New Properties definition

New Properties means Licensed Vacation Ownership Properties that are not in existence or operating as of the Effective Date, but that are subsequently developed and operated pursuant to the terms and conditions of this Agreement.

New Properties means real property (fee or leasehold) (and improvements thereto) acquired by Borrower or any of its Subsidiaries for development and use as a Permitted Concept.

New Properties collectively, the Land identified on Schedule 4 and all Improvements thereon.

Examples of New Properties in a sentence

• Vistana shall lawfully obtain and maintain all Approvals required for the operation of the Licensed Vacation Ownership Properties (and the development of any New Properties and any Material Changes or Expansions), operate the Licensed Vacation Ownership Properties in compliance with Applicable Law and all Approvals, including any Applicable Law that affords protections to Individuals with disabilities, and promptly cure any violation.

• Vistana shall have sole responsibility for all debts, liabilities and obligations incurred in the operation of the Licensed Vacation Ownership Properties (and the development of any New Properties and any Material Changes or Expansions) and the operation of the Licensed Business generally, and shall make all such payments when due, including all Taxes imposed on Vistana.

• No interest income is assumed on the rental deposits from the tenants of 3 New Properties as it is expected to be insignificant.

• Starwood hereby approves the Undeveloped Parcels and the Transferred Lodging Properties as sites for Licensed Vacation Ownership Properties; provided, however, that any New Properties developed on any such Undeveloped Parcel or at any such Transferred Lodging Property must be developed and operated in accordance with the terms and conditions of this Agreement, including, without limitation, Section 5.2 and the Standards and Policies related to construction and design for New Properties.

• Licensor hereby approves the Undeveloped Parcels as sites for future New Properties, which shall be subject to Section 5.2.

More Definitions of New Properties

New Properties has the meaning set forth in the Recitals hereto.

New Properties means any real property asset owned by the Borrower or any leasehold estate of the Borrower (in each case other than those real property assets and leasehold estates listed on Schedule 5.1(f)(i)) which, in either case, qualifies as a parcel of Eligible Real Estate and satisfies each of the conditions identified in the definition of "Borrowing Base Properties".

New Properties shall have the meaning specified in subsection 4.5(d) hereof.

New Properties means Oil and Gas Properties acquired by any Borrower.

New Properties means the seven properties comprising the Scranton Portfolio, the three properties comprising the Hearth Portfolio, the Topeka Property, the Mooresville Property and the Chesterton Property.

New Properties means crude oil and natural gas properties held in the New Partnership and related assets to be indirectly acquired by Harvest Breeze Trust No. 1 and Harvest Breeze Trust No. 2 pursuant to the Purchase Agreement, described in more detail in the Prospectus under the heading "Information Concerning the New Properties";

New Properties means the petroleum and natural gas properties and related assets owned by the Vendor that HBT1 and HBT2 will own following completing of the Acquisition;