Controlled Real Property definition

Controlled Real Property means, collectively, the Owned Real Property and the Managed Real Property.
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Controlled Real Property means all premises or real property owned or leased premises by a Loan Party.
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Controlled Real Property has the meaning set forth in Section 3.10(a).
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Examples of Controlled Real Property in a sentence

  • Loan Parties’ obligations under this Section shall arise upon the discovery of the presence of any Hazardous Substances at the Controlled Real Property, whether or not any federal, state, or local environmental agency has taken or threatened any action in connection with the presence of any Hazardous Substances.

  • Loan Parties shall use their best efforts to obtain certificates of disposal, such as hazardous waste manifest receipts, from all treatment, transport, storage or disposal facilities or operators employed by Loan Parties in connection with the transport or disposal of any Hazardous Waste generated at the Controlled Real Property.

  • Such information is to be provided to allow Agent to protect its security interest in the Controlled Real Property and is not intended to create nor shall it create any obligation upon Agent with respect thereto.

  • Such information is to be provided solely to allow Agent to protect Agent’s security interest in the Controlled Real Property and the Collateral.

  • Loan Parties shall promptly forward to Agent copies of all documents and reports concerning a Hazardous Discharge at the Controlled Real Property that any Loan Party is required to file under any Environmental Laws.

  • Except as disclosed in Section 2.12(c) of the Company Disclosure Schedule, the Options to Lease and Lease Assumption Agreements provide the Company or the Company Subsidiary with the right to take possession of the Franchisee Controlled Real Property covered by such agreement if the Franchise Agreement for such site is terminated.

  • Such information is to be provided to allow Lender to protect its security interest in the Controlled Real Property and is not intended to create nor shall it create any obligation upon Lender with respect thereto.

  • Sellers shall use reasonable best efforts to promptly inform B▇▇▇▇ prior to Closing of any known or anticipated changes to the list of or information related to the Owned Real Property, Controlled Real Property, and Legacy Homes as of the Closing Date from the information contained in the Closing Property Statement.

  • Each Contract relating to such Controlled Real Property is in full force and effect and is valid, binding and enforceable against the counterparty, the Company or any Company Subsidiary party to such Contract, except, in each case as enforceability of such agreements may be limited by the Enforceability Exceptions.

  • Copies of all notices given or received by the Company or a Company Subsidiary under any Contract relating to such Controlled Real Property prior to the date of this Agreement are listed in Section 3.11.2(b) of the Company Disclosure Schedule and have been provided to Buyer, and all such notices given or received after the date of this Agreement shall be promptly provided to Buyer, but no later than the Closing Date.


More Definitions of Controlled Real Property

Controlled Real Property means all real property with respect to which the Company has an outstanding option, right of first offer or right of first refusal to purchase.
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Controlled Real Property means any Initial Controlled Real Property or Additional Controlled Real Property.
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Controlled Real Property means Real Property and Improvements owned, leased or controlled on or prior to the Closing Date by the Seller in respect of the Business or any predecessor thereof;
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Related to Controlled Real Property

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Excluded Real Property (a) any Real Property that is subject to a Lien expressly permitted by Section 7.3(j) (solely to the extent that the Indebtedness secured by such Lien would prohibit a Lien on such Real Property to secure the Obligations) or Section 7.3(g) (solely to the extent securing Indebtedness under Sections 7.2(c) or 7.2(t)), (b) any Real Property with respect to which, in the reasonable judgment of the Borrower and the Administrative Agent, the cost of providing a mortgage on such Real Property in favor of the Secured Parties under the Security Documents shall be excessive in view of the benefits to be obtained by the Lenders therefrom and (c) any Real Property to the extent providing a mortgage on such Real Property would (i) result in material adverse tax consequences to Holdings or the Borrower or any of its Restricted Subsidiaries as reasonably determined by the Borrower (provided, that any such designation of Real Property as Excluded Real Property shall be subject to the prior written consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed)), (ii) violate any applicable Requirement of Law, (iii) be prohibited by any applicable Contractual Obligations (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) to the extent such prohibition was not created in contemplation of a mortgage on such Real Property or (iv) give any other party (other than a Loan Party or a wholly-owned Subsidiary) to any contract, agreement, instrument or indenture governing such Real Property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) to the extent such right was not created in contemplation of a mortgage on such Real Property; provided that the Borrower may designate in a written notice to the Administrative Agent any Real Property not to constitute “Excluded Real Property”, whereupon the Borrower shall be obligated to comply with the applicable requirements of Section 6.8 as if it were newly acquired.

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Closing Date pursuant to Section 5.11(c) or 4.02.