Development Properties definition

Development Properties. An existing property that is undergoing renovation or redevelopment that either (i) disrupts at least 30% of the occupancy of the property, or (ii) temporarily reduces the NOI of the property by more than 30%; provided that a property will not be considered a Development Property after it has an occupancy rate of at least 80%.

Development Properties means Real Estate comprised of multi-family projects under construction, or in pre-construction phases of the development process, but not yet completed.

Development Properties means any Real Property Assets which are 100% owned in fee (or leasehold pursuant to a Financeable Ground Lease) by the Borrower, the General Partner or any of their Consolidated Subsidiaries and which are not subject to any Lien (other than Permitted Liens), and which are under development or redevelopment, provided that Real Property Assets shall cease to be Development Properties as of the earlier to occur of (a) the date which is eighteen (18) months after Completion of Construction thereof, and (b) the first fiscal quarter in which the occupancy rate of the applicable Development Property has averaged eighty-five percent (85%) or more.

Examples of Development Properties in a sentence

• The City agrees that, consistent with the LRPMP, in connection with the conveyance of any of the Development Properties, the City will remit the Net Unrestricted Proceeds to the Alameda County Auditor-Controller for distribution to the Taxing Entities in accordance with each Taxing Entity’s pro rata share of the Tax Base.

• Hendersonville Hospital Corporation Hospital Corporation of Tennessee Hospital Corporation of Utah Hospital Development Properties, Inc.

• The Parties acknowledge that City is obligated to convey the Development Properties for development consistent with the Plans.

• The Parties agree that the sale of the Development Properties pursuant to the Plan for development will benefit each of the Taxing Entities in the form of increased property tax revenue and other revenue generated by successful development and other social and economic benefits.

• Consistent with the above LRPMP provision, if a court order, legislation or DOF policy reverses the DOF requirement, the Parties acknowledge that it will not be necessary for the City to pay compensation to the Taxing Entities for the sale of the Development Properties.

More Definitions of Development Properties

Development Properties shall have the meaning set forth in Section 3.11(j).

Development Properties means all real property owned by any Group Company (other than Tallinna Moekombinaat) from time to time for property development purposes (Sw. utvecklingsfastigheter), including inventories (i.e., property (other than Investment Property) held for resale or property being under development) and property, plant and equipment (i.e., land and buildings held for providing services or for administrative purposes).

Development Properties means those Properties being developed or redeveloped but excludes Properties undergoing intensification activities, consisting of the construction of additional buildings on existing assets and modifications to existing buildings, as well as the redevelopment of mixed-use properties.

Development Properties means any ground-up developments, including consolidated or unconsolidated properties, which were not owned (in whole or in part) by Parent, Borrower or their Subsidiaries as of April 30, 2012. Notwithstanding the foregoing, any such property which achieves an Occupancy Rate of 85% shall no longer be a Development Property and, for purposes of clarity, any purchase by Parent, Borrower or their Subsidiaries of an interest of a joint venture partner in a ground-up development that was owned in part by Parent, Borrower or their Subsidiaries as of April 30, 2012, shall not be a Development Property as a result of such purchase.

Development Properties means the Lugushwa Property and the Kamituga Property.

Development Properties means all parcels of real property which are either (a) not developed; or (b) which are in the process of being developed; provided, that (i) to the extent any such parcel of real property is being developed for use as leased property and (ii) eighty-five percent (85.0%) or more of the projected final gross leasable space contained therein is occupied by tenants under leases pursuant to which all free rent periods have expired and rental payments have commenced, such real property shall no longer constitute a Development Property.

Development Properties means all Properties owned by any Group Company from time to time for property development purposes (Sw. utvecklingsfastigheter).