Acquisition Asset definition

Acquisition Asset means an asset which has not been owned for at least a period of twelve (12) months.

Acquisition Asset means any asset which has been owned for a period of less than twenty-four (24) months.

Acquisition Asset means any improved real property asset that has been owned by any of the Borrower, its Consolidated Businesses or any UJV for fewer than eighteen (18) months, unless the Borrower has made a one-time election (by written notice to the Administrative Agent) to no longer treat such asset as an Acquisition Asset for purposes of this Agreement.

Examples of Acquisition Asset in a sentence

• The Company shall give thirty days prior written notice of the record date fixed for any Acquisition, Asset Transfer or event referred to in Section 4.2 or 4.

• In addition, this Agreement shall not constitute an agreement to assign or transfer any such Acquisition Asset or part thereof or any right or benefit arising thereunder or resulting therefrom if an attempted assignment or transfer thereof, without the Consent of such Person, would constitute a breach thereof or in any way affect the rights of Buyer or Seller thereunder.

• In the event that any of the Acquisition Assets are not assignable, or the Person(s) from whom a Consent to any such assignment or transfer, fail(s) or refuse(s) to Consent thereto before the Closing Date, Buyer shall have no obligation to assume and will not assume any such Designated Contract and shall have no obligation to purchase any such Acquisition Asset.

• Enter into any business, either directly or through any Subsidiary, except for those businesses in which the Borrower and its Subsidiaries are engaged on the date of this Agreement or which are reasonably related thereto (including, without limitation, in connection with any Permitted Acquisition, Asset Swap Transaction or otherwise).

• With respect to any applicable period during which the Acquisition, Asset Sale, Permitted Acquisition, Investment or Dividend occurs as permitted pursuant to the terms hereof, the financial covenants set forth in Section 6.10 shall be calculated with respect to such period and the Acquisition, Asset Sale, Permitted Acquisition, Investment or Dividend on a Pro Forma Basis.

More Definitions of Acquisition Asset

Acquisition Asset means any improved real property asset that has been owned by the Borrower, its Consolidated Businesses or any UJV for fewer than twelve (12) months, unless the Borrower has made a one-time election (by written notice to the Administrative Agent) to no longer treat such asset as an Acquisition Asset for purposes of this Agreement.

Acquisition Asset or "Acquisition Assets" shall continue to have the meaning set forth in Section 2.1 without giving effect to this Section 2.7.

Acquisition Asset means, as of any date of determination, any improved, income-producing Project that has been owned by the Borrower, the General Partner or their Subsidiaries for fewer than twenty-four (24) months or the Borrower’s pro rata share of any improved, income-producing real estate asset owned by an Investment Affiliate that is operated or intended to be operated as an office, medical office, industrial or retail property that has been owned by such Investment Affiliate for fewer than twenty-four (24) months, unless the Borrower has made a one-time election to treat such Project or income-producing real estate asset as a Stabilized Property (and no longer treat such Project or income-producing real estate asset as an Acquisition Asset).

Acquisition Asset means, as of any date of determination, any improved, income-producing Project that has been owned by the Borrower, the General Partner or their Subsidiaries for fewer than twelve (12) months, unless the Borrower has made a one-time election to treat such Project as a Stabilized Property (and no longer treat such Project as an Acquisition Asset).

Acquisition Asset means any asset acquired by Borrower or any Subsidiary after the Effective Date, until such asset has been owned for at least a period of one (1) year, at which time it will no longer be treated as an Acquisition Asset.

Acquisition Asset means any Property owned for a period of eighteen (18) months or less. For all purposes of this Agreement, an Acquisition Asset shall not cease to be an Acquisition Asset until the beginning of the first fiscal quarter immediately following the expiration of such eighteen (18) month period.

Acquisition Asset is hereby restated to read as follows: