Initial Collateral Properties definition

Initial Collateral Properties means the six (6) Collateral Properties identified in Schedule II hereto.
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Initial Collateral Properties means (a) the Boston Hyatt, (b) the Checkers Hilton Hotel in Los Angeles, California, (c) the Anaheim Courtyard by Marriott Hotel in Anaheim, California and (d) the ▇▇▇▇▇▇ Marriott Hotel in Newton, Massachusetts.
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Initial Collateral Properties means the properties identified as such on Schedule A hereto.
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Examples of Initial Collateral Properties in a sentence

  • On the Effective Date, the Initial Collateral Properties shall be the sole Collateral Properties.

  • At any time prior to ▇▇▇▇▇ ▇▇, ▇▇▇▇, ▇▇▇▇ of the Initial Collateral Properties nor any portion thereof (nor all nor a portion of any equity interest in a Subsidiary owning any such Initial Collateral Property) shall be sold, transferred or otherwise conveyed, nor shall any Indebtedness securing any such Initial Collateral Property or any such equity interest be incurred.

  • The Agent shall have received hazardous waste site assessment reports running in favor of the Agent and the Lenders concerning Hazardous Substances (or the threat thereof) and asbestos with respect to the Initial Collateral Properties, if any, dated no earlier than 30 days prior to the Closing Date (or such longer period of time as may be approved by the Agent), from environmental engineers acceptable to the Agent, such reports to be in form and substance satisfactory to the Agent and each of the Lenders.

  • The Agent shall also have received zoning endorsements (where available under applicable law and regulation) to the Title Policies for the Initial Collateral Properties, if any, or, if not so available, such other evidence as is available, such as zoning letters, from public authorities that each of such Initial Collateral Properties is, as of the Closing Date, in full compliance with all applicable zoning, environmental and land use requirements.

  • Each of the Initial Collateral Properties and Pipeline Properties that has been added as a “Collateral Property” pursuant to Section 5.2 of this Agreement, the Equity Interests in which have been pledged as Collateral for the Obligations and any Hedge Obligations pursuant to the Pledge Agreement.

  • Borrower shall pay for all Appraisals of the Initial Collateral Properties and the Qualifying Collateral Properties required hereunder.

  • The Agent shall have received evidence reasonably satisfactory to the Agent that (i) all activities being conducted on the Initial Collateral Properties, if any, which require federal, state or local Permits have been duly licensed and that such Permits are in full force and effect, and (ii) the Initial Collateral Properties, if any, are in compliance with all zoning, land use, environmental, architectural access, historical and building laws.

  • As of the Amendment Effective Date, Schedule 1 is a correct and complete list of all Initial Collateral Properties.

  • The Agent shall have received evidence reasonably satisfactory to the Agent that (i) all activities being conducted on the Initial Collateral Properties which require federal, state or local Permits have been duly licensed and that such Permits are in full force and effect, and (ii) the Initial Collateral Properties are in compliance with all zoning, land use, environmental, architectural access, historical and building laws.

  • Without prior written notice to Administrative Agent, except with respect to the trademarks, trade names, service marks or logos listed on Schedule 6.6 or in any Mortgage with respect to any Collateral Property other than the Initial Collateral Properties, none of the Collateral Properties shall be owned or operated by any Borrower under any trademark, trade name, service mark or logo.


More Definitions of Initial Collateral Properties

Initial Collateral Properties means the Collateral Properties listed on Schedule 5.08 as of the Closing Date.
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Initial Collateral Properties means (a) the Boston Hyatt, (b) the Checkers Hilton Hotel in Los Angeles, California, (c) the Anaheim Courtyard by
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Initial Collateral Properties the collective reference to the B▇▇▇▇▇▇ Collateral Properties, the New York Square Property, the Service Merchandise Plaza Property and the Wolfchase BB&B Property, all of which shall be included as Collateral Properties on the Effective Date.
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Initial Collateral Properties means those certain Projects listed in Schedule 1 attached hereto.
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Related to Initial Collateral Properties

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.

  • 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.

  • Initial Collateral Amount means $1,000,000,000, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

  • 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.