Initial Collateral Property definition

Initial Collateral Property has the meaning given that term in the Second Amendment.
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Initial Collateral Property has the meaning given that term in the Third Amendment.
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Initial Collateral Property means each Property listed on Schedule 1.1(e) attached hereto.
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Examples of Initial Collateral Property in a sentence

  • On the date the Extension Request is given and on the then applicable Revolving Credit Maturity Date (as determined without regard to such extension), the Initial Collateral Property shall be at least 80% leased.

  • 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.

  • Each tenant at an Initial Collateral Property whose lease departs from such provision in such standard lease form and requires Lender to execute and deliver, as a condition to such subordination, a non-disturbance agreement with respect thereto is listed as a "SNDA Tenant" on Schedule I hereto.

  • The Lenders shall have completed their diligence review of each Initial Collateral Property.

  • The Borrower shall have delivered to the Agent, to the extent required by the Agent, a subordination agreement satisfactory to Agent from each of the counterparties to any property management agreement or leasing agreement entered into in connection with an Initial Collateral Property, if any.

  • Copies of all material contracts and agreements relating to each Initial Collateral Property, under which the Borrower is obligated to pay more than $50,000 per year, including all material service contracts and management or operating agreements covering or affecting each Initial Collateral Property, and all permits, approvals and licenses issued with respect to each Initial Collateral Property.

  • A written market study of each Initial Collateral Property reasonably satisfactory, in form and substance, to the Lender.

  • If any Initial Collateral Property, or any part thereof, is located in an area designated by the U.S. Secretary of Housing and Urban Development as an area having special flood hazards and in which flood insurance is available under the National Flood Insurance Act of 1968, as amended, then such insurance shall be furnished.

  • A satisfactory legal description of each Initial Collateral Property which is consistent, in all material respects, with the survey thereof delivered pursuant to Section 6.01(p).

  • Each of the Lenders shall have completed to its satisfaction, a financial analysis of each Initial Collateral Property, if any.


More Definitions of Initial Collateral Property

Initial Collateral Property means the Seattle 5th Avenue Red Lion Hotel. INITIAL COLLATERAL PROPERTY OWNER means WHC809 LLC, a Delaware limited liability company. INITIAL MATURITY DATE means September 13, 2009.
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Initial Collateral Property means, each project listed on Schedule 6.15 as an “Initial Collateral Property” together with all “Mortgaged Property” defined in the Mortgages with respect to such project.
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Related to Initial Collateral Property

  • 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.

  • 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.

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

  • Borrowing Base Property means Eligible Property and/or Commercial Land that the Administrative Agent has agreed to include in calculations of the Borrowing Base pursuant to Section 4.1. A Property shall be excluded from the determination of the Borrowing Base if at any time such Property shall cease to be an Eligible Property.

  • Original Collateral Sale Date means 1 December 2020.

  • 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 Documents as defined in the Base Intercreditor Agreement.

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

  • 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.

  • UCC Collateral is defined in Section 3.03.

  • 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.

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

  • Mortgaged Real Property means each of the parcels of real property set forth on Schedule 4 hereto, or interests therein, owned in fee by a Credit Party, together with each other 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.

  • 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.

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit K with such amendments or modifications as may be approved by the Collateral Agent.

  • Additional Mortgaged Property has the meaning assigned to that term in subsection 6.9.

  • Real Property Collateral means the parcel or parcels of Real Property identified on Schedule R-1 and any Real Property hereafter acquired by Borrower.

  • Acquired Property shall have the meaning set forth in Section 5.1.10(h)(i) hereof.

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

  • Collateral Pool means all of the Collateral.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Collateral Proceeds means the Liquidation Proceeds of the Relevant Collateral or any Undeliverable Assets forming part of the Relevant Collateral (as the case may be) denominated in the Settlement Currency.

  • 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.

  • Excluded Real Property means (a) any fee-owned real property with a purchase price (in the case of real property acquired after the Effective Date) or Fair Market Value (in the case of real property owned as of the Effective Date, with Fair Market Value determined as of the Effective Date) of less than $3,500,000 individually, (b) any real property that is subject to a Lien permitted by Sections 6.02(iv), (xix), (xxii), (xxiii), (xxviii) or (xxxi), (c) any real property with respect to which, in the reasonable judgment of the Term Administrative Agent (confirmed by notice to the Borrower) the cost (including as a result of adverse tax consequences) of providing a Mortgage shall be excessive in view of the benefits to be obtained by the Lenders, (d) any real property to the extent providing a mortgage on such real property would (i) be prohibited or limited by any applicable law, rule or regulation (but only so long as such prohibition or limitation is in effect), (ii) violate a contractual obligation to the owners of such real property (other than any such owners that are the Borrower or Affiliates of the Borrower) that is binding on or relating to such real property (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) but only to the extent such contractual obligation was not incurred in anticipation of this provision or (iii) give any other party (other than the Borrower or a wholly-owned Restricted Subsidiary of the Borrower) to any contract, agreement, instrument or indenture governing such real property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (e) any Leasehold.