Undermined Properties definition
Undermined Properties means properties that fall within an area that is undermined. All properties falling on such an area shall be subject to municipal consent prior to any development.
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Related to Undermined Properties
Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.
Leased Properties have the meaning set forth in Section 3.16 herein.
Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.
Common Properties means and refer to those areas of land shown on any recorded subdivision plat of The Properties and intended to be devoted to the common use and enjoyment of the owners of The Properties.
Owned Properties has the meaning set forth in Section 3.16.