Net II definition

Net II means Net Lease Realty II, Inc., a Maryland corporation, and its successors.
View Source

Examples of Net II in a sentence

  • Net I, Net II, Net III, Net IV and Funding are each in compliance with all requirements applicable to a Qualified REIT Subsidiary imposed by the Internal Revenue Code of 1986, as amended, and all applicable regulations thereunder and each of the Borrowers is not aware of any fact that would negatively impact such qualifications.

  • Net I, Net II, Net III, Net IV and Funding shall at all times comply with all requirements of applicable laws and regulations necessary to maintain Qualified REIT Subsidiary Status.

  • CNLR, Net I and Net II subsequently requested certain additional amendments to the December, 1995 Agreement and the Renewal Note to (i) increase the amount of the Credit to $150,000,000.00 and (ii) extend the Revolving Credit Maturity Date to June 30, 1998, as well as certain other revisions.

  • CNLR is in compliance with all requirements applicable to a Real Estate Investment Trust imposed by the Internal Revenue Code of 1986, as amended, and all applicable regulations thereunder, Net I and Net II are in compliance with all requirements applicable to a Qualified REIT Subsidiary imposed by the Internal Revenue Code of 1986, as amended, and all applicable regulations thereunder and the Borrower is not aware of any fact that would negatively impact such qualifications.

  • Subsequently, CNLR requested certain additional amendments to the April, 1995 Agreement to permit (i) CNLR to incur mortgage loans from Principal Mutual Life Insurance Company, or an affiliate thereof, in the total amount of not more than $52,600,000.00 with respect to certain properties identified in the 1994 Security Documents and (ii) to allow it to place certain properties to be acquired in its Wholly-Owned Subsidiaries, Net I and Net II.

  • Net II shall provide the Service during the continuance of this Agreement subject to compliance by the Customer with all the terms and obligations set out in this Agreement.

  • CNLR, Net I and Net II, together with Net III and Net IV, as new co-borrowers, subsequently requested certain additional amendments to the September, 1996 Agreement and Second Renewal Note to (i) increase the amount of the Revolving Credit Facility to $200,000,000.00 and (ii) extend the Revolving Credit Maturity Date to July 30, 1999, as well as certain other revisions.

  • CNLR, Net I and Net II, Net III and Net IV, together with Funding, as a new co-borrower, subsequently requested certain additional amendments to the August, 1997 Agreement and Third Renewal Note (a) to add Funding as a co-borrower; (b) to add a new financial institution as a "bank"; (c) to amend certain of the provisions of the August, 1997 Agreement; (d) to incorporate the terms of the August, 1997 Letter Agreement into this Agreement; and (e) for the other purposes provided for herein.

  • CNLR requested certain additional amendments to the April, 1995 Agreement to permit (i) CNLR to incur mortgage loans from Principal Mutual Life Insurance Company, or an affiliate thereof, in the total amount of not more than $52,600,000.00 with respect to certain properties currently identified in the Existing Security Documents and (ii) to allow it to place certain properties to be acquired in its wholly-owned subsidiaries, Net I and Net II.

  • Net I and Net II shall at all times comply with all requirements of applicable laws and regulations necessary to maintain Qualified REIT Subsidiary Status.

Related to Net II

  • Net ITC means input tax credit availed on inputs and input services during the relevant period;

  • Net Investment means (i) as it relates to the Stockholders, the total amount of Gross Proceeds raised in all Offerings; and (ii) as it relates to the Limited Partners (other than the General Partner in its capacity as a Limited Partner) the total amount of Capital Contributions.

  • Net Interest means interest earned on a prearranged

  • Net Interest Expense means, for any period, the total of (a) Interest Expense for such period minus (b) Interest Expense to Affiliates for such period to the extent included in the amount referred to in clause (a) and related to (i) interest payments on debt obligations that are subordinated to the obligations of the Borrower under this Agreement, (ii) interest on Nonrecourse Indebtedness or (iii) Transitional Funding Instrument Interest.

  • net non-operating income means the difference between: (A) revenues from all sources other than those related to operations; and (B) expenses, including taxes and payments in lieu of taxes, incurred in the generation of revenues in (A) above.