Property Development Activities definition
Property Development Activities means land acquisition and development activities, the principal objective of which is to acquire and develop real property for sale or other disposition.
Property Development Activities means land acquisition and development activities of the Property Subs, the principal objective of which is to acquire and develop real property for sale or other disposition.
Property Development Activities has the meaning given in clause 11.1(d);
More Definitions of Property Development Activities
Property Development Activities means land acquisition and development activities, the principal objective of which is to acquire and develop real property for sale or other disposition. “Property Management Business” means the managing, leasing, selling and purchasing of real property. “Property Sub” means any Subsidiary that exists on the Closing Date or that is subsequently formed or acquired and, in each case, whose principal business activities are to engage in Property Development Activities. “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. “Public Lender” has the meaning specified in Section 6.01. “Ratings-Based Applicable Rate” has the meaning specified in the definition of “Applicable Rate.” “Recipient” means the Agent, any Lender, any L/C Issuer or any other recipient of any payment to be made by or on account of any obligation of any Loan Party hereunder. “Recourse Debt” means, with respect to any Loan Party or Subsidiary, any Debt, in respect of which contractual recourse for payment (except for customary exceptions for fraud, misapplication of funds, environmental indemnities, and other similar exceptions to recourse liability) is to such Person. “Register” has the meaning specified in Section 10.06(c). “Regulation U” means Regulation U of the FRB, as in effect from time to time and all official rulings and interpretations thereunder or thereof. “REIT” means a “real estate investment trust” as defined in Sections 856 through 860 of the Code.
Property Development Activities means land acquisition and ------------------------------- development activities, the principal objective of which is to acquire and develop real property for sale or other disposition.
Property Development Activities means an activity which involves a construction or an extension of a building or a modification thereof or any other related activity pertaining to the existing real estate property of a SL-REIT;
Property Development Activities means land acquisition and development activities, the principal objective of which is to acquire and develop real property for sale or other disposition. “Property Management Business” means the managing, leasing, selling and purchasing of real property. “Property Sub” means any Subsidiary that exists on the Closing Date or that is subsequently formed or acquired and, in each case, whose principal business activities are to engage in Property Development Activities. “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. “Public Lender” has the meaning specified in Section 6.01. “Ratings-Based Applicable Rate” has the meaning specified in the definition of “Applicable Rate.” “Recipient” means the Agent, any Lender, the L/C Issuer or any other recipient of any payment to be made by or on account of any obligation of any Loan Party hereunder. “Recourse Debt” means, with respect to any Loan Party or Subsidiary, any Debt, in respect of which contractual recourse for payment (except for customary exceptions for fraud, misapplication of funds, environmental indemnities, and other similar exceptions to recourse liability) is to such Person. “Register” has the meaning specified in Section 10.06(c). “REIT” means a “real estate investment trust” as defined in Sections 856 through 860 of the Code. “Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates. “Relevant Governmental Body” means the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Board of