Acceptable Property means a Property (a) that is approved by the Administrative Agent and the Required Lenders, or (b) that meets the following requirements:
Acceptable Property means a Property (a) that is approved by Administrative Agent and Required Lenders, or (b) that is approved by Administrative Agent and meets the following requirements:
Acceptable Property means a Property that meets the following requirements and for which approval has been obtained, to the extent any approval is required under any Material Credit Facility:
Examples of Acceptable Property in a sentence
Upon satisfaction of all requirements for such Property to be included in the Borrowing Base set forth in this Section 5.04, the Administrative Agent shall promptly notify Borrower and Lenders in writing (a) that such Acceptable Property is admitted into the Borrowing Base, and (b) of any changes to the Borrowing Base as a result of the admission of such Acceptable Property into the Borrowing Base.
More Definitions of Acceptable Property
Acceptable Property means a Property (a) that is approved by Administrative Agent and meets the following requirements, or (b) that is approved by Administrative Agent and the Required Lenders:
Acceptable Property means a Real Property that meets the Eligibility Criteria (as determined by the Required Lenders) and is otherwise approved by Administrative Agent and Required Lenders in their reasonable discretion.
Acceptable Property set forth in Section 1.01 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:
Acceptable Property means any one of the Acceptable Properties.
Acceptable Property means a Property (a) that is approved by the Administrative Agent and the Required Lenders, or (b) that meets the following requirements: (i) such Property is wholly-owned by, or ground leased pursuant to an Acceptable Ground Lease to, the Borrower or a Subsidiary Guarantor free and clear of any Liens (other than Liens permitted by Section 6.01); (ii) such Property is located within the United States or Puerto Rico; (iii) if such Property is owned by a Subsidiary Guarantor, or is ground leased pursuant to an Acceptable Ground Lease to a Subsidiary Guarantor, then the Stock of such Subsidiary Guarantor is owned, directly or indirectly by the Borrower, free and clear of any Liens other than Liens permitted by Section 6.01; and (iv) such Property is free of all structural defects or major architectural deficiencies, title defects, environmental conditions or other adverse matters except for defects, deficiencies, conditions or other matters which, individually or collectively, are not material to the profitable operation of such Property. “Unsecured Indebtedness” means, for any Person as of any date of determination, Indebtedness as of such date of such Person, in each case, that is not secured by a Lien and as determined in accordance with GAAP and calculated as the sum of (x) 100% of Unsecured Indebtedness as of such date for the Parent and the Borrower, and the Borrower’s pro rata share of Unsecured Indebtedness as of such date for the other consolidated businesses, plus (y) the portion of Unsecured Indebtedness as of such date for the minority holdings allocable to the Borrower. Notwithstanding the foregoing, all Indebtedness under the Credit Documents shall be deemed to be included in the definition of “Unsecured Indebtedness”. Section 1.02
Acceptable Property means any plant (including land and improvements), machinery and equipment used or useful in the ordinary course of the business of the Company or any Subsidiary and which Property is acquired or constructed (including by means of Capital Lease) by the Company or such Subsidiary after the Closing Date.
Acceptable Property set forth in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: