Secured Pool Property definition

Secured Pool Property means an Eligible Property that the Administrative Agent and the Lenders have agreed to include in calculations of the Maximum Loan Availability pursuant to Section 4.1. A Property shall be excluded from determinations of the Maximum Loan Availability if (a) at any time such Property shall cease to be an Eligible Property, (b) the Administrative Agent shall cease to hold a valid and perfected first priority Lien in such Property, or (c) there shall have occurred and be continuing a default (after giving effect to any applicable cure period) under the Security Deed or any other Security Document relating to such Property. For the avoidance of doubt, from and after the Collateral Release Event, no Property shall be deemed to be a Secured Pool Property.
Sample 1Sample 2Sample 3

Examples of Secured Pool Property in a sentence

  • If after such review and determination the Administrative Agent remains prepared to recommend acceptance of such Property as a Secured Pool Property, the Administrative Agent shall forward a copy of such Appraisal to the Lenders together with notice of such Appraised Value.

  • To each Loan Party’s knowledge, all material certificates, permits, licenses and approvals, including certificates of completion and occupancy permits, required for the legal use, occupancy and operation of each Secured Pool Property as an office building (excluding, however, certificates of occupancy for tenant spaces and improvements) have been obtained and are in full force and effect.

  • The Employer shall remit the amount deducted to the Union by the fifteenth (15th) day of the month following the month in which the deductions were made, in an electronic spreadsheet, with a unique identification number for each Employee, name, hours of work, and hiring department.

  • Promptly upon giving notice to the Lenders under the immediately preceding subsection (b) that the Administrative Agent recommends acceptance of such Property as a Secured Pool Property because it satisfies the requirements of an Eligibility Property, the Administrative Agent shall commission, at the Administrative Agent’s discretion and the Borrower’s expense, an Appraisal of such Property, to be in form and substance satisfactory to the Administrative Agent.

  • During more than a decade, the network has grown over 180 people on 100 different places (particularly in food stores, health care institutions, and markets).

  • Narrations around migration reveal a European self-understanding which is constructed in contrast to a non-European other.

  • Prior to the Collateral Release Event, each Secured Pool Property, and from and after the Collateral Release Event each Unencumbered Pool Property, is an Eligible Property.

  • Except as set forth on Schedule 7.1(h)(vi), no portion of any Secured Pool Property is located in an area identified by the Federal Emergency Management Agency as a special flood hazard area.

  • In their view the buffer zones established through the recent Section 106 agreement related to the Bottomcombe residential development will adequately minimise minerals related impacts on this proposal.

  • Within ten (10) Business Days of the date on which a Lender has received all of the items referred to in this subsection and the immediately preceding subsection (b), such Lender shall notify the Administrative Agent in writing whether or not such Xxxxxx accepts such Property as a Secured Pool Property.

Related to Secured Pool Property

  • Collateral Pool means the aggregate total of the Collateral.

  • Borrowing Base Property means any one of the Borrowing Base Properties.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • Guarantor Collateral all of the property (tangible or intangible) purported to be subject to the lien or security interest purported to be created by any mortgage, deed of trust, security agreement, pledge agreement, assignment or other security document heretofore or hereafter executed by any Guarantor as security for all or part of the Obligations or the Guarantees.

  • Securitization Property means the property described in section 10j.

  • Mortgage Pool Assets (i) The Mortgage Loans (including all Substitute Mortgage Loans) identified on the Mortgage Loan Schedule, and all rights pertaining thereto, including the related Mortgage Notes, Mortgages, Cooperative Stock Certificates, Cooperative Leases, Security Agreements, Assignments of Proprietary Lease, and Recognition Agreements, and all Monthly Payments due after the Cut-Off Date and all other payments and distributions collected with respect to the Mortgage Loans on or after the Cut-Off Date; (ii) the Certificate Account, the Investment Account, and all money, instruments, investment property, and other property credited thereto, carried therein, or deposited therein (except amounts constituting the Servicing Fee); (iii) the Custodial Accounts for P&I and any Buydown Fund Account (to the extent of the amounts on deposit or other property therein attributable to the Mortgage Loans), and all money, instruments, investment property, and other property credited thereto, carried therein, or deposited therein (except amounts constituting the Servicing Fee); (iv) all property that secured a Mortgage Loan and that has been acquired by foreclosure or deed in lieu of foreclosure or, in the case of a Cooperative Loan, a similar form of conversion, after the Cut-Off Date; and (v) each FHA insurance policy, Primary Insurance Policy, VA guaranty, and other insurance policy related to any Mortgage Loan, and all amounts paid or payable thereunder and all proceeds thereof.

  • First Priority Lien Obligations means (i) all Secured Bank Indebtedness, (ii) all other Obligations (not constituting Indebtedness) of the Issuer and its Restricted Subsidiaries under the agreements governing Secured Bank Indebtedness and (iii) all other Obligations of the Issuer or any of its Restricted Subsidiaries in respect of Hedging Obligations or Obligations in respect of cash management services, in each case owing to a Person that is a holder of Indebtedness described in clause (i) or Obligations described in clause (ii) or an Affiliate of such holder at the time of entry into such Hedging Obligations or Obligations in respect of cash management services.

  • Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.

  • Secured Property means the assets that are the subject of the security constituted by the Security Documents.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Second Priority Debt Obligations means the Initial Second Priority Debt Obligations and, with respect to any series, issue or class of Second Priority Debt, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Second Priority Debt, (b) all other amounts payable to the related Second Priority Debt Parties under the related Second Priority Debt Documents and (c) any renewals or extensions of the foregoing.

  • Portfolio Asset means an asset of an investment fund;

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • Secured Assets means (i) the Underlying Metal; (ii) all property, assets and sums held by the Issuing and Paying Agent and/or the Secured Account Custodian and/or the Metal Agent in connection with the ETC Securities and/or any Transaction Document (for the avoidance of doubt, not including any unallocated Metal standing to the credit of the Subscription Account which does not form part of the Underlying Metal), and (iii) any other property, assets and/or sums which have been charged, assigned, pledged and/or otherwise made subject to the security created by the Issuer in favour of the Trustee pursuant to the Security Deed.

  • Indenture Collateral has the meaning set forth in the Granting Clause of the Indenture.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • rateable property means property on which the municipality may in terms of Section 2 of the Property Rates Act 2004 levy a rate, but excluding property fully excluded from the levying of rates in terms of Section 17 of that Act.

  • Permitted Priority Liens means Liens permitted under any of the clauses (b), (c), (d), (e), (f) or (i) of Section 9.02.

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Released Mortgaged Property Proceeds As to any Mortgage Loan, proceeds received by the Servicer in connection with (a) a taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or (b) any release of part of the Mortgaged Property from the lien of the related Mortgage, whether by partial condemnation, sale or otherwise, which are not released to the Mortgagor in accordance with applicable law and mortgage servicing standards the Servicer would use in servicing mortgage loans for its own account and this Agreement.

  • First Priority Lien means any Lien created by the First Priority Security Documents.

  • Permitted Collateral Liens means any “Permitted Liens” other than Liens specified in clauses (2), (3), (4), (5), (14) or (18) of the definition of “Permitted Liens.”

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.