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).

Collateral Pool Properties means, as of any date, the Mortgage Properties then meeting all of the eligibility requirements under the definition of an Eligible Collateral Pool Property and under Section 4.3 hereof.

Examples of Collateral Pool Properties in a sentence

In any such case, such Appraisals will be ordered by Administrative Agent and reviewed and approved by the appraisal department of the Administrative Agent, in order to determine the current Appraised Value of the Collateral Pool Properties, and the Borrower shall pay to Administrative Agent within ten (10) Business Days of written demand all reasonable and out-of-pocket costs of such Appraisals.
Except as set forth in Schedule 3.19, none of the Collateral Pool Properties is now materially damaged as a result of any fire, explosion, accident, flood or other casualty.
None of the Collateral Pool Properties is listed on or proposed for listing on the National Priority List promulgated pursuant to the Comprehensive Environmental Response, Compensation and Liability Act of 1980 and its implementing regulations, or any state or local priority list promulgated pursuant to any analogous state or local law.
From and after the date on which the Borrower shall have completed the addition of the Identified Collateral Pool Properties in accordance with Section 5.18, the Borrower shall not permit the Mortgaged Collateral Pool Value to be less than $900,000,000.
Except as set forth in Schedule 3.19, none of the Loan Parties has received any outstanding notice from any insurer or its agent requiring performance of any work with respect to any of the Collateral Pool Properties or canceling or threatening to cancel any policy of insurance, and each of the Collateral Pool Properties complies with the requirements of all of the Loan Parties’ insurance carriers, except where any of the foregoing would not reasonably be expected to have a Material Adverse Effect.

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.

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.

Collateral Pool Properties means, collectively, and “Collateral Pool Property” means separately the Real Property Assets identified on Schedule 1.1(C).

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.

Collateral Pool Properties means the Eligible Real Estate which is security for the Obligations pursuant to the Mortgages.

Collateral Pool Properties means (a) 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)., excluding from this clause (a) any Negative Pledge Property) (the Real Estate subject to such Pledge Agreement being referred to herein as an “Equity-Secured Collateral Pool Property”) and (b) the Negative Pledge Properties.

Collateral Pool Properties means the Partnership Interest Properties listed on Exhibit H-1.