Consolidated Operating Partnership definition

Consolidated Operating Partnership means the Borrower, the General Partner and any other subsidiary partnerships or entities of either of them which are required under GAAP to be consolidated with the Borrower and the General Partner for financial reporting purposes.
Sample 1Sample 2Sample 3
Consolidated Operating Partnership means, collectively, the Issuer, the General Partner and any other subsidiary partnerships or entities of either of them which are required under GAAP to be consolidated with the Issuer and the General Partner for financial reporting purposes.
Sample 1Sample 2Sample 3
Consolidated Operating Partnership means the Borrower, the General Partner and any other subsidiary partnerships or entities of either of them which are required under GAAP to be consolidated with the Borrower and the General Partner for financial reporting purposes. "CONSOLIDATED SECURED DEBT" means, as of any date of determination, (i) the aggregate principal amount of all Indebtedness of the Consolidated Operating Partnership, plus the allocable portion of all Indebtedness of any Investment Affiliate, whether recourse or non-recourse, equal to the applicable economic interest in such Investment Affiliate held by any entity in the Consolidated Operating Partnership, all of which Indebtedness is outstanding at such date and secured by a Lien on any asset or Capital Stock, including without limitation loans secured by mortgages, stock, or partnership interests, PLUS, without duplication, (ii) the aggregate principal amount of all Indebtedness of any Investment Affiliate which Indebtedness is outstanding at such date and not secured by a Lien on any asset or Capital Stock but only to the extent same is recourse to the Borrower or any other entity in the Consolidated Operating Partnership. "CONSOLIDATED NET WORTH" means, as of any date of determination, the stockholders' equity as shown on the balance sheet of the General Partner as of that date. "CONSOLIDATED TOTAL INDEBTEDNESS" means, as of any date of determination, (i) all Indebtedness of the Consolidated Operating Partnership outstanding at such date, determined in accordance with GAAP, after eliminating intercompany items, PLUS (ii) the allocable percentage of any Indebtedness of any Investment Affiliate outstanding at such date equal to the applicable economic interest in such Investment Affiliate held by any entity in the Consolidated Operating Partnership, in the aggregate, without duplication.
Sample 1

Examples of Consolidated Operating Partnership in a sentence

  • The Borrower, General Partner and/or Consolidated Operating Partnership, as the case may be, is not in compliance with any one or more of Sections 8.10, 8.13, 9.3, 9.4, 9.5, 9.6, 9.8, 9.9, 9.10 or 9.11 hereof.

  • Maintain adequate books, accounts and records in order to provide financial statements in accordance with GAAP and, if requested by any Lender, permit employees or representatives of such Lender at any reasonable time and upon reasonable notice to inspect and audit the properties of Borrower and of the Consolidated Operating Partnership, and to examine or audit the inventory, books, accounts and records of each of them and make copies and memoranda thereof.

  • To the extent the Consolidated Operating Partnership has Defeased Debt, both the underlying debt and interest payable thereon and the financial assets used to defease such debt and interest earned thereon shall be excluded from calculations of the foregoing financial covenants.


More Definitions of Consolidated Operating Partnership

Consolidated Operating Partnership means the Borrower, the General Partner, the Company and any other subsidiary partnerships or entities of either of them which are required under GAAP to be consolidated with the Borrower and the General Partner for financial reporting purposes.
Sample 1

Related to Consolidated Operating Partnership

  • Consolidated Assets means, at a particular date, all amounts which would be included under total assets on a consolidated balance sheet of the Company and its Subsidiaries as at such date, determined in accordance with GAAP.

  • Consolidated Subsidiaries means each Subsidiary of the Borrower (whether now existing or hereafter created or acquired) the financial statements of which shall be (or should have been) consolidated with the financial statements of the Borrower in accordance with GAAP.

  • Consolidated Net Worth means at any time the consolidated stockholders’ equity of the Borrower and its Subsidiaries calculated on a consolidated basis as of such time.

  • Net Operating Income With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.