Withdrawn Property definition

Withdrawn Property shall have the meaning set forth in Section 3.5.

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Withdrawn Property means any Property that is finally determined to be a “Withdrawn Property” pursuant to the terms of this Agreement.

Withdrawn Property shall have the meaning specified in Section 23.01 of the Lease. A-2l

Examples of Withdrawn Property in a sentence

• If any of the foregoing conditions set forth in this Section 7 are not satisfied at the Initial Closing (or the applicable Deferred Closing with respect to any Property specified above), such Property shall be, at the Buyer’s election, a Withdrawn Property.

• Tenant acknowledges that it is voluntarily surrendering the Withdrawn Property and shall have no claim in relation to the Withdrawn Property under the Lease.

• Pursuant to Section 2.4(c) of the Agreement, the parties acknowledge that none of the Properties of the REIT II Sellers became a Withdrawn Property prior to the expiration of the Inspection Period.

• In that event, such Damaged Property shall be treated as a Withdrawn Property under Section 3.5, and this Agreement shall continue in full force and effect as to all other Property.

• Subject to the rights of the parties to the Redemption Agreement to subject a Withdrawn Property to the Redemption Agreement, Seller shall and shall cause its Subsidiaries, (i) to take all actions necessary to preserve Purchaser's rights under this Section and (ii) not take any or fail to take any action that would impair Purchaser's rights under this Section.

• Notwithstanding anything to the contrary in this Agreement, no Seller shall make any representations or warranties with respect to any Withdrawn Property at the Initial Closing in the certificate to be delivered pursuant to this Section 8.3(a), nor are any representations or warranties with respect to any Withdrawn Properties set forth in this Agreement or such certificate conditions to the Initial Closing.

• Should the Transferee so terminate this Agreement as to Condemned Property in accordance with this Article 15, such Condemned Property shall be treated as a Withdrawn Property ---------- under Section 2.8, and this Agreement shall continue in full force and effect as ----------- to all other Property.

• In that event, such Damaged Property shall be treated as a Withdrawn Property under Section 2.8, and this Agreement shall continue in full force and effect ----------- as to all other Property.

• Withdrawn Property - If any Project Facilities are not used in public transit service for the duration of their useful life as determined by the Grantor, whether by planned withdrawal, misuse or casualty loss, the Grantee agrees to notify the Grantor thereof at least 30 calendar days prior to a planned withdrawal and not later than 30 days following misuse or casualty loss.

• If the form of the East Lansing Agreement is not finalized by the Sellers and the Buyer on or prior to September 10, 2012, the Purchase Price shall be reduced by $8,300,000, and the Property known as “The Lodges of East Lansing” will be a Withdrawn Property.

More Definitions of Withdrawn Property

Withdrawn Property shall be any Unapproved Property, Damaged Property or Condemned Property as to which this Agreement has been terminated pursuant to Section 5.2(b), Section 5.2(c), Section 14.1, Article 15 or Section 16.1(a). In the event any Property becomes a Withdrawn Property, the Allocated E▇▇▇▇▇▇ Money shall be promptly returned to the Operating Partnership, Schedule C shall be revised to delete the Assumed Loan associated with such Withdrawn Property from the definition of Assumed Loans and the value assigned to such Withdrawn Property on Schedule 3.1 (the “Assigned Value”) shall be deducted from the Contribution Value. In the event that prior to the Closing, the aggregate number of beds contained in the Withdrawn Properties is greater than 1,000, this Agreement may be terminated in its entirety at the election of the Contributee by written notice given to the Contributors.

Withdrawn Property shall have the meaning set forth in Section 3.7.

Withdrawn Property means: (a) any Property identified as a “Withdrawn Property” pursuant to Sections 5.2(b), 5.2(c), 5.7(b), 5.10(c), 7.2, 7.3, 8.1 or 10.1(f), and (b) any Property with respect to which a Property Material Adverse Effect has occurred and is continuing on the Initial Closing Date.

Withdrawn Property means any Property released from the lien of the Deed of Trust or the Mortgage pursuant to Section 404 hereof.