Construction Assets definition

Construction Assets means resources used for the construction of roads, bridges or public transportation projects.
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Construction Assets all of the Assets utilized immediately prior to the Exchange Date by any member of the Construction Group in connection with the Construction Business. Construction Business: all of the businesses and operations conducted at, or at any time before, the Exchange Date by PKS or any Subsidiary of PKS, the principal focus of which are or were construction or construction management activities.' Construction Group: PKS Holdings, KCG and the Subsidiaries of KCG as of the Exchange Date.
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Construction Assets means all of the Assets utilized immediately prior to the Effective Date by any member of the Construction Group in connection with the Construction Business.
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Examples of Construction Assets in a sentence

  • For purposes of this Section 8.18 the book value of any New Construction Assets not owned 100%, directly or indirectly, by the Borrower or any of its Subsidiaries shall be adjusted by multiplying the same by the Borrower’s Interest in such New Construction Asset during the fiscal quarter of the Borrower ending as of any date of determination of such book value.

  • Engage, directly or indirectly, or permit any Subsidiary or Joint Venture to engage, in the ground-up development of Real Property except for the ground-up development of New Construction Assets to be used principally as a retail shopping center, provided that the book value of New Construction Assets by Borrower and its Subsidiaries and Joint Ventures shall not at any time exceed fifteen percent (15%) of the Borrower’s Adjusted Consolidated Total Assets.

  • Engage, directly or indirectly, or permit any Subsidiary or Joint Venture to engage, in the ground-up development of Real Property except for the ground-up development of New Construction Assets to be used principally as a retail shopping center, provided that the cost of New Construction Assets by Borrower and its Subsidiaries and Joint Ventures shall not at any time exceed fifteen percent (15%) of the Borrower’s Adjusted Consolidated Total Assets.

  • For purposes of this Section 8.18, the book value of any New Construction Assets not owned 100%, directly or indirectly, by the Borrower or any of its Subsidiaries shall be adjusted by multiplying the same by the Borrower’s Interest in such New Construction Asset during the fiscal quarter of the Borrower ending as of any date of determination of such book value.

  • Engage, directly or indirectly, or permit any Subsidiary or Joint Venture to engage, in the ground-up development of Real Property except for the ground-up development of New Construction Assets to be used principally as a retail shopping center, provided that the book value of New Construction Assets owned by the Borrower and its Subsidiaries and Joint Ventures shall not at any time exceed fifteen percent (15%) of the Borrower’s Adjusted Consolidated Total Assets.

  • The aggregate amount of the investments of the Borrower and its Consolidated Subsidiaries in unimproved real property, excluding Construction Assets, will at no time exceed 10% of Gross Asset Value.

  • Engage, directly or indirectly, or permit any Subsidiary or Joint Venture to engage, in the ground-up development of Real Property except for the ground-up development of New Construction Assets to be used principally as a retail shopping center, provided that the book value of New Construction Assets by Borrower and its Subsidiaries and Joint Ventures shall not at any time exceed fifteen percent (15%) of the Borrower's Adjusted Consolidated Total Assets.

  • For purposes of this Section 8.18 the book value of any New Construction Assets not owned 72 100%, directly or indirectly, by the Borrower or any of its Subsidiaries shall be adjusted by multiplying the same by the Borrower's Interest in such New Construction Asset during the fiscal quarter of the Borrower ending as of any date of determination of such book value.

  • In furtherance of the preceding, ▇▇▇▇▇▇ agrees to use commercially reasonable efforts to cause the completion and delivery of the Under Construction Assets on or before January 1, 2026 (the “Outside Date”), and ▇▇▇▇▇ agrees to use commercially reasonable efforts to complete the testing, commissioning and deployment of the Under Construction Assets within 30 days after delivery to Buyer.

  • The aggregate --------------------------------------- amount of the investments of the Borrower and its Consolidated Subsidiaries in unimproved real property, excluding Construction Assets, will at no time exceed 10% of Gross Asset Value.


More Definitions of Construction Assets

Construction Assets means, as of any date, the Real Property Assets listed on Exhibit C attached hereto and made a part hereof, subject to adjustment, each of which is not subject to any Lien, unless the same is being contested in good faith and the same is discharged, bonded or paid off within sixty (60) days of the filing of such Lien, on which construction of improvements has begun (as evidenced by foundation excavation) but have not yet been substantially completed (as such completion shall be evidenced by (i) being not less than 90% complete, (ii) the issuance of a permanent certificate of occupancy or its equivalent, (iii) the commencement of the payment of rent by tenants of such Real Property Asset and (iv) being more than 85% leased to tenants).
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Construction Assets means (i) any Property which is raw land, vacant out-parcels, or Property on which construction of material improvements has commenced and is continuing to be performed (such commencement evidenced by foundation excavation) but has not yet been (a) completed (as evidenced by a certificate of occupancy permitting use of such Property by the general public) and (b) opened for business for one (1) full fiscal quarter, and (ii) any other non-income producing real estate investment, but excluding any Redevelopment Assets or Acquisition Assets.
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Construction Assets means any Property which is raw land, vacant out-parcels, or Property on which construction of material improvements has commenced and is continuing to be performed (such commencement evidenced by foundation excavation) but has not yet produced one full quarter of EBITDA (as such completion shall be evidenced by such Property being opened for business to the general public) and any other non-income producing real estate investment.
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Construction Assets means any Property which is raw land, vacant out parcels, or Property on which construction of material improvements has commenced and is continuing to be performed (such commencement evidenced by foundation excavation) but has not yet produced one full quarter of EBITDA (as such completion shall be evidenced by such Property being opened for business to the general public) and any other non-income producing real estate investment.
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Construction Assets. [all of the Assets held or utilized immediately prior to the Exchange Date by any member of the Construction Group, and any Assets held by any member of the Diversified Group that is employed primarily in the Construction Business.]
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Related to Construction Assets

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • construction site means a workplace where construction work is being performed;

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • Construction Activities means construction of ramp(s), boundary wall and other constructions by the bidder / contractor at the TSs as per the design and specifications agreed by the Procuring Agency.