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:
Examples of Geographical Diversification Requirements in a sentence
For each Request on or after the First Anniversary, the Geographical Diversification Requirements shall be satisfied.
The Borrower hereby requests that the Lender inform the Borrower of any change in the Geographical Diversification Requirements.
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.
At Borrower’s request, Lender may in its discretion permit that the Geographical Diversification Requirements be waived in connection with any Request.
On or prior to the First Anniversary, the Geographical Diversification Requirements shall be satisfied.
More Definitions of Geographical Diversification Requirements
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 means a requirement that (i) if the Collateral Pool consist of two (2) or three (3) Mortgaged Properties, such Mortgaged Properties shall be located in at least two (2) SMSA's, and (ii) if the Collateral Pool consists of four (4) or more Mortgaged Properties, such Mortgaged Properties shall be located in at least three (3) SMSA's.
Geographical Diversification Requirements means, prior to the occurrence of an increase in the Base Facility Credit Commitment pursuant to Article VIII, a requirement that the Collateral Pool consist of at least eight Mortgaged Properties located in at least four states and, upon the occurrence of any increase in the Base Facility Credit 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 at the time of the increase.
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 (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
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. (x) during any period in which the Facility Amount is $45 million or above, means a requirement that (a) the Collateral Pool consist of at least seven (7) Mortgaged Properties located in at least six (6) states, (b) no single Mortgaged Property comprise more than 20% of the Facility Amount except for the Mortgaged Property known as “The Township” in Hampton, Virginia, and (c) any Mortgaged Properties located within a one-mile radius shall not exceed 25% of the Facility Amount and, (y) during any period in which the Facility Amount is below $45 million, means a requirement that (a) the Collateral Pool consists of at least three (3) Mortgaged Properties located in at least three (3) states, (b) no single Mortgaged Property comprises more than 50% of the Facility Amount except for the Mortgaged Property known as “The Township” in Hampton, Virginia, and (c) any Mortgaged Properties located within a one-mile radius shall not exceed 25% of the Facility Amount.”