Collateral Pool Property definition

Collateral Pool Property shall have the meaning set forth in the Credit Agreement. Revolving Credit Loan
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Collateral Pool Property means any Hotel Property in the Collateral Pool.
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Collateral Pool Property and "Collateral Pool Properties" shall mean 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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Examples of Collateral Pool Property in a sentence

  • The representations and warranties set forth in this Loan Agreement will survive until the earlier to occur of (i) termination of the Credit Agreement pursuant to the terms of Section 2.6 thereof, and/or (ii) release of a Collateral Pool Property pursuant to the terms of Section 3.2 of the Credit Agreement; however, the representations and warranties set forth in Section 5.05 will survive beyond repayment of the entire Indebtedness to the extent provided in Section 10.12.

  • Upon the earlier to occur of (i) termination of the Credit Agreement pursuant to the terms of Section 2.6 thereof, and (ii) release of the Collateral Pool Property pursuant to the terms of Section 3.2 of the Credit Agreement, Lender will pay to Borrower all funds remaining in any Reserve Funds.

  • All roads necessary for the full utilization of each Collateral Pool Property for its current purpose have been completed and dedicated to public use and accepted by all Official Bodies or are the subject of access easements for the benefit of such Collateral Pool Property.

  • Each Collateral Pool Property has adequate rights of access to public ways and is served by adequate water, sewer, sanitary sewer and storm drain facilities as are adequate for full utilization of such Collateral Pool Property for its use as a multifamily residential property.

  • If the results of such Valuation disclose that the Market Value of the affected Collateral Pool Property has decreased, then the Market Value shall thereafter be deemed to be the amount shown in such Valuation.

  • Each Collateral Pool Property is comprised of one or more parcels, each of which constitutes a separate tax lot and none of which constitutes a portion of any other tax lot.

  • Each Collateral Pool Property contains all equipment necessary to use and operate such Collateral Pool Property in a first-class manner.

  • Except as disclosed to Lender in writing, all residential leases with respect to the Collateral Pool Property are for terms of two (2) years or less.

  • Any operating statement required hereunder shall relate to the operations of the applicable Collateral Pool Property during the preceding calendar year.

  • Except as disclosed to Lender in writing, there are no rent level restrictions or tenant income restrictions on any Collateral Pool Property.


More Definitions of Collateral Pool Property

Collateral Pool Property means a Multifamily Mortgaged Property or Student Housing Mortgaged Property as set forth in Schedule 1.1(A).
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Collateral Pool Property means each Mortgaged Property as set forth in Schedule 1.1(A). Schedule 1.1(A) shall be deemed amended each time a Mortgaged Property is added as a Collateral Pool Property or released as a Collateral Pool Property in accordance with the terms of this Agreement.
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Collateral Pool Property means separately the Real Property Assets identified on Schedule 1.1(C).
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Collateral Pool Property means the Real Properties (other than Abundance of Caution Property) that (i) satisfy each of the Collateral Pool Eligibility Conditions as of the date of determination and (ii) are either (a) identified on Schedule 1.1(a) or (b) acquired subsequent to the Closing Date by a Subsidiary of the Borrower or the Borrower with the proceeds of Revolving Loans and in satisfaction of each of the conditions contained in Section 5.2 hereof.
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Related to Collateral Pool Property

  • Collateral Pool means all of the Collateral.

  • 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.

  • 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.

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

  • 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 Closing Date pursuant to Section 5.11(c).

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

  • 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.

  • 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.

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

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

  • Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.

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

  • Release Property shall have the meaning set forth in Section 2.6 hereof.

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

  • 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 Property means any one of the Unencumbered Properties.

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • 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.

  • Borrowing Base Assets means any Loan Party’s Inventory and Receivables and other assets directly related thereto, including documents, instruments, general intangibles, deposit accounts and the proceeds of all of the same.

  • Additional Mortgaged Property has the meaning assigned to that term in subsection 6.9.

  • Real Property Asset means, at any time of determination, any interest then owned by any Loan Party in any real property.

  • Qualified Property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.

  • Loan Property means any property in which the applicable party (or a subsidiary of it) holds a security interest and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.