Construction Properties definition

Construction Properties. Properties that (a) are subject to ground up construction of new improvements, involving, without limitation, new foundations, new structural steel or wood frame, and new mechanical, electrical and plumbing systems and (b) secure a future advance loan or Revolving Loan, and which either (x) the related future funding obligation represented more than 30% of the total committed amount of the underlying loan as of the date the Seller acquired such future advance loan or Revolving Loan or (y) the related future funding obligation represented more than 40% of the total committed amount of the underlying loan as of the date of origination of such future advance loan or Revolving Loan.
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Construction Properties means each of (1) Village at Temple, the property owned by ACT-Village at Temple, LLC (“ACT Temple”), (2) Village at Fresno State, the property owned by ACT-Village at Fresno State, LLC (“ACT Fresno”) and (3) Village at CSU, the property owned by ACT-Village at CSU, LLC (“ACT CSU”); the term “Completion Funds” means the difference between (1) the aggregate amount of the original development budgets for the Construction Properties approved by American-Campus Titan LLC and American Campus-Titan II LLC that have not been paid to date and (2) the Escrowed Funds; the term “Escrowed Funds” means $824,011 as of the Closing, together with any amounts to be deposited by the Company with Escrow Agent (hereinafter defined) as and when received from Apex Construction Company with respect the Construction Properties owned by ACT Fresno and ACT CSU (estimated as of today to be approximately $400,000), representing the aggregate estimated amount of savings with respect to the Construction Properties; and the term “Escrow Agent” shall mean LandAmerica Title Insurance Company.
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Construction Properties means those Company Properties that are under construction and not yet part of the Collateral Pool (as that term is defined in the Credit Facility) at the time that CalEast makes a Capital Contribution pursuant to Section 3.4(E) hereof.
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Examples of Construction Properties in a sentence

  • Existing and New Construction Properties must comply with Application of Minimum Property Requirements and Minimum Property Standards by Construction Status.

  • New Construction: Properties with a notice of completion or certificate of occupancy filed less than 12 months prior to the loan application date for the subject transaction are considered New Construction.

  • Fort Collins Office OFFICE MARKET REPORTMarket Key Statistics 2Leasing 3Rent 8Construction 10Under Construction Properties 11Sales 12Sales Past 12 Months 13Economy 15Market Submarkets 18Supply & Demand Trends 20Rent & Vacancy 22Sale Trends 24 Copyrighted report licensed to Unique Properties, Inc.

  • Boulder Retail RETAIL MARKET REPORTMarket Key Statistics 2Leasing 4Rent 8Construction 10Under Construction Properties 11Sales 12Sales Past 12 Months 13Economy 15Market Submarkets 18Supply & Demand Trends 20Rent & Vacancy 23Sale Trends 26 Copyrighted report licensed to Unique Properties, Inc.

  • New Construction – Refers to Proposed Construction, Properties Under Construction and Properties Existing Less than One Year: FHA treats the sale of an occupied Property that has been completed less than 1 year from the issuance ofthe Certificate of Occupancy or local authority equivalent as an “existing” Property.

  • Boulder Industrial INDUSTRIAL MARKET REPORTMarket Key Statistics 2Leasing 3Rent 7Construction 9Under Construction Properties 10Sales 11Sales Past 12 Months 12Economy 14Market Submarkets 17Supply & Demand Trends 19Rent & Vacancy 21Sale Trends 23 Copyrighted report licensed to Unique Properties, Inc.

  • The Malls, All Other Properties ("Associated Centers, Community Centers, Office Buildings and Self-storage Facilities"), Properties under development ("Construction Properties") and Mortgages are collectively referred to as the “Properties” and individually as a “Property.”We conduct our property management and development activities through CBL & Associates Management, Inc.

  • Greeley Multi-Family MULTI-FAMILY MARKET REPORTMarket Key Statistics 2Vacancy 4Rent 7Construction 10Under Construction Properties 11Sales 12Sales Past 12 Months 13Economy 15Market Submarkets 18Supply & Demand Trends 20Vacancy & Rent 22Sale Trends 24Deliveries & Under Construction 26 Copyrighted report licensed to Unique Properties, Inc.

