Collateral Pool Properties definition

Collateral Pool Properties means the multi-family real property or properties, as the case may be, as set forth in Schedule 1.1(A), together with any multi-family real properties which have been added to the Collateral Pool and less any real properties which have been released from the Collateral Pool hereunder.
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Collateral Pool Properties means the Eligible Real Estate which is security for the Obligations pursuant to the Mortgages (or, from and after the Equity-Secured Financial Covenant Election Date solely with respect to any Real Estate designated after such date, pledge of the Equity Interests in the owner of such Real Estate pursuant to the Pledge Agreement).
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Collateral Pool Properties means, as of any date, collectively, the Mortgage Properties and the Partnership Interest Properties then meeting all of the eligibility requirements under the definition of an Eligible Collateral Pool Property and under Section 2.3 hereof, subject to the release of the Partnership Interest Properties at the time and on the conditions set out in Section 2.3(b) below.
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Examples of Collateral Pool Properties in a sentence

  • Lender may furnish information regarding Borrower or the Collateral Pool Properties to third parties with an existing or prospective interest in the servicing, enforcement, evaluation, performance, purchase or securitization of the Loan, including, but not limited to, trustees, master servicers, special servicers, rating agencies, and organizations maintaining databases on the underwriting and performance of multifamily mortgage loans.

  • Except as disclosed to Lender in writing, Borrower has not claimed, nor does Borrower intend to claim a low income housing tax credit for any of the Collateral Pool Properties under Section 42 of the Internal Revenue Code of 1986, or any successor Section thereto.

  • Borrower grants to Lender the right to distribute on a confidential basis financial and other information concerning Borrower, each indemnitor, other Person, the Collateral Pool Properties, and other pertinent information with respect to the Loan to any party purchasing securities issued by Lender.

  • The Borrower shall promptly deliver to the Agent a copy of each report pertaining to the Collateral Pool Properties or to the Borrower prepared by or on behalf of the Borrower pursuant to any Environmental Requirement.

  • Upon any Default or Unmatured Default hereunder, the Agent may order new or updated appraisals on any Collateral Pool Properties selected by the Agent.

  • On the date of this Agreement, the Borrower will have good title, free of all Liens other than Permitted Liens, to all of the Collateral Pool Properties as identified on Exhibits G and H.

  • Borrower is a corporation, partnership, limited liability company, or real estate investment trust, duly organized, validly existing and in good standing under the Laws of its jurisdiction of organization or formation, as the case may be, and Borrower has the lawful power to own or lease the Collateral Pool Properties and to engage in the business it presently conducts or proposes to conduct.

  • The Borrower shall comply, and shall take all reasonable and necessary steps to ensure that the Lessee complies, with all requirements of all franchise agreements affecting the use and operation of the Collateral Pool Properties, and shall promptly notify the Agent within ten (10) days of the Borrower learning of any default or alleged default under any such franchise agreement(s), or of any change therein which could have a Material Adverse Effect.

  • Each of the Collateral Pool Properties satisfies all of the requirements under the Loan Documents for being an Eligible Property.

  • Property Borrowers have good and marketable title to all Collateral Pool Properties and to all other assets which each purports to own or which are reflected as owned on its books and records, free and clear of all Liens and encumbrances except the Permitted Exceptions and such other Liens as are permitted pursuant to the Loan Documents.


More Definitions of Collateral Pool Properties

Collateral Pool Properties. Those Properties approved as such by the Required Banks and for which the Borrower has delivered to the Agent all of the Loan Documents or other information required to be delivered under this Agreement.
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Collateral Pool Properties means the Partnership Interest Properties listed on Exhibit H-1.
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Collateral Pool Properties means those Eligible Properties (a) that have been approved pursuant to Article IV. for inclusion when calculating the Maximum Loan Availability and (b) in which the Agent holds a valid and perfected first priority Lien for the benefit of the Lenders. If at any time a Real Property Asset that has been deemed to be a Collateral Pool Property shall cease to be an Eligible Property, or the Agent shall cease to hold such a Lien for any reason (other than the failure of the Agent to take any action within its control), then such Real Property Asset shall also cease to be a Collateral Pool Property.
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Collateral Pool Properties means the Mortgaged Property or Mortgaged Properties, as the case may be, as set forth in Schedule 1.1(A), together with any Mortgaged Properties which have been added to the Collateral Pool and less any Mortgaged Properties which have been released from the Collateral Pool hereunder. Schedule 1.1(A) shall be deemed amended each time a Mortgaged Property is added to the Collateral Pool or released from the Collateral Pool in accordance with the terms of this Agreement. As a condition precedent to the addition of a Mortgaged Property to the Collateral Pool, such Mortgaged Property shall be acceptable to Lender in its sole discretion, fully constructed and shall have received all final certificates of occupancy.
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Collateral Pool Properties means, collectively, and “Collateral Pool Property” means separately the Real Property Assets identified on Schedule 1.1(C).
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Related to Collateral Pool Properties

  • Collateral Pool means, at any time, each Portfolio Investment that has been Delivered (as defined in the Guarantee and Security Agreement) to the Collateral Agent and is subject to the Lien of the Guarantee and Security Agreement, and then only for so long as such Portfolio Investment continues to be Delivered as contemplated therein and in which the Collateral Agent has a first-priority perfected Lien as security for the Secured Obligations (subject to any Lien permitted by Section 6.02 hereof with respect to such Portfolio Investment), provided that in the case of any Portfolio Investment in which the Collateral Agent has a first-priority perfected (subject to Permitted Liens under clause (g) of the definition thereof) security interest pursuant to a valid Uniform Commercial Code filing, such Portfolio Investment may be included in the Collateral Pool so long as all remaining actions to complete “Delivery” are satisfied in full within the longest period of (i) seven (7) days of such inclusion and (ii) as the Collateral Agent may agree in its reasonable discretion.

  • 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.

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

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Original Closing Date pursuant to Section 5.11(d) or pursuant to Section 5.11(d) of the Original Credit Agreement or the Prior Credit Agreement.

  • Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

  • 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.

  • Real Properties means the real property owned by the Borrower or any of its Subsidiaries.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Borrowing Base Assets means a collective reference to all Borrowing Base Assets in existence at any given time.

  • Closing Date Mortgaged Property as defined in Section 3.1(h).

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

  • Additional Properties means any oil and natural gas assets or related interests that are acquired by any member of the Partnership Group pursuant to an Acquisition.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • 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.

  • Real Estate Asset means, at any time of determination, any interest (fee, leasehold or otherwise) then owned by any Credit Party in any real property.

  • Real Property Assets means as to any Person as of any time, the real property assets (including, without limitation, interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Unencumbered Property means any one of the Unencumbered Properties.

  • Securitization Property means the property described in section 10j.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • 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 –

  • Subject Properties has the meaning specified in Section 5.13(a).

  • 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.

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.

  • Released Mortgaged Property Proceeds As to any Mortgage Loan, proceeds received by the Servicer in connection with (a) a taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or (b) any release of part of the Mortgaged Property from the lien of the related Mortgage, whether by partial condemnation, sale or otherwise, which are not released to the Mortgagor in accordance with applicable law and mortgage servicing standards the Servicer would use in servicing mortgage loans for its own account and this Agreement.

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • 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.