Substitute Properties definition

Substitute Properties shall have the respective meanings set forth in Section 2.4.2(a).

Substitute Properties has the meaning set forth in Section 20.1.

Substitute Properties shall have the respective meanings set forth in Section 11.29.

Examples of Substitute Properties in a sentence

• An Issuer may remove a Terminated Lease Property or REO Property from the Collateral Pool in exchange for the addition of one or more Qualified Substitute Properties to the Collateral Pool pursuant to the provisions of Section 7.01.

• Subject to the terms and conditions set forth in this Section 2.6, Borrower may obtain a release of the Lien of a Security Instrument (and the related Loan Documents) encumbering an Individual Property (a "Substituted Property") by substituting therefor its fee interest in one or more hotel properties of like kind and quality acquired by Borrower (individually, a "Substitute Property" and collectively, the "Substitute Properties"), provided that no such substitution may occur after the Maturity Date.

• See, e.g., Kevin Emerson Collins, Getting into the “Spirit” of Innovative Things: Looking to Complementary and Substitute Properties to Shape Patent Protection for Improvements, 26 BERKELEY TECH.

• There are adequate rights of access either directly or through an easement, to public roads and ways available to each of the Substitute Properties to permit full utilization of each of the Substitute Properties for its intended purpose and all such public roads and ways have been completed and dedicated to public use.

• From and after the substitution of one or more Substitute Properties in accordance herewith, each such Substitute Property shall thereafter be deemed a Facility under the Loan Documents, and in the case of more than one Substitute Property, the sum of the allocated loan amounts of each of the Substitute Properties plus each Facility which is not a Replaced Facility (the "Remaining Facilities"), shall equal the Principal Indebtedness.

More Definitions of Substitute Properties

Substitute Properties. As defined in Section 21.1. Taking: A taking or voluntary conveyance during the Term hereof of all or part of the Leased Property, or any interest therein or right accruing thereto or use thereof, as the result of, or in settlement of, any Condemnation or other eminent domain proceeding affecting the Leased Property whether or not the same shall have actually been commenced.

Substitute Properties shall have the meaning given such term in Section 16.1.

Substitute Properties means, collectively, more than one Substitute Property.

Substitute Properties means those Properties which are substituted for Selected Premises pursuant to the terms set forth in this Agreement.

Substitute Properties. As defined in Article 16.

Substitute Properties. As defined in Article XXII.

Substitute Properties has the meaning assigned in --------------------- Section 2.6. "SUBSTITUTE PROPERTY" has the meaning assigned in ------------------- Section 2.6. "SUBSTITUTED PROPERTY" has the meaning assigned in -------------------- Section 2.6. "SUBSTITUTE RELEASE AMOUNT" has the meaning assigned in ------------------------- Section 2.6. "SUCCESSOR" has the meaning assigned in Section --------- 10.1(c). "SUCCESSOR BORROWER" has the meaning assigned in ------------------ Section 2.5(c). "TAX AND INSURANCE ESCROW FUND" has the meaning ----------------------------- assigned in Section 5.4. "TAXES" has the meaning assigned in Section 10.2. ----- "THRESHOLD AMOUNT" has the meaning assigned in Section ---------------- 10.12. "TRANSFEREE" has the meaning assigned in Section ---------- 10.1(d)(ii). "TREASURY RATE" shall mean, as of the Anticipated ------------- Payment Date, the yield, calculated by linear interpolation (rounded to the nearest one-thousandth of one percent (i.e., 0.001%) of the yields of noncallable United States Treasury obligations with terms (one longer and one shorter) most nearly approximating the period from such date of determination to the Maturity Date, as determined by Lender on the basis of Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Governmental Security/Treasury Constant Maturities, or other recognized source of financial market information selected by Lender. "UNDEFEASED NOTE" has the meaning assigned in Section --------------- 2.4(b)(v). "U.S. OBLIGATIONS" shall mean direct non-callable ---------------- obligations of the United States of America. "YIELD MAINTENANCE PREMIUM" shall mean the amount (if ------------------------- any) which, when added to the remaining principal amount of the Note or the principal amount of the Defeased Note, as applicable, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments. ARTICLE 2 LOAN TERMS ---------- SECTION 2.1