Collateral Property Owner definition

Collateral Property Owner and “Collateral Property Owners” shall mean, from time to time, the Wholly-Owned Subsidiary or Subsidiaries of the Borrower or CRT which is or are the owner or owners of the fee simple interest in, or the approved ground lessee of, one or more Collateral Properties.
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Collateral Property Owner means, individually, each owner of a Collateral Property; collectively “Collateral Property Owners”. Companies means, as of any date, Borrower and each of its then Subsidiaries, and Company means any one of the Companies.
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Collateral Property Owner or Collateral Property Owners shall mean, singly and collectively, each of those Persons listed on Exhibit J who owns the respective Collateral Properties, together with the owners of any other Individual Properties which become Collateral Properties hereunder.
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Examples of Collateral Property Owner in a sentence

  • A first priority collateral assignment and security agreement granted by each Borrowing Base Property Owner to the Administrative Agent, for the ratable benefit of the Lenders, with respect to all Licenses and Permits and all contracts, agreements and warranties now owned or hereafter acquired by each Collateral Property Owner and related in any manner to each Collateral Property.

  • A first priority collateral assignment and security agreement granted by each Borrowing Base Property Owner to the Administrative Agent, for the ratable benefit of the Lenders, with respect to all Licenses and Permits and all contracts, agreements and warranties now owned or hereafter acquired by each Collateral Property Owner and related in any manner to each Collateral Property in substantially the form of Exhibit M (individually and collectively, the “Collateral Assignment of Contract”).

  • Each Subsidiary Guarantor and Collateral Property Owner is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

  • Such prepayment shall be made within three (3) calendar days after the date of receipt of the net cash proceeds of any such sale of Collateral Property by the Collateral Property Owner.

  • Each Collateral Property Owner is a Wholly-Owned Subsidiary of the Borrower.

  • All such sums are hereby assigned to Bank and Collateral Property Owner shall, upon request of Bank, make, execute, acknowledge, and deliver any and all additional assignments and documents as may be necessary from time to time to enable Bank to collect and receive any such sums.

  • Borrower shall cause each Collateral Property Owner to perform all of its obligations under any construction, architectural design, management, brokerage or other contract relating to the Collateral Property owned by such Collateral Property Owner, and shall cause such Collateral Property Owner to continue to be liable for all such obligations with respect thereto.

  • Bank shall provide Collateral Property Owner with a written summary of all expenses deducted from such awards.

  • Borrower shall, and shall cause each Collateral Property Owner to, promptly (a) make available to Bank upon request copies of all reports, studies, inspections and tests made on the Collateral Property, the Improvements, or any materials to be incorporated into the Improvements, and (b) make such additional tests on the Collateral Property, the Improvements, or any materials to be incorporated into the Improvements as Bank reasonably requires.

  • Borrower shall ensure that Bank receives any and all sums which may be awarded or become payable to Collateral Property Owner for the condemnation of any portion of the Collateral Property for public or quasi-public use, or by virtue of private sale in lieu thereof, and any sums which may be awarded or become payable to Collateral Property Owner for damages caused by public works or construction on or near the Collateral Property but only to the extent of the Obligations.

Related to Collateral Property Owner

  • Property Owner means any person shown as the owner of land on the last equalized assessment roll or otherwise known to be the owner of land by the city council. “Business owner” means any person recognized by the city as the owner of the business. “Owner” means either a business owner or a property owner. The city council has no obligation to obtain other information as to the ownership of land or businesses, and its determination of ownership shall be final and conclusive for the purposes of this part. Wherever this part requires the signature of the property owner, the signature of the authorized agent of the property owner shall be sufficient. Wherever this part requires the signature of the business owner, the signature of the authorized agent of the business owner shall be sufficient.

  • Borrowing Base Property means Eligible Property and/or Commercial Land that the Administrative Agent has agreed to include in calculations of the Borrowing Base pursuant to Section 4.1. A Property shall be excluded from the determination of the Borrowing Base if at any time such Property shall cease to be an Eligible Property.

  • Hotel Property means a Property on which there is located an operating hotel.

  • Property Owners association" or "association" means an incorporated or unincorporated entity upon

  • Borrowing Base Properties means the Oil and Gas Properties of the Loan Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 8.12.

  • Mortgage Borrower shall have the meaning set forth in the Recitals to this Agreement.

  • Collateral Pool means all of the Collateral.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Closing Date pursuant to Section 5.11(c).

  • Release Property shall have the meaning set forth in Section 2.6 hereof.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Unencumbered Properties means each Acceptable Property that either (a) is an Initial Unencumbered Property or (b) becomes an Unencumbered Property pursuant to Section 4.03, and “Unencumbered Property” means any one of the Unencumbered Properties.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Loan Property means any property in which the applicable party (or a subsidiary of it) holds a security interest and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Closing Date Mortgaged Property as defined in Section 3.1(i).

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit L, with such amendments, modifications or supplements thereto as may be approved by the Administrative Agent.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Unencumbered Property means any one of the Unencumbered Properties.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Operating Lessee means, with respect to a Hotel Property, the Subsidiary of the Parent Guarantor that leases such Hotel Property from a Subsidiary of the Parent Guarantor that is the owner or ground lessee of such Hotel Property.

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

  • Real Property Assets means as to any Person as of any time, the real property assets (including, without limitation, interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Contractor-acquired property means property acquired, fabricated, or otherwise provided by the Contractor for performing a contract, and to which the Government has title.

  • 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.

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.