Qualified Properties means (x) the interest of the Partnership in each parcel of real property acquired as provided in Section 3.6 hereof, together with all buildings, structures and improvements located thereon, fixtures contained therein, appurtenances thereto and all personal property owned in connection therewith, and (y) subject to the provisions of Section 2.8 hereof, the Malvern Property.
Qualified Properties are defined in Government Code Section 50280.1 as: “privately owned property which is not exempt from property taxation and which meets either of the following:
Qualified Properties means (a) with reference to an increase in the Delayed Draw Commitment Amount pursuant to Section 2.6(b) pursuant to an Asset Disposition involving CBM Properties, investments (including capital expenditures) in any Oil and Gas Properties, provided, that not more than 75% of the amount of such increase in the Delayed Draw Commitment Amount may be utilized for investments that do not represent the acquisition of Oil and Gas Properties that constitute Proved Developed Reserves and (b) with reference to any transaction involving Net Cash Proceeds from an Asset Disposition of any property or assets (other than any transaction involving CBM Properties), investments (including capital expenditures) made by the Borrower or a Restricted Subsidiary in Oil and Gas Properties, provided, that not more than 50% of the amount of such Net Cash Proceeds may be utilized for investments that do not represent the acquisition of Oil and Gas Properties that constitute Proved Developed Reserves.
Examples of Qualified Properties in a sentence
The Maine SWDB adopted Evaluation Criteria which is fully enumerated in SWDB policy PY16-04.
The Participating Municipality has on adopted the Local Law authorizing the provision of financing through Open C-PACE to Qualified Properties for Qualified Projects.
EIC shall have the right to discontinue providing any new financings to Qualified Properties located within the Participating Municipality.
Being called-in for overtime by a supervisor is implied authorization to work overtime.
Except with respect to Qualified Properties for which an application has previously been submitted, the Participating Municipality may at any time modify Open C-PACE by changing the types of properties that may receive financing for Qualified Projects.
More Definitions of Qualified Properties
Qualified Properties means at the particular time in question those oil and gas properties and interests (a) which are owned by Borrower (b) which are located in or offshore the United States, (c) which have attributable to them proved oil or gas reserves, and (d) to the extent requested by Agent (i) which are subject to Security Documents securing the Obligations that constitute and create legal, valid and duly perfected first deed of trust or mortgage liens in such properties and interests and first priority assignments of and security interests in the oil and gas attributable to such properties and interests and the proceeds thereof, free and clear of all Prohibited Liens, and (ii) for which Agent has received favorable title opinions from legal counsel acceptable to it with respect to each of such properties and interests, based upon abstract or record examinations to dates acceptable to Agent and (A) stating that Borrower has good and defensible title to such properties and interests, (B) confirming the requirements provided for in subsection (d)(i) of this definition, and (C) covering such other matters as Agent may request.
Qualified Properties means each parcel of real property acquired by an SP Subsidiary as provided in Section 3.6 hereof, together with all buildings, structures and improvements located thereon, fixtures contained therein, appurtenances thereto and all personal property owned in connection therewith.
Qualified Properties means Properties that satisfy the following criteria: (i) Borrower or a wholly-owned Subsidiary of the Borrower shall have good title (by fee or pursuant to a Qualified Ground Lease) to such Property, free and clear of all Liens (except for the Liens permitted under Section 7.2.3), (ii) such Property shall be leased to a Taxable REIT Subsidiary directly or indirectly owned by the Borrower, (iii) such Property shall be designated a full-service property (in accordance with industry standard, as reasonably determined by Administrative Agent), (iv) such Property shall be an upscale, upper-upscale, luxury or better quality hotel, as reasonably determined by Administrative Agent, (v) such Property shall be located in the United States of America, (vi) such Property shall be operated under a nationally recognized brand by an Approved Manager (as set forth on Schedule V), (vii) such Property shall be fully operating, open to the public and not under development or redevelopment (except for routine, ordinary course renovation, maintenance and repair that does not result in the closure of more than fifteen percent (15%) of the rooms at such hotel), provided, however, that temporary closure due to force majeure events, not to exceed five (5) Business Days, shall be permitted, (viii) such Property shall have at least one-hundred and fifty (150) rooms, (ix) such Property shall be free of material structural defects or material environmental issues and (x) neither such Property nor the Property Owner thereof shall be encumbered with Permitted Mezzanine Indebtedness. "Qualified Properties" shall also include the Initial Asset Pool Properties as and to the extent provided in Section 7.1.22(c).
