WT Property definition

WT Property means a leasehold interest existing pursuant to the WT Lease covering a certain tract of land in Houston, Texas commonly known as the "Westheimer Triangle", a fifty percent (50%) undivided interest in which leasehold is owned by GL and a fifty percent (50%) undivided interest in which leasehold is owned by GDHI, containing 3.799 acres, more or less, as more particularly described at Exhibit A-4, together with the retail center and all other improvements constructed thereon and all right, title and interest of GL and GDHI with respect to the interest described in this definition.
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WT Property means the Personal Property located on or relating to the WT Real Property or the Business being conducted at the WT Real Property as of the date hereof and the Closing Date, including but not limited to the property described on Schedule 2.5, but not including any of the Excluded Assets or the Pass Through Assets.
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Examples of WT Property in a sentence

  • A portion of the purchase price for the WT Property will be paid by delivery to WTP of the Issuer's Senior Living Facilities Revenue 1998 Note (Woodside Terrace) for $3,500,000 (the "WT Deferred Purchase Price Note").

  • Notwithstanding the foregoing, Buyer may, at its option and upon written notice to Seller, extend such date to no later than August 1, 1998 to allow for the WT Property Sale Conditions to be satisfied.

  • Upon satisfaction of the WT Property Sale Conditions, the Escrow Holder will distribute (i) to WTP and Seller, their respective WT Allocated Amounts, and (ii) to Buyer, the WT Rights Assignment and the interest on the WT Allocated Amount.

  • From and after the Effective Date, Seller and Buyer will cooperate with the WT Buyer, the Issuer and the other parties to the WT Transaction to modify all applicable documents to disclose that, at the closing of the sale of the WT Property, Buyer will replace Seller as the manager under the WT Management Agreement, as modified in connection with the WT Transaction, and as the lender under the WT Working Capital Loan.

  • In the event the WT Property Sale Conditions are not satisfied on or before July 1, 1998, the Escrow Holder will return the WT Allocated Amounts, together with all interest thereon, to Buyer and the WT Rights Assignment to WTP and Seller, and all further rights and obligations of the parties to one another hereunder with respect to the WT Property shall terminate.

  • WTP and Seller have reached an agreement in principle to sell the WT Property, which is being renovated to include an Alzheimer's Care Unit, to Woodside Advanced Senior Care, Inc., a California nonprofit public benefit corporation (the "WT Buyer"), for $39,400,000, with Seller remaining as manager of the WT Property under a modified management agreement.

  • Notwithstanding the provisions of clause (a) of this Section 8.2.1, in the event that following the Initial Closing Date Buyer breaches its obligation to acquire the WT Property, then the parties agree that the provisions of the Agreement, before being affected by the provisions of this Second Amendment (other than this clause (c)), shall control as to such circumstance.

  • WT shall sell, convey, assign, transfer and deliver to Purchaser and Purchaser shall purchase, acquire and accept from WT, the WT Property, for the purchase price of $16,194,450.00.

  • From and after the Closing, and pending satisfaction of the WT Property Sale Conditions or earlier abandonment of the WT Transaction, Seller will remain as manager under the WT Management Agreement and will be entitled to all fees payable thereunder.

Related to WT Property

  • Adjacent Property means all land adjoining and surrounding the Stadium Site on which will be located any public streets, sidewalks, plazas, or bridges and any public or private parking facilities or other accoutrements to be developed by Authority or other parties in connection with the Project.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Joint Property means property that is owned by 2 or more persons with rights of survivorship, and includes a tenancy by the entireties in real property, a tenancy in personal property as provided in section 1 of 1927 PA 212, MCL 557.151, a joint tenancy, a joint tenancy with rights of survivorship, and a joint life estate with contingent remainder in fee. For purposes of this part, joint property is considered to consist of a present interest and a future interest. The future interest is the right of survivorship.

  • Exempt Property means the property designated as Exempt Property in Section J.

  • Replacement Property means any property which is placed in service as a replacement for any item of Equipment or any Improvement previously subject to this Fee Agreement regardless of whether such property serves the same functions as the property it is replacing and regardless of whether more than one piece of property replaces any item of Equipment or any Improvement to the fullest extent that the FILOT Act permits.