Office Asset definition

Office Asset means Real Property and related personal property (other than any Joint Venture Asset) that operates or is intended to be operated as an office building, including, without limitation, courthouses. For the avoidance of doubt, (a) Development Assets shall not be classified as Office Assets hereunder until the date indicated in the last sentence of the definition of Development Asset herein, (b) Redevelopment Assets shall not be classified as Office Assets hereunder until the date indicated in the last sentence of the definition of Redevelopment Asset herein and (c) Office Assets may include components (including, without limitation, retail and parking) that are ancillary to the use of the building as an office building.

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Office Asset means Real Property (other than any Joint Venture Asset) that operates or is intended to operate as a telecommunications infrastructure building, information technology infrastructure building, technology manufacturing building or technology office/corporate headquarter building, in each case, as more particularly described in the Information Memorandum.

Office Asset. [Insert Name]

Examples of Office Asset in a sentence

• Where repetitive maintenance operations are being carried out by the Highways Agency to their assets on or adjacent to flood defence assets the Highways Agency should notify the local Environment Agency Office (Asset System Management team leader) if such works are required.

• Pursuant to 31 U.S.C. § 9703, upon sentencing, the defendant agrees to forfeit and pay $969,175, which represents proceeds and substitute assets (cash) of 385.38 m3 of Mongolian oak (Quercus mongolica) flooring imported into the United States between February 1, 2013, and August 30, 2013, to the United States, more specifically to “Customs and Border Protection,” and to send the money to the U.S. Attorney’s Office, Asset Forfeiture Unit, 1▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇.

• Except as set forth in Section 5.3 below, Brown shall have the option, exercisable at any time during the peri▇▇ ▇▇mmencing with the Separation Date and ending ten (10) days thereafter (the "OPTION PERIOD"), to purchase from the Company any or all of the equipment, furnishings and/or fixtures present in the New York Office as of the Execution Date (each, an "OFFICE ASSET") for a purchase price equal in each case to the then-current book value of such Office Asset.

• If, as of any date of determination, the aggregate outstanding Purchase Price of all Purchased Assets that are Office Assets causes a breach of the Sub-Limit, then Seller shall within five (5) Business Days after notice from the Purchaser remit funds to Purchaser to be applied in reduction of the Purchase Price of each such Office Asset in an amount sufficient to cause the Sub-Limit to no longer be breached.

More Definitions of Office Asset

Office Asset means any parcel of real property for which, on a consolidated basis, 10.0% or more of either, (a) the lease payments being made by tenants of such property, or (b) the square footage of such property, are being used by the tenants of such spaces for professional business operations. For purposes of this definition, any Office Asset in the process of being redeveloped shall not be considered an Office Asset if such redevelopment will result in no part of such asset consisting of office space when such redevelopment is finalized. DB1/ 158720770.14

Office Asset means an Asset that is secured by a Mortgaged Property consisting primarily of an office property.

Office Asset means, in the case of a Property, that is not a Clinic, a Property 50% or more of the rentable area of which is leased to one or more Tenants for use as, or, in the case of a Mortgaged Property, that is not a Clinic, a Mortgaged Property 50% or more of the usable area of which is used for, (i) offices for the practice of the medical profession (or administrative functions related thereto), including offices of physicians or physician practice groups, or (ii) medical, pharmaceutical or biotechnical research and development, or (iii) offices for a medical or health-related business or any commercial office use.