KBS Siloed Assets definition

KBS Siloed Assets means the following properties: (i) the “Goethe” property located at 0000 Xxxxxx Xxxx, Xxxxxxxxxx, Xxxxxxxxxx, and owned by KBS Goethe Road, LLC, a Delaware limited liability company; (ii) the “Midland” property located at 00 Xxxx Xxxx Xxxx, 000 Xxxx Xxxx Xxxx and 000 Xxxxxxx Xxxxx, XxXxxxxxx, Georgia, and owed by KBS Midland Industrial Park, LLC; and (iii) the “Tribeca Penthouses” property located at 000 Xxxxxxxxx, Xxx Xxxx, Xxx Xxxx, and owned by 415 Greenwich Fee Owner, LLC, a Delaware limited liability company (which is indirectly wholly owned by KBS 415 Greenwich, LLC, a Delaware limited liability company), which is the fee owner of the unsold condominium units located at the property.
Sample 1
KBS Siloed Assets means the following properties: (i) the “Goethe” property located at 9815 Xxxxxx Xxxx, Xxxxxxxxxx, Xxxxxxxxxx, xxd owned by KBS Goethe Road, LLC, a Delaware limited liability company; (ii) the “Midland” property located at 90 Kxxx Xxxx Xxxx, 007 Xxxx Xxxx Xxxx xxx 220 Xxxxxxx Xxxxx, XxXxxxxxx, Xxxxxxx, xxd owed by KBS Midland Industrial Park, LLC; and (iii) the “Tribeca Penthouses” property located at 415 Xxxxxxxxx, Xxx Xxxx, Xxx Xxxx, xxd owned by 415 Greenwich Fee Owner, LLC, a Delaware limited liability company (which is indirectly wholly owned by KBS 415 Greenwich, LLC, a Delaware limited liability company), which is the fee owner of the unsold condominium units located at the property.
Sample 1

Examples of KBS Siloed Assets in a sentence

  • Upon the earlier to occur of (i) no Indebtedness being incurred under clause (B) of the definition of “Permitted Secured Indebtedness” within nine (9) months following the Restatement Date and (ii) repayment in full of any Indebtedness incurred under clause (B) of the definition of “Permitted Secured Indebtedness”, Seller shall cause Parent Guarantor to cause the KBS Siloed Assets Guarantors to become Guarantor(s) under the Omnibus Guaranty.

Related to KBS Siloed Assets

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and the sale of homes and related real estate activities, including the provision of mortgage financing or title insurance.

  • Real Estate-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Fixed Assets means Equipment and Real Estate.

  • Retained Assets has the meaning set forth in Section 2.2.

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Related Assets Any assets held by a Trust the return of which is linked to one or more Underlying Securities and which, if applicable, shall be described in the related Supplement or a schedule thereto.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Environmental Infrastructure System means the Environmental Infrastructure Facilities of the Borrower, including the Project, for which the Borrower is receiving the Loan.

  • Hotel Property means a Property on which there is located an operating hotel.

  • Contributed Assets shall have the meaning as set forth in Section 2.2.

  • Restricted Assets means all licenses, permits, franchises, approvals or other authorizations from any Governmental Authority from time to time granted to or otherwise held by the Company to the extent the same constitute “Excluded Assets” under (and as defined in) the Senior Lien Documents or the Junior Lien Documents or are similarly carved out from the granting clause or the collateral thereunder.

  • Conveyed Assets shall have the meaning set forth in Section 2.01.

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • Related Real Estate Documents with respect to any Real Estate subject to a Mortgage, the following, in form and substance satisfactory to Agent and received by Agent for review at least 10 days prior to the effective date of the Mortgage: (a) a mortgagee title policy (or binder therefor) covering Agent’s interest under the Mortgage, in a form and amount and by an insurer acceptable to Agent, which must be fully paid on such effective date; (b) such assignments of leases, estoppel letters, attornment agreements, consents, waivers and releases as Agent may require with respect to other Persons having an interest in the Real Estate; (c) a current, as-built survey of the Real Estate, containing a metes-and-bounds property description and flood plain certification, and certified by a licensed surveyor acceptable to Agent; (d) flood insurance in an amount, with endorsements and by an insurer acceptable to Agent, if the Real Estate is within a flood plain; (e) a current appraisal of the Real Estate, prepared by an appraiser acceptable to Agent, and in form and substance satisfactory to Required Lenders; (f) an environmental assessment, prepared by environmental engineers acceptable to Agent, and accompanied by such reports, certificates, studies or data as Agent may reasonably require, which shall all be in form and substance satisfactory to Required Lenders; and (g) an Environmental Agreement and such other documents, instruments or agreements as Agent may reasonably require with respect to any environmental risks regarding the Real Estate.

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  • Customer Property means the property, other than real property and IPR, including any equipment issued or made available to the Supplier by the Customer in connection with this Call Off Contract;

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Additional Purchased Assets shall have the meaning set forth in Subsection 3(a).

  • Hotel Site means the real property on which the Hotel is located or to be located, as approved by us.

  • Designated Assets means any property or assets (including Capital Stock of any Subsidiary) of Holdings, the Restricted Parent, the Issuer and their respective Restricted Subsidiaries constituting a business, a line or unit of a business or used in operating a business substantially as an entirety.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • After-Acquired Intellectual Property has the meaning assigned to such term in Section 4.02(d).