Material Real Estate definition

Material Real Estate means Real Estate with a fair market value in excess of $5,000,000.

Material Real Estate means any parcel of real property that is fee owned by a U.S. Loan Party, other than any parcel of real property that (i) has a fair market value less than $2,000,000 or (ii) is subject to a Lien permitted by Section 7.01(p) which prohibits the granting of a Lien to the U.S. Administrative Agent.

Material Real Estate all real property at any time owned or leased (as lessee or sublessee) by any of the Loan Parties with a value in excess of $500,000; provided that any real property consisting solely of an office lease shall not be required to be “Material Real Estate.”

Examples of Material Real Estate in a sentence

• In 2017, the total volume of food transported reached 480 million tons, including 230 million tons of interprovincial transport.

• None of the Companies and, to the Knowledge of Seller, no other party is in breach of any Material Real Estate Lease.

• Unfortunately, this approach still fails when it encounters curtains in the equational constraint, but by building on Lazard’s work, it can handle curtains present in otherconstraints of the QFF.

• The Material Real Estate Leases are (i) in full force and effect (ii) represent the legal, valid and binding obligations of the Company that is a party thereto and, to the Knowledge of Seller, represent the legal, valid and binding obligation of the other parties thereto, in each case enforceable in accordance with its terms.

• None of the Companies and, to the Knowledge of Sellers, no other party is in breach in any material respect of any Material Real Estate Lease.

More Definitions of Material Real Estate

Material Real Estate means any fee-owned real property having a fair market value (as determined in good faith by the Borrower) of at least $7,500,000.

Material Real Estate means (i) the Real Estate subject to any Mortgage, (ii) any Real Estate having a value in excess of $250,000, (iii) any Real Estate leased, subleased or used by any Credit Party with respect to which the aggregate annual payments therefor exceed $300,000, and/or (iv) any Real Estate that the Requisite Lenders have determined is material to the business, operations, assets or financial condition of the Credit Parties.

Material Real Estate means any wholly-owned, fee-owned Real Estate Asset having a fair market value in excess of $150,000,000.

Material Real Estate means Real Estate with a fair market value (as reasonably determined by the Borrower in consultation with the Administrative Agent) in excess of $10,000,000.

Material Real Estate means any piece of Real Estate located in the United States or the United Kingdom that is owned in fee by a Loan Party having a fair market value in excess of $3,500,000 as reasonably determined, in good faith, by the Borrower and reasonably acceptable to the Agent. For the avoidance of doubt, Material Real Estate shall not include any leased Store.

Material Real Estate means any Real Estate located in the United States and owned in fee by any US Obligor with a fair market value of $1,000,000 or more, as reasonably determined by US Borrower Agent in good faith.

Material Real Estate means any Real Estate that has a Fair Market Value in excess of $500,000, as reasonably determined by the Borrower based on available information including book value, assessed value, existing title policy amounts and existing appraisals.