Initial Collateral Property definition

Initial Collateral Property has the meaning given that term in the Second Amendment.
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Initial Collateral Property has the meaning given that term in the Third Amendment.
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Initial Collateral Property means each Property listed on Schedule 1.1(b) attached hereto.
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Examples of Initial Collateral Property in a sentence

  • Copies of all material contracts and agreements relating to each Initial Collateral Property, under which the Borrower is obligated to pay more than $50,000 per year, including all material service contracts and management or operating agreements covering or affecting each Initial Collateral Property, and all permits, approvals and licenses issued with respect to each Initial Collateral Property.

  • A satisfactory legal description of each Initial Collateral Property which is consistent, in all material respects, with the survey thereof delivered pursuant to Section 6.01(p).

  • Each employee will be responsible for the laundering of their bedding.

  • Evidence (which may appear on a survey or a title policy) that all utility services required for each Initial Collateral Property are available and in adequate supply at the boundaries of such Initial Collateral Property and are not subject to curtailment, termination or revocation.

  • ASSIGNMENT OF OPERATING ACCOUNT means (a) initially, the Assignment of Operating Account dated of even date herewith, and executed by Initial Collateral Property Owner, in favor of Administrative Agent, for the benefit of Lenders, and (b) thereafter, together with the assignment referenced in CLAUSE (A), each Assignment of Operating Account in favor of Administrative Agent, for the benefit of Lenders executed by an Obligor holding title to a Collateral Property.

  • Each of the Lenders shall have completed to its satisfaction, a financial analysis of each Initial Collateral Property, if any.

  • At any time prior to Xxxxx 00, 0000, xxxx of the Initial Collateral Properties nor any portion thereof (nor all nor a portion of any equity interest in a Subsidiary owning any such Initial Collateral Property) shall be sold, transferred or otherwise conveyed, nor shall any Indebtedness securing any such Initial Collateral Property or any such equity interest be incurred.

  • Requiring the Board to present the same evidence already presented to the CPD, to establish the same set of facts, would be a waste of resources.

  • In order to become a member in a Free Church, one has to confess the faith in person.

  • An amount equal to the first $2,000,000 in proceeds of Loans shall be not be advanced to the Borrower, but shall be withheld by the Agent and the Lenders and advanced (subject to satisfaction of all other conditions of this Agreement) to the Borrower to be used solely to fund tenant improvement costs and leasing commissions incurred in connection with leases of office space at the Initial Collateral Property entered into after the Closing Date in accordance with the provisions of §7.13 below.


More Definitions of Initial Collateral Property

Initial Collateral Property means the Seattle 5th Avenue Red Lion Hotel. INITIAL COLLATERAL PROPERTY OWNER means WHC809 LLC, a Delaware limited liability company. INITIAL MATURITY DATE means September 13, 2009.
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Initial Collateral Property means, each project listed on Schedule 6.15 as an “Initial Collateral Property” together with all “Mortgaged Property” defined in the Mortgages with respect to such project.
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Related to Initial Collateral Property

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.

  • Additional Collateral Loan Each Mortgage Loan that is supported by Additional Collateral.

  • Initial Collateral Amount means $757,097,792, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

  • Excluded Property shall have the meaning set forth in the Security Agreement.

  • Borrowing Base Property means any one of the Borrowing Base Properties.

  • Original Collateral Sale Date means 8 December 2020.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Additional Collateral Documents as defined in the Base Intercreditor Agreement.

  • Closing Date Mortgaged Property as defined in Section 3.1(h).

  • Borrowing Base Properties means the Oil and Gas Properties of the Credit Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 9.14.

  • UCC Collateral is defined in Section 3.03.

  • Additional Property means, in respect of a Series, the rights and benefits provided in respect of the Series, or applicable Class, pursuant to any letter of credit, surety bond, cash collateral account, spread account, guaranteed rate agreement, maturity liquidity facility, tax protection agreement, interest rate and/or currency swap agreement, loan agreement, enhancement agreement or other similar arrangement as contemplated under the Pooling and Servicing Agreement and as provided for in the related Series Purchase Agreement.

  • Additional Collateral Mortgage Loan Each Mortgage Loan identified as such in the Mortgage Loan Schedule.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Original Closing Date pursuant to Section 5.11(d) or pursuant to Section 5.11(d) of the Original Credit Agreement or the Prior Credit Agreement.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit S, with such amendments, modifications or supplements as may be approved by Collateral Agent.

  • Additional Mortgaged Property has the meaning assigned to that term in subsection 6.9.

  • Current Asset Collateral means all the “ABL Priority Collateral” as defined in the ABL Intercreditor Agreement.

  • Real Property Collateral means the parcel or parcels of Real Property identified on Schedule R-1 and any Real Property hereafter acquired by Borrower.

  • Acquired Property shall have the meaning set forth in Section 5.1.10(h)(i) hereof.

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • Released Mortgaged Property Proceeds As to any Mortgage Loan, proceeds received by the Servicer in connection with (a) a taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or (b) any release of part of the Mortgaged Property from the lien of the related Mortgage, whether by partial condemnation, sale or otherwise, which are not released to the Mortgagor in accordance with applicable law and mortgage servicing standards the Servicer would use in servicing mortgage loans for its own account and this Agreement.

  • Collateral Pool means, at any time, each Portfolio Investment that has been Delivered (as defined in the Guarantee and Security Agreement) to the Collateral Agent and is subject to the Lien of the Guarantee and Security Agreement, and then only for so long as such Portfolio Investment continues to be Delivered as contemplated therein and in which the Collateral Agent has a first-priority perfected Lien as security for the Secured Obligations (subject to any Lien permitted by Section 6.02 hereof with respect to such Portfolio Investment), provided that in the case of any Portfolio Investment in which the Collateral Agent has a first-priority perfected (subject to Permitted Liens under clause (g) of the definition thereof) security interest pursuant to a valid Uniform Commercial Code filing, such Portfolio Investment may be included in the Collateral Pool so long as all remaining actions to complete “Delivery” are satisfied in full within the longest period of (i) seven (7) days of such inclusion and (ii) as the Collateral Agent may agree in its reasonable discretion.

  • Additional Properties means any oil and natural gas assets or related interests that are acquired by any member of the Partnership Group pursuant to an Acquisition.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Collateral Proceeds means the Liquidation Proceeds of the Relevant Collateral or any Undeliverable Assets forming part of the Relevant Collateral (as the case may be) denominated in the Settlement Currency.