Property Statements definition

Property Statements means (i) the consolidated income statements and balance sheets for Seller for the calendar years ended 2015 and 2016 (collectively, the “Year-End Financial Statements”); (ii) the unaudited, consolidated income statements and balance sheets as of and for the three (3) month period ended March 31, 2017 (the “Most Recent Financial Statements”; collectively, with the Year-End Financial Statements, the “Financial Statements”); and (iii) a schedule of capital improvements to each Facility that were completed in the fiscal years ended 2015 and 2016 and the period covered by the Most Recent Financial Statements, in each case identified in Schedule 6.1.14, including the notes and schedules thereto, if applicable.
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Property Statements means the statements identified in Schedule 6.1.17, including the notes and schedules thereto.
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Property Statements shall have the meaning set forth in Section 3.9.
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Examples of Property Statements in a sentence

  • In the event Lender determines, in connection with a Securitization, that the financial statements required in order to comply with Regulation S-X or Applicable Laws are other than as provided herein, then notwithstanding the provisions of this Section, Lender may request, and Borrower shall promptly provide, such combination of Acquired Property Statements and/or Standard Statements as may be necessary for such compliance.

  • In addition, as soon as practicable, and in any event within forty-five (45) days after the end of the fourth Fiscal Quarter, a year-end operating statement, in a form reasonably approved by Agent, which operating statement shall include actual year-to-date net operating income and net cash flow results for each Borrowing Base Property dated as of the last day of such Fiscal Quarter (collectively, with the Quarterly Borrowing Base Property Statements, the "BORROWING BASE PROPERTY STATEMENT").

  • All payments to EPA under this Section shall be identified as "stipulated penalties" and shall be made by wire transfer as specified in Paragraph 24.

  • Borrower has given to the Administrative Agent true, correct and complete copies of all BBP Leases, organizational documents, Financial Statements, Borrowing Base Property Statements, and all other documents and instruments referred to in the Loan Documents as having been delivered to the Administrative Agent.

  • The Property Statements for the Deerwood North Portfolio, taken together on a combined basis, fairly present the financial condition and the results of operations for the Seller Subsidiary that owns the Deerwood North Portfolio as of the respective dates and for the periods referred to in such Property Statements, all in accordance with GAAP, subject to normal year-end adjustments and the absence of notes, excluding the payment of the Existing Debt and related interest expense.

  • Ownership of Property, Statements, Opinions of Independent Certified Public Accountants and Electronic Access.

  • The Property Statements for the Deerwood South Portfolio, taken together on a combined basis, fairly present the financial condition and the results of operations for the Seller Subsidiary that owns the Deerwood South Portfolio as of the respective dates and for the periods referred to in such Property Statements, all in accordance with GAAP, subject to normal year-end adjustments and the absence of notes, excluding the payment of the Existing Debt and related interest expense.

  • In addition, as soon as practicable, and in any event within forty-five (45) days after the end of the fourth Fiscal Quarter of each Fiscal Year, a year-end operating statement, in a form approved by the Administrative Agent, which operating statement shall include net operating income and net cash flow results for each Mortgaged Property for such year end dated as of the last day of such Fiscal Quarter (collectively, with the Quarterly Operating Reports, the "Mortgaged Property Statements").

  • Borrower has given to Agent true, correct and complete copies of all Major BBP Leases, organizational documents, financial statements of the REIT and the Consolidated Entities, Borrowing Base Property Statements, Unencumbered Pool Statements and all other documents and instruments referred to in the Loan Documents as having been delivered to Agent.

  • Each -------------------------------------------------- of the Borrowing Base Property Statements to be delivered to the Administrative Agent pursuant to Section 6.1(a), (i) has been or will be, as applicable, -------------- prepared in accordance with the books and records of the applicable Borrowing Base Property, and (ii) fairly presents or will fairly present, as applicable, the results of operations of such Borrowing Base Property for the period then ended.


