Additional Collateral Property definition

Additional Collateral Property means (a) each property listed on Schedule 6.15 as an “Additional Collateral Property”, together with all “Mortgaged Property” defined in the Mortgages with respect to such project and (b) any other property that is satisfactory to the Required Lenders in their sole discretion.
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Additional Collateral Property means each Real Property Asset that (i) is an Approved Property and (ii) is made a Collateral Property pursuant to Sections 3.2 and 3.3 hereof .
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Additional Collateral Property means a property located in the continental United States as to which the entire fee estate or leasehold estate therein is wholly-owned and controlled by Borrower and which includes one or more fully constructed office buildings, the location and type of improvements of which have been approved by Agent.
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Examples of Additional Collateral Property in a sentence

  • On each Property Closing Date (other than a Closing Date relating to a Substitute Property), Borrower shall pay to Lender a non-refundable additional Collateral Property fee (the "ADDITIONAL COLLATERAL FEE") in the amount of one percent (1.00%) of the Allocated Loan Amount for such Additional Collateral Property.

  • To the extent the Completed Loan Request is for a funding based upon any New Collateral Property being part of the Borrowing Base, the Agent shall have determined that the Collateral Property Conditions and the Additional Collateral Property Conditions have been satisfied with respect to such New Collateral Property.

  • Any property so approved by the Majority Lenders as a replacement of or addition to the Collateral (a “New Collateral Property”) shall secure the Loans and shall be included in the calculation of Borrowing Base Value upon satisfaction of all of the Collateral Property Conditions and the Additional Collateral Property Conditions.