Substitution Conditions definition

Substitution Conditions has the meaning ascribed to it in SECTION 11 hereof.

Substitution Conditions means that the Release Amount of each Individual Property which is the subject of a substitution, when aggregated with the Release Amounts of all other Individual Properties which were previously, or are simultaneously therewith, the subject of a substitution, does not exceed one-third (33.333%) of the original principal balance of the Loan.

Substitution Conditions shall have the meaning set forth in Schedule III of this Agreement.

Examples of Substitution Conditions in a sentence

• Upon satisfaction of the Rate Substitution Conditions, Lender shall notify Borrower that the Rate Substitution Conditions have been satisfied.

• Substitution Conditions has the meaning given in clause 18 of this deed.

• For the avoidance of doubt, the Release or Substitution Conditions do not apply to any Discretionary Releases.

• APPENDIX A to Transferor's (Seller's) Application for Transfer (Assignment and Substitution) Transferee's (Buyer's) Application for Transfer (Assignment and Substitution) Conditions Regarding Assignment and Substitution The following conditions and acknowledgments shall apply to the proposed Assignment and Substitution: 1.

• Upon the expiration of the initial term, this Agreement shall be automatically extended for successive periods of one (1) year (together the “Employment Term”); provided, however, that the term shall not automatically extend and this Agreement shall terminate if either party provides the other party with at least thirty (30) days’ notice of non-renewal prior to the expiration of the then-current term.

More Definitions of Substitution Conditions

Substitution Conditions has the meaning set forth in Section 2.5.2.

Substitution Conditions means that the Release Amounts of all Property released during the term of the Loan do not represent in the aggregate more than one third (1/3) of the original aggregate of the Release Amounts for all of the Properties.

Substitution Conditions means the conditions set out in paragraph 1 of Schedule 4 hereto;

Substitution Conditions means, in connection with the replacement of a Collateral Store with a Substitute Store, that:

Substitution Conditions means that all Properties released ----------------------- during the term of the Loan do not represent in the aggregate more than twenty- five (25%) percent of (i) the aggregate Net Operating Income of all of the Properties for the twelve (12) month period immediately preceding the Outside Closing Date or for the twelve (12) month period immediately preceding the date of substitution and (ii) the value of the Properties as of the Closing Date as set forth on Schedule VIII hereto. -------------

Substitution Conditions as defined in subsection 2.6.4(a).

Substitution Conditions means, in connection with the replacement of a Collateral Store with a Substitute Store, that, as of the date such Collateral Store is closed or sold or the date of the Lease Expiration of such Collateral Store, as applicable: