POOLED FACILITIES definition
POOLED FACILITIES means three or more Operating Facilities having an aggregate appraised value of at least TWENTY MILLION AND NO/100 DOLLARS ($20,000,000.00), (i) the debt financings or leases of which are cross defaulted and, with respect to Mortgages, cross collateralized and (ii) which are commonly owned or operated by any Person or Affiliate of such Person.
POOLED FACILITIES. Facilities which are (i) leased by a Borrower to an Operator or Operators pursuant to a single Master Lease, or (ii) commonly owned by an Operator or Operators, the Mortgages on which are held by a Borrower to secure a single loan.
POOLED FACILITIES means Facilities which are commonly owned or operated by one Operator or an Affiliate thereof (as selected by the Company or any of its Subsidiaries), and the debt financings or leases of which are cross-defaulted and, with respect to Mortgages, are cross-collateralized.
Examples of POOLED FACILITIES in a sentence
POOLED FACILITIES" means three or more Operating Facilities having an aggregate appraised value of at least TWENTY MILLION AND NO/100 DOLLARS ($20,000,000.00), (i) the debt financings or leases of which are cross defaulted and, with respect to Mortgages, cross collateralized and (ii) which are commonly owned or operated by any Person or Affiliate of such Person.
More Definitions of POOLED FACILITIES
POOLED FACILITIES means, collectively, the Facilities and the facilities that are subject to the Loan Documents.
POOLED FACILITIES means, collectively, the Facilities and the facilities that are subject to the Loan Documents. 1.30. “Pooled Properties” shall mean, collectively, the Properties and the properties that are subject to the Loan Documents. 1.31. “Properties” shall mean, collectively, all of the Assets relating to the properties identified on Exhibit C attached hereto. 1.32. “Purchase Price” shall mean an amount equal to Sixty-One Million Dollars ($61,000,000). 1.33. “Real Property shall mean, with respect to any Property, the real property described in the applicable Exhibits D-1 through D-[ ] attached hereto, together with all easements, rights of way, privileges, licenses and appurtenances which the Sellers may own with respect thereto. -6- 1.34. “Sellers” shall have the meaning given such term in the preamble to this Agreement. 1.35. “Purchaser” shall have the meaning give such term in the preamble to this Agreement. 1.36. “Surveys” shall have the meaning given such term in Section 3.2. 1.37. “Tenant” shall mean AHC Trailside, Inc. and its permitted successors and assigns under the Lease Documents and the Loan Documents to which it is a party. 1.38. “Tenant Leases” shall mean, with respect to any Property, all leases, rental agreements or other agreements (including all amendments or modifications thereto) which entitle any person to have rights with respect to the use or occupancy of any portion of such Property. 1.39. “Title Commitments” shall have the meaning given such term in Section 3.2. 1.40. “Title Company” shall mean Chicago Title Insurance Company, or such other title insurance company as shall have been selected by the Sellers and approved by the Purchaser, which approval shall not be unreasonably withheld, delayed or conditioned. 1.41. “Wynwood” shall have the meaning given such term in the preambles to this Agreement.