CCPT III definition

CCPT III means ▇▇▇▇ Credit Property Trust III, Inc., a Maryland corporation, together with its successors; provided, however, after giving effect to its proposed name change, CCPT III shall be deemed to refer to ▇▇▇▇ Real Estate Investments, Inc.
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Examples of CCPT III in a sentence

  • Notwithstanding anything in this Section 7.06 to the contrary, CCPT III shall be permitted at all times to distribute the minimum amount of dividends necessary for CCPT III to maintain its tax status as a real estate investment trust.

  • Each notice pursuant to this Section 6.03 shall be accompanied by a statement of a Responsible Officer of CCPT III or the Borrower setting forth details of the occurrence referred to therein and stating what action the Borrower has taken and proposes to take with respect thereto.

  • Any personnel hired by Manager to maintain, operate and lease the Property shall be the employees or independent contractors of Manager and not of Owner of such Property, CCPT III OP or CCPT III.

  • Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Loan Party (other than CCPT III) to issue or have outstanding any shares of preferred Equity Interests or (b) create, acquire or permit to exist any Foreign Subsidiaries.

  • Use the proceeds of the Credit Extensions (i) to refinance the Indebtedness under the Existing Credit Agreement and to pay fees and expenses incurred in connection therewith and (ii) for working capital and general corporate purposes (including real estate acquisitions and the acquisition of the stock of CCPT III) not in contravention of any Law or of any Loan Document, including, without limitation, Regulation U of the FRB.

  • COP III shall not declare, make or pay any dividend or distribution if such dividend or distribution would otherwise cause any Event of Default or if an Event of Default has occurred and is continuing; provided, however, notwithstanding the foregoing, COP III may make distributions in the amount necessary to maintain the tax status of CCPT III as a real estate investment trust under Section 856 of the Code.

  • The Dividend Payout Ratio of CCPT III shall not, in any event, exceed ninety-five percent (95%).

  • Each Project Borrower is a wholly-owned Subsidiary of COP III (either directly and/or indirectly through a wholly-owned Subsidiary of COP III) or CCPT III.

  • Lender shall have received the most recent available financial statements of COP III and CCPT III.

  • As of the end of each fiscal quarter of CCPT III commencing with the fiscal quarter ending September 30, 2009, the ratio of EBITDA for the four (4) fiscal quarters ending on such date to Consolidated Debt Service for the four (4) fiscal quarters ending on such date shall not be less than 1.50:1.00.

Related to CCPT III

  • Special Purpose Subsidiary means any (a) not-for-profit Subsidiary, (b) captive insurance company or (c) Receivables Subsidiary and any other Subsidiary formed for a specific bona fide purpose not including substantive business operations and that does not own any material assets, in each case, that has been designated as a “Special Purpose Subsidiary” by the Borrower.

  • Portfolio Company means the issuer or obligor under any Portfolio Investment held by any Obligor.

  • Special Purpose Investment Personnel means each SEI Access Person who, in connection with his or her regular functions (including, where appropriate, attendance at Board meetings and other meetings at which the official business of a Trust or any Fund thereof is discussed or carried on), obtains contemporaneous information regarding the purchase or sale of a Security by a Fund. Special Purpose Investment Personnel shall occupy this status only with respect to those Securities as to which he or she obtains such contemporaneous information.

  • FSHCO means any Subsidiary that owns no material assets other than the Equity Interests of one or more Foreign Subsidiaries that are CFCs and/or of one or more FSHCOs.

  • Special Purpose Securitization Subsidiary means (i) a direct or indirect Subsidiary of the Borrower established in connection with a Permitted Securitization Financing for the acquisition of Securitization Assets or interests therein, and which is organized in a manner (as determined by the Borrower in good faith) intended to reduce the likelihood that it would be substantively consolidated with Holdings (prior to a Qualified IPO), the Borrower or any of the Subsidiaries (other than Special Purpose Securitization Subsidiaries) in the event Holdings (prior to a Qualified IPO), the Borrower or any such Subsidiary becomes subject to a proceeding under the U.S. Bankruptcy Code (or other insolvency law) and (ii) any subsidiary of a Special Purpose Securitization Subsidiary.