Office Asset definition

Office Asset means Real Property and related personal property (other than any Joint Venture Asset) that operates or is intended to be operated as an office building, including, without limitation, courthouses. For the avoidance of doubt, (a) Development Assets shall not be classified as Office Assets hereunder until the date indicated in the last sentence of the definition of Development Asset herein, (b) Redevelopment Assets shall not be classified as Office Assets hereunder until the date indicated in the last sentence of the definition of Redevelopment Asset herein and (c) Office Assets may include components (including, without limitation, retail and parking) that are ancillary to the use of the building as an office building.

Office Asset means Real Property (other than any Joint Venture Asset) that operates or is intended to operate as a telecommunications infrastructure building, information technology infrastructure building, technology manufacturing building or technology office/corporate headquarter building, in each case, as more particularly described in the Information Memorandum.

Office Asset. [Insert Name]

Examples of Office Asset in a sentence

• Focus Point: Non-owner Occupied CRE Office Asset Quality As of 12/31/2023 Criticized Classified Total Avg.

• Focus Point: Non-owner Occupied CRE Office Asset Quality As of 9/30/2023 Criticized Classified Total Avg.

• Focal Point: Non-Owner Occupied CRE Office (inclusive of construction) 95% CRE Office - Total Portfolio ($ in millions) June 30, 2023 March 31, 2023 CRE - Mixed use $ 401 $ 387 CRE - Office: owner occupied 201 218 CRE - Office: non-owner occupied 1,068 1,057 Focus Point: Non-owner Occupied CRE Office Asset Quality As of 6/30/2023 Criticized Classified Total Avg.

• Defendant further agrees that, no later than three business days after sentencing, the Defendant shall deliver to the U.S. Attorney’s Office, Asset Forfeiture Unit, a cashier’s check for $1,000,000 in United States currency, made payable to the United States Marshals Service.Defendant agrees to assist fully in the forfeiture of the foregoing assets.

• The fair value of the San Francisco Office Asset Group was estimated using a risk-adjusted, discounted cash flow model with Level 3 inputs.

• Xxxxx Street, Suite 3300 Chicago, IL 60654 Attention: Office Asset Management Department (R&I) 100072.7 -2- with copies to: c/o Ventas, Inc.

• Except as set forth in Section 5.3 below, Brown shall have the option, exercisable at any time during the perixx xxmmencing with the Separation Date and ending ten (10) days thereafter (the "OPTION PERIOD"), to purchase from the Company any or all of the equipment, furnishings and/or fixtures present in the New York Office as of the Execution Date (each, an "OFFICE ASSET") for a purchase price equal in each case to the then-current book value of such Office Asset.

• Pursuant to 31 U.S.C. § 9703, upon sentencing, the defendant agrees to forfeit and pay $969,175, which represents proceeds and substitute assets (cash) of 385.38 m3 of Mongolian oak (Quercus mongolica) flooring imported into the United States between February 1, 2013, and August 30, 2013, to the United States, more specifically to “Customs and Border Protection,” and to send the money to the U.S. Attorney’s Office, Asset Forfeiture Unit, 100 Xxxx Xxxx Xxxxxx, Xxxxx 0000, Xxxxxxx, Xxxxxxxx 00000.

• The impairment loss recorded included $57.9 million related to the San Francisco Office Building right-of-use lease asset and $8.9 million related to property and equipment, net associated with the San Francisco Office Building (collectively, the “San Francisco Office Asset Group”).

• If, as of any date of determination, the aggregate outstanding Purchase Price of all Purchased Assets that are Office Assets causes a breach of the Sub-Limit, then Seller shall within five (5) Business Days after notice from the Purchaser remit funds to Purchaser to be applied in reduction of the Purchase Price of each such Office Asset in an amount sufficient to cause the Sub-Limit to no longer be breached.

More Definitions of Office Asset

Office Asset means an Asset that is secured by a Mortgaged Property consisting primarily of an office property.

Office Asset means, in the case of a Property, that is not a Clinic, a Property 50% or more of the rentable area of which is leased to one or more Tenants for use as, or, in the case of a Mortgaged Property, that is not a Clinic, a Mortgaged Property 50% or more of the usable area of which is used for, (i) offices for the practice of the medical profession (or administrative functions related thereto), including offices of physicians or physician practice groups, or (ii) medical, pharmaceutical or biotechnical research and development, or (iii) offices for a medical or health-related business or any commercial office use.