Immaterial Real Property definition

Immaterial Real Property means Real Property (other than coal reserves) with a Fair Market Value less than $3,000,000 or, following consummation of the Take-In Transaction, $5,000,000.
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Immaterial Real Property means Real Property with a Fair Market Value that does not exceed $10,000,000 in the aggregate (for all Real Properties designated as Immaterial Real Properties) or $3,000,000 individually.
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Immaterial Real Property means any real property in which any Borrower Party has a fee interest with a fair market value of less than $100,000.
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Examples of Immaterial Real Property in a sentence

  • The Obligors shall not Dispose of (whether in one or a series of transactions) any of the Property or any Project Assets, or enter into any agreement to do any of the foregoing, except for (i) the sale of inventory in the ordinary course of business, (ii) the sale of equipment that is obsolete, surplus, worn out or no longer useful for the purposes of constructing and developing the Project, or (iii) letting lapse the Immaterial Real Property.


More Definitions of Immaterial Real Property

Immaterial Real Property real property owned by a Principal Company other than Material Real Property.
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Immaterial Real Property means any real Property designated by the Borrower as Immaterial Real Property, if and for so long as the fair market value (as reasonably determined by the Borrower and approved by the Administrative Agent) of such Immaterial Real Property, together with all other Immaterial Real Property so designated by the Borrower, does not exceed $5,000,000 at any time.
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Immaterial Real Property has the meaning given to such term in clause (a)(iii) of the definition of "Excluded Collateral".
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Immaterial Real Property means any of the Frost Group Claims listed in Exhibit A-5 to the Oregon Deed of Trust.
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Related to Immaterial Real Property

  • Material Real Property means any real property owned by any Loan Party with a fair market value in excess of $5,000,000.

  • Company Leased Real Property shall have the meaning set forth in Section 3.15(b).

  • Leased Real Property has the meaning set forth in Section 3.18(b).

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

  • Real Property means, collectively, all right, title and interest (including any leasehold estate) in and to any and all parcels of or interests in real property owned in fee or leased by any Loan Party, whether by lease, license, or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, incidental to the ownership, lease or operation thereof.

  • Material Real Estate Asset means (i) any fee-owned Real Estate Asset having a fair market value in excess of $2,500,000 as of the date of the acquisition thereof or (ii) any Real Estate Asset that the Required Lenders have determined is material to the business, general affairs, assets, liabilities, operations, management, condition (financial or otherwise), stockholders’ equity, results of operations or value of any Loan Party or any Subsidiary thereof, including the Borrower.

  • Company Real Property means the Company Owned Real Property and the Company Leased Real Property.

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Material Properties means the material mineral properties and projects of the Corporation and Subsidiaries, more particularly set out in Schedule “B” hereto (which schedule is incorporated into and forms part of this Agreement), including, without limitation, the material mineral properties known as the Twangiza, Lugushwa, Namoya and Kamituga deposits, and each a “Material Property”;