Individual Properties definition

Individual Properties means, collectively, each and every Individual Property, subject to substitutions and releases of properties in accordance with the terms of this Agreement.

Individual Properties means, from time to time, all real estate property owned or ground leased by any Consolidated CRT Entity or any Unconsolidated CRT Entity, together with all improvements, fixtures, equipment, and personalty relating to such property.

Individual Properties means, from time to time, all real estate property owned or ground leased by the Borrower or any Subsidiary Guarantor, together with all improvements, fixtures, equipment, and personalty relating to such property.

Examples of Individual Properties in a sentence

• Notwithstanding the foregoing, the Seller may elect to close the sales of some of the Individual Properties in smaller groupings as necessary to facilitate the closings and may elect to postpone the Closing of all or some of the Individual Properties by up to one hundred and eighty (180) days in its sole discretion, upon no less than fifteen (15) days' notice to the Buyer.

• Senior Lender or its Affiliates may remove certain Individual Properties (each, an “Affected Property”) as collateral for the Senior Loan after a Securitization of the Senior Loan in connection with (A) a default under the Senior Loan due to certain document defects (e.g., documents that are not effective or incomplete) or (B) a breach of a loan seller representation and warranty delivered or given, as applicable, in connection with the Securitization related to such Affected Property.

• All of the provisions of this Agreement shall apply to each of the Individual Properties severally as if each property were the sole property which was the subject matter of this Agreement.

• In order to further effectuate such waiver, each Guarantor hereby agrees to waive all rights and defenses arising out of an election of remedies by Lender, even though that election of remedies, such as a nonjudicial foreclosure with respect to any of the Individual Properties, has destroyed its rights of subrogation and reimbursement against Borrower by the operation of Section 580d of the Code of Civil Procedure or otherwise.

• In the event the Seller has not obtained the Discharges by the Closing as set out in Section 5, the Seller shall be entitled to extend the Closing for such periods of time as is necessary to obtain the Discharges, in the opinion of the Seller in its sole discretion for any Individual Property and to proceed to close the remainder of the Individual Properties as provided herein, provided the Seller shall not be entitled to extend the Closing for a period in excess of two (2) years from the date hereof.

More Definitions of Individual Properties

Individual Properties means, individually and/or collectively as the context may require, each Xxxxx Fargo Mortgage Loan Property and CIGNA Mortgage Loan Property, as the same are more particularly described on Schedule I(b) and I(c) attached hereto, together with the respective Improvements thereon and all property of any nature owned and/or leased by the applicable Individual Property Owner, and including each Maryland Property, and encumbered by the Mortgage Loan, together with all rights pertaining to such property and improvements.

Individual Properties means, collectively, each and every Individual Property.

Individual Properties means, collectively, all of the Individual Properties which are subject to the terms of this Agreement from time to time.

Individual Properties means, from time to time, all real estate property owned or ground leased by any Consolidated CSC Entity or any Unconsolidated CSC Entity, together with all improvements, fixtures, equipment, and personalty relating to such property.

Individual Properties means each of the Blue Mountain Property and the Whistler Property.

Individual Properties means, from time to time, all real estate property owned or ground leased by the Borrower or any Subsidiary Guarantor, together with all improvements, fixtures, equipment, and personalty relating to such property. “Indemnified Taxes” means (a) Taxes other than Excluded Taxes, and (b) to the extent not otherwise described in (a), Other Taxes. “Interest Election Request” means a request by the Borrower to convert or continue a Borrowing in accordance with Section 2.07. “Interest Expense” shall mean all of a Person's paid, accrued or capitalized interest expense on such Person's Indebtedness (whether direct, indirect or contingent, and including, without limitation, interest on all convertible debt), and including (without duplication) the Equity Percentage of Interest Expense for the Borrower's (or the Parent’s) Unconsolidated Affiliates. “Interest Payment Date” means the first Business Day of each calendar quarter. “Interest Period” means with respect to any Eurodollar Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two or three months thereafter; provided, that (a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless, in the case of a Eurodollar Borrowing only, such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day and (b) any Interest Period pertaining to a Eurodollar Borrowing that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is - 20 - \\DC - 769032/000001 - 15799738 v7

Individual Properties means every Individual Property, collectively. “Insurance Account” shall have the meaning set forth in the Senior Loan Agreement. “Insurance Premiums” shall have the meaning set forth in the Senior Loan Agreement. “Interest Period” shall have the meaning set forth in Section 2.6.