Impairment of the Security means any or all of the following: (i) any of the Leases for more than 30,000 square feet existing immediately prior to the damage, destruction, condemnation or casualty shall have been cancelled, or shall contain any exercisable right to cancel as a result of the damage, destruction or casualty; (ii) the casualty or damage occurs during the last year of the term of the Loan; or (iii) restoration of the Property is estimated to require more than one year to complete from the date of the occurrence.
Impairment of the Security means any or all of the following: (i) the casualty or damage occurs during the last year of the term of the Loan, including any extensions; or (ii) restoration of the Property is estimated to require more than one year to complete from the date of the occurrence; or (iii) the occurrence of a Material Casualty (as defined in 7.4(b)) or a Material Condemnation (as defined in Section 7.4(b)), if the Management Agreement does not require Operating Lessee or Borrower to restore the Property, and/or Operating Lessee and/or Borrower have the right to terminate the Management Agreement pursuant to the terms of the Management Agreement as a result of such Casualty or Condemnation.
Impairment of the Security means any or all of the following: (i) the loss relating to the Casualty or Condemnation equals or exceeds fifteen percent (15%) of the outstanding Allocated Loan Amount for any given Property, (ii) Leases, which individually or in the aggregate demise twenty-five percent (25%) or more of the rentable square feet of the affected Property existing immediately prior to the Casualty or Condemnation shall have been cancelled, or shall contain any exercisable right to cancel as a result of the Casualty or Condemnation; (iii) the Casualty or Condemnation occurs within twelve (12) months prior to the Stated Maturity Date; or (iv) restoration of the affected Property is estimated to require more than one year to complete from subject Casualty or Condemnation.
Examples of Impairment of the Security in a sentence
In this case, the NPV is 0 (zero) and the investor suffers a total loss.2.3.2. Exchange rate risks in connection with the Securities (a) Impairment of the Security due to exchange rate changes Securityholders may face currency risks if the price or Underlying is expressed in a different currency than the Issue Currency and the amounts payable has to be converted into the Issue Currency on an exchange rate which is not already predetermined at issue (non quanto).
Possession and Use of Collateral; No Impairment of the Security Interests 83 SECTION 12.05.
In the case of an Unlimited Structured Warrant Short, the NPV is determined according to the formula set out in the Terms and Conditions, and any additional yield that could result from a negative underlying price is not possible.2.3.2. Exchange rate risks in connection with the Securities (a) Impairment of the Security due to exchange rate changes Exchange rates are determined by supply and demand on the international foreign exchange markets.
No Impairment of the Security Interests or Value of Underlying Assets 54 Section 4.13.
Possession and Use of Collateral; No Impairment of the Security Interests 48 SECTION 11.05.
More Definitions of Impairment of the Security
Impairment of the Security means any or all of the following: (i) any of the Leases covering more than 20,000 square feet existing immediately prior to the damage, destruction, condemnation or casualty shall have been cancelled, or shall contain any exercisable right to cancel as a result of the damage, destruction or casualty (and the tenant thereunder shall not have waived or be deemed to have waived such right); (ii) the casualty or damage occurs during the last year of the term of the Loan; or (iii) restoration of the Property is estimated to require more than one year to complete from the date of the occurrence.
Impairment of the Security means any or all of the following: (i) the casualty or damage occurs during the last year of the term of the St. Xxxxxxx Loan, including any extensions; or (ii) restoration of the Property is estimated to require more than one year to complete from the date of the occurrence; or (iii) the occurrence of a Material Casualty (as defined in 7.4(b)) or a Material Condemnation (as defined in Section 7.4(b)), if the Management Agreement does not require Operating Lessee or Affiliated Guarantor to restore the Property, and/or Operating Lessee and/or Affiliated Guarantor have the right to terminate the Management Agreement pursuant to the terms of the Management Agreement as a result of such Casualty or Condemnation.
Impairment of the Security means any or all of the following: (i) any of the Leases for more than 130,000 net rentable square feet existing immediately prior to the damage, destruction, condemnation or casualty shall have been cancelled, or shall contain any exercisable right to cancel as a result of the damage, destruction or casualty which has not been waived; or (ii) casualty or damage occurs during the last year of the term of the Loan, the cost to restore such damage is estimated to exceed Five Million Dollars ($5,000,000) and restoration of the Property is estimated to not be completed prior to the date which is three (3) months prior to the Maturity Date; or (iii) restoration of the Property is estimated to require more than twenty-four (24) months to complete from the date of the occurrence.
Impairment of the Security means any or all of the following: (i) any of the Leases for more than 25,000 square feet existing immediately prior to the damage, destruction, condemnation or casualty shall have been cancelled, or shall contain any exercisable right to cancel as a result of the damage, destruction or casualty, (ii) the casualty or damage occurs during the last year of the term of the Loan, or restoration of the Property is estimated to require more than one year to complete from the date of the occurrence.
Impairment of the Security means any or all of the following: (i) the casualty or damage occurs during the last year of the term of the Loan; or (ii) restoration of the Property is estimated to require more than one year to complete from the date of the occurrence; or (iii) the occurrence of a Material Casualty (as defined in 7.4(b)) or a Material Condemnation (as defined in Section 7.4(b)).
Impairment of the Security means any or all of the following: (i) Leases covering more than 80,000 square feet of the Improvements existing immediately prior to the damage, destruction condemnation or casualty shall have been cancelled, or shall contain any exercisable right (unless such right has been waived by the tenant in writing) to cancel as a result of the damage, destruction or casualty; (ii) the casualty or damage occurs during the last year of the term of the Loan; or (iii) Restoration of the Property is estimated to require more than one year to complete from the date of the occurrence.
Impairment of the Security means any or all of the following: (i) any single Lease covering more than 25,000 square feet of the Improvements or Leases in the aggregate covering more than 100,000 square feet of the Improvements existing immediately prior to the damage, destruction condemnation or casualty shall have been cancelled, or shall contain any exercisable right to cancel as a result of the damage, destruction or casualty because the Restoration of the Property is reasonably estimated to require more time than the restoration period provided in the applicable Lease; (ii) the casualty or damage occurs during the last year of the term of the Loan; or (iii) Restoration of the Property is estimated to require more than one year to complete from the date of the occurrence.