Transition Asset definition

Transition Asset means, at any time of determination, either (a) Property that was acquired by a Borrower or a Subsidiary within the period of six fiscal quarters most recently ended and when acquired had an Occupancy Rate of less than seventy percent (70.0%) or (b) a Property identified by the Borrower Representative in a written notice (which may be by telecopy or electronic mail) to the Administrative Agent on which the existing building is undergoing a renovation or redevelopment that will result in at least thirty percent (30%) of the total gross leasable area of such building being unavailable for occupancy. A Transition Asset of the type described in clause (a) of this definition will cease to be a Transition Asset immediately following the last day of the period of six fiscal quarters commencing with the fiscal quarter in which such Property was acquired, and a Transition Asset of the type described in clause (b) of this definition will cease to be a Transition Asset immediately following the last day of the period of six fiscal quarters commencing with the fiscal quarter in which all improvements related to the renovation or redevelopment were completed. A Transition Asset of the type described in clause (a) of this definition shall in no event be considered to be a Newly-Acquired Property.
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Transition Asset means, at any time of determination, either (a) Property that was acquired by a Borrower or a Subsidiary within the period of 18 months occurring immediately preceding the date of determination and when acquired had an Occupancy Rate of less than seventy percent (70.0%) or (b) a Property identified by the Borrower Representative in a written notice (which may be by telecopy or electronic mail) to the Administrative Agent on which the existing building is undergoing a renovation or redevelopment that will result in at least thirty percent (30%) of the total gross leasable area of such building being unavailable for occupancy. A Transition Asset of the type described in clause (a) of this definition will cease to be a Transition Asset on the date that is 18 months after the date of the acquisition of such Property, and a Transition Asset of the type described in clause (b) of this definition will cease to be a Transition Asset upon all improvements related to the renovation or redevelopment having been completed for 18 months.
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Transition Asset means, at any time of determination, either (a) Property that was acquired by a Borrower, a Subsidiary or an Unconsolidated Affiliate within the period of six fiscal quarters most recently ended and when acquired had an Occupancy Rate of less than seventy percent (70.0%) or
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Examples of Transition Asset in a sentence

  • Net Amortization Amounts: Transition (Asset)/ Obligation: The (excess asset) or unfunded liability for benefits attributed to credited service prior to the transition date - - amortized over 20 years.

  • Areas for allotments and for sports and recreation provision for young people are also shown.

  • In addition to the Board, EORLA is governed by a number of governance agreements with its member hospitals, including agreements on Membership, Service Levels, Human Resource Transition, Asset Transfer and Occupancy.

  • My pro- posal would take this approach and apply it across the whole national security struc- ture, not just the armed forces.

  • We do not know at which extent these accounting models are mixed and applied.

  • When multiple operators attempt to influence the device, it would appear that effects are increased when the operators are of the opposite sex or otherwise are meaningfully connected to one another—what PEAR referred to as “bonded pairs.” Table 1: Gender Disparities Table Figure 1: Co-Operator Results‌ In the context of FieldREG, objective factors can be important considerations for an experiment.

  • On the applicable Subsequent Transfer Date for any Transition Assets, without the taking of any further action or the payment of additional consideration by any party hereto, all of the right, title and interest of IMS in and to any and all of such Transition Assets shall be assigned, transferred, conveyed and delivered to PGIO (who immediately thereafter shall contribute such Transition Asset to the Company), free and clear of all Liens except Permitted Liens.

  • If there had been any remaining Transition Asset immediately recognized, I would include that as Other Comprehensive Income due to recognition in the net periodic pension cost as well.

  • Since the cost of settlement is greater than the decrease in the Projected Benefit Obligation due to the settlement, we have a loss due to settlement of $290,000 ($8,400,000 minus $8,110,000).Since there is no Transition Asset remaining in the AOCI(L), the maximum gain or loss in our example consists of the Net Loss remaining in the AOCI(L) of $610,000 and the loss due to settlement of $290,000, for a total maximum loss of $900,000.

  • Deauville Partnership With Arab Countries in Transition: Asset Recovery Action Plan, US Department of State (Washington, DC) 21 May 2012.

Related to Transition Asset

  • Transition means: 1) the formal and physical process of transferring from school to school or 2) the period of time in which a student moves from one school in the sending state to another school in the receiving state.

  • Benchmark Transition Event means the occurrence of one or more of the following events with respect to the then-current Benchmark:

  • Transition Period means the period beginning with the Registration Date and ending as of the earlier of: (i) the date of the first annual meeting of stockholders of the Company at which directors are to be elected that occurs after the close of the third calendar year following the calendar year in which the Registration Date occurs; and (ii) the expiration of the “reliance period” under Treasury Regulation Section 1.162-27(f)(2).

  • Additional Servicing Compensation means any servicing compensation (other than Servicing Fees, Special Servicing Fees, Workout Fees or Liquidation Fees) that any Servicer is entitled to retain under the Servicing Agreement.

  • Substitute Servicing Agreement means a servicing agreement that contains servicing provisions which are the same as or more favorable to the Non-Lead Noteholders, in substance, to those in the Servicing Agreement (including, without limitation, all applicable provisions relating to delivery of information and reports necessary for any Non-Lead Securitization to comply with any applicable reporting requirements under the Securities Exchange Act of 1934, as amended) and all references herein to the “Servicing Agreement” shall mean such subsequent servicing agreement; provided, however, that if a Non-Lead Securitization Note is in a Securitization, then a Rating Agency Confirmation shall have been obtained from each Rating Agency with respect to such subsequent servicing agreement.