Significant Property definition

Significant Property means at any time property or assets of the Borrower or any Subsidiary having a book value (net of accumulated depreciation taken in accordance with GAAP) of at least $5,000,000.00 or that contributed (or is an integrated physical portion of an assemblage of assets that contributed) at least 5% of the gross income of the owner thereof for the fiscal quarter most recently ended.
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Significant Property means a Property that has a book value (without regard to any minority interest held by any person), as of June 30, 1997, of at least $10 million.
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Significant Property means at any time property or assets of the -Borrower or any Subsidiary having a book value (net of accumulated depreciation taken in accordance with GAAP) of at least $5,000,000.00 or that contributed (or is an integrated physical portion of an assemblage of assets that contributed) at least 5% of the gross income of the owner thereof for the fiscal quarter most recently ended.
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Examples of Significant Property in a sentence

  • In the event of a Severe Incident (defined in Section 20.3.1 below) or Significant Property Damage (defined in Section 20.3.2 below) (in each case, an “Incident”), Tenant shall notify Landlord within twenty-four (24) hours of learning of the occurrence of any such Incident via email at ▇▇▇▇▇▇@▇▇▇.▇▇▇.

  • If we believe that a reasonable probability exists that we will acquire a significant property or portfolio of properties (a "Significant Property Acquisition”), we will disclose the pending material terms of the Significant Property Acquisition in an Annual Report on Form 10-K, a Quarterly Report on Form 10-Q, or a Current Report on Form 8-K (a "Current Report”) after we have completed due diligence.

  • Further data will be made available after any pending Significant Property Acquisition is consummated, also by means of a Current Report, if appropriate.

  • Cause its Significant Property and the Significant Property of each of its Subsidiaries to be maintained, preserved, protected and kept in good repair, working order and condition so that the business carried on in connection therewith may be conducted properly and efficiently, except for normal wear and tear.

  • The defined term "Significant Property Damage" shall mean any incident resulting in significant damage to the Facility including, but not limited to the following: fires, floods, hail, severe wind, hurricanes and/or tornados, earthquakes, catastrophic structure failure, roof collapse, or any Force Majeure Event caused by either man or nature.

  • In the event of a Severe Incident (defined in subsection (a) below) or a Significant Property Damage (defined in subsection (b) below) (in each case, an “Incident”), Tenant shall notify Landlord within forty-eight (48) hours of Tenant’s knowledge of the occurrence of any such Incident via email at ▇▇▇▇▇▇@▇▇▇.▇▇▇.

  • Except as disclosed in the Disclosure Letter, the Business has not received notice of and, to Motorola's Knowledge, there is no plan, study or effort by any governmental or regulatory authority which would prevent the continued use of the owned Significant Property in the manner it was used prior to the Closing Date in the Business.

  • In the event of a Severe Incident (defined in Section 2.7(a) below) or Significant Property Damage (defined in Section 2.7(b) below) (in each case, an "Incident"), Management Company shall notify Tenant within twenty-four (24) hours of learning of the occurrence of any such Incident via email at n▇▇▇▇▇@▇▇▇.▇▇▇.

  • Significant Property Damage refers to damage that, at the time of the incident, is reasonably believed by the Company to exceed: Minnesota - $300.00.

  • The disclosure of any proposed Significant Property Acquisition cannot be relied upon as an assurance that we will ultimately consummate such acquisition or that the information provided concerning the proposed acquisition will not change between the date of the Current Report and any actual purchase.


More Definitions of Significant Property

Significant Property means the properties listed on EXHIBIT I hereto.
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Significant Property means property corresponding to the amount of over 50 average monthly salaries in the Republic of Macedonia at the time of committing the criminal act.
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Related to Significant Property

  • Vacant Property – means any land without any improvements thereon;

  • Significant Assets means one or more assets or businesses which, when purchased, optioned or otherwise acquired by the CPC, together with any other concurrent transactions, would result in the CPC meeting the initial listing requirements of the Exchange.

  • relevant property means property of a kind affected by the transfer order, whether it is an estate or interest in land or any other property.

  • Significant Asset Sale means each Asset Sale which generates Net Sale Proceeds of at least $10,000,000.

  • Joint Property means property that is owned by 2 or more persons with rights of survivorship, and includes a tenancy by the entireties in real property, a tenancy in personal property as provided in section 1 of 1927 PA 212, MCL 557.151, a joint tenancy, a joint tenancy with rights of survivorship, and a joint life estate with contingent remainder in fee. For purposes of this part, joint property is considered to consist of a present interest and a future interest. The future interest is the right of survivorship.