Borrowing Base Property or Borrowing Base Properties Sample Clauses

Borrowing Base Property or Borrowing Base Properties. At the time of determination, the Eligible Real Estate owned or leased pursuant to a Ground Lease approved by the Agent, by a Subsidiary Guarantor with respect to which all of the Equity Interests in such Subsidiary Guarantor have been pledged to the Agent pursuant to the Assignment of Interests and which satisfies the provisions of this Agreement to be included in the calculation of Borrowing Base Availability.
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Borrowing Base Property or Borrowing Base Properties. At the time of determination, the Eligible Real Estate owned by a Subsidiary Guarantor and which satisfies the provisions of this Agreement to be included in the calculation of Tranche B Availability or Tranche C Availability within the Borrowing Base Availability, and has actually been included in the calculation of Borrowing Base Availability, and that is security for the Obligations pursuant to the Mortgages and Assignments of Leases and Rents.
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Borrowing Base Property or Borrowing Base Properties. The Real Estate owned by a Subsidiary Guarantor and, if applicable, leased by a Subsidiary Guarantor pursuant to an Operating Lease, that is security for the Obligations pursuant to the Mortgages. Borrowing Base Qualification Documents. See Schedule 5.3 attached hereto.
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Borrowing Base Property or Borrowing Base Properties. The Real Estate owned (or leased pursuant to a Ground Lease) by Borrower or a Subsidiary Guarantor and leased by a Subsidiary Guarantor pursuant to an Operating Lease that is security for the Obligations pursuant to the Mortgages or pursuant to the pledge of Equity Interests in the Subsidiary Guarantors that own (or lease pursuant to a Ground Lease) such Real Estate and lease such Real Estate pursuant to an Operating Lease pursuant to the Assignment of Interests, as required by the terms of this Agreement. Borrowing Base Qualification Documents. See Schedule 5.3 attached hereto. Breakage Costs. The cost to any Lender of re-employing funds bearing interest at LIBOR incurred (or reasonably expected to be incurred) in connection with (a) any payment of any portion of the Loans bearing interest at LIBOR prior to the termination of any applicable Interest Period, (b) the conversion of a LIBOR Rate Loan to any other applicable interest rate on a date other than the last day of the relevant Interest Period, or (c) the failure of the Borrower to draw down, on the first day of the applicable Interest Period, any amount as to which the Borrower has elected a LIBOR Rate Loan.
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Borrowing Base Property or Borrowing Base Properties. The Eligible Real Estate owned or leased by the Borrower-SPE or subject to an EPR Senior First Mortgage, to be included in the calculation of Borrowing Base, and which has been approved by Agent and Required Lenders in their sole discretion. Insofar as Borrowing Base Property consists of Eligible Real Estate that is subject to an EPR Senior First Mortgage, the term “Borrowing Base Property” shall be deemed to refer to such Eligible Real Estate or the related EPR Senior Property Loan, as the context may require. The initial Borrowing Base Property shall consist of the below listed Megaplex Movie Theatres and Entertainment-Related Retail Improvements which shall contain the following properties (collectively, as listed below, the “Initial Eligible Real Estate”): Name Location Harbour View 16 Suffolk, VA Peoria Rave Peoria, IL Conroe Conroe, TX White Oak Village Garner, NC Grand 18-Winston Salem Winston Salem, NC Columbia Mall 14 Columbia, MD Panama City-Grand 16 Panama City, FL Kalispell 14 Kalispell, MT Grand 18-Greensboro Greensboro, NC Southfield Southfield, MI Southfield Retail Southfield, MI Harbour View Retail Suffolk, VA AMC Grand 24 Dallas, TX AMC Xxxxxxx Xxxx 00 Xxx Xxxxxxx, XX AMC Xxxxxx 00 Xxxxxxxx, XX AMC Xxxxxxx Xxxxxx 00 Xxx Xxxxx, XX AMC Xxxxxxx Xxxxx 00 Ontario, CA AMC Promenade 16 Los Angeles, CA AMC Studio 30 Houston, TX AMC Xxxx Xxxxx 00 Xxx Xxxxxxx, XX Huntsville Huntsville, AL Melbourne Melbourne, FL Pensacola Bayou 00 Xxxxxxxxx, XX Xxxxxxx Xxxxxx Xxxxxxx, XX Gulf Pointe Retail Houston, TX Mesquite Retail Mesquite, TX Powder Springs Retail Atlanta, GA Westcol Retail Westminster, CO Subsequent to Closing hereunder, the Borrowers may add other Eligible Real Estate or substitute other Eligible Real Estate for all or a portion of the Initial Eligible Real Estate subject to the compliance with the terms of this Agreement. Borrowing Base Property Net Operating Income (or Borrowing Base Property NOI). With respect to any Borrowing Base Property, for any period, the aggregate of actual recurring “property revenues” earned and received by Borrower-SPE in such period (provided however that any amounts accrued shall only include those amounts not more than 45 days delinquent in arrears) for the Borrowing Base Property (including base rent and expense reimbursement, but excluding straight line and percentage rent), (or in the case of Borrowing Base Properties subject to EPR Senior First Mortgages, the related mortgage loan interest income) and all a...
