Portfolio Property definition

Portfolio Property means any real property owned or ground leased by a Subsidiary of the Company.

Portfolio Property means Property with respect to which Company is the lessor, seller or secured party, as the case may be, pursuant to the terms of a Financing Contract (whether initially or as an assignee).

Portfolio Property means any real property owned or ground leased by a Subsidiary of the Borrower.

Examples of Portfolio Property in a sentence

• Title insurance in favor of the Company, the Operating Partnership, their respective subsidiaries or any Related Entity has been obtained with respect to each Portfolio Property owned by any such entity in an amount at least equal to (A) the cost of acquisition of such Portfolio Property or (B) the cost of construction of such Portfolio Property (measured at the time of such construction), except where the failure to maintain such title insurance would not have a Material Adverse Effect.

• With respect to the calculation of the Discounted Value of any Utility Bond included in the Corporation's Eligible Portfolio Property, such calculation shall be made using the criteria set forth in the definitions of Utility Bonds and Market Value.

• With respect to the calculation of the Discounted Value of any Utility Stock included in the Corporation's Eligible Portfolio Property, such calculation shall be made using the criteria set forth in the definitions of Utility Stocks and Market Value.

• No tenant under any of the leases, pursuant to which the Operating Partnership or any Property Partnership, as lessor, leases its Portfolio Property, has an option or right of first refusal to purchase the premises demised under such lease, the exercise of which would have a Material Adverse Effect.

• Each of the consolidating operating statements pertaining to the Portfolio Properties delivered to Agent prior to the date hereof was prepared in accordance with GAAP in effect on the date such operating statement of each Portfolio Property was prepared and fairly presents the results of operations of such Portfolio Property for the period then ended.

More Definitions of Portfolio Property

Portfolio Property means any asset with respect to which a Contributor is the lessor, seller or secured party, as the case may be, pursuant to the terms of a LEAF Financing Contract, LRF Financing Contract or RCC Financing Contract (whether initially or as an assignee).

Portfolio Property means any Property owned by Borrower; provided, however, that an Auction Purchase shall only become a Portfolio Property when it becomes an Approved Auction Purchase.

Portfolio Property and “Portfolio Properties” shall have the meanings set forth in the Recitals.

Portfolio Property. Those certain properties described in the Portfolio Purchase and Sale Agreement.

Portfolio Property means any real property owned by a Subsidiary of the Borrower.

Portfolio Property means all of the Interests and Portfolio Property Agreements, including all of the Portfolio Contractual Rights, of each Partnership and, collectively, all of the Partnerships.

Portfolio Property means any one of the properties constituting the Heritage Transaction as described in Article II of the Agreement of Purchase and Sale relating thereto, and "Portfolio Properties" shall mean all of the 17 multifamily properties constituting the Heritage Portfolio and described on Exhibit C to the Securities Purchase Agreement, which are being purchased by the Property Partnerships, whether directly or indirectly, in the Heritage Transaction.