Integral Building definition
Integral Building means each Building or Manufactured (Mobile) Home, whether now existing or hereafter acquired or built, that constitutes, houses, shelters or otherwise contains (a) a control room, (b) an electrical substation, (c) a server room, (d) a compressor station, (e) a portion of a pipeline that is part of a pipeline system that is a Mortgaged Asset, or (f) any other asset relating to a Mortgaged Asset without which the Collateral Agent, on behalf of the Secured Parties, would be unable to foreclose on such Mortgaged Asset or would be unable to operate such Mortgaged Asset in a manner consistent with the Borrower’s past practices immediately upon such a foreclosure or whose foreclosure would be otherwise impaired.
Integral Building means, with respect to each Mortgaged Asset, unless otherwise agreed by the Administrative Agent, each Building or Manufactured Home located thereon, whether now existing or hereafter acquired or built, that constitutes, houses, shelters or otherwise contains (a) a control room, (b) an electrical substation, (c) a server room, (d) a compressor station, (e) a portion of a pipeline that is part of a pipeline system that is a Mortgaged Asset, or (f) any other asset relating to a Mortgaged Asset without which the Collateral Agent, on behalf of the Secured Parties, would be unable to foreclose on such Mortgaged Asset or would be unable to operate such Mortgaged Asset in a manner consistent with the Borrowers’ past practices immediately upon such a foreclosure or whose foreclosure would be otherwise impaired.
Examples of Integral Building in a sentence
CONTRACTOR CITY OF MADISON, WISCONSIN a municipal corporation Integral Building Systems, Inc.