Seasoned Date definition

Seasoned Date means the first day on which an acquired Hotel Property has been owned for four (4) full fiscal quarters following the date of acquisition.
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Seasoned Date means the first day on which an acquired Real Property has been owned for six (6) full fiscal quarters following the date of acquisition of such Real Property.
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Seasoned Date means, with respect to each Hotel Asset acquired by the Parent Guarantor or any Subsidiary or any Joint Venture (as the case may be), the date which is four full fiscal quarters after the acquisition date thereof.
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Examples of Seasoned Date in a sentence

  • P roperty” means (a) each Hotel Property (other than a New Property) owned in fee simple by, or subject to a ground lease to, the Parent Guarantor or any of its Subsidiaries or Unconsolidated Affiliates and (b) upon the occurrence of the Seasoned Date of any New Property, such Hotel Property.

  • Such Hotel shall constitute a New Property and shall have as its Seasoned Date the last day of the fourth calendar quarter following the date on which such Property or Equity Interests were acquired, unless Administrative Agent, in its discretion and at Borrower’s request, designates a later Seasoned Date.

  • Borrower may, by written notice to Administrative Agent, irrevocably designate as the Seasoned Date for any Property a date that is earlier than the Seasoned Date for such Property specified in Schedule 2, by Administrative Agent pursuant to Section 4.1 or in the applicable Unencumbered Pool Supplement (as applicable) but in no event shall such date be a date that is earlier than the date on which such notice is given.


More Definitions of Seasoned Date

Seasoned Date means the first day on which an acquired Property on which a hotel is located has been owned for four (4) full fiscal quarters following the date of acquisition by the Parent, the Borrower, a Subsidiary or an Unconsolidated Affiliate.
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Seasoned Date means, with respect to each Hotel Asset acquired by the Parent Guarantor or any Subsidiary or any Joint Venture (as the case may be), the date which is four full fiscal quarters after the acquisition date thereof. “Seasoned Property” means each Hotel Asset acquired by the Parent Guarantor or any Subsidiary or any Joint Venture (as the case may be) which has been owned for a period of more than four full fiscal quarters after the acquisition thereof. “Secured Indebtedness” means, with respect to the Parent Guarantor and its Subsidiaries as of a given date, the portion of Total Indebtedness (excluding the Total Indebtedness relating to the Facilities and the 2018 Term Loan Facility) that is secured in any manner by any Lien on any property or any Equity Interests in any direct or indirect Subsidiary of the Parent Guarantor or any Joint Venture. “Secured Obligations” means the “Secured Obligations” as defined in the Pledge Agreement, exclusive of all Excluded Swap Obligations. “Secured Parties” means, collectively, the Administrative Agent for the ratable benefit of the Lender Parties and the Hedge Banks. “Secured Recourse Indebtedness” means the portion of Secured Indebtedness that is not Non- Recourse Debt (excluding that portion of Secured Indebtedness relating to the Summit JV MR 1 Facility and the Summit SubJV Facility). “Securities Act” means the Securities Act of 1933, as amended to the date hereof and from time to time hereafter, and any successor statute. “Securities Exchange Act” means the Securities Exchange Act of 1934, as amended to the date hereof and from time to time hereafter, and any successor statute. “Selling Lender” has the meaning specified in Section 2.17(e). “Single Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is maintained for employees of any Loan Party or any ERISA Affiliate and no Person other than the Loan Parties and the ERISA Affiliates or (b) was so maintained and in respect of which any Loan Party or any ERISA Affiliate could have liability under Section 4069 of ERISA in the event such plan has been or were to be terminated. “Xxxxx Travel Research” means Xxxxx Travel Research or a substitute lodging industry research company proposed by the Borrower and approved by the Administrative Agent.
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Seasoned Date means, with respect to each Hotel Asset acquired by the Parent Guarantor or any Subsidiary or any Joint Venture (as the case may be), the date which is four full fiscal quarters after the acquisition date thereof. “Seasoned Property” means each Hotel Asset acquired by the Parent Guarantor or any Subsidiary or any Joint Venture (as the case may be) which has been owned for a period of more than four full fiscal quarters after the acquisition thereof. “Secured Indebtedness” means, with respect to the Parent Guarantor and its Subsidiaries as of a given date, the portion of Total Indebtedness that is secured in any manner by any Lien on any property or any Equity Interests in any direct or indirect Subsidiary of the Parent Guarantor or any Joint Venture. “Secured Recourse Indebtedness” means the portion of Secured Indebtedness that is not Non- Recourse Debt (excluding that portion of Secured Indebtedness relating to the Summit JV MR 1 Facility and the Summit SubJV Facility). “Securities Act” means the Securities Act of 1933, as amended to the date hereof and from time to time hereafter, and any successor statute. “Securities Exchange Act” means the Securities Exchange Act of 1934, as amended to the date hereof and from time to time hereafter, and any successor statute.
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Seasoned Date means (a) with respect to each New Property identified in Schedule 2, the date so designated in Schedule 2, (b) in the case of a New Property acquired after the Effective Date, (i) the last day of the fourth calendar quarter following the date on which such Property was acquired by Borrower, Parent or the applicable Subsidiary or Unconsolidated Affiliate or (ii) such later date as may be designated either by Administrative Agent pursuant to Section 4.1 or in an Unencumbered Pool Supplement or (c) in any case, such earlier date as may be designated by Borrower pursuant to Section 4.4.
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Seasoned Date means, with respect to each Asset acquired by a Borrower, any Subsidiary thereof or any Joint Venture (as the case may be), the date which is four full fiscal quarters after the acquisition date thereof.
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Related to Seasoned Date

