Real Property Indebtedness definition

Real Property Indebtedness means Indebtedness of the Loan Parties consisting of non-recourse Indebtedness secured solely by the Real Property being financed by such Indebtedness; provided that (i) no Event of Default shall have occurred and be continuing at the time of, or would be caused by the incurrence of, such Indebtedness, and (ii) the aggregate principal amount of such Indebtedness shall not exceed, at any one time, the result of (A) Thirty Million Dollars ($30,000,000), minus (B) the aggregate principal amount of Term Loan Indebtedness then outstanding.
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Real Property Indebtedness means Indebtedness of the Company or any Restricted Subsidiary Incurred to finance the acquisition, holding and/or development of real property and related appurtenances and the construction of improvements, including homes, thereon in the ordinary course of business.
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Real Property Indebtedness means any Indebtedness secured by a Lien on any Real Property.
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Examples of Real Property Indebtedness in a sentence

  • Neither Borrower nor any Guarantor will amend or modify the Indenture or the Senior Notes, except for amendments or modifications that do not (i) impose upon Borrower or any Guarantor obligations not contained therein as of the date of this Agreement (except as otherwise hereinafter provided), (ii) change the definition of Real Property Indebtedness or change any subordination provisions, or (iii) otherwise adversely affect Borrower or any Guarantor.

  • Borrower and Lender acknowledge that, in order to qualify as "Permitted Real Property Indebtedness" under the Indenture, the Plantation View Loan is to be secured exclusively by a mortgage, deed of trust, security agreement or assignment, or other lien or charge against the Plantation View real property and/or improvements thereon (and/or any personal property (tangible or intangible) and fixtures relating thereto (collectively, the "Plantation View Assets").

  • Indebtedness, (g) Real Property Indebtedness, (h) Leasing Indebtedness not to exceed 10% of Consolidated Net Tangible Assets and (i) additional Secured Indebtedness and Leasing Indebtedness not to exceed a total of 15% of Consolidated Net Tangible Assets.

  • The documentation for the purchase of the New Seller Real Property (and, if applicable, the assumption of any New Seller Real Property Indebtedness) shall expressly provide that neither Buyer, the Trust nor any of their affiliates (other than the Buyer Subsidiary) shall have any liability thereunder, and shall otherwise be in form and substance reasonably satisfactory to Buyer.

  • Mortgagee's consummation ofthe loan (the "Loan") secured by this Mortgage is based upon Mortgagor's representation and warranty that the Loan qualifies as "Permitted Real Property Indebtedness" ("PRPI"), as defined under the "Indenture" described in the Loan Agreement.

  • Similar conditions also occur during normal use, and common sense indicates that aerosol cans http://www.epa.gov/ttnchie1/eiip/techreport/volume02/.

  • The Plantation View Loan, and the value and financial condition of Plantation View, meet, in all respects, the requirements of the definition of "Permitted Real Property Indebtedness" described in the Indenture, such that: (i) the Plantation View Loan constitutes "Permitted Real Property Indebtedness" under the Indenture and; (ii) the Plantation View Loan is a part of the "Senior Indebtedness" and the "Designated Senior Indebtedness" described therein.

  • At the Closing, the Landlord shall deliver to the Buyer a pay-off letter for all indebtedness secured by the Real Property (the "Real Property Indebtedness"), showing the amount that would have to be paid in order to satisfy such Real Property Indebtedness in full (the "Real Estate Payoff Amount") and agreeing that upon payment of such amount all Liens and Encumbrances in favor of the lender with respect to the Real Property Indebtedness will be released.

  • No Subsidiary Guarantor shall at any time directly or indirectly own any Assets consisting of Real Property which are encumbered by any Real Property Indebtedness.

  • Schedule 4.20 sets forth by category (a) all Company Indebtedness, (b) all Affiliated Indebtedness, (c) all Equipment Indebtedness and (d) all Real Property Indebtedness, and describes by category any Encumbrances on any Assets which secure the same such Indebtedness, in each case as of the Closing.


More Definitions of Real Property Indebtedness

Real Property Indebtedness means any Indebtedness incurred by any Company in respect of and secured by Owned Real Property.
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Real Property Indebtedness means Indebtedness secured by real property acquired by the company or any of its Restricted Subsidiaries after the date of the indenture, including both mortgage and lease financing.
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Real Property Indebtedness means the $23,000,000 term loan made by the Real Property Lender to Emmis and Indiana Broadcasting in accordance with the Real Property Indebtedness Documents and any Refinancing Indebtedness in respect of such Indebtedness.
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Related to Real Property Indebtedness

  • Permitted Existing Indebtedness means the Indebtedness of the Company and its Subsidiaries identified as such on Schedule 1.1.1 to this Agreement.

