Sustainability Rating means, with respect to any Reference Year, the “GRESB Score”, as calculated and assigned to the Borrower from time to time by GRESB and published in the most recently released GRESB Real Estate Assessment thereof. It is understood and agreed that the first Sustainability Rating is expected to be for the Reference Year ending December 31, 2021, which is expected to be available and reported in the Compliance Certificate to be delivered for the fiscal quarter ending September 30, 2022, and the Sustainability Rating is expected to be updated and reported for each subsequent Reference Year in September of the calendar year immediately following such Reference Year.
Sustainability Rating means, with respect to any Reference Year, the “GRESB Score”, as calculated and assigned to the Borrower, Healthpeak or Healthpeak OP (as applicable) from time to time by GRESB and published in the most recently released GRESB Real Estate Assessment thereof. It is understood and agreed that the Sustainability Rating for the First Rated Year shall be deemed to be the Borrower’s initial Sustainability Rating of the Borrower, Healthpeak or Healthpeak OP (as applicable) as in effect following the Effective Date.
Sustainability Rating means, with respect to any Reference Year, the “GRESB Score”, as calculated and assigned to the Borrower from time to time by GRESB and published in the most recently released GRESB Real Estate Assessment thereof. It is understood and agreed that the first Sustainability Rating is expected to be for the Reference Year ending December 31, 2020, which is expected to be available and reported in the Compliance Certificate to be delivered for the fiscal quarter ending September 30, 2021, and the Sustainability Rating is expected to be updated and reported for each subsequent Reference Year in September of the calendar year immediately following such Reference Year.
Examples of Sustainability Rating in a sentence
Prompt notice to Administrative Agent of any discontinuation of the Sustainability Rating after an Authorized Officer becomes aware of such event.
Each party hereto hereby agrees that the Administrative Agent shall not have any responsibility for (or liability in respect of) reviewing, auditing or otherwise evaluating any Applicable Sustainability Adjustment (or any criteria on which such Applicable Sustainability Adjustment is based) set forth in any Sustainability Rating Certificate (and the Administrative Agent may rely conclusively on any such certificate, without further inquiry).
The Administrative Agent shall not be responsible or have any liability for, or have any duty to ascertain, inquire into or monitor compliance with, the provisions hereof relating to the Sustainability Rating.
In Europe, Flexjet is compliant with IS-BAO, is a Wyvern Wingman Certified Operator and holds a 4AIR Silver Sustainability Rating.
The Borrower will use commercially reasonable efforts to give prompt notice to the Administrative Agent (which the Administrative Agent shall promptly provide to the Lenders) of any discontinuation of the Sustainability Rating after an Authorized Officer becomes aware of such event.
More Definitions of Sustainability Rating
Sustainability Rating means, with respect to any Reference Year, the “GRESB Score”, as calculated and assigned to the Borrower from time to time by GRESB and published in the most recently released GRESB Real Estate Assessment thereof. It is understood and agreed that the Sustainability Rating for the First Rated Year shall be deemed to be the Borrower’s initial Sustainability Rating as in effect following the Effective Date.
Sustainability Rating means the overall environmental score (or a subcategory of the environmental score, as applicable) within the E&S Disclosure QualityScore issued by Institutional Shareholder Services (ISS).
Sustainability Rating means Postal Realty REIT’s overall Environmental or Social pillar’s score, as applicable within the Environmental & Social Disclosure QualityScore issued by Institutional Shareholder Services (“ISS”), or Postal Realty REIT’s overall Governance QualityScore issued by ISS. If ISS (a) is no longer able to issue or establish an Sustainability Rating, (b) notifies the Borrower, or makes an announcement to the effect, that it will no longer establish Sustainability Ratings, or (c) materially changes the way it determines the Sustainability Rating, then in any such case the Borrower and the Sustainability Structuring Agent shall negotiate in good faith (for a period of no more than 30 consecutive days, or such longer period as may be mutually agreed by the Borrower and the Sustainability Structuring Agent, acting reasonably) to amend the definition of Sustainability Rating and/or provide for a substitute basis for determining the Sustainability Rating and, pending the effectiveness of any such amendment, the Sustainability Pricing Adjustment shall be zero; provided that if no agreement can be reached between the Borrower and the Sustainability Structuring Agent (acting on behalf of the Required Lenders) during such negotiation period, the Sustainability Pricing Adjustment shall cease to apply to the Applicable Margin from and after the last day of such negotiation period.
Sustainability Rating means, with respect to any Reference Year, the “GRESB Score”, as calculated and assigned to the Borrower from time to time by GRESB and published in the most recently released GRESB Real Estate Assessment thereof. It is understood and agreed that the Sustainability Rating for the First Rated Year shall be deemed to be the Borrower’s initial Sustainability Rating as in effect following the Effective Date. “Sustainability Rating Change” means, for any Reference Year, the percentage change of the Sustainability Rating over the Sustainability Rating for the immediately preceding Reference Year. “Swap Bank” means (a) any Person that is a Lender or an Affiliate of a Lender at the time that it becomes a party to a Swap Contract with any Credit Party and (b) any Lender on the Effective Date or Affiliate of such Lender that is party to a Swap Contract with any Credit Party in existence on the Effective Date, in each case to the extent permitted by Section 8.1(f). “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement. “Swap Obligations” means with respect to any Guarantor any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act. “Swap...
Sustainability Rating means the environmental social and governance (ESG) rating obtained by the Borrower from Dow Xxxxx, S&P, GRESB or any similar index reasonably approved by the Administrative Agent.
Sustainability Rating means, with respect to any Reference Year or calendar year, the “GRESB Score”, as calculated and assigned to the Borrower from time to time by GRESB and published in the most recently released GRESB Real Estate Assessment.
Sustainability Rating means the environmental social and governance (ESG) rating obtained by the Borrower from Dow Jones, S&P, GRESB or any similar index reasonably approved by the Administrative Agent.