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.
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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 ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇, (iv) (a) the Westchase, Energy Corridor, Greenway Plaza or Galleria neighborhoods of Houston, Texas or (b) the ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇, (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.
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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.

  • One Borrowing Base Property (the "Exception Property") (but not more than one property), which property can differ from time to time, as designated by Borrower) can constitute up to 25% of the Borrowing Base Value, PROVIDED that the Exception Property (i) must be CBD Property, and (ii) may not be a hotel property.

  • 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.

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

  • It is further acknowledged that ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ may constitute up to 46% of the Borrowing Base Value, PROVIDED that ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ must at all times meet the requirements of a Borrowing Base Property and must be a CBD Property.

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

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

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

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