Collateral Pool Property definition

Collateral Pool Property shall have the meaning set forth in the Credit Agreement.
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Collateral Pool Property means any Hotel Property in the Collateral Pool.
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Collateral Pool Property and "Collateral Pool Properties" shall mean the multi-family real property or properties, as the case may be, as set forth in SCHEDULE 1.1(A), together with any multi-family real properties which have been added to the Collateral Pool and less any real properties which have been released from the Collateral Pool hereunder.
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Examples of Collateral Pool Property in a sentence

  • In consideration for the leasing of the Site by the District to Lessee, and for other good and valuable consideration, Lessee shall pay the District rent of One Dollar ($1.00) per year.

  • Upon the earlier to occur of (i) termination of the Credit Agreement pursuant to the terms of Section 2.6 thereof, and (ii) release of the Collateral Pool Property pursuant to the terms of Section 3.2 of the Credit Agreement, Lender will pay to Borrower all funds remaining in any Reserve Funds.

  • Each Collateral Pool Property has adequate rights of access to public ways and is served by adequate water, sewer, sanitary sewer and storm drain facilities as are adequate for full utilization of such Collateral Pool Property for its use as a multifamily residential property.

  • All roads necessary for the full utilization of each Collateral Pool Property for its current purpose have been completed and dedicated to public use and accepted by all Official Bodies or are the subject of access easements for the benefit of such Collateral Pool Property.

  • Each Collateral Pool Property is comprised of one or more parcels, each of which constitutes a separate tax lot and none of which constitutes a portion of any other tax lot.

  • If the results of such Valuation disclose that the Market Value of the affected Collateral Pool Property has decreased, then the Market Value shall thereafter be deemed to be the amount shown in such Valuation.

  • Except as disclosed to Lender in writing, there are no rent level restrictions or tenant income restrictions on any Collateral Pool Property.

  • Except as disclosed to Lender in writing, no Collateral Pool Property shall be raw land or property under construction or development with respect to which property construction or reconstruction will be needed before the property can be leased to tenants paying rent.

  • Except as disclosed to Lender in writing, all residential leases with respect to the Collateral Pool Property are for terms of two (2) years or less.

  • Any operating statement required hereunder shall relate to the operations of the applicable Collateral Pool Property during the preceding calendar year.


More Definitions of Collateral Pool Property

Collateral Pool Property means a Multifamily Mortgaged Property or Student Housing Mortgaged Property as set forth in Schedule 1.1(A).
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Collateral Pool Property means each Mortgaged Property as set forth in Schedule 1.1(A). Schedule 1.1(A) shall be deemed amended each time a Mortgaged Property is added as a Collateral Pool Property or released as a Collateral Pool Property in accordance with the terms of this Agreement.
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Collateral Pool Property means the Real Properties (other than Abundance of Caution Property) that (i) satisfy each of the Collateral Pool Eligibility Conditions as of the date of determination and (ii) are either (a) identified on Schedule 1.1(a) or (b) acquired subsequent to the Closing Date by a Subsidiary of the Borrower or the Borrower with the proceeds of Revolving Loans and in satisfaction of each of the conditions contained in Section 5.2 hereof.
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Collateral Pool Property means separately the Real Property Assets identified on Schedule 1.1(C).
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Related to Collateral Pool Property

  • Collateral Pool means, at any time, each Portfolio Investment that has been Delivered (as defined in the Guarantee and Security Agreement) to the Collateral Agent and is subject to the Lien of the Guarantee and Security Agreement, and then only for so long as such Portfolio Investment continues to be Delivered as contemplated therein and in which the Collateral Agent has a first-priority perfected Lien as security for the Secured Obligations (subject to any Lien permitted by Section 6.02 hereof with respect to such Portfolio Investment), provided that in the case of any Portfolio Investment in which the Collateral Agent has a first-priority perfected (subject to Permitted Liens under clause (g) of the definition thereof) security interest pursuant to a valid Uniform Commercial Code filing, such Portfolio Investment may be included in the Collateral Pool so long as all remaining actions to complete “Delivery” are satisfied in full within the longest period of (i) seven (7) days of such inclusion and (ii) as the Collateral Agent may agree in its reasonable discretion.

  • Borrowing Base Property means Eligible Property and/or Commercial Land that the Administrative Agent has agreed to include in calculations of the Borrowing Base pursuant to Section 4.1. A Property shall be excluded from the determination of the Borrowing Base if at any time such Property shall cease to be an Eligible Property.

  • Borrowing Base Properties means the Oil and Gas Properties of the Loan Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 8.12.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Closing Date pursuant to Section 5.11(c) or 4.02.