Total Approved Parcel Value definition
Total Approved Parcel Value means, at any time, the sum of the Approved Parcel Values for all of the Approved Parcels at such time.
Total Approved Parcel Value means, at any time, the sum of the Approved Parcel Values for all of the Approved Parcels at such time; provided, however, that the aggregate Approved Parcel Values of all of the Approved Parcels owned by Permitted Partnerships shall not, at any time, exceed ten percent (10%) of the Total Approved Parcel Value at such time. "Transferee" has the meaning specified in subsection 10.8.5. "Type" means, in connection with a Loan, the characterization of such loan as a Reference Rate Loan or a LIBOR Rate Loan. "UCC" means the Uniform Commercial Code as in effect in any jurisdiction, as the same may be amended, modified or supplemented from time to time. "Unfunded Pension Liabilities" means the excess of a Plan's benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Plan's assets, determined in accordance with the assumptions used by the Plan's actuaries for funding the Plan pursuant to section 412 of the Code for the applicable plan year. "Unsecured Loan Agreement" means that certain Line of Credit Loan Agreement (Unsecured Loan) of even date herewith among the Company, the Banks, and BofA, as administrative agent for the Banks.
Total Approved Parcel Value means, at any time, the sum of the Approved Parcel Values for all of the Approved Parcels at such time. "Transferee" has the meaning specified in subsection 10.8.5. "Type" means, in connection with a Loan, the characterization of such loan as a Reference Rate Loan or a LIBOR Rate Loan. "UCC" means the Uniform Commercial Code as in effect in any jurisdiction, as the same may be amended, modified or supplemented from time to time. "Unfunded Pension Liabilities" means the excess of a Plan's benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Plan's assets, determined in accordance with the assumptions used by the Plan's actuaries for funding the Plan pursuant to section 412 of the Code for the applicable plan year. "Unsecured Loan Agreement" means that certain Line of Credit Loan Agreement (Unsecured Loan) of even date herewith among the Company, the Banks, and BofA, as administrative agent for the Banks.
Examples of Total Approved Parcel Value in a sentence
The Company or a wholly-owned Subsidiary of the Company or a Permitted Partnership owns fee title to such Parcel; provided, however, that notwithstanding its satisfaction of all of the conditions set forth in this Section 4.1, no Parcel owned by a Permitted Partnership shall become an Approved Parcel if it would cause the aggregate Approved Parcel Values of all of the Approved Parcels owned by Permitted Partnerships to exceed ten percent (10%) of the Total Approved Parcel Value at such time.
More Definitions of Total Approved Parcel Value
Total Approved Parcel Value means, at any time, the sum of the Approved Parcel Values for all of the Approved Parcels at such time. "Transferee" has the meaning specified in subsection 10.8.5. "Type" means, in connection with a Loan, the characterization of such loan as a Prime Rate Loan or a LIBOR Loan. "UCC" means the Uniform Commercial Code as in effect in any jurisdiction, as the same may be amended, modified or supplemented from time to time. "Unfunded Pension Liabilities" means the excess of a Plan's benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Plan's assets, determined in accordance with the assumptions used by the Plan's actuaries for funding the Plan pursuant to section 412 of the Code for the applicable plan year.