Portfolio Property definition

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

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Portfolio Property means Property with respect to which Seller 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 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).

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.
In the case of a payment under clause (iii) of this paragraph, the payment to the Affiliate shall not be more than the amount received for such sold Auction Property or Portfolio Property (net of all transaction costs) minus the amount repaid hereunder in respect of such Auction Property or Portfolio Property.
On the 360-day anniversary of each SFR Advance (the “SFR 1-Year Anniversary”), Borrower shall, at its expense, obtain a valuation of the underlying SFR Portfolio Property (the result of such valuation, the “SFR Valuation”).
If, at any time following the 180-day anniversary of the date on which any SFR Advance was originally made (including any Revolving Advance that was subsequently converted into an SFR Advance pursuant to this Section 2.4(k)), the SFR Eligibility Conditions fail to be met with respect to the SFR Portfolio Property underlying such SFR Advance for 90 consecutive days, such SFR Advance shall automatically convert into, and be governed by the terms applicable to, a Revolving Advance that is not an SFR Advance.
Each of the foregoing ratios and financial requirements shall be calculated as of the last day of each Fiscal Quarter, provided, however that each of the foregoing ratios and financial requirements which is affected by an increase in the outstanding balance of the Loans, by the issuance of a Letter of Credit or by the sale or encumbrance of a Portfolio Property shall also be recalculated as of the time of such event.

More Definitions of Portfolio Property

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

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.

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

Portfolio Property means, as of any date, any NIP Property or other industrial and/or warehouse property acquired in accordance with the provisions hereof, in each case in which the Company then owns (directly or indirectly through a Subsidiary) an interest.