Pool A Project definition

Pool A Project means any Eligible Project for which, when the Borrowing Base is computed at the end of a reporting period, (a) either (i) construction has been on-going for not more than fifteen (15) months or (ii) it is a Completed Facility not later than fifteen (15) months after the date on which the applicable Deed of Trust was executed; or (b) after it is a Completed Facility, meets the Minimum Occupancy Requirement and Fixed Charge Coverage Ratio Requirement.
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Pool A Project means any Eligible Project which, at any time when the Borrowing Base is computed, meets the applicable Pool A covenants set forth in Section 7.2.2 hereof.
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Pool A Project means any Facility for which, when the Borrowing Base is computed at the end of a reporting period meets the Minimum Occupancy Requirement and Fixed Charge Coverage Ratio Requirement.
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Examples of Pool A Project in a sentence

  • If any Eligible Project does not qualify as a Pool A Project, it shall be classified as a Pool B Project or a Pool C Project based upon the length of time that it has failed to satisfy the applicable criteria for a Pool A Project.

  • The following provisions shall determine whether a Facility qualifies as a Pool A Project under applicable circumstances.

  • Each Pro Forma Operating Statement shall demonstrate to the Agent's satisfaction in its sole discretion that the Eligible Project will qualify and is likely to continue to qualify as a Pool A Project.

  • Each Pro Forma Operating Statement shall demonstrate to the Agent's satisfaction in its sole discretion that the Eligible Project will qualify and continue to qualify as a Pool A Project.

  • Each Pro Forma Operating Statement shall demonstrate to the Lender's satisfaction in its sole discretion that the Eligible Project will qualify and continue to qualify as a Pool A Project.

  • Borrowers shall have provided Agent with written notice of the requested release at least thirty (30) days, as to a Pool A Project, or ten (10) days, as to a Pool B Project, prior to the requested closing date which notice may be conditioned on the closing of the sale or refinancing transaction, the proceeds of which are intended to be used by Borrowers to prepay the Loan in accordance with the terms hereof.

  • In the case of any Eligible Project which otherwise qualifies as a Pool A Project which is subject to a Joint Venture Lease, ALS or an Affiliate shall exercise its rights to buy-out the ownership interests of all other partners or other owning entities in the Joint Venture within six (6) months from the date on which such Eligible Project becomes a Stabilized Facility or the Eligible Project will be classified by the Agent as a Pool B Project.

  • A feasible scenario of substantializing the basic concepts is to execute a set of several activities.

  • Except as provided in 7.2.2 (a), each Facility in a Campus Project will be measured separately for compliance with the covenants hereunder to determine whether such Facility qualifies as a Pool A Project.

  • Neither Borrower shall continue to own any Released Project, nor shall the Texas Partnership be the owner of, or the tenant under a lease with respect to, any Released Project; provided, however, except in the case of a sale of a Pool A Project, nothing herein shall be construed as prohibiting any Released Project from being owned by ALC or an ALC subsidiary other than either Borrower or the Texas Partnership.

Related to Pool A Project

  • Solar PV Project means the solar Photo Voltaic Power project that uses sunlight for direct conversion into electricity through Photo Voltaic technology.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Large project means, for purposes of the Soft Cost Ratio limitation in Section 3.F, a Project with more than 24 Housing Credit units.

  • Redevelopment project means a specific construction project

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Pilot project means an innovative environmental project that covers one or more designated facilities, designed and implemented in the form of an EMSA. (See Section 52.3 of the Act.)

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • Ongoing Project means a multi-year project undertaken by a Company in fulfilment of its CSR obligation having timelines not exceeding three years excluding the financial year in which it was commenced, and shall include such project that was initially not approved as a multi-year project but whose duration has been extended beyond one year by the board based on reasonable justification;

  • Condominium Project Real estate including the separate ownership in fee, or on a satisfactory leasehold estate, of a particular residential unit with an indivisible interest in the real estate designated for common ownership strictly by unit owners.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Sub-project means a specific development project to be carried out by a Beneficiary utilizing the proceeds of a Sub-loan;

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Housing project means a project, or distinct portion of a

  • Phase 1 means the phase of the ATP comprised of: (1) improvements to the State Street Substation; (2) construction of the Proposed Line; (3) the rebuilding of NYSEG’s existing Lines 971 and 000 xxxxx xx Xxxxxxxx Xxxx xx the NYSEG ROW to allow for construction of the Proposed Line as intended; (4) improvements to the Elbridge Substation to accept the Proposed Line; and (5) National Grid’s conveyance to NYSEG of the NYSEG Acquired ROW and such other land interests as contemplated by the Purchase and Sale Agreement.

  • The Project means supply, installation, testing and commissioning, integration of computer hardware and services with support under Warranty and annual maintenance contract, if required for the contract period.

  • Expansion Project has the meaning set forth in Section IV.3.a of this Agreement.

  • The Project Site, where applicable, means the place or places named in the SCC.

  • Existing Project is a Project that has achieved Commercial Operation on or prior to the Execution Date.

  • Energy efficiency project means an energy efficiency measure or combination of measures undertaken in accordance with a standard offer or market transformation program.

  • Building Project means the aggregate combined parcel of land on a portion of which are the improvements of which the Premises form a part, with all the improvements thereon, said improvements being a part of the block and lot for tax purposes which are applicable to the aforesaid land.

  • Investment project means an investment in qualified buildings

  • New Project means (a) each facility which is either a new facility, branch or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Project area plan means a written plan that, after its effective date, guides and controls the development within a project area.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.