Qualified Properties means with reference to any transaction involving the amount of the Net Cash Proceeds from an Asset Disposition of any property or assets, investments (including capital expenditures) made by Borrower or a Restricted Subsidiary which (a) qualify under the First Lien Credit Agreement as a reinvestment so as to not require a prepayment of Permitted First Lien Debt or Permitted Additional First Lien Debt with reference to such Net Cash Proceeds and (b) qualify as “Additional Asset” under the Senior Notes Indenture so as to not require an offer to purchase Senior Notes.
Qualified Properties means with reference to any transaction involving Net Cash Proceeds from an Asset Disposition of any property or assets, investments (including capital expenditures) made by the Borrower or a Subsidiary in Oil and Gas Properties, provided, that not more than 25% of the amount of such Net Cash Proceeds may be utilized for investments that do not represent the acquisition of Oil and Gas Properties that constitute Proved Developed Reserves.
Qualified Properties means, as of any date, Projects that: (a) are one hundred percent (100%) (i) fee owned by a Wholly-Owned Subsidiary that is a Subsidiary Guarantor; or (ii) leased by a Wholly-Owned Subsidiary that is a Subsidiary Guarantor under a Ground Lease, or if approved by the Administrative Agent such other lease that are part of a PILOT Transaction; (b) are not subject to any Liens other than Permitted Liens and the owner thereof has the power to (i) provide a negative pledge and (ii) agree not to guarantee or otherwise become liable for any Indebtedness; (c) are located in the United States; (d) are one hundred percent (100%) occupied (or if such Project is a multi-tenant Project, is at least eighty-five percent (85%) occupied), unless (i) such Project is being repositioned for a period not more than six (6) months provided that if such Project is a multi-tenant Project, such Project is at least thirty percent (30%) occupied or (ii) such Project is a Dark Qualified Property; (e) for the period prior to an Unsecured Conversion, (i) is encumbered by a Mortgage Instrument executed by the applicable Subsidiary Guarantor creating a first priority lien in favor of Administrative Agent for the benefit of Lenders, subject only to Permitted Liens, (ii) the Title Company has issued to Administrative Agent for the benefit of the Lenders, a Title Policy (or irrevocable commitment to issue a Title Policy) insuring Administrative Agent’s first priority lien encumbering the property (together with any endorsements thereto requested by Administrative Agent), subject only to Permitted Liens; (f) for the period (i) prior to an Unsecured Conversion, is not subject to any material issue or problem related to environmental, title, structure, lease, assignment of lease or estoppels certificate that adversely effects the value, use or marketability of the Project and (ii) from and after an Unsecured Conversion, is not subject to any material environmental, title or structural problem; (g) for which all Required Items have been provided pursuant to the terms of Section 6.13; (h) are not subject to any leases that are in default, after giving effect to any notice or cure periods set forth therein; provided that, in the case of multi-tenant Projects, the qualification in this clause (h) shall be limited to leases in default (i) on anchor tenants or (ii) that constitute ten percent (10%) or more of such Project’s net rental revenue; (i) a material portion of the leasable space of such Proje...
Qualified Properties means the interest of the Partnership in each parcel of real property acquired as provided in Section 3.6 hereof, together with all buildings, structures and improvements located thereon, fixtures contained therein, appurtenances thereto and all personal property owned in connection therewith.