CMBS Properties definition

CMBS Properties. The properties set forth on Schedule 1.01(b) hereto. --------------- Commission: The Securities and Exchange Commission. ---------- Conveyancing and Assumption Instruments: Collectively, the various --------------------------------------- agreements, instruments and other documents to be entered into to effect the Preliminary Transfers and the assignment of assets and the assumption of Liabilities contemplated by this Agreement and the Related Agreements in the manner contemplated herein and therein.agreements,

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CMBS Properties as listed on Schedule 1.5 attached hereto.

CMBS Properties means Harrah’s Atlantic City Holdings, LLC; Harrah’s Las Vegas, LLC; Harrah’s Laughlin, LLC; Flamingo Las Vegas Holdings, LLC; Paris Las Vegas Holding, LLC; and Rio Properties, LLC.

Examples of CMBS Properties in a sentence

• Franchising will be responsible for assuming all Liabilities constituting accounts payable of Choice and its Subsidiaries as of the Distribution Date (other than those relating to the CMBS Properties) (the "Choice Payables"), so long as such assumption would not cause the shareholders' equity of Franchising as of the Distribution Date (as determined in accordance with GAAP) (the "Franchising Equity") to be less than $40,000,000.

• The right, title and interest of each Grantor in, to and under the CMBS Properties Excess Cash Flow are not subject to any defense, offset, counterclaim or claim which could reasonably be expected to have a Material Adverse Effect, nor have any of the foregoing been asserted or alleged against any Grantor.

• Allocable Percentage – a fraction, (i) the numerator of which is the portion of Revenue generated by the Resort, and (ii) the denominator of which is Revenue, provided, that the sum of the Allocable Percentage under this Agreement and the Allocable Percentages (as defined and determined under the Management Agreements for the other CMBS Properties) shall equal 100%.

• CMBS Financing – all mortgage and mezzanine loans or related financings that directly or indirectly encumber the respective assets of, and/or direct or indirect equity interests in, the CMBS Properties.

• No amount payable to any Grantor under or in connection with any CMBS Properties Excess Cash Flow is evidenced by any Instrument or Chattel Paper which has not been delivered to the Lender.

• To the extent that any Grantor or any Subsidiary thereof is a party to any CMBS Documents, such Grantor shall, or cause any such Subsidiary to, perform and comply with its obligations under the CMBS Documents to the extent that failure by such Grantor or such Subsidiary to so comply could result in the failure to distribute any amount of, or reduce the distributable amount of, CMBS Properties Excess Cash Flow.

More Definitions of CMBS Properties

CMBS Properties as listed on Schedule 1.5 attached hereto; provided that, following the CMBS Release Date with respect to any CMBS Properties and the effectiveness of the releases thereof pursuant to Section 6.9(d), such properties will thereafter cease to be “CMBS Properties” for the purposes of the Loan Documents.

CMBS Properties means, in each case to the extent owned by a Subsidiary of the Company, the Existing CMBS Properties and the Acquired Properties listed in Parts I and II of Schedule III to this Agreement.

CMBS Properties means the Acquired Properties listed in Part II of Schedule III to this Agreement.

CMBS Properties means each of (i) 221 West 5th Street, Lorain, OH 44052, (ii) 1809 Latourette Drive, Jonesboro, AR 72404 and (iii) 650 N.W. Peacock Boulevard, Port St. Lucie, FL 34986.

CMBS Properties means each of (i) ▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, (ii) ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, Jonesboro, AR 72404 and (iii) 650 ▇.▇. ▇▇▇▇▇▇▇ Boulevard, Port St. Lucie, FL 34986.