Transitional Asset definition

Transitional Asset. Any Whole Loan with respect to which the Underlying Mortgaged Property does not meet the applicable In Place DSCR criteria but which has nevertheless been deemed acceptable by the Agent in its sole discretion; provided, that “Transitional Asset” shall not include (a) land loans, (b) construction loans, (c) loans with respect to which the Underlying Mortgaged Property will take more than thirty (30) months to achieve a stabilized cash flow sufficient to characterize such loans as stabilized or non-transitional or (d) operating companies (other than hotel properties).
Sample 1
Transitional Asset. Any Delayed Draw Term Loan or Other Loan for which the unfunded portion of such loan as of the origination date of the related financing represents 35% or less of the sum of (a) the then outstanding amount of such loan and (b) the remaining amount required to be funded to the borrower pursuant to the terms of such loan; provided, that a Delayed Draw Term Loan or Other Loan shall not be classified as a Non-Transitional Asset if the Rating Agency Condition to such effect has been satisfied.
Sample 1
Transitional Asset means any Whole Loan with respect to which the Underlying Mortgaged Property is undergoing a transition (including, without limitation, a condominium conversion) and does not meet the applicable DSCR criteria but which has nevertheless been deemed acceptable by the Agent in its sole discretion; provided, that “Transitional Asset” shall not include (a) land loans, (b) construction loans, (c) loans with respect to which the Underlying Mortgaged Property will take more than thirty (30) months to achieve a stabilized cash flow sufficient to characterize such loans as stabilized or non-transitional or (d) operating companies (other than hotel properties).
Sample 1

Examples of Transitional Asset in a sentence

  • For ease of reference this Transitional Asset Management Plan is referred to throughout this document as an AMP.

  • Executive Summary1.1. Background This is MDL’s Transitional Asset Management Plan presented in conformity with section2.12.12 of the Commerce Commission’s Gas Transmission Information Disclosure Determination 2012.

  • DIA and NTU have started preparation work on the Transitional Asset Management Plans (TAMPs).

  • For the purposes of amalgamation it is recommended that amalgamating local governments prepare a cut down version of the IIMM suggested format, i.e a Transitional Asset Management Plan (TAMP).

  • MDL Transitional Asset Management Plan December 2014 63Adoption of the “bow tie” approach has seen a reduction in the number of key risk categories, with broader risk categories and a greater number of associated causal events, when compared with the previous risk register approach.

  • The department identifies and mitigates an investment’s risks from inception throughout its compliance period.Job SummaryThe Transitional Asset Manager is a critical member of CAHEC’s Transitional Asset Management team, providing development period oversight for a portfolio of investments from closing through stabilization.

  • Upon the effective date of this policy statement, but prior to obtaining such expanded statutory investment authority, a Transitional Asset Allocation Policy described in Table 2b would govern.

  • Accrued benefit obligation (ABO), end of period— Fair value of plan assets, end of period = Plan’s funded status ABO > Plan assets = underfunded = a funded status liability Plan assets > ABO = overfunded = a funded status asset Illustration 19-5Funded Status Transitional Asset or ObligationAmendments to pension accounting standards in the late 1980s and the introduction of CICA Handbook Section 3461 in 2000 resulted in significant changes to the accounting for pensions and other employee future benefits.

  • Attend meetings with the Transitional Asset Management Team at least monthly to review the status of each development-stage investment.

  • Executive Summary1.1. Background This is Maui Development Limited’s (MDL) Transitional Asset Management Plan (AMP) presented in conformity with section 2.12.12 of the Commerce Commission’s Gas Transmission Information Disclosure Determination 2012.


More Definitions of Transitional Asset

Transitional Asset. Any Whole Loan with respect to which the Underlying Mortgaged Property does not meet the applicable In Place DSCR criteria but which has nevertheless been deemed acceptable by the Agent in its sole discretion; provided, that
Sample 1
Transitional Asset shall not include (a) land loans, (b) construction loans, (c) loans with respect to which the Underlying Mortgaged Property will take more than thirty (30) months to achieve a stabilized cash flow sufficient to characterize such loans as stabilized or non-transitional or (d) operating companies (other than hotel properties).
Sample 1
Transitional Asset means any Future Funding Asset or Other Loan for which the unfunded portion of such loan as of the origination date of the related financing represents 35% or less of the sum of (a) the then outstanding amount of such loan and (b) the remaining amount required to be funded to the borrower pursuant to the terms of such loan; provided, that an Future Funding Asset or Other Loan shall not be classified as a Non-Transitional Asset if Rating Confirmation to such effect is received.
Sample 1

Related to Transitional Asset

  • Additional Assets means (1) any property or other assets used or useful in a Similar Business, (2) the Capital Stock of a Person that becomes a Restricted Subsidiary of the Issuer as a result of the acquisition of such Capital Stock by the Issuer or another Restricted Subsidiary or (3) Capital Stock constituting a minority interest in any Person that at such time is a Restricted Subsidiary of the Issuer; provided, however, that any Restricted Subsidiary described in clause (2) or (3) above is engaged in a Similar Business.

  • Transition Property means the property right created by a financing order, including without

  • Initial Assets The Assets identified on Schedule I hereto.

  • Collateral Senior Additional Interest shall have the meaning specified in subsection 4.02(d).

  • Additional Account means each New Account and each Aggregate Addition Account.

  • Risk Transfer Date means the date when the risk of loss or damage to the Works passes from the Contractor to the Employer in accordance with sub Clauses 38.2 and 39.1.

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Restricted Asset has the meaning specified in Section 2.4(1).

  • Service Transfer Date means the date of a Service Transfer;

  • Transfer Vehicle means any vehicle that operates in space and transfers Payloads or persons or both between two different space objects, between two different locations on the same space object, or between a space object and the surface of a celestial body. A Transfer Vehicle also includes a vehicle that departs from and returns to the same location on a space object.

  • Bondable transition property means the property consisting of

  • Receivables and Related Assets means Receivables and any instruments, documents, chattel paper, obligations, general intangibles and other similar assets, in each case, relating to such Receivables.

  • Permitted Receivables Related Assets means any other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving receivables similar to Receivables and any collections or proceeds of any of the foregoing.

  • Additional Accounts shall have the meaning specified in subsection 2.06(a).

  • Material Asset means any asset which has a book value of RMB100,000 or more or has a material effect on the business operations of any Party.

  • Qualifying Asset in relation to any Project Financing means:

  • Receivables Related Assets means accounts receivable, instruments, chattel paper, obligations, general intangibles and other similar assets, in each case relating to receivables subject to the Permitted Receivables Facility, including interests in merchandise or goods, the sale or lease of which gave rise to such receivables, related contractual rights, guaranties, insurance proceeds, collections and proceeds of all of the foregoing.

  • Underlying Asset means the object or underlying asset in a CFD which may be Currency Pairs (for FX Contracts), Equity Indices, base or precious Metals, Forwards, Commodities, Stocks, Shares Indices and Futures. It is understood that the list is subject to change and Clients must refer each time on the Trading Platform.

  • the transfer date means 1 September 1989;

  • Disposition Date shall have the meaning ascribed thereto in Subsection 5.1(d);

  • Principal Property means any manufacturing plant or manufacturing facility, located within the United States of America (other than its territories and possessions), owned or leased by the Company or any Restricted Subsidiary, unless, in the opinion of the Board of Directors, such plant, facility or property is not of material importance to the total business conducted by the Company and its Restricted Subsidiaries as an entirety.

  • Collateral Support means all property (real or personal) assigned, hypothecated or otherwise securing any Collateral and shall include any security agreement or other agreement granting a lien or security interest in such real or personal property.