Multifamily Properties definition

Multifamily Properties means those Properties listed on Schedule 5 hereto. [List all properties of all Participating McNeil Partnerships not designated as "Commercial Properties" on Annex E to the Master Agreement.]

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Multifamily Properties. Includes multifamily dwellings such as apartment blocks, condominiums and cooperative owned buildings.

Multifamily Properties means (i) any apartment Project of any Borrower or any Subsidiary thereof comprised of no less than fifty (50) individual units which Project can be operated as a single residential rental facility without necessity for sharing amenities (i.e., leasing offices, tennis courts, swimming pools and the like) with any other residential rental facility and (ii) any apartment Project of any Borrower or any Subsidiary thereof which Project can be operated as a single residential rental facility as a result of the sharing of amenities (i.e., leasing offices, tennis courts, swimming pools and the like) with any other adjoining apartment Project of any Borrower or any Subsidiary thereof.

Examples of Multifamily Properties in a sentence

• Lease Agreements for Multifamily Properties Multifamily properties can serve as a residence, however, the general purpose of the property type is for investment.

• Owner acknowledges that, after the Effective Date, the Owner is required to comply with the Physical Condition Standards and Inspection Requirements of 24 CFR Part 5, Subpart G and with HUD’s Physical Condition Standards of Multifamily Properties of 24 CFR Part 200, Subpart P, including any changes in the regulation and related directives.

• In addition, the Owner shall comply with HUD's Physical Condition Standards of Multifamily Properties of 24 CFR Part 200, Subpart P, including any changes in the regulation and related Directives.

• Any successor to ▇▇▇▇▇▇ ▇▇▇ as Master Servicer will be a corporation or association acceptable to the Issuer and, unless a Guarantor Event of Default has occurred and has not been cured, the Guarantor, that is authorized under applicable law to purchase, sell and service loans secured by one or more Multifamily Properties, with experience in the monitoring and supervision of servicing of such loans, and having net worth of at least $15,000,000.

• MALA: A multiple asset lending arrangement with one or more primary obligors (which may include Borrowers) consisting of one or more loans (which may be funded as separate advances at different times) secured by one or more Mortgages on Multifamily Properties, Defeasance Securities or Supplemental Collateral pursuant to which (i) all liens secure all outstanding loans, and (ii) a default under any such loan constitutes a default under all such loans.

• An undivided beneficial interest, represented by a certificate or other written document or book entry, in one or more mortgage loans, each secured by a lien on one or more Multifamily Properties.

• As of the Agreement Date, the Loan Parties and the other Subsidiaries are primarily engaged in the business of acquiring, owning, redeveloping, developing, and managing Retail Properties and Mixed-Use Projects (including components of such Mixed-Use Projects that are Office Properties and Multifamily Properties), together with business activities reasonably related or incidental thereto.

• In addition, the Owner shall comply with HUD’s Physical Condition Standards of Multifamily Properties of 24 CFR Part 200, Subpart P, including any changes in the regulation and related Directives.

• The Owner agrees to maintain and operate the SPRAC Units and related facilities to provide decent, safe, and sanitary housing, including the provision of all the services, maintenance and utilities set forth in section 1.4(c) of this SPRAC, in accordance with HUD’s Physical Condition Standards and Inspection Requirements, currently codified in 24 C.F.R part 5, subpart G, and HUD’s Physical Condition Standards for Multifamily Properties, currently codified in 24 C.F.R. part 200, subpart P.

• Engage only in businesses in substantially the same fields as the businesses conducted on the Closing Date (specifically the ownership and operation of Multifamily Properties).

More Definitions of Multifamily Properties

Multifamily Properties means, with respect to any Person, (i) any apartment Property comprised of no less than one hundred (100) individual units which Property can be operated as a single residential rental facility without necessity for sharing amenities, (i.e., leasing offices, tennis courts, swimming pools and the like) with any other residential rental facility and (ii) any apartment Property comprised of no less than fifty (50) units which Property can be operated as a single residential rental facility as a result of the sharing of amenities (i.e., leasing offices, tennis courts, swimming pools and the like) with any other adjoining apartment Property of such Person comprised of no less than fifty (50) units.

Multifamily Properties means those Properties listed on Schedule 5 hereto. [List all properties of all Participating ▇▇▇▇▇▇ Partnerships not designated as "Commercial Properties" on Annex E to the Master Agreement.]

Multifamily Properties means those certain Properties set forth on Schedule A designated as “Multifamily” under the “Property Type” column.