  • Company Indebtedness means all indebtedness of the Company (including without limitation, any loans, advances, letters of credit, bank overdrafts, capital lease obligations and all other indebtedness of any kind including interest, principal and fees).

  • Purchase Money Indebtedness means Indebtedness (other than the Obligations, but including Capitalized Lease Obligations), incurred at the time of, or within 20 days after, the acquisition of any fixed assets for the purpose of financing all or any part of the acquisition cost thereof.

  • Acquisition Indebtedness means any Indebtedness of the Loan Parties that has been issued for the purpose of financing, in part, the acquisition of an Acquired Entity or Business.

  • Permitted Subsidiary Indebtedness means any of the following:

  • Project Finance Indebtedness means any present or future indebtedness incurred to finance the ownership, acquisition, development and/or operation of an asset, whether or not an asset of a member of the Group:

  • Assumed Indebtedness means Indebtedness of a Person which is (a) in existence at the time such Person becomes a Restricted Subsidiary of the Borrower or (b) is assumed in connection with an Investment in or acquisition of such Person, and has not been incurred or created by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary of the Borrower.

  • Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive twelve-month period, if such principal amount becoming due is not required to be amortized below such percentage by mandatory redemption or prepayment prior to such twelve-month period.

  • Real Estate Leases has the meaning set forth in Section 2.1(d)(ii).

  • Closing Date Indebtedness means the aggregate amount of Indebtedness of the Company as of immediately prior to the Closing.

  • Credit Facility Indebtedness means any and all amounts, whether outstanding on the Issue Date or thereafter Incurred, payable under or in respect of any Credit Facility, including without limitation principal, premium (if any), interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Company or any Restricted Subsidiary whether or not a claim for post-filing interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees, other monetary obligations of any nature and all other amounts payable thereunder or in respect thereof.

  • Existing Indebtedness Agreements shall have the meaning provided in Section 5.05.

  • Closing Indebtedness means the aggregate amount of all Indebtedness of the Company and its Subsidiaries as of immediately prior, and without giving effect to, the Closing.

  • Real Properties means the real property owned by the Borrower or any of its Subsidiaries.

  • Permitted Purchase Money Indebtedness means, as of any date of determination, Purchase Money Indebtedness incurred after the Closing Date in an aggregate principal amount outstanding at any one time not in excess of $1,000,000.

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.

  • Operating Lease Obligations means all obligations for the payment of rent for any real or personal property under leases or agreements to lease, other than Capitalized Lease Obligations.

  • Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • Receivables Facility Attributed Indebtedness means the amount of obligations outstanding under a receivables purchase facility on any date of determination that would be characterized as principal if such facility were structured as a secured lending transaction rather than as a purchase.

  • Existing Indebtedness means Indebtedness of the Company and its Subsidiaries (other than Indebtedness under the Credit Agreement) in existence on the date of this Indenture, until such amounts are repaid.

  • Permitted Acquisition Indebtedness means Indebtedness (including Disqualified Stock) of the Company or any of the Restricted Subsidiaries to the extent such Indebtedness was Indebtedness:

  • Permitted Secured Indebtedness any Secured Indebtedness that:

  • Other Permitted Indebtedness means (a) accrued expenses and current trade accounts payable incurred in the ordinary course of the Borrower’s business which are not overdue for a period of more than 90 days or which are being contested in good faith by appropriate proceedings, (b) Indebtedness (other than Indebtedness for borrowed money) arising in connection with transactions in the ordinary course of the Borrower’s business in connection with its securities transactions, derivatives transactions, reverse repurchase agreements or dollar rolls to the extent such transactions are permitted under the Investment Company Act and the Borrower’s Investment Policies (after giving effect to any Permitted Policy Amendments), provided that such Indebtedness does not arise in connection with the purchase of Portfolio Investments other than Cash Equivalents and U.S. Government Securities and (c) Indebtedness in respect of judgments or awards that have been in force for less than the applicable period for taking an appeal so long as such judgments or awards do not constitute an Event of Default under clause (l) of Article VII.

  • Estimated Indebtedness has the meaning set forth in Section 2.4(a).

  • Real Property Leases means the leases, subleases, licenses or other agreements, including all amendments, extensions, renewals, guaranties or other agreements with respect thereto, under which the Company or any of its Subsidiaries uses or occupies or has the right to use or occupy any real property.

  • Intercompany Indebtedness means Indebtedness of Company or any of its Subsidiaries which is owing to Company or any of its Subsidiaries.