Available Property definition

Available Property means, as determined by the Calculation Agent, the aggregate of:

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Available Property means the real property described in a Property Record placed on CPIX which is either for sale or lease.

Available Property means all real property, buildings, improvements and fixtures owned or leased by the Borrower or any Subsidiary which are not subject to a Lien as of the Effective Date, after recordation of the Mortgages delivered on such date. To the extent that any real property, buildings, improvements and fixtures owned or leased by the Borrower or any Subsidiary, which do not constitute Available Property as of the Effective Date, become, after the Effective Date, unencumbered by the Lien of the Colorado Mortgages or such other Lien as the case may be, such real property, buildings, improvements and fixtures shall, on the date such Lien is released, become Available Property unless such property becomes encumbered by a Lien securing Permitted Refinancing Debt concurrently with the release of such Lien or within 60 days of such release; provided, that on or prior to the date such Lien is released, the Borrower shall have given written notice to the Agent of its intention to refinance the Debt secured by such Lien with Permitted Refinancing Debt. Any real property, buildings, fixtures or improvements which are leased by the Borrower after the Effective Date shall be considered Available Property if the subject lease does not prohibit the granting to the Agent of a Mortgage.

Examples of Available Property in a sentence

The Developer understands and agrees that the only sources of monies available to the Agency to pay the Subsidy payments are the Available Property Tax Increment monies actually received by the Agency from the Project Area based upon the value of the.
The Developer further understands that the Available Property Tax Increment monies can become available to the Agency only if and when the Improvements to be constructed and installed by the Developer on the Site, or improvements by others in the Project Area, are completed and have a current year Assessed Taxable Value which is greater than the “base year” Assessed Taxable Value of the Project Area.
Subject to Section 1.20 Subsidy and other provisions of this Agreement, 100% of the Available Property Tax Increment from each Tax Increment Year of the Subsidy Period shall be paid to the Developer until (i) the Maximum Aggregate Subsidy, as adjusted pursuant to the terms of this Agreement, has been paid, or (ii) the end of the Subsidy Period, whichever occurs first.
The Subsidy payments to be made by the Agency to the Developer are secured solely by a pledge of the Agency of the agreed upon percentage of the Available Property Tax Increment the Agency actually received for the Project Area for the Subsidy Period and the Available Sales Tax Proceeds actually received by the Agency from the City pursuant to the Interlocal Agreement.
In the event that Landlord does not sell the Available Property within such twelve (12) month period, then, subject to the provisions of Section 46(f) below, the provisions of this Section 46 shall again be in full force and effect.
Prior to listing or offering the Premises, the Demised Space or any other area of the Premises (collectively, the “Available Property”) to a third party for sale or lease, Landlord shall notify Tenant that the Available Property will be available and Tenant shall have ten (10) days to make a binding, good faith offer to Landlord for such Available Property before Landlord accepts any other offer for it.
If any real property, buildings, fixtures, equipment or improvements owned or leased by the Borrower or any Subsidiary become Available Property, promptly, but in any event within 30 days, provide written notice thereof to the Agent, setting forth with specificity a description of such property or interest acquired, the location of the property interest, any structures or improvements thereon and an appraisal or its good faith estimate of the current fair market value of such property or interest.
The Agency shall have, receive and retain 2.5% of the Available Property Tax Increment received from the Project Area for each Tax Increment Year, to pay the Agency’s administrative, consulting, legal and other Agency costs and expenses, and other obligations incurred or to be incurred.
If at any time after the date hereof, any existing Lien or sale-leaseback arrangement which prevents the further mortgaging of any real property of the Borrower or any Subsidiary, shall for any reason no longer prevent such further mortgaging, then such property shall also be deemed an Available Property or an After-Acquired Property for purposes of this Section 8.28.
In addition, if at any time prior to the conveyance of fee title to any Available Property to the Company, AH LLC determines that any representation made by AH LLC herein with respect to any Available Property would be inaccurate, then AH LLC may elect to remove such Available Property.

More Definitions of Available Property

Available Property means the property that is to be available to pay Creditors' Claims as set out in clause 6 of this proposal;

Available Property means, as determined

Available Property means all real property, buildings, improvements and fixtures owned or leased by the Borrower or any Subsidiary which are not subject to any Lien constituting a mortgage, security interest or pledge securing Debt, including (without limitation) the properties listed on Schedule III and properties held for resale by the Borrower. To the extent that any real property, buildings, improvements and fixtures owned or leased by the Borrower or any Subsidiary, which do not constitute Available Property as of the date hereof, become, after the date hereof unencumbered by the Lien which constituted a mortgage, security interest, or pledge securing Debt, such real property, buildings, improvements and fixtures shall, on the date such Lien is released, become Available Property unless such property becomes encumbered by a Lien securing Permitted Refinancing Debt concurrently with the release of such Lien or within 60 days of such release; provided, that on or prior to the date such Lien is released, the Borrower shall have given written notice to the Administrative Agent of its intention to refinance the Debt secured by such Lien with Permitted Refinancing Debt. Any real property, buildings, fixtures or improvements which are leased by the Borrower shall be considered Available Property if the subject lease does not prohibit the granting to the Administrative Agent of a Mortgage. If the subject lease contains such a prohibition, such property shall be considered Available Property upon the Borrower's obtaining a landlord's consent to a Mortgage, which the Borrower agrees to use its reasonable best efforts to obtain.

Available Property means the property that is to be available to pay Creditors’ Claims of Class A Creditors and Class B Creditors under this proposal as set out in clause 6 of this proposal;

Available Property means, as determined by the Calculation Agent, the aggregate of:(i) the Underlying Assets and/or the net proceeds of realisation thereof as provided in accordance with paragraph 63 (Net proceeds of realisation of Charged Assets) below;(ii) any cash redemption proceeds received by the Issuer in respect of the Underlying Assets;(iii) (1) any amounts received by the Issuer upon termination of the Asset Swap Agreement and (2) any cash credit support and the proceeds of liquidating any non-cash credit support available to the Issuer under the Credit Support Annex.The Available Property may consist of physical assets and cash.“Early Redemption Amount Determination Period” means the period from, and including, the date of delivery of a notice (which the Calculation Agent shall promptly deliver) following an Early Redemption Event (other than an Underlying Early Redemption) up to, and including, the fifth Business Day thereafter.“Early Redemption Date” means the third Business Day after the Early Redemption Amount is determined. GENERAL PROVISIONS APPLICABLE TO THE NOTES 38. Form of Notes: Bearer Notes

Available Property means the real property described in a Property Record placed on MassCIE which is either for sale or lease.