Examples of Owned Real Estate in a sentence
Schedule 4.11(a) also sets forth a brief description of each option held by any Xxxxxxx Corporation to acquire any real property and an accurate rent roll for all written leases or other agreements, if any, encumbering the Owned Real Estate.
The record title holder listed on Schedule 4.11(a) is the sole legal and equitable owner of all right, title, and interest in and has good, marketable, and insurable title in fee simple absolute to, and, except as disclosed by the leases, is in possession of, all Owned Real Estate including the buildings, structures, sidetracks, and improvements situated thereon and appurtenances thereto, in each case free and clear of all Encumbrances except for Permitted Encumbrances.
The Company Owned Real Estate Brokerage Services segment recognized $5 million of facility related expenses and $4 million of personnel related expenses.
In addition to royalties received from our independently owned franchisees, our Company Owned Real Estate Brokerage Services segment pays royalties to the Real Estate Franchise Services segment.
Notwithstanding any of the provisions contained this Agreement or otherwise, Borrower hereby acknowledges and agrees that upon completion of any inspections or audits permitted under this Agreement, Agent shall have the right to modify the percentage of Eligible Loan Notes, Eligible Sublimit Notes, and Eligible Owned Real Estate included within the Advance Formula, based on its review of the results of such inspection or audit.