Acceptable Property definition

Acceptable Property means a Property (a) that is approved by the Administrative Agent and the Required Lenders, or (b) that meets the following requirements:
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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:
Sample 1Sample 2Sample 3
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:
Sample 1Sample 2Sample 3

Examples of Acceptable Property in a sentence

  • If, after the date of this Agreement, the Borrower has submitted to the Administrative Agent the notice contemplated by Section 4.03, then such Acceptable Property shall be deemed to be an Unencumbered Property.

  • The Borrower shall provide the Administrative Agent with a written notice of an Acceptable Property to be deemed an Unencumbered Property.

  • Borrower shall provide Administrative Agent with a written request for an Acceptable Property to be admitted into the Borrowing Base.

  • If, after the date of this Agreement, an Acceptable Property meets all the requirements to be included in the Borrowing Base set forth in this Article IV, then Administrative Agent shall 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.

  • An Acceptable Property shall not be deemed an Unencumbered Property until the applicable Subsidiary Guarantor shall have executed and delivered (or caused to be executed and delivered) to the Administrative Agent, for the benefit of the Lenders and any Specified Derivatives Providers, the Subsidiary Guaranty.

  • Each Acceptable Property shall be subject to Administrative Agent’s approval for admission into the Borrowing Base.

  • An Acceptable Property shall not be deemed an Unencumbered Property until the applicable Subsidiary Guarantor shall have executed and delivered (or caused to be executed and delivered) to the Administrative Agent, for the benefit of the Lenders the Subsidiary Guaranty.

  • All disputes shall initially be referred jointly to the Genco Project Executive and the Streamline Project Executive.

  • An Acceptable Property shall not be admitted into the Borrowing Base until: (a) the applicable Subsidiary Guarantor shall have executed and delivered (or caused to be executed and delivered) to Administrative Agent, for the benefit of the Lenders the Subsidiary Guaranty; and (b) Borrower and the applicable Subsidiary Guarantor shall have delivered to Administrative Agent all of the Property Information listed in Section 4.11.

  • The Harris County inspector will determine whether the residence meets local building and health and safety standards that may exist based on “Harris County’s Policy and Procedures for Minimum Acceptable Property Standards for Pre-Existing Single-Family Housing”.


More Definitions of Acceptable Property

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:
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Acceptable Property set forth in Section 1.01 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:
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Acceptable Property means any one of the Acceptable Properties.
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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.
Sample 1
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”.
Sample 1
Acceptable Property set forth in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
Sample 1

Related to Acceptable Property

  • Eligible Property means property beneficially owned by a person or entity other than the Fund and held in a bank account maintained by BNYM for or on behalf of the Fund, or property held in a Fund shareholder account, which is (x) subject to reporting or escheat under an Unclaimed Property Law, (y) of a nature or type or classification reasonably related to the services performed by BNYM under this Agreement (such as cash amounts representing non-negotiated dividend checks and shares in abandoned shareholder accounts), and (z) under the control of BNYM.

  • Qualified Property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.

  • Acceptable Collateral means: (i) a Letter of Credit; and/or (ii) a cash amount (in pounds) transferred to the credit of a Reserve Account;

  • movable property means property of every description except immovable property;

  • rateable property means property on which the municipality may in terms of Section 2 of the Property Rates Act 2004 levy a rate, but excluding property fully excluded from the levying of rates in terms of Section 17 of that Act.

  • Taxable Property means all Assessor’s Parcels which are not Exempt Property.

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

  • Specified Property means property for which an election has been made for a special elective benefit.

  • newly rateable property means any rateable property on which property rates were not levied before the end of the financial year preceding the date on which this Act took effect, excluding –

  • immovable property shall have the meaning which it has under the law of the Contracting State in which the property in question is situated. The term shall in any case include property accessory to immovable property, livestock and equipment used in agriculture and forestry, rights to which the provisions of general law respecting landed property apply, usufruct of immovable property and rights to variable or fixed payments as consideration for the working of, or the right to work, mineral deposits, sources and other natural resources; ships, boats and aircraft shall not be regarded as immovable property.

  • Borrowing Base Property means any one of the Borrowing Base Properties.

  • Property Notice means any order, notice, proposal, demand or other requirement issued by any competent authority (including the Landlord) which materially affects the Academy Trust’s ability to use the Land for the purposes of the Academy.

  • Unencumbered Property means any one of the Unencumbered Properties.

  • Release Property has the meaning set forth in Section 2.5.

  • Excluded Property shall have the meaning set forth in the Security Agreement.

  • Acceptable Document of Title means, with respect to any Inventory, a tangible, negotiable xxxx of lading or other Document (as defined in the UCC) that (a) is issued by a common carrier which is not an Affiliate of the Approved Foreign Vendor or any Loan Party which is in actual possession of such Inventory, (b) is issued to the order of a Loan Party or, if so requested by the Agent, to the order of the Agent, (c) names the Agent as a notify party and bears a conspicuous notation on its face of the Agent’s security interest therein, (d) is not subject to any Lien (other than in favor of the Agent), and (e) is on terms otherwise reasonably acceptable to the Agent.

  • Replacement Property means any property which is placed in service as a replacement for any item of Equipment or any Improvement previously subject to this Fee Agreement regardless of whether such property serves the same functions as the property it is replacing and regardless of whether more than one piece of property replaces any item of Equipment or any Improvement to the fullest extent that the FILOT Act permits.

  • Contractor-acquired property means property acquired, fabricated, or otherwise provided by the Contractor for performing a contract, and to which the Government has title.

  • 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.

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

  • Tangible Property means any furniture, fixtures, leasehold improvements, vehicles, office equipment, computer equipment, other equipment, machinery, tools, forms, supplies or other tangible personal property of any nature.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • 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.

  • Property Value means the fair market value of the real property, as remediated, less

  • Borrowing Base Properties means the Oil and Gas Properties of the Credit Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 9.14.

  • Leasehold Property means any leasehold interest of any Credit Party as lessee under any lease of real property.