Common use of Separate Lots Clause in Contracts

Separate Lots. Each Individual Parcel is comprised of one (1) or more contiguous parcels which constitute a separate tax lot or lots and does not constitute or include a portion of any other tax lot not a part of such Individual Parcel.

Appears in 4 contracts

Sources: Loan and Security Agreement (KBS Real Estate Investment Trust, Inc.), Loan and Security Agreement (KBS Real Estate Investment Trust, Inc.), Loan and Security Agreement (American Financial Realty Trust)

Separate Lots. Each Individual Parcel is comprised of one (1) or more contiguous parcels which constitute constitutes a separate tax lot or lots and does not constitute or include a portion of any other tax lot which is not a part of such Individual Parcel.

Appears in 2 contracts

Sources: Loan Agreement (Banyan Strategic Realty Trust), Loan Agreement (Banyan Strategic Realty Trust)

Separate Lots. Each To the best of Borrower's knowledge, each Individual Parcel is comprised of one (1) or more contiguous parcels which constitute a separate tax lot or lots and does not constitute or include a portion of any other tax lot not a part of such Individual Parcel.

Appears in 1 contract

Sources: Loan and Security Agreement (American Financial Realty Trust)

Separate Lots. Each Individual Parcel is comprised of one (1) or more contiguous parcels which constitute a constitutes one (1) or more separate tax lot or lots and does not constitute or include a portion of any other tax lot not a part of such Individual Parcelthe Project.

Appears in 1 contract

Sources: Loan Agreement (Acadia Realty Trust)