Financeable Tower Property definition

Financeable Tower Property a Tower Property with respect to which the Borrower has satisfied all of the Financeability Requirements.
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Examples of Financeable Tower Property in a sentence

  • Upon the Acquisition thereof or the date on which the Borrower represents to the Administrative Agent such Tower (or Tower Property, as the case may be) acquired by the Borrower on or after the Operative Date is a Financeable Tower Property, the Borrower shall be deemed to make each representation and warranty set forth in Sections 4.23 through 4.29 with respect to such Tower (or Tower Property, as the case may be).

  • In addition, the Tower Cash Flow from any Tower acquired by the Borrower on or after the Operative Date which is not a Financeable Tower Property upon Acquisition shall not, until such Tower becomes a Financeable Tower Property, be included in Aggregate Tower Cash Flow.

Related to Financeable Tower Property

  • Financeable Ground Lease means, a ground lease reasonably satisfactory to the Administrative Agent on behalf of the Lenders, which must provide customary protections for a potential leasehold mortgagee (“Mortgagee”) such as (i) a remaining term, including any optional extension terms exercisable unilaterally by the tenant, of no less than 25 years, (ii) a provision that the ground lease will not be terminated until the Mortgagee has received notice of a default, has had a reasonable opportunity to cure and has failed to do so, (iii) provision for a new lease to the Mortgagee as tenant on the same terms if the ground lease is terminated for any reason, (iv) transferability of the tenant’s interest under the ground lease by the Mortgagee without any requirement for consent of the ground lessor unless based on delivery of customary assignment and assumption agreements from the transferor and transferee, (v) the ability of the tenant to mortgage tenant’s interest under the ground lease without any requirement for consent of the ground lessor and (vi) provisions that the tenant under the ground lease (or the leasehold mortgagee) has customary protections with respect to the application of insurance proceeds or condemnation awards attributable to the tenant’s interest under the ground lease and related improvements.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • Real Estate means all Leases and all land, together with the buildings, structures, parking areas, and other improvements thereon, now or hereafter owned by any Loan Party, including all easements, rights-of-way, and similar rights relating thereto and all leases, tenancies, and occupancies thereof.

  • Real Estate Leases has the meaning set forth in Section 2.1(d)(ii).