Geographical Diversification Requirements means a requirement that the Collateral Pool consist of at least seven (7) Mortgaged Properties located in at least two (2) states and five (5) SMSA’s.
Geographical Diversification Requirements means, prior to the occurrence of an increase in the Commitment pursuant to Article VIII, a requirement that the Collateral Pool consist of at least four (4) Mortgaged Properties located in at least two (2) SMSA’s and, upon the occurrence of any increase in the Commitment pursuant to Article VIII, such requirements as to the geographical diversity of the Collateral Pool as the Lender may reasonably determine and notify Borrower of prior to the time of the increase.
Geographical Diversification Requirements means a requirement that the Collateral Pool consist of not less than five (5) Mortgaged Properties located in at least three (3) states.
Examples of Geographical Diversification Requirements in a sentence
The Borrower hereby requests that the Lender inform the Borrower of any change in the Geographical Diversification Requirements.
For each Request on or after the First Anniversary, the Geographical Diversification Requirements shall be satisfied.
Except in connection with a Credit Facility Termination Request or a Rollover Variable Advance, the Mortgaged Properties in the Collateral Pool shall comply with the Geographical Diversification Requirements.
The Borrower shall maintain Mortgaged Properties in the Collateral Pool so that the Collateral Pool consists of at least four (4) Mortgaged Properties located in at least two (2) SMSA’s, provided, however, that, upon the occurrence of any increase in the Commitment pursuant to Article VIII, the Borrower shall at all times thereafter cause the Collateral Pool to satisfy such other Geographical Diversification Requirements as the Lender may determine and notify Borrower of at the time of the increase.
The Mortgaged Properties in the Collateral Pool satisfy the Geographical Diversification Requirements.
More Definitions of Geographical Diversification Requirements
Geographical Diversification Requirements means (a) at all times that aggregate Advances Outstanding are $100,000,000 or less, a requirement that the Collateral Pool consist of at least five (5) Mortgaged Properties located in at least four (4) states, (b) at all times that aggregate Advances Outstanding are more than $100,000,000 and equal to or less than $200,000,000, a requirement that the Collateral Pool consist of at least ten (10) Mortgaged Properties located in at least six (6) states, (c) at all times that aggregate Advances Outstanding are more than $200,000,000 and equal to or less than $300,000,000, a requirement that the Collateral Pool consist of at least twenty (20) Mortgaged Properties located in at least seven (7) states, and (c) at all times that aggregate Advances Outstanding are more than $300,000,000, a requirement that the Collateral Pool consist of at least twenty-five (25) Mortgaged Properties located in at least seven (7) states.
Geographical Diversification Requirements means, prior to the occurrence of an increase in the Commitment pursuant to Article VIII, a requirement that the Collateral Pool consist of at least seven (7) Mortgaged Properties located in at least five (5) states and, upon the occurrence of any increase in the Commitment pursuant to Article VIII, such requirements as to the geographical diversity of the Collateral Pool as the Lender may determine and notify the Borrower of at the time of the increase.
Geographical Diversification Requirements means a requirement that (i) at all times that Advances Outstanding are less than $150,000,000, the Collateral Pool consist of at least five (5) Mortgaged Properties located in at least three (3) SMSA's; (ii) at all times that Advances Outstanding are equal to or greater than $150,000,000 and less than $200,000,000, the Collateral Pool consist of at least seven (7) Mortgaged Properties located in at least four (4) SMSA's; and (iii) at all times that Advances Outstanding are equal to or greater than $200,000,000, the Collateral Pool consist of at least ten (10) Mortgaged Properties located in at least five (5) SMSA's.
Geographical Diversification Requirements prior to the addition of any Additional Mortgaged Property, means a requirement that the Collateral Pool consist of at least three (3) Mortgaged Properties located in at least three (3) states and, upon the addition of any Additional Mortgaged Property, means such requirements as to the geographical diversity of the Collateral Pool as Xxxxxx Mae may determine and notify the Borrower of at the time of such addition.
Geographical Diversification Requirements means, from and ----------------------------------------- after the date on which the Collateral Pool first consists of ten (10) or more Mortgaged Properties, and prior to the occurrence of an increase in the Commitment pursuant to Article VIII, a requirement that the Collateral Pool consist of at least nine (9) Mortgaged Properties located in at least five (5) SMSA's and, upon the occurrence of any increase in the Commitment pursuant to Article VIII, such requirements as to the geographical diversity of the Collateral Pool as the Lender may reasonably determine and notify Borrower of prior to the time of the increase.
Geographical Diversification Requirements means that the Mortgaged Properties in the Collateral Pool shall consist of three (3) Mortgaged Properties located in at least three (3) different SMSA’s; provided that after the date two (2) years prior to the Termination Date in connection with a liquidation of the Credit Facility, no such geographical diversification requirement shall be required.
Geographical Diversification Requirements means that as the result of the release or substitution of a Mortgaged Property (i) the aggregate Allocable Loan Amount allocated to Mortgaged Properties in any one state does not increase by 5% or more from the percentages set forth below and (ii) the Allocable Loan Amount associated with the Mortgaged Properties located in any two states shall not exceed 40% of the Outstanding principal balance of the Term Loan: State Percentage of Allocable Loan Amount CA 14.87 % TX 18.60 % KY 6.06 % NM 5.40 % OH 3.76 % IN 5.01 % FL 7.77 % AZ 6.56 % MA 4.38 % KS 4.12 % MD 9.50 % DE 1.50 % GA 1.88 % VA 8.01 % NC 1.71 % WI 0.87 % Total 100.00 %