Managed Property definition

Managed Property means a Property acquired by the Borrower or a Subsidiary as a result of, or in connection with, a foreclosure or repossession (or consensual arrangement in lieu thereof).

Managed Property means the portion of a project with respect to which a service provider provides services.

Managed Property or “Managed Properties” means Real Estate owned by Borrower or an Unencumbered Property Owner Subsidiary and operated by Borrower or a Subsidiary (or a third-party operator retained by Borrower or a Subsidiary) but not subject to a Lease or an EPR Senior First Mortgage.

Examples of Managed Property in a sentence

• The Qualified User must exercise a significant degree of control over the use of the Managed Property.

• The compensation paid to the Provider must not include a share of net profits from the operation of the Managed Property.

• The term of the contract, including all renewal options that may be exercised by the Provider, may not be greater than the lesser of 30 years or 80 percent of the weighted average reasonably expected economic life of the Managed Property.

• The stated dollar amount may automatically increase according to a specified objective external standard (e.g., Consumer Price Index and similar external indices) that is not linked to the output or efficiency of the Managed Property.

• The stated dollar amount may automatically increase according to a specified objective external (e.g., Consumer Price Index and similar external indices) standard that is not linked to the output or efficiency of the Managed Property.

More Definitions of Managed Property

Managed Property means any Unit or part of a Unit that the Corporation is required by these Bylaws to maintain, repair or replace, other than the real and personal property of theCorporation and the Common Property;

Managed Property has the meaning set forth in Section 20(c) of this Agreement.

Managed Property means a Senior Housing Asset acquired by the Borrower or a Subsidiary as a result of, or in connection with, a foreclosure or repossession (or consensual arrangement in lieu thereof).

Managed Property means each Property (other than an Easement Property, a Ground Leased Property or an Owned Property) at which the Issuer or any of its Subsidiaries is authorized to sublease or otherwise broker space.

Managed Property means such part or parts of the Units, as by its Bylaws, the Corporation is to administer, control, manage, maintain and repair as it would the Common Property, being the improvements to the lands within the boundaries of the Units, including the structure of the Buildings, foundations, roofs, decks, patios, driveways and such other parts of the Units to be managed, maintained and repaired by the Corporation as provided by its Bylaws;

Managed Property means the Common Property and all those parts of the Units including the portions of the Buildings thereon which, pursuant to these By-laws, the Corporation is required to administer, control, manage, maintain and repair as if the same were Common Property;

Managed Property has the meaning given to it in paragraph 4.1.1 of Schedule 5;