Non-Conforming Properties definition

Non-Conforming Properties means those certain Individual Properties set forth on Schedule XVI.
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Examples of Non-Conforming Properties in a sentence

  • Since its formation, no Loan Party has conducted any business other than entering into and performing its obligations under the Loan Documents to which it is a party, the acquisition, renovation, rehabilitation, ownership, maintenance, sale, transfer, refinancing, management, leasing and operation of Eligible Properties and Non-Conforming Properties and such other activities as are incidental to the foregoing or reasonable extensions thereof.

  • The Loan Parties will use the proceeds of the Loans solely to capitalize the acquisition, renovation, rehabilitation, maintenance and leasing of Eligible Properties and Non-Conforming Properties (including, in each case, any Properties that fail to qualify as Eligible Properties or Non-Conforming Properties, as applicable, but that are subject to an ongoing Cure Period) by the Borrowers.

  • Within five (5) Business Days of delivery of an Aggregate Non-Conforming Deduction Amount Diligence Report by the Diligence Agent, the Borrowers shall (deliver to the Administrative Agent and the Calculation Agent a report setting forth the Aggregate Non-Conforming Deduction Amount Adjustment with respect to each Non-Conforming Property and the total in respect thereof for all Non-Conforming Properties.

  • Borrower shall, or shall cause Owner to, cause any Non-Conforming Properties to be classified as “conforming” or “legal non-conforming” as to parking by the earlier to occur of (a) the Maturity Date and (b) the date required by any applicable Governmental Authority, which compliance may be evidenced by delivery of a zoning report stating the same.

  • Borrower shall cause any Non-Conforming Properties to be classified as “conforming” or “legal non-conforming” as to parking by the earlier to occur of (a) the Maturity Date and (b) the date required by any applicable Governmental Authority, which compliance may be evidenced by delivery of a zoning report stating the same.

  • Within five (5) Business Days of delivery of an Aggregate Non-Conforming Deduction Amount Diligence Report by the Diligence Agent, the Borrowers shall deliver to the Administrative Agent and the Calculation Agent a report setting forth the Aggregate Non-Conforming Deduction Amount Adjustment with respect to each Non-Conforming Property and the total in respect thereof for all Non-Conforming Properties.