Required Property definition

Required Property has the meaning specified in Section 5.10(b).
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Required Property means debt secured on certain specified residential properties or funds on deposit with a Canada Deposit Insurance Fund-insured or Régie de l’assurance-dépôts du Québec-insured institution or credit union.
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Required Property means, collectively, the real property, improvements, fixtures and other items of real property related thereto at the locations set forth on Schedule 1.01(b) and such other locations as are from time to time determined by the Administrative Agent in its reasonable discretion to be material, and the products and proceeds thereof, fee title to which is held by the Borrower or any Subsidiary.
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Examples of Required Property in a sentence

  • The Borrower will, and will cause each of its Subsidiaries to, maintain with financially sound and reputable insurance companies the Required Property Insurance Coverage and Required Public Liability Insurance Coverage, and the Borrower will furnish to the Administrative Agent upon request full information as to the insurance carried.

  • The Lessee shall keep the Project Facilities continuously insured in the amount and with the coverage of the Required Property Insurance Coverage and shall keep and maintain, with respect to the Project, Required Public Liability Insurance Coverage, provided, that through the Completion Date, the Lessee shall provide all-risk builders risk insurance covering the then insurable value of the Project.

  • The Lessee shall keep the Project Facilities continuously insured in the amount and with the coverage of the Required Property Insurance Coverage and shall keep and maintain, with respect to the Project, Required Public Liability Insurance Coverage.

  • In connection with the repair or restoration of the Project Facilities pursuant to Section 7.1 hereof, Net Proceeds of Required Property Insurance Coverage not in excess of $500,000 (increased on each January 1 by ten percent for each ten percent increase in the Consumer Price Index Increase not theretofore the subject of such increase) shall be paid to the Lessee for application of as much as may be necessary for such repair and restoration.

  • Keep all property useful in and necessary to its business in good working order and condition, ordinary wear and tear excepted; and shall keep its property continuously insured with Required Property Insurance Coverage and maintain Required Public Liability Insurance Coverage.

  • With respect to Required Property Insurance Coverage, the Port Authority shall be the named insured and the Trustee shall be the loss payee.

  • Notwithstanding the foregoing provisions of this Section 4.8. City shall not delay or refuse to issue any Future Development Approvals due to the failure or delay of the City to either (i) enter into the Acquisition Agreement; (ii) if necessary, failure to initiate or conclude an eminent domain proceeding, if such a proceeding is necessary to obtain the Required Property; or (iii) approve any improvement plans needed to construct any Public Improvement.

  • Notwithstanding anything contained in this Agreement to the contrary, no Member or any Affiliate of a Member shall be entitled to a broker’s fee, commission or other compensation as the result of any Required Property Sale pursuant to Section 10.2 above or a sale consummated in accordance with Section 10.3 above.

  • The Mortgagor shall file with the Mortgagee and the Issuer a copy of any claim it may make under the Required Property Insurance Coverage which claim is in excess of $25,000.

  • Net Proceeds of Required Property Insurance Coverage of Twenty-Five Thousand and No/100's ($25,000.00) Dollars or less shall be paid to the SUBLESSEE for application in accordance with Section 5.3. of this SUBLEASE.