, Consolidated Systems definition

, Consolidated Systems. The recourse o▇▇▇▇▇▇▇▇ns are not to a natural person, but are rather recourse to Corporate Property Associates 16-
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, Consolidated Systems. The borrower is permitted to release a small roadway in accordance with standard release provisions. Loans No. 226 and 227, NJ Office Portfolio- The Delmar Building and Four Winds Farm: These loans are cross-collatera▇▇▇▇▇ and cross-defaulted. The Lender has the right at any time to restructure the debt secured by this portfolio such that i) the Delmar Note is secured exclusively by the Delmar Property; ii) the F▇▇▇ ▇▇nds Note is secured exclusively by t▇▇ ▇▇▇r Winds Property and iii) the cross-default provisions of the loans are deleted. Representation No. 30: Junior Liens ----------------------------------- Loan No. 114, North Oaks Apartments: The property is subject to certain municipal bonds which are a junior lien on the property that is subordinated to the mortgage loan and is subject to a standstill agreement.
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Related to , Consolidated Systems

  • Consolidated Assets means all assets which should be listed on the consolidated balance sheet of the Borrower and its Subsidiaries, as determined on a consolidated basis in accordance with GAAP.

  • Consolidated Total Assets means, as of the date of any determination thereof, total assets of the Borrower and its Subsidiaries calculated in accordance with GAAP on a consolidated basis as of such date.

  • Consolidated Fixed Charges means, with respect to any Person for any period, the sum, without duplication, of:

  • 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 Cash Flow means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication: