Non-Core Property definition

Non-Core Property means any real property owned or occupied by the Club that is not core property.

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Non-Core Property means any Property which is not leased or intended to be leased to tenants primarily for retail uses.

Non-Core Property means a Property that is not primarily used for office space, but that otherwise satisfies the requirements of an Eligible Property.

Examples of Non-Core Property in a sentence

• For the purpose of calculating the ratio set forth in this Subsection (e), if an Eligible Property or Non-Core Property has been acquired during the two consecutive fiscal quarters most recently ended, the Parent may include in such calculation the Unencumbered Adjusted NOI of such Property calculated on a proforma basis, so long as the Administrative Agent shall have given its prior written consent, which consent shall not be unreasonably withheld.

• For the purpose of calculating clause (a) of this Section 9.1.(i), if an Eligible Property or Non-Core Property has been acquired during the two consecutive fiscal quarters most recently ended, the Parent may include in such calculation the Unencumbered Adjusted NOI of such Property calculated on a proforma basis, so long as the Administrative Agent shall have given its prior written consent, which consent shall not be unreasonably withheld.

• In addition, no single Collateral Obligation collateralized or backed by interests on any Property Type that is identified herein as a Non-Core Property Type may be purchased if it represents more than 5% of the Aggregate Collateral Balance, and no single other Collateral Obligation may be so purchased if it represents more than 10% of the Aggregate Collateral Balance, unless such Collateral Obligation is rated by one of the Rating Agencies.

• No more than 20% of the Aggregate Collateral Balance as of the Closing Date can be purchased by the Issuer pending satisfaction of any of the Moody’s Post-Acquisition Compliance Test and the S&P Post-Acquisition Compliance Test; provided that, solely with respect to Non-Core Property Types, no more than 5% of the Aggregate Collateral Balance as of the Closing Date can be purchased by the Issuer pending satisfaction of the Moody’s Post-Acquisition Test.

• Own any property or other assets (excluding leasehold interests in office space leased for its own use and office equipment in each case in the ordinary course), other than Investments permitted under Section 6.7; or engage in any business activity, other than business activities related solely to the holding, operation and disposition of any Non-Core Property, except through CALP or, indirectly, through one or more of CALP’s Subsidiaries.

More Definitions of Non-Core Property

Non-Core Property means Property that, owing to urban planning, physical constraints or extent cannot be developed on its own or be used on its own for any municipal function and that can become functional only if developed or used in conjunction with the immovable property of an adjoining owner (other than the Municipality);

Non-Core Property means a Facility which is not a Core Property and which is listed as a Non-Core Property by the Borrowers on a written list submitted to and approved by the Administrative Agent. Any Facility must appear on such list in advance of its sale to be considered on Non-Core Property for purposes of this Agreement.

Non-Core Property has the meaning given that term in Section 7.12(b)(iii).

Non-Core Property means any Property that is not a Hotel Property.

Non-Core Property means all parts of the Property other than the Core Property;

Non-Core Property means all or any real estate owned or controlled by the Group which is not the "Core Property".

Non-Core Property or "Non-Core Properties" shall mean, individually or collectively, as applicable, the Properties located at 100 Executive Drive, 200 Executive Drive, 35 Pinelawn Road, 80 G▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇ Grasslands Road and 225 High Ridge Road, ▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ the ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇, the New Jersey Mortgage or the Connecticut Mortgage, as applicable.