Collateral Property Owner definition

Collateral Property Owner and “Collateral Property Owners” shall mean, from time to time, the Wholly-Owned Subsidiary or Subsidiaries of the Borrower or CRT which is or are the owner or owners of the fee simple interest in, or the approved ground lessee of, one or more Collateral Properties.
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Collateral Property Owner means, individually, each owner of a Collateral Property; collectively “Collateral Property Owners”. Companies means, as of any date, Borrower and each of its then Subsidiaries, and Company means any one of the Companies.
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Collateral Property Owner or Collateral Property Owners shall mean, singly and collectively, each of those Persons listed on Exhibit J who owns the respective Collateral Properties, together with the owners of any other Individual Properties which become Collateral Properties hereunder.
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Examples of Collateral Property Owner in a sentence

  • This is good for reducing litigation costs and ensuring the certainty and stability of judicial activity.

  • A first priority collateral assignment and security agreement granted by each Borrowing Base Property Owner to the Administrative Agent, for the ratable benefit of the Lenders, with respect to all Licenses and Permits and all contracts, agreements and warranties now owned or hereafter acquired by each Collateral Property Owner and related in any manner to each Collateral Property in substantially the form of Exhibit M (individually and collectively, the “Collateral Assignment of Contract”).

  • Borrower shall, and shall cause each Collateral Property Owner to, promptly (a) make available to Bank upon request copies of all reports, studies, inspections and tests made on the Collateral Property, the Improvements, or any materials to be incorporated into the Improvements, and (b) make such additional tests on the Collateral Property, the Improvements, or any materials to be incorporated into the Improvements as Bank reasonably requires.

  • Each Subsidiary Guarantor and Collateral Property Owner is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

  • Borrower shall cause each Collateral Property Owner to perform all of its obligations under any construction, architectural design, management, brokerage or other contract relating to the Collateral Property owned by such Collateral Property Owner, and shall cause such Collateral Property Owner to continue to be liable for all such obligations with respect thereto.

  • Borrower shall, and shall cause each Collateral Property Owner, upon reasonable notice, to allow Bank (or its representatives) to inspect the Collateral Property, and to review reports, files, and other records related to the Collateral Property and to make and take away copies thereof, from time to time during reasonable business hours.

  • Such prepayment shall be made within three (3) calendar days after the date of receipt of the net cash proceeds of any such sale of Collateral Property by the Collateral Property Owner.

  • Collateral Property Owner will preserve its title to the Collateral Property, will forever warrant and defend the same to Bank, and will forever warrant and defend the validity and priority of the Liens of the Loan Documents with respect to the Collateral Property against the claims of all Persons whomsoever.

  • Bank shall provide Collateral Property Owner with a written summary of all expenses deducted from such awards.

  • Borrower shall cause each Collateral Property Owner to notify Bank immediately of any threatened or pending proceeding for condemnation affecting the Collateral Property or arising out of damage to the Collateral Property, and shall cause the Collateral Property Owner, at its expense, to diligently prosecute any such proceedings.

Related to Collateral Property Owner

  • Property Owner means any person shown as the owner of land on the last equalized assessment roll or otherwise known to be the owner of land by the city council. “Business owner” means any person recognized by the city as the owner of the business. “Owner” means either a business owner or a property owner. The city council has no obligation to obtain other information as to the ownership of land or businesses, and its determination of ownership shall be final and conclusive for the purposes of this part. Wherever this part requires the signature of the property owner, the signature of the authorized agent of the property owner shall be sufficient. Wherever this part requires the signature of the business owner, the signature of the authorized agent of the business owner shall be sufficient.

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

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

  • Property Owners association" or "association" means an incorporated or unincorporated entity upon

  • 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.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Mortgage Borrower shall have the meaning ascribed to the term “Borrower” in the Loan Agreement (Mortgage).

  • 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.

  • 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.

  • Release Property has the meaning set forth in Section 2.5.

  • 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.

  • 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.

  • 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.

  • 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.

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

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit S, with such amendments, modifications or supplements as may be approved by Collateral Agent.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Unencumbered Property means any one of the Unencumbered Properties.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Operating Lessee means, with respect to a Hotel Property, the Subsidiary of the Parent Guarantor that leases such Hotel Property from a Subsidiary of the Parent Guarantor that is the owner or ground lessee of such Hotel Property.

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

  • 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.

  • Contractor-acquired property means property acquired, fabricated, or otherwise provided by the Contractor for performing a contract, and to which the Government has title.

  • 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.

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.