Newly Acquired Property definition

Newly Acquired Property means, as of any date of determination, any Property acquired by any member of the Consolidated Group from any Person (other than a member of the Consolidated Group) during the then most recently ended four consecutive fiscal quarter period of the Parent.

Newly Acquired Property means Property acquired by Borrower, Parent and/or their respective Subsidiaries during any fiscal quarter for which compliance with financial covenants is being tested.

Newly Acquired Property means, as of any date, a Property (other than a Development Property) that has been owned or ground leased for less than four full fiscal quarters as of such date.

Examples of Newly Acquired Property in a sentence

• Newly Acquired Property: If you acquire Fine Arts property during the policy period, this Extension of Coverage will automatically cover that property for up to one hundred eighty (180) days, but not beyond the expiration of this Policy.

• Newly Acquired Property or Property Additions associated with Builders Risk, members are advised to report all such exposures immediately to the Fund Administrator.

• PROPERTY COVERED: Real & Personal Property, Business Interruption, Extra Expense,Rental Value, Demolition and Increased Cost of Construction, Valuable Papers, Accounts Receivable, Transit, EDP (Equipment,/Media /Extra Expense), Newly Acquired Property, Course of Construction, Contractors Equipment, Errors and Omissions, Offsite Storage and Personal Property of the Insured’s officers and employees while on the premises of the Insured.

• Off-Premise Insurance which covers church property in transit, during storage or while out for repair or on Church trips and programs.2. Sprinkler Leakage.3. Money and Securities, Broad Form – All Risk.4. Construction, Newly Acquired Property – Ideal for churches with rapid growth or redevelopment patterns, or which receive property from estates.Page765.

• The actual premium for the liability assumed hereunder shall be determined at the expiration of the policy as follows: The Co-Insurance Clause forming part of the Contractors’ Equipment Form does not apply to Newly Acquired Property subsequent to policy inception.

• Newly Acquired Property: xx Days, but in no event will the Companies pay more than $xxx, subject to all other sublimits contained herein.

• G Newly Acquired Property Cover is provided for property newly acquired by the Insured as soon as the Insured shall have an insurable interest therein subject to a limit of liability of £25,000.

• The actual premium for the liability assumed hereunder shall be determined at the expiration of the policy as follows:The Co-Insurance Clause forming part of the Contractors’ Equipment Form does not apply to Newly Acquired Property subsequent to policy inception.

• The Member shall report Newly Acquired Property within 90 days.c. $10,000,000 Business Income/Extra Expense/Loss of Rents, per Occurrence, per Member.

• Newly Acquired Property: 60 Days , but in no event will the Companies pay more than $1,000,000, subject to all other sublimits contained herein.

More Definitions of Newly Acquired Property

Newly Acquired Property means as of any date, a Real Property (other than a Development Property or undeveloped land), that has been owned or ground leased or leased by Holdings or a Subsidiary for less than four full fiscal quarters as of such date.

Newly Acquired Property means, as of any date of determination, a Property that (a) was acquired during the previous 12 months and (b) is not a Development Property; provided that, if such Property does not have an Occupancy Rate of 85.0% or more as of the date of expiration of the Initial Ownership Period for such Property, such Property shall constitute a Lease Up Property.

Newly Acquired Property mean an Eligible Property acquired by the Borrower, a Wholly Owned Subsidiary of the Borrower or a Qualified Venture during the immediately preceding two fiscal quarters.

Newly Acquired Property means an Eligible Property acquired during the period of six fiscal quarters of the Parent most recently ended.

Newly Acquired Property means, as of any date, a Property (other than an unimproved land holding, a BTS Property, or a Development Property) that has been owned in fee simple or as a condominium interest, or a Property that has been ground leased pursuant to an Eligible Ground Lease, in each case by a Consolidated Group Member for a period of less than twelve consecutive months as of such date (the last day of such twelve month period referred to as the “Property Transition Date”); provided, that prior to the applicable Property Transition Date the Borrower may by written notice to the Administrative Agent designate any Newly Acquired Property as an Eligible Owned Property or Eligible Ground Leased Property, as applicable, subject to, and only so long as, such Property satisfies all of the applicable criteria required under this Agreement to be included as a new Borrowing Base Property.