Owned Material Real Property has the meaning assigned to such term in Section 3.15(1).

Owned Material Real Property means any Real Property owned in fee by any of the Loan Parties that has a fair market value (as determined in good faith by a Responsible Officer of the Borrower Representative) of $10.0 million or more, other than any such Real Property that is subject to a Sale and Lease-Back Transaction permitted by Section 6.03, an Excluded Asset, or as otherwise agreed by the Administrative Agent.

Owned Material Real Property means any real property set forth on Schedule 3.18 with a fair market value of at least $5,000,000 owned in fee by a Loan Party.

Examples of Owned Material Real Property in a sentence

Schedule 3.16 correctly identifies, in all material respects, as of the Closing Date, all Owned Material Real Property owned in fee by the Loan Parties.
Schedule 3.15 correctly identifies, in all material respects, as of the Closing Date, all Owned Material Real Property owned in fee by the Loan Parties.
Schedule 4.8 to Credit Agreement (Term) REAL PROPERTY Part I - Owned Material Real Property: LOAN PARTY ADDRESS North American Van Lines, Inc.

More Definitions of Owned Material Real Property

Owned Material Real Property means any Real Property owned in fee by any of the Loan Parties that has a fair market value (as determined in good faith by a Responsible Officer of Holdings) of $1,000,000 or more.

Owned Material Real Property means each parcel of Real Property located in the United States that is owned in fee by the Borrower or any Subsidiary Loan Party that has an individual fair market value (as determined by the Borrower in good faith) of at least $5,000,000; provided that, with respect to any Real Property that is partially owned in fee and partially leased by the Borrower or any Subsidiary Loan Party, Owned Material Real Property will include only that portion of such Real Property that is owned in fee and only if (i) such portion that is owned in fee has an individual fair market value (as determined by the Borrower in good faith) of at least $5,000,000 and (ii) a mortgage in favor of the Administrative Agent (for the benefit of the Secured Parties) is permitted on such portion of Real Property owned in fee by applicable law and by the terms of any lease, or other applicable document governing any leased portion of such Real Property.

Owned Material Real Property means any Real Property owned in fee by any of the Issuers or any Guarantor that has a fair market value (as determined in good faith by an Officer of Holdings) of $15.0 million or more, other than (i) any Real Property that is a U.S. Excluded Asset, (ii) that would be excluded from the Collateral pursuant to the Guaranty and Security Principles, (iii) Real Property located at 302 Midway Road, Freeport, TX 77541 or (iv) as otherwise agreed by the Term Loan Collateral Agent.

Material Real Property means any fee owned Real Property located in the United States that is owned by any Loan Party with a fair market value in excess of $10,000,000 (at the Closing Date or, with respect to Real Property acquired after the Closing Date, at the time of acquisition, in each case, as reasonably estimated by the Borrower in good faith).
Owned Real Property has the meaning set forth in Section 4.10(a).
Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.
Real Property of any Person shall mean all the right, title and interest of such Person in and to land, improvements and fixtures, including Leaseholds.
Leased Real Property has the meaning set forth in Section 3.18(b).
Owned Properties has the meaning set forth in Section 3.16.