CBD Property definition

CBD Property means a Property located within the central business district of (a) any of largest 20 MSA’s or (b) Denver, Colorado; Cleveland, Ohio; Indianapolis, Indiana or Austin, Texas. Determination of whether a Property qualifies as a CBD Property shall be subject to the Administrative Agent’s reasonable approval.
CBD Property means each Property of the Borrower or any other Loan Party located within (i) the Midtown or Buckhead neighborhoods of Atlanta, Georgia, (ii) the Central Business District of Philadelphia, Pennsylvania, (iii) the Xxxxxxx Xxxxxxxx Xxxxxxxx xx Xxxxxx, Xxxxx, (iv) (a) the Westchase, Energy Corridor, Greenway Plaza or Galleria neighborhoods of Houston, Texas or (b) the Xxxxxxx Xxxxxxxx Xxxxxxxx xx Xxxxxxx, Xxxxx, (v) the Central Business District of Phoenix, Arizona, (vi) Tempe, Arizona, (vii) the Central Business District of Charlotte, North Carolina, (viii) the South Beach and Brickell neighborhoods of Miami, Florida, (ix) Coral Gables, Florida, (x) the Central Business District of Fort Lauderdale, Florida or (xi) the Central Business District of Miami, Florida. Determination of whether a Property qualifies as a CBD Property shall be subject to the Administrative Agent’s reasonable approval.

Examples of CBD Property in a sentence

  • Each of the Real Estate Assets listed on Schedule 4 and each other Real Estate Asset which is designated by the Agent and the Borrower as a CBD Property from time to time.

  • Collectively, (a) any Real Estate listed on Schedule CBD attached hereto, (b) any improved Real Estate which is located in the borough of Manhattan in New York, New York, Jersey City, New Jersey, Washington, D.C., or San Francisco, California acquired after July 14, 2006, and (c) any other improved Real Estate which is located in markets with characteristics similar to those identified in clause (b) and is designated by the Administrative Agent and the Borrower as a CBD Property from time to time.

  • Upon delivery of such Officers’ Certificate to the Trustee, such property shall be a CBD Property for all purposes of this Eighth Supplemental Indenture.

  • In accordance with Section 2.19 of the Eleventh Supplemental Indenture, each such property listed on such schedule shall be a CBD Property for all purposes of the Eleventh Supplemental Indenture.

  • Upon delivery of such Officers’ Certificate to the Trustee, such property shall be a CBD Property for all purposes of this Fifteenth Supplemental Indenture.

  • The Agent hereby acknowledges that, as of the date hereof, 000 Xxxxxxxxxx Xxxxxx is a CBD Property.

  • For any Real Estate, a percentage equal to (a) if such Real Estate is a CBD Property, 6.50% or (b) otherwise, 7.25%.

  • In accordance with Section 2.19 of the Fifteenth Supplemental Indenture, each such property listed on such schedule shall be a CBD Property for all purposes of the Fifteenth Supplemental Indenture.

  • In accordance with Section 2.19 of the Twelfth Supplemental Indenture, each such property listed on such schedule shall be a CBD Property for all purposes of the Twelfth Supplemental Indenture.

  • For any Real Estate, a percentage equal to (a) if such Real Estate is a CBD Property, 6.75% or (b) otherwise, 7.50%.

Related to CBD Property

  • Qualified Property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.

  • Leasehold Property means any leasehold interest of any Credit Party as lessee under any lease of real property, other than any such leasehold interest designated from time to time by Collateral Agent in its sole discretion as not being required to be included in the Collateral.

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • Release Property shall have the meaning set forth in Section 2.6 hereof.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Developed Property means all Assessor’s Parcels of Taxable Property for which Building Permits were issued on or before May 1 of the prior Fiscal Year, provided that such Assessor's Parcels were created on or before January 1 of the prior Fiscal Year and that each such Assessor's Parcel is associated with a Lot, as determined reasonably by the Board.

  • Acquired Property shall have the meaning set forth in Section 5.1.10(h)(i) hereof.

  • Excluded Property shall have the meaning set forth in the Security Agreement.

  • Real Property Assets means as to any Person as of any time, the real property assets (including, without limitation, interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Transferred Property shall have the meaning specified in Section 2.1(a) hereof.

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • New property means (i) the assessed value, after final

  • Hotel Property means a Property on which there is located an operating hotel.

  • Owned Property has the meaning set forth in Section 4.10(a).

  • Additional Property means, in respect of a Series, the rights and benefits provided in respect of the Series, or applicable Class, pursuant to any letter of credit, surety bond, cash collateral account, spread account, guaranteed rate agreement, maturity liquidity facility, tax protection agreement, interest rate and/or currency swap agreement, loan agreement, enhancement agreement or other similar arrangement as contemplated under the Pooling and Servicing Agreement and as provided for in the related Series Purchase Agreement.

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Covered Property is the address stated on your Agreement Coverage Summary Page. • “Domestic-grade” Items are those that were designated by the manufacturer, manufactured and marketed solely for installation and use in a residential single family dwelling.

  • Material Leasehold Property means a Leasehold Property reasonably determined by Administrative Agent to be of material value as Collateral or of material importance to the operations of Company or any of its Subsidiaries.

  • Leased Properties has the meaning set forth in Section 3.1(n)(ii).

  • Specified Property means property for which an election has been made for a special elective benefit.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Closing Date pursuant to Section 5.11(c).

  • After-Acquired Property means any and all assets or property acquired after the date of this Indenture, including any property or assets acquired by the Company or a Guarantor from another Guarantor, which in each case constitutes Collateral.