Ground Leased Property definition

Ground Leased Property means each Transferred Asset identified as being subject to a Ground Lease on Schedule A attached hereto.

Ground Leased Property. The real property leased pursuant to the Ground Leases.

Ground Leased Property means, individually and/or collectively (as the context requires), all or any portion of any Individual Property that is subject to a Ground Lease.

Examples of Ground Leased Property in a sentence

• In the appraisal delivered to Lender on or prior to the Closing Date, no value was attributed to the Ground Leased Property covered by the San Antonio Ground Lease.

• The Portsmouth Ground Lease and the Portsmouth Condominium Documents generally require that the net proceeds be used to repair and reconstruct the improvements on the Ground Leased Property covered by the Portsmouth Ground Lease.

• Any amounts remaining in the Ground Lease Reserve Fund after the Debt has been paid in full or after the Ground Leased Property has been released in accordance with the terms hereunder, shall be returned (x) in the event the Mezzanine Loan is outstanding, to Mezzanine Lender to be applied in accordance with the Mezzanine Loan Agreement, or (y) in the event that the Mezzanine Loan is paid in full, to Borrower.

• The Ground Lease permits the interest of Ground Lease Borrower to be encumbered by a mortgage or the Ground Lessor has approved and consented to the encumbrance of the Ground Leased Property by the applicable Security Instrument.

• With respect to the Ground Leased Property, Tenant shall observe and perform all of the obligations of Landlord under each Ground Lease.

More Definitions of Ground Leased Property

Ground Leased Property means those certain Individual Properties demised by each of the Ground Leases.

Ground Leased Property means that certain Individual Property demised by a Ground Lease.

Ground Leased Property. The real property leased pursuant to the Ground Leases. There is no Ground Leased Property as of the Amendment Date.

Ground Leased Property. As defined in Section 1.4(a).

Ground Leased Property shall have the meaning set forth in Section 2.8(a).

Ground Leased Property means, collectively, (a) that certain real property located at 000 Xxxx Xxxxxx, Xxxxxx Xxxxxx, Xxxxx Xxxxxxxx and (b) that certain real property located at 0000 Xxxxxx Xxxxxx, Columbia, South Carolina; each of which is more particularly described on Exhibit A.

Ground Leased Property means each Property subject to a Ground Lease from time to time.