Owned Property

Owned Property. The term "Owned Property" shall mean and refer to the fee interests in the real property included among such Party's Assets and described as such Party's Owned Property on SCHEDULE 1.20 and all improvements and towers thereon and appurtenances thereto. Reference to PARTY A Owned Property shall be deemed to refer to the Owned Property of PARTY A, and reference to PARTY B Owned Property shall be deemed to refer to the Owned Property of PARTY B, in each case, as included among such Party's Assets.