Common use of Permitted Property Clause in Contracts

Permitted Property. A property which is an income producing office, industrial or a so-called flex property and is located in the States of Maryland or West Virginia or the Commonwealth of Virginia. Perseus. Perseus Redland Investments LLC, a Delaware limited liability company, and its successors and assigns under the Tech LP Agreement. Person. Any individual, corporation, general partnership, limited partnership, trust, limited liability company, limited liability partnership, unincorporated association, business, or other legal entity, and any government (or any governmental agency or political subdivision thereof). Pledged Entity (ies). Collectively, the direct or indirect Subsidiaries of the Borrower whose Equity Interests become Pledged Equity Interests.

Appears in 2 contracts

Sources: Senior Secured Term Loan Agreement (First Potomac Realty Trust), Senior Secured Term Loan Agreement (First Potomac Realty Trust)