Eligible Property. Abatement may be extended to the value of buildings, structures, fixed machinery and equipment, site improvements plus that office space and related fixed improvements necessary to the operation and administration of the facility.
Eligible Property. The Loan Parties shall not permit any Financed Property that was financed hereunder as an Eligible Property to fail to qualify as an Eligible Property; provided that an Eligible Property may become a Disqualified Property if such Property becomes a Reserved Property.
Eligible Property. Each Financed Property is either (i) an Eligible Property or (ii) a Disqualified Property that is a Reserved Property, as applicable.
Eligible Property. It is acknowledged and agreed by Grantor that the standards and requirements for the Collateral constituting an Eligible Property and being included in calculations of the Borrowing Base are as set forth in the Credit Agreement, and that the Collateral subject hereto may cease to be an Eligible Property and cease to be included in calculating the Borrowing Base if the Collateral is not in compliance with such eligibility requirements, notwithstanding that the Collateral may remain subject to this Security Instrument.
Eligible Property. As defined in this Agreement, Eligible Property includes only that property classified as new construction by TCAD for valuation purposes.
Eligible Property. Each Financed Property is either (i) an Eligible Property or (ii) a Disqualified Property that is a Reserved Property, and, as of the Restatement Effective Date, each Reserved Property shall be described on Schedule XI. 95
Eligible Property. The Parties agree that Sonterra will be allowed to request will-serve commitments under the 1994 Agreement, as amended by the First and Second Amendments, for any industrial or commercial development located on any property identified in Exhibit A of the 1994 Agreement and Exhibits A & B of the First Amendment, regardless of whether the property is owned by Sonterra. In addition, Sonterra will be allowed to request will-serve commitments under the 1994 Agreement, as amended by the First and Second Amendments, for any industrial or commercial development located within Section 4, Section 6, and the NE ¼ of the NW ¼ of Section 8 of Township 20 North, Range 25 East, M.D.B.&M. Sonterra acknowledges and agrees that the City may withhold will-serve commitments for any eligible property that is not currently located within the city limits until such time as Sonterra annexes such property into the City. Sonterra further acknowledges and agrees that the Remaining Credits, as defined in Section 4, shall not be transferrable to other properties not specifically identified herein whether or not such properties are located within the Fernley city limits.
Eligible Property. The Project qualifies as Eligible Property under Act 381.
Eligible Property. Property which is eligible for a Banking Agreement must either be (a) unimproved real property, (b) real property with unoccupied single or multi-family residences, (c) vacant commercial or industrial property. A In the event that a tract of Property contains improvements which are to be demolished or removed, such Property may qualify as eligible Property for a Banking Agreement so long as adequate and sufficient funds are placed in escrow at the time of the Banking Agreement closing so as to assure that all improvements will be demolished and removed within sixty (60) days of closing. B Property that is ineligible for a Banking Agreement includes all other forms of improved real property, all real property which is occupied, real property that is tax delinquent, and all real property that has been identified by the United States Environmental Protection Agency, the Environmental Protection Division of the State of Georgia or the Georgia Department of Natural Resources as containing hazardous substances and materials demonstrated by the submission of an EPA Phase 1 or 2 assessment.
Eligible Property. A building located in the State of New York which is (i) an existing Single Family Dwelling, Two Family Dwelling, or Multiple Unit Dwelling (three or four unit dwelling) or
