German Property definition

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German Property means the real estate property owned by Ferromatik registered with the land register of Malterdingen kept at the local court of Emmendingen, folio 55, parcels 6561 and 6562 of the map 183.21 and parcels 6607/1, 6607/2 and 4698/6 of the map 184.21. “Guarantors” means each of the Clients, Milacron B.V., Milacron Nederland B.V. and MKE. “Lenders” means Lloyds TSB and Lloyds TSB CF together. “Lenders’ Cost of Funds” means the EURIBOR rate as notified by the Lenders to the Clients. “Margin” means 1.75 per cent. per annum over the Lenders’ Cost of Funds in respect of the Debt Finance Facility and 2.00 per cent. per annum over the Lenders’ Cost of Funds in respect of the Property Facility. “Net Interest Expense” means the aggregate of interest paid in cash by members of the European Group on borrowings during the Review Period less the aggregate of interest receivable in cash by members of the European Group during the Review Period. “Opening Capital Employed” means total capital plus retained earnings plus or minus and currency translation adjustments of the European Group. 13 “Parent Credit Agreement” means the credit agreement dated as of 19 December 2006 (as amended, supplemented or otherwise modified heretofore) by and among Milacron Inc. and each of the other borrowers signatory thereto, as borrowers, certain other subsidiaries of Milacron Inc. signatory thereto, as credit parties, the lenders signatory thereto from time to time and General Electric Capital Corporation, as administrative agent. “Parent Indenture” means the Indenture dated as of 26 May 2004 (as amended, supplemented or otherwise modified heretofore) by and among U.S Bank National Association, as trustee, Milacron Inc. (successor by merger to Milacron Escrow Corporation) as issuer, and the guarantors party thereto, relating to the 11 ½% senior secured notes due 2011. “Permanent Headroom Block” means an excess of Availability in the amount of two million euros (€2,000,000) to be maintained throughout the term of the Financing Documents. “Property Facility” means a revolving facility to be made available to Ferromatik under the terms of the Property Facility Agreement. “Property Facility Agreement” means the agreement dated on or about the date hereof between Lloyds TSB Netherlands Branch and Ferromatik pursuant to which Lloyds TSB Netherlands Branch will make the Property Facility available to Ferromatik. “Property Facility Limit” means the maximum amount to be made available under the Propert...

German Property has the meaning ascribed to it in Section 3.17.

Examples of German Property in a sentence

Cureus has developed a unique system approach for inpatient care homes and assisted living properties, which can be implemented as a scalable solution regardless of location, in the form of the system care home solution that has been selected as an “Outstanding Innovation” by the German Property Federation (ZIA).
Ancillary Agreements shall mean each of (a) the Transitional Services Agreement, (b) the Amendments to Supply Agreements, (c) the German Property Sale Agreement, (d) the Peruvian Business Sale Agreement, and (e) the Post-Separation Agreements.
Any such prepayment shall be made by the applicable Borrower and applied in accordance with Section 1.5(c); provided, that upon receipt by any European Credit Party of Net Proceeds from the sale of the German Property during any Fiscal Year, European Borrower shall prepay pro rata the remaining Scheduled Installments of the European Term Loan A.
The Credit Parties shall not and shall not cause or permit any of their Subsidiaries to engage in any sale leaseback, synthetic lease or similar transaction involving any of its assets, except for the leaseback for temporary office space needs of a portion of the property located at ▇▇▇▇-▇▇▇▇-▇▇▇▇▇▇▇ ▇, ▇-▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, Germany by Tempur Deutschland GmbH (the "German Property") in connection with the sale thereof.
Notwithstanding the foregoing, European Credit Parties may reinvest all such Net Proceeds (other than from the sale of the German Property) in productive replacement fixed assets of a kind then used or usable in the business of Borrowers.
Any such prepayment shall be made by the applicable Borrower and applied in accordance with Section 1.5(e); provided, that upon receipt by any European Credit Party of Net Proceeds from the sale of the German Property during any Fiscal Year, European Borrowers shall prepay pro rata the remaining Scheduled Installments of the European Term Loan A.
Notwithstanding the foregoing, European Credit Parties may reinvest all such Net Proceeds (other than from the sale of the German Property), within 180 days, in productive replacement fixed assets of a kind then used or usable in the business of Borrowers.

More Definitions of German Property

German Property means the land and building referred to in Part 1 of Schedule 2;

German Property means the real property owned by ▇▇▇▇▇ Global Solutions Deutchland, GmbH, a company formed under the laws of Germany, as of the Closing Date and located in Germany.

German Property means the real property located in Germany and owned by Lionbridge Deutschland, GmbH, a company formed under the laws of Germany, as of the Closing Date.