Multifamily Properties definition

Multifamily Properties means those Properties listed on Schedule 5 hereto. [List all properties of all Participating McNeil Partnerships not designated as "Commercial Properties" on Annex E to the Master Agreement.]
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Multifamily Properties. Includes multifamily dwellings such as apartment blocks, condominiums and cooperative owned buildings.
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Multifamily Properties means (i) any apartment Project of any Borrower or any Subsidiary thereof comprised of no less than fifty (50) individual units which Project can be operated as a single residential rental facility without necessity for sharing amenities (i.e., leasing offices, tennis courts, swimming pools and the like) with any other residential rental facility and (ii) any apartment Project of any Borrower or any Subsidiary thereof which Project can be operated as a single residential rental facility as a result of the sharing of amenities (i.e., leasing offices, tennis courts, swimming pools and the like) with any other adjoining apartment Project of any Borrower or any Subsidiary thereof.
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Examples of Multifamily Properties in a sentence

  • In addition, the Owner shall comply with HUD's Physical Condition Standards of Multifamily Properties of 24 CFR Part 200, Subpart P, including any changes in the regulation and related Directives.

  • As of the Agreement Date, the Loan Parties and the other Subsidiaries are primarily engaged in the business of acquiring, owning, redeveloping, developing, and managing Retail Properties and Mixed-Use Projects (including components of such Mixed-Use Projects that are Office Properties and Multifamily Properties), together with business activities reasonably related or incidental thereto.

  • Engage only in businesses in substantially the same fields as the businesses conducted on the Closing Date (specifically the ownership and operation of Multifamily Properties).

  • As of the Agreement Date, PPI, the Borrower, the other Loan Parties and the other Subsidiaries are principally engaged in the business of owning, acquiring, renovating, developing and managing Multifamily Properties, including Mixed-Use Projects, together with other business activities reasonably related or incidental thereto.

  • The Borrowers shall use the proceeds of the Loans (a) to refinance certain existing Debt of the Borrowers, including, without limitation, the Refinanced Debt, (b) to finance the acquisition and the rehabilitation of Multifamily Properties, and (c) for working capital and general corporate requirements of the Borrowers and their Subsidiaries, including the payment of certain fees and expenses incurred in connection with the transactions contemplated hereby.

  • Historical Performance of Our Multifamily Properties The following table shows a summary of information about each of the properties in the Existing Portfolio as of June 30, 2014 and December 31, 2013: (1) Information is presented only for those properties that were part of the Existing Portfolio as of the end of the applicable periods.

  • The amount of Gross Asset Value directly or indirectly owned by the Borrowers and the Guarantors to be less than ninety-five percent (95%) of the sum of (i) Gross Asset Value minus (ii) the value, to the extent included in Gross Asset Value, of all Multifamily Properties and Non-Multifamily Properties that are owned in fee simple by a Qualified Intermediary and that are consolidated with the assets of Parent, the Subsidiaries and/or the other Loan Parties in accordance with GAAP.

  • COLLATERAL: Sub-Pool 1: conventional, fixed-rate mortgage loans secured by first or second liens on one- to four-family residential properties ("Single Family Properties"), residential properties consisting of five or more dwelling units ("Multifamily Properties") and mixed residential and commercial structures ("Mixed Use Properties") plus Sub-Pool 1 pre-funding account.

  • The Property Listed Employees shall not constitute less than 75% of those employees of McREMI who, as of the Proxy Mailing Date, were Property Employees for Multifamily Properties with respect to the Participating XxXxxx Partnerships.

  • The Listed Employees shall be comprised of two groups: one group shall be comprised of Property Employees for Multifamily Properties and shall be designated on the Employment List as the "Property Listed Employees" (the "Property Listed Employees") and the other group shall be comprised of Corporate Employees and shall be designated on the Employment List as the "Corporate Listed Employees" (the "Corporate Listed Employees").


More Definitions of Multifamily Properties

Multifamily Properties means, with respect to any Person, (i) any apartment Property comprised of no less than fifty (50) individual units which Property can be operated as a single residential rental facility without necessity for sharing amenities, (i.e., leasing offices, tennis courts, swimming pools and the like) with any other residential rental facility and (ii) any apartment Property comprised of no less than fifty (50) units which Property can be operated as a single residential rental facility as a result of the sharing of amenities (i.e., leasing offices, tennis courts, swimming pools and the like) with any other adjoining apartment Property of such Person comprised of no less than fifty (50) units.
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Multifamily Properties means those Properties listed on Schedule 5 hereto. [List all properties of all Participating XxXxxx Partnerships not designated as "Commercial Properties" on Annex E to the Master Agreement.]
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Related to Multifamily Properties

  • Multifamily Property means a Property improved with, and from which at least 80% of the rental income is derived from, residential apartments, which may include a Property that is a part of a Mixed-Use Project.

  • Single Family Property A one-unit residential property.

  • Real Estate Leases has the meaning set forth in Section 2.1(d)(ii).

  • Common Properties means and refer to those areas of land shown on any recorded subdivision plat of The Properties and intended to be devoted to the common use and enjoyment of the owners of The Properties.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

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

  • Real Estate means all Leases and all land, together with the buildings, structures, parking areas, and other improvements thereon, now or hereafter owned by any Loan Party, including all easements, rights-of-way, and similar rights relating thereto and all leases, tenancies, and occupancies thereof.

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties (including the Borrowing Base Properties) owned or leased by the Consolidated Parties at such time.

  • Initial Properties means collectively the Properties listed on Schedule 1.1 and “Initial Property” means any of such Properties.

  • 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.

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

  • Residential property means improved property that:-

  • Commercial property means property formerly or currently used primarily for business, retail, governmental or professional purposes.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and related real estate activities, including the provision of mortgage financing or title insurance.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • 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.

  • 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).

  • 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.

  • 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.

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.