Property Company definition

Property Company means a company -
Property Company means a company that invests primarily in real estate or land;
Property Company means (i) each mutual real estate company (in Finnish keskinäinen kiinteistöosakeyhtiö), (ii) each ordinary real estate company and (iii) each Development Company (but in each case, excluding any HoldCo) wholly owned by the Issuer that holds, from time to time, title to a Property and as listed in Schedule 1 (The Property Companies and the Properties) of the Intercreditor Agreement, which Schedule shall be updated (by relying on the information provided by the Issuer) by the Security Agent by delivering an updated Schedule 1 (The Property Companies and the Properties) of the Intercreditor Agreement to the Issuer promptly upon the request of the Issuer after (i) a delivery of a new Valuation (on the basis of that Valuation), or (ii) creation of Transaction Security over the shares in the Property Company or a property held by such Property Company not previously included in the Security Pool or (iii) cancellation or prepayment of the facilities under the Debt Documents as a result of which the Allocated Loan Amount is to be reduced pro rata between the Properties provided that all necessary information has been delivered to the Bank Agent, together with the Parking Company Shares and the Managing Company Shares, if any, relating thereto. For the sake of clarity, any property company shall be a "Property Company" for the purposes of the Notes Finance Documents only if (i) the acquisition of such property company has been financed under the Bank Finance Documents and/or the Notes Finance Documents and/or funds standing to the credit of the Deposit Accounts and/or (ii) the shares in, and/or assets of, which becomeare subject to Transaction Security. For the purpose of Clause 11.8 (Insurances), a Property Company shall exclude any Development Company until the date on which the construction work in respect of the building (or part of the building, as applicable) situated on a Property owned by a Development Company has been finalised and the building (or part of the building, as applicable) subject to the construction work has been handed over to the possession of such Development Company.

Examples of Property Company in a sentence

  • The financial statements present the Consolidated Statement of Financial Activities (SOFA), the Consolidated and College Balance Sheets and the Consolidated Statement of Cash Flows comprising the consolidation of the College and its wholly owned subsidiaries, Chichele Property Company (ASC) Limited (CPC) and Animarum Properties Limited (APL), together with APL’s share of the joint venture subsidiaries on projects jointly financed with CityBlock Holdings Limited.


More Definitions of Property Company

Property Company means Amager Strandvej 60-64/Ved Amagerbanen 37 ApS, a company existing under the laws of Denmark with registration no. 37511455 which holds title to the Property.
Property Company means a company which owns immovable property situated in Malta or any real rights thereon or a company which holds, directly or indirectly, shares or other interests in any entity or person, which owns immovable property situated in Malta or any real rights thereon where five percent or more of the total value of the said shares or other interests so held is attributable to such immovable property or rights:
Property Company means each of the Initial Property Companies and the Additional Property Company, excluding any Property Company that has been disposed by way of a Permitted Partial Divestment.
Property Company means a direct or indirect subsidiary of the Company through which the Company indirectly holds an ownership, leasehold or other interest in one or more Properties. The Property Companies existing as of the Effective Date are set forth on Schedule B hereto.
Property Company means Malmö Katrinelund 27 AB, reg. no. 556934-3931.
Property Company means a company incorporated in England by UOWN for the sole purpose of owning and developing the Property.
Property Company shall the meaning set forth in the recitals to this Agreement, and is more particularly described in Part I of Appendix C of the Agreement.