Construction Assets definition

Construction Assets means resources used for the construction of roads, bridges or public transportation projects.
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Construction Assets all of the Assets utilized immediately prior to the Exchange Date by any member of the Construction Group in connection with the Construction Business. Construction Business: all of the businesses and operations conducted at, or at any time before, the Exchange Date by PKS or any Subsidiary of PKS, the principal focus of which are or were construction or construction management activities.' Construction Group: PKS Holdings, KCG and the Subsidiaries of KCG as of the Exchange Date.
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Construction Assets means all of the Assets utilized immediately prior to the Effective Date by any member of the Construction Group in connection with the Construction Business.
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Examples of Construction Assets in a sentence

  • For purposes of this Section 8.18 the book value of any New Construction Assets not owned 100%, directly or indirectly, by the Borrower or any of its Subsidiaries shall be adjusted by multiplying the same by the Borrower’s Interest in such New Construction Asset during the fiscal quarter of the Borrower ending as of any date of determination of such book value.

  • Engage, directly or indirectly, or permit any Subsidiary or Joint Venture to engage, in the ground-up development of Real Property except for the ground-up development of New Construction Assets to be used principally as a retail shopping center, provided that the book value of New Construction Assets by Borrower and its Subsidiaries and Joint Ventures shall not at any time exceed fifteen percent (15%) of the Borrower’s Adjusted Consolidated Total Assets.

  • Engage, directly or indirectly, or permit any Subsidiary or Joint Venture to engage, in the ground-up development of Real Property except for the ground-up development of New Construction Assets to be used principally as a retail shopping center, provided that the cost of New Construction Assets by Borrower and its Subsidiaries and Joint Ventures shall not at any time exceed fifteen percent (15%) of the Borrower’s Adjusted Consolidated Total Assets.

  • Assets under Construction Assets under construction consist of expenditures on the construction of Fazenda Nova Mine.

  • For purposes of this Section 8.18, the book value of any New Construction Assets not owned 100%, directly or indirectly, by the Borrower or any of its Subsidiaries shall be adjusted by multiplying the same by the Borrower’s Interest in such New Construction Asset during the fiscal quarter of the Borrower ending as of any date of determination of such book value.

  • Engage, directly or indirectly, or permit any Subsidiary or Joint Venture to engage, in the ground-up development of Real Property except for the ground-up development of New Construction Assets to be used principally as a retail shopping center, provided that the book value of New Construction Assets owned by the Borrower and its Subsidiaries and Joint Ventures shall not at any time exceed fifteen percent (15%) of the Borrower’s Adjusted Consolidated Total Assets.

  • Engage, directly or indirectly, or permit any Subsidiary or Joint Venture to engage, in the ground-up development of Real Property except for the ground-up development of New Construction Assets to be used principally as a retail shopping center, provided that the book value of New Construction Assets by Borrower and its Subsidiaries and Joint Ventures shall not at any time exceed fifteen percent (15%) of the Borrower's Adjusted Consolidated Total Assets.

  • The aggregate amount of the investments of the Borrower and its Consolidated Subsidiaries in unimproved real property, excluding Construction Assets, will at no time exceed 10% of Gross Asset Value.

  • For purposes of this Section 8.18 the book value of any New Construction Assets not owned 72 100%, directly or indirectly, by the Borrower or any of its Subsidiaries shall be adjusted by multiplying the same by the Borrower's Interest in such New Construction Asset during the fiscal quarter of the Borrower ending as of any date of determination of such book value.

  • The aggregate --------------------------------------- amount of the investments of the Borrower and its Consolidated Subsidiaries in unimproved real property, excluding Construction Assets, will at no time exceed 10% of Gross Asset Value.


More Definitions of Construction Assets

Construction Assets means any Property which is raw land, vacant out-parcels, or Property on which construction of material improvements has commenced and is continuing to be performed (such commencement evidenced by foundation excavation) but has not yet produced one full quarter of EBITDA (as such completion shall be evidenced by such Property being opened for business to the general public) and any other non-income producing real estate investment.
Sample 1
Construction Assets means, as of any date, the Real Property ------------------- Assets listed on Exhibit C attached hereto and made a part hereof, subject to --------- adjustment, each of which is not subject to any Lien, unless the same is being contested in good faith and the same is discharged, bonded or paid off within sixty (60) days of the filing of such Lien, on which construction of improvements has begun (as evidenced by foundation excavation) but have not yet been substantially completed (as such completion shall be evidenced by (i) being not less than 90% complete, (ii) the issuance of a permanent certificate of occupancy or its equivalent, (iii) the commencement of the payment of rent by tenants of such Real Property Asset and (iv) being more than 85% leased to tenants).
Sample 1
Construction Assets. [all of the Assets held or utilized immediately prior to the Exchange Date by any member of the Construction Group, and any Assets held by any member of the Diversified Group that is employed primarily in the Construction Business.]
Sample 1
Construction Assets means (i) any Property which is raw land, vacant out-parcels, or Property on which construction of material improvements has commenced and is continuing to be performed (such commencement evidenced by foundation excavation) but has not yet been (a) completed (as evidenced by a certificate of occupancy permitting use of such Property by the general public) and (b) opened for business for one (1) full fiscal quarter, and (ii) any other non-income producing real estate investment, but excluding any Redevelopment Assets or Acquisition Assets.
Sample 1