More Definitions of Property Statements

Property Statements has the meaning set forth in Section 6.05.
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Property Statements has the meaning given to such term in Section 6.1(a). ------------------- --------------
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Related to Property Statements

  • Real Property Deliverables means each of the following agreements, instruments and other documents in respect of each Facility:

  • Assets and Properties of any Person means all assets and properties of every kind, nature, character and description (whether real, personal or mixed, whether tangible or intangible, and wherever situated), including the goodwill related thereto, operated, owned or leased by such Person.

  • Property Income means cash rents (excluding non-cash straight-line rent) and other cash revenues received by the Borrower or a Guarantor in the ordinary course for any Property, but excluding security deposits and prepaid rent except to the extent applied in satisfaction of tenants’ obligations for rent.

  • Environmental Reports means each and every “Phase I Environmental Site Assessment” (and, if applicable, “Phase II Environment Site Assessment”) as referred to in the ASTM Standards on Environmental Site Assessments for Commercial Real Estate, E 1527-2000 and an asbestos survey, with respect to each Mortgaged Property, prepared by one or more Environmental Auditors and delivered to Lender and any amendments or supplements thereto delivered to Lender.

  • Phase I Report means, with respect to any Facility, a report that (i) conforms to the ASTM Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process, E 1527, (ii) was conducted no more than six months prior to the date such report is required to be delivered hereunder, by one or more environmental consulting firms reasonably satisfactory to Administrative Agent, (iii) includes an assessment of asbestos-containing materials at such Facility, (iv) is accompanied by (a) an estimate of the reasonable worst-case cost of investigating and remediating any Hazardous Materials Activity identified in the Phase I Report as giving rise to an actual or potential material violation of any Environmental Law or as presenting a material risk of giving rise to a material Environmental Claim, and (b) a current compliance audit setting forth an assessment of Holdings’, its Subsidiaries’ and such Facility’s current and past compliance with Environmental Laws and an estimate of the cost of rectifying any non-compliance with current Environmental Laws identified therein and the cost of compliance with reasonably anticipated future Environmental Laws identified therein.

  • 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.

  • Real Property Leases means all leases, sub-leases, licenses or other agreements, in each case, pursuant to which any Group Company leases or sub-leases any real property.

  • Governmental Real Property Disclosure Requirements means any Requirement of Law of any Governmental Authority requiring notification of the buyer, lessee, mortgagee, assignee or other transferee of any Real Property, facility, establishment or business, or notification, registration or filing to or with any Governmental Authority, in connection with the sale, lease, mortgage, assignment or other transfer (including any transfer of control) of any Real Property, facility, establishment or business, of the actual or threatened presence or Release in or into the Environment, or the use, disposal or handling of Hazardous Material on, at, under or near the Real Property, facility, establishment or business to be sold, leased, mortgaged, assigned or transferred.

  • Collateral Reports means the reports with respect to the Collateral referred to in Annex F.

  • 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.

  • Property records means the records created and maintained by the contractor in support of its stewardship responsibilities for the management of Government property.

  • Collateral Information Certificate the Collateral Information Certificate to be executed and delivered by the Borrower pursuant to Section 5.1, substantially in the form of Exhibit J.

  • CMSA Property File means a report substantially in the form of, and containing the information called for in, the downloadable form of the "Property File" available as of the Closing Date on the CMSA Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.

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

  • Personal Property Leases has the meaning set forth in Section 2.1(e).

  • Leased Properties has the meaning set forth in Section 3.1(n)(ii).

  • CREFC® Property File The data file in the “CREFC® Property File” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Real Property Laws has the meaning set forth in Section 4(l) below.

  • Transferred Real Property has the meaning set forth in Section 1.1(p).

  • CREFC® Special Servicer Property File The data file in the “CREFC® Special Servicer Property File” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

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

  • 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.

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

  • Property NOI means, with respect to any Property for any Rolling Period (without duplication) the aggregate amount of (i) Property Income for such period minus (ii) Property Expenses for such period.

  • Owned Properties has the meaning set forth in Section 3.16.

  • Property Information has the meaning specified in Section 4.03.