Projects Under Development means, as of any Calculation Date, any Project under development by the Borrower, any Wholly-Owned Subsidiary of the Borrower or any Joint Venture (a) classified as construction in progress on the Borrower’s quarterly financial statements or the financial statements of such Joint Venture; or (b) as to which a certificate of occupancy has not been issued; or (c) as to which a minimum of 70% of total gross leasable area has not been leased and occupied by paying tenants.
Projects Under Development means, as of any Calculation Date, any Project under development by the Borrower or any Wholly-Owned Subsidiary of the Borrower
Projects Under Development means amounts included in the “Assets” section (for purposes of calculating Adjusted Net Operating Income) or the “Liabilities” section (for purposes of calculating the Total Development Ratio (as defined in the Guaranty)) of the consolidated balance sheet (which amount is determined in accordance with the Pro Rata Consolidation Method and calculated in a manner consistent with prior Test Periods) that is disclosed or reported as “total projects under development” on the Form 8-K most recently furnished by the Parent (or on its behalf) to the Securities and Exchange Commission; provided, that, notwithstanding the foregoing, any such amounts associated with any real estate project with respect to which the construction of improvements (as opposed to the development of the real estate in preparation of such construction) has commenced shall, upon the commencement of such construction, cease to be included in the calculation of Projects Under Development and shall be deemed to be included in the calculation of Projects Under Construction.
Examples of Projects Under Development in a sentence
Borrower shall not permit the ratio of cost value of all undeveloped holdings (raw land)(exclusive of any properties determined to be Projects Under Development) determined in accordance with GAAP to exceed fifteen (15%) percent of Total Adjusted Asset Value.
Borrower will not permit the ratio of the cost value of Projects Under Development to exceed twenty five (25%) percent of Total Adjusted Asset Value.
Projects Under Development Project Location Proposed Use Land Bank Project Botanika is a four-storey, 34-unit freehold residential development located along Holland Road in the sought-after District 10 in Singapore.
Borrower shall not permit the ratio of cost value of all undeveloped holdings (raw land or land which is not otherwise an operating property other than any properties determined to be Projects Under Development) determined in accordance with GAAP to exceed fifteen percent (15%) of Total Adjusted Asset Value.
The RWSPs for each planning region contain the following chapters: Chapter 1, Introduction; Chapter 2, Resource Protection Criteria; Chapter 3, Demand Estimates and Projections; Chapter 4, Evaluation of Water Sources; Chapter 5, Overview of Water Supply Development Options; Chapter 6, Water Supply Projects Under Development; Chapter 7, Water Resource Development Component; and Chapter 8, Overview of Funding Mechanisms.
More Definitions of Projects Under Development
Projects Under Development shall have the definitions given to them in the Existing Revolving Credit Agreement.
Projects Under Development means, as of any Calculation Date, any Project under development by the Borrower, any Wholly-Owned Subsidiary of the Borrower or any Joint Venture (a) classified as construction in progress on the Borrower’s quarterly financial statements or the financial statements of such Joint Venture; or (b) as to which a certificate of occupancy has not been issued; or (c) as to which a minimum of 70% of total gross leasable area has not been leased and occupied by paying tenants. “Properties” means, as of any date of determination, all interests in real property (direct or indirect), together with all improvements thereon, owned by any of the Consolidated Parties; and “Property” means any one of them. “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. “Public Lender” has the meaning specified in Section 6.02. “Rate Determination Date” means two (2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such other day as otherwise reasonably determined by the Administrative Agent). “Recipient” means the Administrative Agent, any Lender, the L/C Issuer or any other recipient of any payment to be made by or on account of any obligation of any Loan Party hereunder. “Register” has the meaning specified in Section 10.06(c). “Registered Public Accounting Firm” has the meaning specified in the Securities Laws and shall be independent of the Borrower as prescribed by the Securities Laws. “REIT” means a Person qualifying for treatment as a “real estate investment trust” under the Code. “Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates. “Release” means any release, spill, emission, leaking, pumping, injection, deposit, disposal, discharge, dispersal, leaching, or migration of Hazardous Materials into the environment, or into or out of any Property, including the movement of any Hazardous Materials through or in the air, soil, surface water, groundwater, of any Property. “Relevant Governmental Body” means the Bank of C...
Projects Under Development means any Project under development or redevelopment by any Consolidated Party
Projects Under Development means as of any date of determination, any Project which is under construction and then treated as an asset under development under GAAP, both such land and improvements under construction to be valued for purposes of this Agreement at then-current book value, as determined in accordance with GAAP.
Projects Under Development means collectively those certain proposed facilities of Seniorland Company, LLC, located at 0 Xxxxxxxxx Xxxxxxxx, Xxxxxxxxxxx, Xxx Xxxx and 0000 Xxxxxxx Xxxxx Xxxxx, Xxxxxxxxx, Xxx Xxxx, and that certain proposed facility of South Shore Associates, LLC, located at 0000 Xxxxxxxx Xxxxxxxx Xxxxxxx, Xxxxxxxx, Xxx Xxxx.
Projects Under Development means, as of any Calculation Date, any Project under development by the Borrower, any Wholly-Owned Subsidiary of the Borrower or any Joint Venture (a) classified as construction in
Projects Under Development means, as of any Calculation Date, any Project under development by the Borrower, any Wholly-Owned Subsidiary of the Borrower or any Joint Venture (a) classified as construction in progress on the Borrower’s quarterly financial statements or the financial statements of such Joint Venture; or (b) as to which a