Eligible Property. Abatement may be extended to the value of buildings, structures, fixed machinery and equipment, site improvements plus that office space and related fixed improvements necessary to the operation and administration of the facility.
Eligible Property. The Loan Parties shall not permit any Financed Property that was financed hereunder as an Eligible Property to fail to qualify as an Eligible Property; provided that an Eligible Property may become a Disqualified Property if such Property becomes a Reserved Property.
Eligible Property. Each Financed Property is either (i) an Eligible Property or (ii) a Disqualified Property that is a Reserved Property, as applicable.
Eligible Property. It is acknowledged and agreed by Owner that the standards and requirements for the Collateral constituting an Eligible Property and being included in calculations of the Borrowing Base are as set forth in the Credit Agreement, and that the Collateral subject hereto may cease to be an Eligible Property and cease to be included in calculating the Borrowing Base if the Collateral is not in compliance with such eligibility requirements, notwithstanding that the Collateral may remain subject to this Security Instrument.
Eligible Property. The Project qualifies as Eligible Property under Act 381.
Eligible Property. Any Property owned by a Borrower (or, in the case of an Acquisition Financed Property, to be purchased by a Borrower using proceeds of an Advance) that satisfies each of the Eligibility Requirements.
Eligible Property. Each Financed Property is either (i) an Eligible Property or (ii) a Disqualified Property that is a Reserved Property, and, as of the Restatement Effective Date, each Reserved Property shall be described on Schedule XI. 95
Eligible Property. Each Property proposed to be financed is an Eligible Property;
Eligible Property. The Parties agree that Sonterra will be allowed to request will-serve commitments under the 1994 Agreement, as amended by the First and Second Amendments, for any industrial or commercial development located on any property identified in Exhibit A of the 1994 Agreement and Exhibits A & B of the First Amendment, regardless of whether the property is owned by Sonterra. In addition, Sonterra will be allowed to request will-serve commitments under the 1994 Agreement, as amended by the First and Second Amendments, for any industrial or commercial development located within Section 4, Section 6, and the NE ¼ of the NW ¼ of Section 8 of Township 20 North, Range 25 East, M.D.B.&M. Sonterra acknowledges and agrees that the City may withhold will-serve commitments for any eligible property that is not currently located within the city limits until such time as Sonterra annexes such property into the City. Sonterra further acknowledges and agrees that the Remaining Credits, as defined in Section 4, shall not be transferrable to other properties not specifically identified herein whether or not such properties are located within the Fernley city limits.