  • fixed date means the date fixed in terms of subsection (2) of section one as the date of commencement of this Act;

  • Specified Date means any Redemption Date, any Payment Date for an Offer to Purchase or any date on which the Notes first become due and payable after an Event of Default.

  • Required Date means by the 10th Business Day following the end of the Quarter for which the information prescribed in Annex V4 is being provided.

  • Designated Date means the date on which funds are transferred from the Escrow Account(s) and the amounts blocked are transferred from the ASBA Accounts, as the case may be, to the Public Offer Account(s) or the Refund Account(s), as appropriate, in terms of the Red Xxxxxxx Prospectus and the Prospectus, after the finalisation of the Basis of Allotment in consultation with the Designated Stock Exchange in terms of the Red Xxxxxxx Prospectus, following which the Board of Directors may Allot Equity Shares to successful Bidders in the Offer.

  • Dated Date means the date of delivery of the Bonds.

  • Well-Known Seasoned Issuer means a well-known seasoned issuer, as defined in Rule 405.

  • Presentation Date means a day which (subject to Condition 12 (Prescription)):

  • ZERO DATE means the date of issue of LETTER OF INTENT (LOI) or issue of WORK ORDER, whichever is earlier.

  • Appointed Date means the date declared by the Authority as the project commencement date with the consent of the contractor, as per the process prescribed in Article 3 and 8 of this Agreement;

  • Date The Effective Date (as defined in the Funding Agreement)

  • Qualification Date means the date as of which the Offering Statement was or will be qualified with the Commission pursuant to Regulation A, the Act and the Rules and Regulations; and

  • Index Business Day means, in respect of an Index, any day on which the Index Sponsor in respect of such Index is scheduled to publish the level of the Index.

  • Bid Date means the date fixed for receipt of Bids as per Notice Inviting Bids or as extended by subsequent notification(s).

  • SOFR Index Cessation Date means, in respect of a SOFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the SOFR), ceases to publish the SOFR, or the date as of which the SOFR may no longer be used.

  • Last Audited Date means December 31, 2004.

  • Auction Date means the first Business Day preceding the first day of a Dividend Period.

  • Break Date means [Insert date or dates]1 [or any date falling after that date] [or the day before any Rent Day after that date] [or any [fifth] anniversary of that date] [as specified in the Tenant's formal notice given under Clause 7.1];]2

  • Formation Date has the meaning set forth in the Recitals hereof.

  • Drop Dead Date has the meaning set forth in Section 9.01(b)(i).

  • OBFR Index Cessation Date means, in respect of an OBFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the OBFR), ceases to publish the OBFR, or the date as of which the OBFR may no longer be used.

  • Publication Date means an Ordinary Publication Date or an Extraordinary Publication Date, as the case may be.

  • Computation Date is defined in Section 2.04.

  • Latest Practicable Date means 16 May 2016, being the latest practicable date

  • disclosure date means either of the following:

  • Market Measure Business Day means a day on which:

  • Valid Date means a Scheduled Trading Day that is not a Disrupted Day and on which another Averaging Date in respect of the relevant Valuation Date does not or is not deemed to occur.