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Borrowing Base Property or Borrowing Base Properties. The Eligible Real Estate owned by the Borrower-SPE to be included in the calculation of Borrowing Base, which such property has been approved by Agent and Requisite Lenders in their sole discretion. The Borrowing Base Property shall initially consist of the below listed Megaplex Movie Theatres and Entertainment-Related Retail Improvements which shall contain the following properties (collectively, as listed below, the "Initial Eligible Real Estate"): Name Location ----------------------------- --------------------------------- Harbour View Suffolk, VA ----------------------------- --------------------------------- Amstar Theatre Macon, GA ----------------------------- --------------------------------- AMC Mesa Mesa, AZ ----------------------------- --------------------------------- Columbiana Columbus, OH ----------------------------- --------------------------------- Southfield Southfield, MI ----------------------------- --------------------------------- Southwind Lawrence, KS ----------------------------- --------------------------------- ----------------------------- --------------------------------- Peoria RAV Peoria, IL ----------------------------- --------------------------------- Lafayette Lafayette, LA ----------------------------- --------------------------------- Melboure Melbourne, FL ----------------------------- --------------------------------- Hurst Hurst, TX ----------------------------- --------------------------------- Wilmington Wilmington, NC ----------------------------- --------------------------------- Biloxi Biloxi, MS ----------------------------- --------------------------------- Chatanooga Chatanooga, TN ----------------------------- --------------------------------- Conroe Conroe, TX ----------------------------- --------------------------------- Hattiesburg Hattiesburg, MS ----------------------------- --------------------------------- Hialeah Miami Lake, FL ----------------------------- --------------------------------- Washington Indianapolis, IN ----------------------------- --------------------------------- Southfield Southfield, IL ----------------------------- --------------------------------- Westcol Denver, CO ----------------------------- --------------------------------- Harbour View Suffolk, VA ----------------------------- --------------------------------- Notwithstanding anything to the contrary contained herein, the parties acknowledge that the following properties have been approved as to quality of assets, onl...
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Borrowing Base Property or Borrowing Base Properties. The Real Estate owned (or leased pursuant to a Ground Lease) by Borrower or a Subsidiary Guarantor and leased by a Subsidiary Guarantor pursuant to an Operating Lease that is security for the Obligations pursuant to the Mortgages, as required by the terms of this Agreement. Borrowing Base Qualification Documents. See Schedule 5.3 attached hereto. Breakage Costs. The cost to any Lender of re-employing funds bearing interest at LIBOR incurred (or reasonably expected to be incurred) in connection with (a) any payment of any portion of the Loans bearing interest at LIBOR prior to the termination of any applicable Interest Period, (b) the conversion of a LIBOR Rate Loan to any other applicable interest rate on a date other than the last day of the relevant Interest Period, or (c) the failure of the Borrower to draw down, on the first day of the applicable Interest Period, any amount as to which the Borrower has elected a LIBOR Rate Loan.
Sample 1
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Borrowing Base Property or Borrowing Base Properties. At the time of determination, the Eligible Real Estate owned by a Subsidiary Guarantor and which satisfies the provisions of this Agreement to be included in the calculation of Tranche B Availability or Tranche C Availability within the Borrowing Base Availability, and has actually been included in the calculation of Borrowing Base Availability, and that is security for the Obligations pursuant to the Mortgages and Assignments of Leases and Rents (or with respect to the JCAP Manhattan Property, that is security for the Obligations pursuant to the pledge of Equity Interests in JCAP Manhattan that owns the JCAP Manhattan Property pursuant to the Assignment of Interests).
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Related to Borrowing Base Property or Borrowing Base Properties

