After Acquired Real Property definition

After Acquired Real Property has the meaning specified in Section 9.5.
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After Acquired Real Property means future owned real properties owned by any Issuer or any Guarantor with a fair market value in excess of $3,000,000.
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After Acquired Real Property any property that is the subject of a Mortgage pursuant to Section 6.11(h).
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Examples of After Acquired Real Property in a sentence

  • In no event shall any title insurance policy covering such After Acquired Real Property obtained pursuant to the requirements set forth herein be in an amount which is less than the Fair Market Value of such After Acquired Real Property.

  • As soon as practicable thereafter, the Company shall execute and deliver, or shall cause the Person holding such After Acquired Real Property (if other than the Company) to execute and deliver, to the Collateral Agent a Mortgage on such After Acquired Real Property together with such other Mortgage Documents relating thereto as the Collateral Agent shall reasonably require.

  • Promptly (and in any event within 10 days) following the acquisition by it or any of its Subsidiaries of any After Acquired Real Property, notify the Collateral Agent that such After Acquired Real Property was acquired and provide to the Collateral Agent a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (“Current Value”).

  • Permit any Subsidiary of the Parent that is a CFC and not a Loan Party to acquire any After Acquired Real Property after the Restatement Effective Date.

  • For each Real Property Loan, beginning on the first calendar day of the month following an advance for the inclusion of Eligible Real Property or After Acquired Real Property, that portion of availability under the Real Property Sublimit allocated for such parcel shall be reduced in the amount of 1/80th of the original principal amount of such Loan on a quarterly basis.

  • Company agrees that upon the acquisition of any After Acquired Property Real Property Interest, it will execute, deliver and or file such mortgages and other instruments as is reasonably necessary in order to grant to Collateral Agent a perfected first priority security interest in such After Acquired Real Property Interest.

  • Company agrees to notify Collateral Agent of any locations of After Acquired Real Property Interest.

  • After Acquired Real Property ....................................................


More Definitions of After Acquired Real Property

After Acquired Real Property shall have the meaning provided in Section 7.12(c). “Agent Fee Letter” means that certain Agency Fee Letter, dated the date hereof, between the Borrower and the Administrative Agent.
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After Acquired Real Property any property that is the subject of a Mortgage pursuant to Section 5.10 of the Credit Agreement.
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After Acquired Real Property means any fee interest in real property acquired by the Parent or any of its Subsidiaries after the date hereof with a Current Value in excess of $1,000,000.
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After Acquired Real Property means future owned real properties owned by any Stage I Issuer or any Guarantor with a fair market value in excess of $3,000,000.
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After Acquired Real Property shall have the meaning set forth in Section 7.16(b) hereof.
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Related to After Acquired Real Property

  • After-Acquired Property means any property (other than Collateral or Excluded Property) that is acquired or otherwise owned by the Company or any Subsidiary after the Issue Date of a type that secures the Secured Obligations.

  • Transferred Real Property shall have the meaning set forth in Section 1.2(a)(vii).

  • Excluded Real Property means (a) any fee-owned real property with a purchase price (in the case of real property acquired after the Effective Date) or Fair Market Value (in the case of real property owned as of the Effective Date, with Fair Market Value determined as of the Effective Date) of less than $3,500,000 individually, (b) any real property that is subject to a Lien permitted by Sections 6.02(iv), (xix), (xxii), (xxiii), (xxviii) or (xxxi), (c) any real property with respect to which, in the reasonable judgment of the Term Administrative Agent (confirmed by notice to the Borrower) the cost (including as a result of adverse tax consequences) of providing a Mortgage shall be excessive in view of the benefits to be obtained by the Lenders, (d) any real property to the extent providing a mortgage on such real property would (i) be prohibited or limited by any applicable law, rule or regulation (but only so long as such prohibition or limitation is in effect), (ii) violate a contractual obligation to the owners of such real property (other than any such owners that are the Borrower or Affiliates of the Borrower) that is binding on or relating to such real property (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) but only to the extent such contractual obligation was not incurred in anticipation of this provision or (iii) give any other party (other than the Borrower or a wholly-owned Restricted Subsidiary of the Borrower) to any contract, agreement, instrument or indenture governing such real property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (e) any Leasehold.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • 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.

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

  • Borrowing Base Properties means the Oil and Gas Properties of the Loan Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 8.12.

  • Real Property Assets means, as of any time, the real property assets (including interests in participating mortgages in which the Borrower’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by the Borrower, EQR and the Consolidated Subsidiaries of either or both at such time.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Mortgaged Real Property means each of the parcels of real property set forth on Schedule 4 hereto, or interests therein, owned in fee by a Credit Party, together with each other parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Wholesale acquisition cost means the same as that term is defined in 42 U.S.C. Sec. 1395w-3a.

  • Undepreciated Real Estate Assets as of any date means the cost (original cost plus capital improvements) of real estate assets of the Company and its Subsidiaries on such date, before depreciation and amortization, determined on a consolidated basis in accordance with GAAP.

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

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

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • Hotel Property for any hotel means the Real Property and the Personal Property for such hotel.

  • Initial Properties means collectively the Properties listed on Schedule 1.1 and “Initial Property” means any of such Properties.

  • 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.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Borrowing Base Property means Eligible Property and/or Commercial Land that the Administrative Agent has agreed to include in calculations of the Borrowing Base pursuant to Section 4.1. A Property shall be excluded from the determination of the Borrowing Base if at any time such Property shall cease to be an Eligible Property.

  • After-Acquired Intellectual Property has the meaning assigned to such term in Section 4.02(d).

  • Estate in Real Property A fee simple estate in a parcel of land.

  • Target Business Acquisition Period means the period commencing from the effectiveness of the registration statement filed with the SEC in connection with the Company's IPO up to and including the first to occur of (i) a Business Combination; or (ii) the Termination Date.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Company Leased Real Property shall have the meaning set forth in Section 3.15(b).