Underlying Property definition

Underlying Property. , in relation to a PHE, means —

Underlying Property has the meaning set forth in the recitals.

Underlying Property means (a) any Property owned by a direct or indirect subsidiary of the issuer of a Preferred Equity Interest, or (b) any Mortgaged Property that is the subject of a B Note or a Mortgage Loan, or (c) any Mortgaged Property underlying any Mezzanine Loan that is a Transaction Asset hereunder (including the Initial Transaction Asset).

Examples of Underlying Property in a sentence

• CLAUSE 1(B): WARRANTY Please note that if it is intended to adapt an existing work to create the musical play, such as a novel or a film, then it is incumbent upon the collaborators to check whether such work (usually called the Underlying Property) is still in copyright.

• The value of the Underlying Property is determined by valuation by an approved and registered Valuer.

• Willow LP will issue 100,000 Units of each Class, representing 100,000 equal fractional interests in an Underlying Property.

• The Purchaser further represents that the Purchaser has had an opportunity to ask questions of and receive answers from the Vendor regarding the terms and conditions of the purchase of Tokens and information pertaining to the Underlying Property.

• Each Class of Units will pay to the Manager annual management fees as set out in the Offering Memorandum or Prospectus for the Class, calculated as a percentage of the asset value of its Underlying Property, plus HST, to compensate the Manager for operating and administering Willow LP and the Willow Platform.

More Definitions of Underlying Property

Underlying Property means, with respect to each Property Under Contract, the Real Property to be purchased by Optionor under the Underlying Agreement, as set forth on the Property Schedule and described more particularly on Exhibit A hereto.

Underlying Property means any real estate property that constitutes a Royalty Asset.

Underlying Property means the real property together with all buildings, fixtures, and improvements thereon; all waters and water rights on, relating, or appertaining thereto; all easements, licenses and rights of way relating or appertaining thereto; all rents, issues, royalties, income and profits; all awards made for taking by eminent domain or any proceeding or purchase in lieu thereof; the proceeds of any insurance; all tenements, hereditaments, rights, privileges, and appurtenances belonging or relating thereto or any improvements thereon; and including any of the foregoing now existing or created or arising in the future, if any, which are described in an Underlying Deed of Trust and which act as security for an Underlying Note.

Underlying Property means Mortgaged Property underlying the Initial Transaction Asset.

Underlying Property means a real property owned by an Equity Entity.

Underlying Property means the Property owned by Willow LP, the ownership interests in which are represented by a Class of Units of Willow LP;

Underlying Property means (i) in respect of a Secured Series, the Secured Property; and