  • Borrowing Base Properties (a) Except where the failure to comply with any of the following would not have a Material Adverse Effect, each of Parent and Borrower shall, and shall use commercially reasonable efforts to cause each other Loan Party or the applicable tenant, to:

  • Borrowing Base Assets (a) The Eligible Real Estate and Borrowing Base Loans included in the calculation of the Borrowing Base Availability shall at all times satisfy all of the following conditions:

  • Unencumbered Properties Each Property included in any calculation of Unencumbered Asset Value or Unencumbered NOI satisfied, at the time of such calculation, all of the requirements contained in the definition of “Unencumbered Property Criteria.”

  • Initial Borrowing Base For the period from and including the Closing Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $2,250,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.14(e), (f) and (g).

  • After Acquired Real Property Upon the acquisition by it or any of its Domestic Subsidiaries that is a Loan Party after the date hereof of any Material Real Estate Asset (each such interest being an “After Acquired Property”), as soon as reasonably practicable so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property after taking into account any liabilities with respect thereto that impact such fair market value. The Collateral Agent shall notify such Loan Party within ten (10) Business Days of receipt of notice from the Administrative Borrower whether it intends to require any of the Real Property Deliverables referred to below. Upon receipt of such notice, the Loan Party that has acquired such After Acquired Property shall furnish to the Collateral Agent as promptly as reasonably practicable the following, each in form and substance reasonably satisfactory to the Collateral Agent: (i) a Mortgage with respect to such real property and related assets located at the After Acquired Property, duly executed by such Loan Party and in recordable form; (ii) evidence of the recording of the Mortgage referred to in clause (i) above in such office or offices as may be necessary or, in the opinion of the Collateral Agent, desirable to create and perfect a valid and enforceable first priority lien on the After Acquired Property purported to be covered thereby (subject to Permitted Liens) or to otherwise protect the rights of the Agents and the Lenders thereunder, (iii) a Title Insurance Policy, (iv) a survey of such real property, certified to the Collateral Agent and to the issuer of the Title Insurance Policy by a licensed professional surveyor reasonably satisfactory to the Collateral Agent, provided that an existing survey shall be acceptable if sufficient for the applicable title insurance company to remove the standard survey exception and issue survey-related endorsements, (v) if requested, Phase I Environmental Site Assessments with respect to such real property, certified to the Collateral Agent by a company reasonably satisfactory to the Collateral Agent, and (vi) such other documents reasonable and customary or instruments (including guarantees and enforceability opinions of counsel) as the Collateral Agent may reasonably require (clauses (i)-(vi), collectively, the “Real Property Deliverables”). The Borrowers shall pay all reasonable and documented out-of-pocket fees and expenses, including reasonable and documented out-of-pocket fees and expenses of one outside counsel and one local counsel in each relevant jurisdiction, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(o).

  • Borrowing Base If, at any time, (A) the Revolver Usage on such date exceeds (B) the lesser of (x) the Borrowing Base reflected in the Borrowing Base Certificate most recently delivered by Borrowers to Agent, or (y) the Maximum Revolver Amount, in all cases as adjusted for Reserves established by Agent in accordance with Section 2.1(c), then Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the amount of such excess.

  • Real Properties The Company does not have an interest in any real property, except for the Leases (as defined below).

  • Property or Properties As the context requires, any, or all, respectively, of the Real Property acquired by the Company, either directly or indirectly (whether through joint venture arrangements or other partnership or investment interests).

  • Real Estate Assets In order to create in favor of Collateral Agent, for the benefit of Secured Parties, a valid and, subject to any filing and/or recording referred to herein, perfected First Priority security interest in certain Real Estate Assets, Collateral Agent shall have received from Borrower and each applicable Guarantor:

  • Real Property; Assets (a) Neither the Company nor any of its Subsidiaries owns any real property.

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