Disqualified Property definition

Disqualified Property means any Property that fails to constitute an Eligible Property (after the lapse of any applicable Cure Period).

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Disqualified Property means as defined in Section 4.2.

Disqualified Property means any Financed Property that no longer qualifies as an Eligible Property.

Examples of Disqualified Property in a sentence

• No Yield Maintenance Premium shall be owing on any such prepayment unless such Property became a Disqualified Property as a result of a Voluntary Action.

• If a Disqualified Property is released in accordance with the conditions set forth in this Section 2.5, then the release of such Property shall be deemed to cure each potential Event of Default that relates solely to such Disqualified Property (a “Qualified Release Property Default”).

• If at any time any Property shall become a Disqualified Property, Borrowers shall, no later than the close of business on the fifth (5th) Business Day following the last day of the applicable cure period, give notice thereof to Lenders and prepay the Debt in the applicable Release Amount with respect to such Property.

More Definitions of Disqualified Property

Disqualified Property means any Property (i) which fails to constitute an Eligible Property and such breach continues uncured for more than fifteen (15) days from the date on which Borrower has actual knowledge of such failure or (ii) with respect to which any other breach exists under the Loan Documents that applies to such Property (but not to the Properties generally) to the extent that such breach would reasonably be expected to result in an Individual Material Adverse Effect with respect to such Property.

Disqualified Property means property that:

Disqualified Property means property acquired by the liquidating corporation in a 351 or 118 transaction (capital contribution) within 5 years of the distribution date.

Disqualified Property means any Property that fails to constitute an Eligible Property (after the lapse of any applicable Cure Period). “Eligibility Funds” has the meaning set forth in Section 6.5.1.

Disqualified Property means any Financed Property that no longer qualifies as an Eligible Property. ​

Disqualified Property means any Property that fails to constitute an Eligible Property (after the lapse of any applicable Cure Period). “DSCR Period” means, (i) with respect to Component E1, a Component D DSCR Period, (ii) with respect to Component E2, a Component E1 DSCR Period and (iii) with respect to whether a Trigger Period has occurred and is continuing, a Low DSCR Period.

Disqualified Property means any Property that fails to constitute an Eligible Property (after the lapse of any applicable Cure Period) as determined by Lender in its sole discretion, it being understood that Lender may determine upon written notice to Borrower not less than five (5) Business Days prior to the end of any applicable Cure Period (or, if no Cure Period exists, within ten (10) Business Days after receipt of the notice to be provided by Borrower pursuant to Section 4.3.7) that, even though a Property is not an Eligible Property, such Property shall not constitute a “Disqualified Property” for any purpose under this Agreement (provided that Lender may revoke such determination at any time upon not less than fifteen (15) Business Days’ prior written notice to Borrower).