Related to Construction Assets

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • construction site means a workplace where construction work is being performed;

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • Construction Activities means the disturbance of soils associated with clearing, grading, excavation activities or other construction-related activities.

  • Construction activity means any clearing, grading or excavation associated with large construction activity or associated with small construction activity.

  • CONSTRUCTION EQUIPMENT means all appliances and equipment of whatsoever nature for the use in or for the execution, completion operation or maintenance of the work unless intended to form part of permanent work.

  • Construction Works means all works and things necessary to complete the Project in accordance with this Agreement;

  • Construction Work means any work in connection with⎯

  • Building construction means any physical activity on the site involved in the erection of a structure, cladding, external finish, formwork, fixture, fitting of service installation and the unloading of plant, machinery, materials or the like.

  • Construction Debt means debt incurred to fund (a) all or a portion of a Capital Improvement, (b) interest payments (including periodic net payments under related interest rate swap agreements) and related fees on other Construction Debt or (c) distributions (including incremental Incentive Distributions) on Construction Equity.

  • Direct Construction Cost means the sum of the amounts that the Construction Manager actually and necessarily incurs for General Conditions Costs, Cost of the Work and Construction Manager’s Contingency during the Construction Phase as allowed by this Agreement. Direct Construction Cost does not include Pre-Construction Phase Fees or Construction Phase Fees.

  • Construction-in-Process means cash expenditures for land and improvements (including indirect costs internally allocated and development costs) determined in accordance with GAAP for all Properties that are under development or will commence development within twelve months from any date of determination.

  • Construction waste means solid waste which is produced or generated during construction, remodeling, or repair of pavements, houses, commercial buildings, and other structures. Construction wastes include, but are not limited to lumber, wire, sheetrock, broken brick, shingles, glass, pipes, concrete, paving materials, and metal and plastics if the metal or plastics are a part of the materials of construction or empty containers for such materials. Paints, coatings, solvents, asbestos, any liquid, compressed gases or semi-liquids and garbage are not construction wastes.

  • Constructional Plant means all appliances or things whatever nature required in or about the execution, completion or maintenance of the works or temporary works (as hereinafter defined) but does not include materials or other things intended to form or forming part of the permanent work or temporary housing, hutting, office, stores, etc.,

  • Construction Services means either of the following for construction-manager-at-risk, design-build and job-order-contracting project delivery methods:

  • Land disturbing construction activity means any man-made alteration of the land surface resulting in a change in the topography or existing vegetative or non-vegetative soil cover, that may result in runoff and lead to an increase in soil erosion and movement of sediment into waters of the state. Land disturbing construction activity includes clearing and grubbing, demolition, excavating, pit trench dewatering, filling and grading activities.

  • Construction Contracts means the contracts between Lessee and Contractors for the furnishing of labor, services or materials to the Leased Premises in connection with the construction of the Improvements.

  • Operating Equipment means furniture, furnishings, special lighting fixtures, carpeting, draperies, decorations or other special finishing work, signs, appliances and trade fixtures and equipment that is furnished, installed or used by the Contractor in its operations on the Airport. It does not include Fixed Improvements, or repair or maintenance of Operating Equipment or Fixed Improvements or displays or decorations that are of a seasonal or temporary promotional nature.

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • 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.

  • construction work permit means a document issued in terms of regulation 3; "contractor" means an employer who performs construction work;

  • Construction Plans means plans, drawings, specifications and related documents, and construction schedules for the construction of the Project, together with all supplements, amendments or corrections, submitted by the Developer and approved by the City in accordance with this Agreement.

  • Construction and demolition debris means and includes:

  • Residential construction means construction on single-family or two-family dwellings occupied or used, or intended to be occupied or used, primarily for residential purposes, and includes real property pursuant to chapter 499B.

  • Substitute Improvements means the substitute or additional improvements of the Issuer described in Article V hereof.