New Orleans Property definition

New Orleans Property means the Real Property more particularly described on Schedule 2(B) as the "New Orleans Property".
Sample 1Sample 2
New Orleans Property the Boomtown New Orleans hotel and river-boat casino, located in Harvey, Louisiana.
Sample 1
New Orleans Property means that certain property known as Hyatt Regency New Orleans located in New Orleans, Louisiana.
Sample 1

Examples of New Orleans Property in a sentence

  • The Company shall promptly provide Parent with all material documents relating to the negotiation and sale of the New Orleans Property.

  • Notwithstanding the foregoing, the Bank agrees that the initial Advance to be made on the date hereof shall be in the amount of $5,936,784.93 and shall be used solely for the following purposes: (i) to repay all interest and principal outstanding under the Original Loan; and (ii) to repay that certain mortgage currently encumbering the New Orleans Property.

  • The Bank shall have received evidence that the Mortgages have been recorded, creating a valid first priority Lien on the Las Vegas Property (the "Las Vegas Mortgage"), the New Orleans Property (the "New Orleans Mortgage"), and the Washington Property (the "Washington Mortgage") which Mortgages shall be in the form of Exhibit E (with such changes as are necessary or appropriate so as to conform to the law and practice of the state in which each Mortgaged Property is located).

  • The Borrower will not permit the Total Leverage Ratio: (i) at any time during the first two years of the Facility, to be greater than 0.75 to 1.0, (ii) at any time during the third year of the Facility, to be greater than 0.70 to 1.0 (or, if the Hyatt New Orleans Property is no longer a Property, 0.65 to 1.0), (iii) at any time during the fourth year of the Facility or during the Extension Term, to be greater than 0.65 to 1.0.

  • Since December 31, 2004 there has been no development or event that has had or could reasonably be expected to have a Material Adverse Effect, other than the property damage to and effects on the operating results of the Biloxi Property, the New Orleans Property and the Lake Xxxxxxx Property, in each case, resulting from Hurricane Xxxxxxx and/or Hurricane Xxxx.

  • The Borrower will not permit the Total Fixed Charge Coverage Ratio, on a consolidated basis, as of the end of any Fiscal Quarter, prior to the Initial Maturity Date, to be less than 1.20:1.00 (or, if the Hyatt New Orleans Property has re-opened to the general public for twelve (12) months, then not less than 1.25: 1.00) and during the Extension Term, to be less than 1.40:1.00.

Related to New Orleans Property

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Retail Property means a Property improved with a building or buildings the substantial use of which is retail space, which may include a Property that is part of a Mixed-Use Property.

  • 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.

  • DOCPROPERTY SWDocID" #4870-7680-5924v2" ""

  • 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.

  • Public Property means any and all property owned by the City or held in the name of the City by any of the departments, commissions or agencies within the City government.

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

  • Residential property means improved property that:-

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

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • 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.

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • hazardous properties means radioactive, toxic or explosive properties.

  • Historic building means a building, including its structural components, that is located in this state and that is either individually listed on the national register of historic places under 16 U.S.C. 470a, located in a registered historic district, and certified by the state historic preservation officer as being of historic significance to the district, or is individually listed as an historic landmark designated by a local government certified under 16 U.S.C. 470a(c).

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Adjoining Property means all sidewalks, driveways, curbs, gores and vault spaces adjoining any of the Leased Premises.

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

  • Foreclosure Property shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • 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.

  • 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;