Acquisition Property definition

Acquisition Property means a Property that has been owned (or ground leased) for fewer than eight (8) complete fiscal quarters.

Acquisition Property means, as of any date of determination, any Real Property Assets acquired within such fiscal quarter and/or the immediately preceding three fiscal quarters.

Acquisition Property means any improved, income producing Property owned by the Company or any of its Subsidiaries for fewer than four complete fiscal quarters, unless the Company has made a one-time election in writing to the Agent to treat such Property as a Health Care Facility (and no longer treat such Property as an Acquisition Property).

Examples of Acquisition Property in a sentence

• True, correct and complete copies of each of the Acquisition Property Contracts have been made available to CCI.

• Votorantim owns approximately 71.99% interest in the Acquisition Property, pursuant to, and subject to, the Joint Venture Agreement, and an acknowledgement and agreement relating to dilution of joint venture interest between the same parties dated July 1, 2015.

• Votorantim, as a party thereto, is not in breach or default under any Acquisition Property Contract in any material respect, and to Votorantim’s Knowledge, no other party thereto is in breach or default thereunder in any material respect and no event has occurred that with notice or lapse of time would constitute any breach or default in any material respect, or, to Votorantim’s Knowledge, permit termination, modification or acceleration in any material respect, of any Acquisition Property Contract.

• All Reclamation Bonds held by Votorantim in connection with the Acquisition Property or operations thereon are described in Section 1.1(i) of the Disclosure Schedule, and all such Reclamation Bonds are presently in good standing.

• Votorantim, owns the right, title and interest in the Acquisition Property (as defined below).

More Definitions of Acquisition Property

Acquisition Property means, as of any date of determination, a Property owned by a Borrower or a Subsidiary thereof for fewer than 24 months since the date of acquisition (regardless of whether such date of acquisition occurs prior to or after the Closing Date), unless the Borrowers have made a one-time election to treat such Property as a Stabilized Property for purposes of calculating Total Asset Value and Unencumbered Value.

Acquisition Property means a property acquired by the Borrower or its Consolidated Subsidiaries or Investment Affiliates (whether by purchase, merger or other corporate transaction and including acquisitions from taxable REIT subsidiaries owned by Borrower).

Acquisition Property means, as of any date of determination, any Property or any interest therein that has been acquired by the Borrower, its Consolidated Businesses or any UJV within the prior eighteen (18) months, unless the Borrower has owned or operated such Property for at least three (3) months and has made a one-time election (by written notice to the Administrative Agent) to no longer treat such Property as an Acquisition Property for purposes of this Agreement, in which case (x) clause (1) of the definition of Capitalization Value shall be used for such Property to determine Capitalization Value instead of clause (4) of such definition, determined by such Property’s contribution to Combined EBITDA, annualized based on Borrower’s or such Subsidiary’s or UJV’s period of ownership or operation, and (y) clause (1) of the definition of Unencumbered Asset Value shall be used for such Property to determine Unencumbered Asset Value instead of clause (2) of such definition, determined by such Property’s contribution to Combined Property EBITDA, annualized based on Borrower’s or such Subsidiary Guarantor’s period of ownership or operation. For avoidance of doubt, and as an illustrative example, if the Borrower owns a 50% interest in a UJV and thereafter acquires the other 50% interest in such UJV from its partner, then the 50% interest that it acquired would constitute an Acquisition Property for purposes of this Agreement, subject to the other terms and conditions of this paragraph set forth above.

Acquisition Property means any improved, income-producing Property owned by the Borrower or any of its Subsidiaries for fewer than four (4) complete fiscal quarters, unless the Borrower has made a one-time election to treat such Property as a Medical Office/Office Property or Other Property (and no longer treat such Property as an Acquisition Property).

Acquisition Property means, as of any given date, any completed Property acquired by the Borrower or any Subsidiary of the Borrower during the fiscal quarter most recently ended or during the four consecutive fiscal quarters immediately preceding such fiscal quarter most recently ended.

Acquisition Property means a Property acquired by the Company or any Subsidiary of the Company that has been owned for less than four (4) consecutive full fiscal quarters.

Acquisition Property means a Property acquired by the Company or any Subsidiary of the Company during the most recent four (4) consecutive fiscal quarters.