Substantial Asset definition

Substantial Asset means Real Property Assets of Borrower, ----------------- the REIT and any other Loan Party which, in the aggregate, constitutes more than 15% of the consolidated Net Operating Income of Borrower, the REIT and the other Loan Parties, derived from all Real Property Assets.
View Source
Substantial Asset means Real Property Assets of Borrower,
View Source
Substantial Asset means any individual asset or group of related assets having an aggregate Fair Market Value in excess of U.S.$75 million (or its equivalent).
View Source

Examples of Substantial Asset in a sentence

  • The Company shall require each Transferee to provide the seniority integration rights specified in the preceding sentence in connection with a Substantial Asset Sale in a written document enforceable against the Transferee by the Association and/or the Transferring Pilots.

  • The Company will not, nor will it permit any of its subsidiaries to sell, transfer, lease or otherwise make any Substantial Asset Sale (as such term is defined in Section 1.06) for consideration other than cash while the Notes or any part thereof remain outstanding.

  • The number of Transferring Pilots shall be determined by calculating the average pilot staffing on a monthly basis over the prior twelve (12) months attributable to the international route or route authority, aircraft and/or other assets or operations transferred to the particular Purchaser in connection with the Substantial Asset Sale.

  • The Company will not, nor will it permit any of its subsidiaries to sell, transfer, lease or otherwise make any Substantial Asset Sale (as such term is defined below) for consideration other than cash while the Note or any part thereof remains outstanding.

  • A “Partial Transaction” defined as the transfer to another Entity (other than in a Complete Transaction) of ownership and/or Control of a portion of the assets of the Company in a Substantial Asset Sale.


More Definitions of Substantial Asset

Substantial Asset means, subject to subsection 12.01(c), Real Property Assets of the Company, the REIT and any Subsidiary Guarantor which, in the aggregate, either (i) number more than 7.5% of the total number of all Real Property Assets (ii) contribute more than 7.5% of the consolidated Net Operating Income of the Company, the REIT and the Subsidiary Guarantors derived from all Real Property Assets.
View Source
Substantial Asset means any assets, taken alone or with other assets disposed of in the same or a series of related transactions, with an aggregate value in excess of $75,000.00; provided, however, that in any event "Substantial Assets" shall include the stock of any Subsidiary of the Borrower or all or substantially all of the assets of any such Subsidiary."
View Source