Collateral Properties means, collectively, (i) each Initial Collateral Property for which (a) a Security Instrument and each other applicable Security Document has been delivered to and accepted by the Administrative Agent and (b) each other condition set forth on Annex I has been satisfied or waived in writing by the Administrative Agent in respect of such Property (provided that any such condition requiring delivery of Security Documents that the Administrative Agent determines to be applicable, a Title Policy, flood hazard determinations or, to the extent applicable, evidence of flood insurance coverage as required by the Administrative Agent shall not be waived without the written consent of the Requisite Lenders), and (ii) each other Property added as a Collateral Property from time to time pursuant to Section 7.15(a); provided that, notwithstanding anything to the contrary herein or in any other Loan Document, solely for purposes of Sections 7.13(b), 9.2, 9.4, and 12.2, each Initial Collateral Property shall, at all times prior to the satisfaction of the Initial Mortgage Collateral Requirement, and solely to the extent the Initial Mortgage Collateral Requirement is not yet satisfied, be deemed to be a “Collateral Property” for all purposes thereunder regardless of whether or not the conditions specified in the foregoing clauses (i)(a) and (i)(b) shall have been satisfied.
Collateral Properties means the Real Property specified in Schedule Z.
Collateral Properties means any Borrowing Base Property or Borrowing Base Properties and other Individual Properties which (i) were a Borrowing Base Property, (ii) were no longer deemed such under Section 3.4.1, and (iii) for which the Release Conditions have not been satisfied, as described in Section 3.4.3.
Examples of Collateral Properties in a sentence
Included in this would be the use of obscene gestures, signs, pictures or publications.
All taxes and governmental assessments due and owing in respect of the Collateral Properties have been paid prior to delinquency.
Written property management agreements providing for the management of the Collateral Properties or any of them.
None of the Collateral Properties constitutes a “plan asset” of any Employee Benefit Plan, Multiemployer Plan or Guaranteed Pension Plan in each case, that is subject to ERISA.
None of the Collateral Properties is owned or operated under or by reference to any registered or protected trademark, trade name, service xxxx or logo, except where such failure or conflict would not reasonably be expected to have a Material Adverse Effect.
More Definitions of Collateral Properties
Collateral Properties means collective reference to the real properties, improvements and associated FF&E which are pledged and encumbered as Collateral securing repayment of the Bank Facilities from time to time, which shall consist of the Lodge Real Property, the Gilpxx Xxxl Property, the Parking Garage Leasehold and the Gold Dust Real Property, together with any other real property or interests therein which may be held by Agent Bank from time to time to secure repayment of the Bank Facilities.
Collateral Properties means each of the properties subject to or required to become subject to a Mortgage; as of the Effective Date, the Collateral Properties are listed on Schedule 6.01(ee) hereto.
Collateral Properties means the Initial Collateral Property.”
Collateral Properties has the meaning given in Section 4.1(t).
Collateral Properties means the NY Properties and the Florida Property, collectively, and “Collateral Property” means any of the foregoing.
Collateral Properties means the Real Estate and Leases described on Schedule 1.01.
Collateral Properties means the Real Property specified in Schedule Z, and any other Real Property of any Loan Party that becomes subject to a Mortgage pursuant to Section 5.12.