  • Mandatory Requirements (Select applicable requirement) _____ New Construction Properties: The property must be located along an existing transit route or the property will be directly served by transit by an existing bus stop located within immediate walking distance (700 ft.

  • Fort Collins Retail RETAIL MARKET REPORTMarket Key Statistics 2Leasing 4Rent 8Construction 10Under Construction Properties 11Sales 12Sales Past 12 Months 13Economy 15Market Submarkets 18Supply & Demand Trends 20Rent & Vacancy 23Sale Trends 26 Copyrighted report licensed to Unique Properties, Inc.


More Definitions of Construction Properties

Construction Properties means, unless the Issuer receives a confirmation from Moody’s indicating otherwise, properties that are both (1) subject to ground up construction of new improvements, involving, without limitation, new foundations, new structural steel or wood frame, and new mechanical, electrical and plumbing systems and (2) that secure a Future Advance Loan or Revolving Loan and which either (a) the related future funding obligation represented more than 30% of the total committed amount of the underlying loan as of the date the Issuer acquired such Future Advance Loan or Revolving Loan or (b) the related future funding obligation represented more than 40% of the total committed amount of the underlying loan as of the date of origination of such Future Advance Loan or Revolving Loan; and
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Construction Properties means the Reston property identified on Exhibit A-20, and the Xxxxxxxxxx property identified on Exhibit A-21.
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Construction Properties means (a) Hotel Properties under ----------------------- construction, (b) newly acquired Hotel Properties which require and are undergoing substantial refurbishment and which are not open for business and (c) vacant land.
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Construction Properties means each Property that has not achieved Construction Completion.
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Construction Properties means, unless the Issuer receives a confirmation from Moody’s indicating otherwise, properties that are both (a) subject to ground up construction of new improvements, involving, without limitation, new foundations, new structural steel or wood frame, and new mechanical, electrical and plumbing systems and (b) that secure a Related Future Advance Loan or a Delayed Draw Term Loan and which either (1) the related future funding obligation represented more than 35% of the total committed amount of the underlying loan as of the date the Issuer acquired such Related Future Advance Loan or Delayed Draw Term Loan or (2) the related future funding obligation represented more than 40% of the total committed amount of the underlying loan as of the date of origination of such Related Future Advance Loan or Delayed Draw Term Loan;
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Construction Properties means, collectively, the Bluegrass Valley II Property and the Lehigh Valley II Property. “Contractor” - means a contractor, acceptable to Lender, who will construct all or any portion of the Tenant Improvements.
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Related to Construction Properties

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

  • Common Properties means and refer to those areas of land shown on any recorded subdivision plat of The Properties and intended to be devoted to the common use and enjoyment of the owners of The Properties.

  • 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.

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

  • 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.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • The Properties means and refer to all such existing properties, and additions thereto, as are subject to this Declaration or any Supplemental Declaration under the provisions of Article II hereof.

  • Construction Zone shall have the meaning set forth in Clause 8.3 (i);

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Project Land means any parcel or parcels of land on which the project is developed and constructed by a promoter;

  • 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.

  • Project Assets means all physical and other assets relating to (a) tangible assets such as civil works and equipment including foundations, embankments, pavements, road surface, interchanges, bridges, culverts, road over-bridges, drainage works, traffic signals, sign boards, kilometre-stones, [toll plaza(s)], electrical systems, communication systems, rest areas, relief centres, maintenance depots and administrative offices; and (b) Project Facilities situated on the Site;

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

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

  • 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.

  • Environmental Infrastructure Facilities means Wastewater Treatment Facilities, Stormwater Management Facilities or Water Supply Facilities (as such terms are defined in the Regulations).

  • Additional Properties means any oil and natural gas assets or related interests that are acquired by any member of the Partnership Group pursuant to an Acquisition.

  • Expansion Project has the meaning set forth in Section IV.3.a of this Agreement.

  • Condominium Project Real estate including the separate ownership in fee, or on a satisfactory leasehold estate, of a particular residential unit with an indivisible interest in the real estate designated for common ownership strictly by unit owners.

  • 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.

  • Project Site(s) means the place(s) specified in the SCC for the supply and installation of the System.

  • Real Properties means the real property owned by the Borrower or any of its Subsidiaries.

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

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

  • Construction Work means any work in connection with⎯

  • 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.