Ground Lease Premises definition

Ground Lease Premises means (a) the real property (the “Land”) more particularly described in Exhibit A of the Ground Lease; (b) all of the FCRHA’s interest in land use approvals, certain easements, development rights, improvements, equipment and fixtures located on the Land at the time of the Closing (as defined below); and (c) any other intangible property associated with the Land or the improvements, equipment and fixtures located thereon owned by the FCRHA.
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Examples of Ground Lease Premises in a sentence

  • LAC4-South will timely apply to VH for the Tax Credits in each cycle for which LAC4-South is eligible during the Term for the Ground Lease Premises until LAC4-South receives an award of Tax Credits, and LAC4-South will diligently and in good faith prosecute all steps and actions needed for the award of the Tax Credits.

  • For the avoidance of doubt, LAC4-South will accept possession of the Ground Lease Premises on the commencement date of the Ground Lease “AS IS, WHERE IS, WITH ALL FAULTS”, subject to the Permitted Exceptions.

  • The Parties intend that this Agreement creates a valid and present encumbrance on the Ground Lease Premises in favor of LAC4-South, effective as of the Effective Date, subject to any and all liens or encumbrances disclosed in the Land Records.

  • The Parties intend that this Agreement is given by the FCRHA to LAC4-South as an option to lease the Ground Lease Premises.

  • The FCRHA hereby grants to LAC4- North an option to lease the Ground Lease Premises, subject to the terms and conditions of this Agreement.

  • No person or entity other than LAC4-South holds any option or other right to lease or purchase all or any part of any of the Property, including the Ground Lease Premises or any interest in the Property, including the Ground Lease Premises, other than (i) the Permitted Exceptions and (ii) the County’s storage of FasTran buses on the Ground Lease Premises.

  • As additional consideration for the lease of the Ground Lease Premises pursuant to the Ground Lease, LAC4-South will pay all escrow and recording fees and other closing costs charged by the Escrow Agent and will pay the Lease Preparation Payment to the FCRHA at Closing.

  • Therefore, the Option will be deemed an encumbrance upon the Ground Lease Premises during the term of this Agreement effective as of the Effective Date and will be binding upon and inure to the benefit of each of the Parties hereto and their respective successors and assigns (subject to Section 12.7 below).

  • The Consideration has been bargained for and agreed to as separate and independent consideration for LAC4-South option to lease the Ground Lease Premises pursuant to the terms herein, and for the FCRHA’s execution and delivery of this Agreement.

Related to Ground Lease Premises

  • Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.

  • School premises means either of the following:

  • the Building means any building of which the Property forms part.

  • Leased Properties has the meaning set forth in Section 3.1(n)(ii).

  • Premises means the location where the Services are to be supplied, as set out in the Specification.

  • Storage Space means a space where goods of non-hazardous nature are stored and includes cold storage and banking safe vaults;

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.