Initial Collateral Properties definition

Initial Collateral Properties means (a) the Boston Hyatt, (b) the Checkers Hilton Hotel in Los Angeles, California, (c) the Anaheim Courtyard by Marriott Hotel in Anaheim, California and (d) the Xxxxxx Marriott Hotel in Newton, Massachusetts.
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Initial Collateral Properties means the six (6) Collateral Properties identified in Schedule II hereto.
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Initial Collateral Properties means those certain Projects listed in Schedule 1 attached hereto.
Sample 1

Examples of Initial Collateral Properties in a sentence

  • On the Effective Date, the Initial Collateral Properties shall be the sole Collateral Properties.

  • With respect to the Initial Advance only, Bank shall have Acceptable Appraisals on the Initial Collateral Properties reflecting an aggregate Appraised Value of not less than twice the Initial Term Loan Amount and an aggregate Appraised NOI in an amount that is not less than the Initial Term Loan Amount divided by 6.40.

  • Borrower shall have the option to order updates to the Appraisals of the Initial Collateral Properties to be delivered to the Administrative Agent for distribution to the Lenders not later than September 30, 2009.

  • For all testing periods above, both EBITDA and Fixed Charges shall be adjusted upwards in a manner acceptable to the Agent to assume the Initial Collateral Properties were acquired on April 1, 2017.

  • With the new plant a good growth in the profitability of the Company is expected.Real Estate Business is stable as in earlier years.

  • The Agent shall have received from the Borrower true copies of all Initial Collateral Property Leases, if any, all material Service Agreements relating to any Initial Collateral Properties, and all Organizational Documents.

  • Without prior written notice to Administrative Agent, except with respect to the trademarks, trade names, service marks or logos listed on Schedule 6.6 or in any Mortgage with respect to any Collateral Property other than the Initial Collateral Properties, none of the Collateral Properties shall be owned or operated by any Borrower under any trademark, trade name, service mark or logo.

  • The Administrative Agent shall have received a copy of all recorded documents with respect to the Initial Collateral Properties since the documents referred to, or listed as exceptions to title in, the title policy or policies referred to in Section 4.1(k) and a copy, certified by such parties as the Administrative Agent may deem appropriate, of all other documents affecting the property covered by each Mortgage.

  • The Agent (on behalf of the Lenders) shall have received a Title Policy for each of the Initial Collateral Properties, if any.

  • The Agent shall have received hazardous waste site assessment reports running in favor of the Agent and the Lenders concerning Hazardous Substances (or the threat thereof) and asbestos with respect to the Initial Collateral Properties, if any, dated no earlier than 30 days prior to the Closing Date (or such longer period of time as may be approved by the Agent), from environmental engineers acceptable to the Agent, such reports to be in form and substance satisfactory to the Agent and each of the Lenders.


More Definitions of Initial Collateral Properties

Initial Collateral Properties means (a) the Boston Hyatt, (b) the Checkers Hilton Hotel in Los Angeles, California, (c) the Anaheim Courtyard byMarriott Hotel in Anaheim, California and (d) the Newton Marriott Hotel in Newton, Massachusetts.
Sample 1
Initial Collateral Properties means the Collateral Properties listed on Schedule 5.08 as of the Closing Date.
Sample 1
Initial Collateral Properties the collective reference to the Bxxxxxx Collateral Properties, the New York Square Property, the Service Merchandise Plaza Property and the Wolfchase BB&B Property, all of which shall be included as Collateral Properties on the Effective Date.
Sample 1
Initial Collateral Properties means the properties identified as such on Schedule A hereto.
Sample 1

Related to Initial Collateral Properties

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.

  • Borrowing Base Properties means the Oil and Gas Properties of the Loan Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 8.12.

  • Initial Collateral Amount means $1,000,000,000, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

  • Borrowing Base Property means any one of the Borrowing Base Properties.

  • Additional Collateral Loan Each Mortgage Loan that is supported by Additional Collateral.

  • Closing Date Mortgaged Property as defined in Section 3.1(h).

  • Additional Collateral Documents as defined in the Base Intercreditor Agreement.

  • Unencumbered Properties means each Acceptable Property that either (a) is an Initial Unencumbered Property or (b) becomes an Unencumbered Property pursuant to Section 4.03, and “Unencumbered Property” means any one of the Unencumbered Properties.

  • Original Collateral Sale Date means 8 December 2020.

  • Mortgaged Real Property means any parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Excluded Property shall have the meaning set forth in the Security Agreement.

  • Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

  • Additional Property means, in respect of a Series, the rights and benefits provided in respect of the Series, or applicable Class, pursuant to any letter of credit, surety bond, cash collateral account, spread account, guaranteed rate agreement, maturity liquidity facility, tax protection agreement, interest rate and/or currency swap agreement, loan agreement, enhancement agreement or other similar arrangement as contemplated under the Pooling and Servicing Agreement and as provided for in the related Series Purchase Agreement.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • Initial Properties means collectively the Properties listed on Schedule 1.1 and “Initial Property” means any of such Properties.

  • Additional Collateral Mortgage Loan Each Mortgage Loan identified as such in the Mortgage Loan Schedule.

  • Borrowing Base Assets means a collective reference to all Borrowing Base Assets in existence at any given time.

  • Collateral Pool means the aggregate total of the Collateral.

  • UCC Collateral is defined in Section 3.03.

  • Current Asset Collateral means all the “ABL Priority Collateral” as defined in the ABL Intercreditor Agreement.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • After-Acquired Property means any property (other than Collateral or Excluded Property) that is acquired or otherwise owned by the Company or any Subsidiary after the Issue Date of a type that secures the Secured Obligations.

  • Additional Mortgaged Property shall have the meaning provided in Section 8.11(a).