Pool A Project definition

Pool A Project means any Eligible Project for which, when the Borrowing Base is computed at the end of a reporting period, (a) either (i) construction has been on-going for not more than fifteen (15) months or (ii) it is a Completed Facility not later than fifteen (15) months after the date on which the applicable Deed of Trust was executed; or (b) after it is a Completed Facility, meets the Minimum Occupancy Requirement and Fixed Charge Coverage Ratio Requirement.
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Pool A Project means any Eligible Project which, at any time when the Borrowing Base is computed, meets the applicable Pool A covenants set forth in Section 7.2.2 hereof.
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Pool A Project means any Facility for which, when the Borrowing Base is computed at the end of a reporting period meets the Minimum Occupancy Requirement and Fixed Charge Coverage Ratio Requirement.
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Examples of Pool A Project in a sentence

  • If any Eligible Project does not qualify as a Pool A Project, it shall be classified as a Pool B Project or a Pool C Project based upon the length of time that it has failed to satisfy the applicable criteria for a Pool A Project.

  • The following provisions shall determine whether a Facility qualifies as a Pool A Project under applicable circumstances.

  • Any Eligible Project ceases to be a Pool A Project provided, however, the Borrower may cure such default by paying in full the applicable Facility Owner Note and removing such Eligible Project from the Borrowing Base within three (3) Banking Days of notice by the Administrative Agent.

  • Except as provided in 7.2.2 (a), each Facility in a Campus Project will be measured separately for compliance with the covenants hereunder to determine whether such Facility qualifies as a Pool A Project.

  • Any Eligible Project must qualify as a Pool A Project when it is added to and while it remains in the Borrowing Base.

  • Any Eligible Project to be constructed or under construction must qualify as a Pool A Project when it is added to the Borrowing Base; however, any Completed Facility or Acquisition Project which is completed may be added to the Borrowing Base as either a Pool A Project, a Pool B Project or a Pool C Project.

  • In the case of any Eligible Project which otherwise qualifies as a Pool A Project which is subject to a Joint Venture Lease, ALS or an Affiliate shall exercise its rights to buy-out the ownership interests of all other partners or other owning entities in the Joint Venture within six (6) months from the date on which such Eligible Project becomes a Stabilized Facility or the Eligible Project will be classified by the Agent as a Pool B Project.

Related to Pool A Project

  • Solar PV Project means the solar Photo Voltaic Power project that uses sunlight for direct conversion into electricity through Photo Voltaic technology.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Large project means, for purposes of the Soft Cost Ratio limitation in Section 3.F, a Project with more than 24 Housing Credit units.

  • Redevelopment project means any work or undertaking

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Pilot project means an innovative environmental project that covers one or more designated facilities, designed and implemented in the form of an EMSA. (See Section 52.3 of the Act.)

  • Ongoing Project means a multi-year project undertaken by a Company in fulfilment of its CSR obligation having timelines not exceeding three years excluding the financial year in which it was commenced, and shall include such project that was initially not approved as a multi-year project but whose duration has been extended beyond one year by the board based on reasonable justification;

  • Condominium Project Real estate including the separate ownership in fee, or on a satisfactory leasehold estate, of a particular residential unit with an indivisible interest in the real estate designated for common ownership strictly by unit owners.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Sub-project means a specific development project to be carried out by a Beneficiary utilizing the proceeds of a Sub-loan;

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Housing project means a project, or distinct portion of a

  • Phase 1 means the first implementation phase of this section, beginning June 1, 2018 and ending May 31, 2022.

  • The Project means supply, installation, testing and commissioning, integration of computer hardware and services with support under Warranty and annual maintenance contract, if required for the contract period.

  • Expansion Project has the meaning set forth in Section IV.3.a of this Agreement.

  • The Project Site, where applicable, means the place or places named in the SCC.

  • Existing Project is a Project that has achieved Commercial Operation on or prior to the Execution Date.

  • Building Project means the aggregate combined parcel of land on a portion of which are the improvements of which the Premises form a part, with all the improvements thereon, said improvements being a part of the block and lot for tax purposes which are applicable to the aforesaid land.

  • Investment Project means an investment in qualified buildings

  • New Project means (a) each facility which is either a new facility, branch or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.