Acquisition of Properties. The Loan Parties shall not, and shall not permit any of their respective Subsidiaries to, make an Acquisition of a fee or leasehold interest in any hotel property after the Closing Date except in accordance with the provisions of subsection 2.9.
Acquisition of Properties. At Closing, (i) BM–Country Club shall acquire title to the Country Club Apartments property identified on Exhibit A-1 of the Contract; (ii) BM–Hampton shall acquire title to the Hampton Green Apartments property identified on Exhibit A-2 of the Contract; (iii) BM–Oak Run shall acquire title to the Oak Run Apartments property identified on Exhibit A-3 of the Contract; and (iv) BM–Springhouse shall acquire title to the Springhouse Apartments property identified on Exhibit A-4 of the Contract.
Acquisition of Properties. The Borrowers and their Subsidiaries shall acquire, or shall invest in joint ventures which shall acquire, only Class A office properties in major metropolitan central business districts and major suburban markets of the Unites States; provided, however, that the Borrowers and their Subsidiaries shall not acquire, and shall not permit any Eligible Joint Venture in which any of them has invested to acquire, any New Property which is an Unleveraged Property and which the Borrowers intends to use in their calculations for the covenants set forth in Sections 8.9 and 8.10, unless and until
Acquisition of Properties. During the term of the Company, the Company shall seek to acquire Properties from third parties that are not Affiliates (as defined in Section 16.13 and except as provided in Section 6.2 hereof) of Inland or SAU that meet the Investment Guidelines. The Manager will use commercially reasonable efforts to identify Properties that meet the Investment Guidelines.
Acquisition of Properties. For the two-year period from and after the date of this Agreement (the “Acquisition Period”), the Company shall seek to acquire properties from third parties which are not Affiliates (as defined in Section 16.13) of Inland or NYSTRS (individually, a “Property”, and collectively, the “Properties”) that meet the Investment Guidelines; provided, however, that the Acquisition Period may be extended for one additional one-year period by written agreement of the Members. When determined by the Executive Committee (as defined herein) to be appropriate, the Company may acquire equity interests in entities which own or have interests in retail properties at locations in or around the Investment Area, which equity interests may be acquired either directly or through Subsidiaries, and as either general partnership, limited partnership, manager or membership interests (an “Equity Interest”). The Company shall use its best efforts to cause any Equity Interest to be transferable among the Members in accordance with the purchase and sale rights contained in Article 10 of this Agreement, or as otherwise agreed to by the Members. For purposes of this Agreement, ownership of any Equity Interest shall be deemed to be ownership of a “Property” hereunder. At the end of the Acquisition Period, the Company shall cease to acquire Properties; provided, however, that it shall complete any transactions to acquire Properties for which it has become contractually bound during the Acquisition Period.
Acquisition of Properties. 64 A. Acquisition and Addition of Pool A Properties..... 64 B. Acquisition of Pool B Properties.................. 65 C.
Acquisition of Properties. On 21 February 2022 (after trading hours), Lilang China, a wholly-owned subsidiary of the Company, entered into the Agreement with the Vendor, pursuant to which Lilang China agreed to acquire, and the Vendor agreed to sell, the Properties at a total consideration of RMB205,000,000 on the terms and conditions as summarised below.
Acquisition of Properties. The Parties agree that as soon as reasonably practicable upon each Property satisfying the Investment Criteria and subject to the Credit Facilities condition precedent in Clause 9.1.1 of the Joint Venture Agreement being satisfied, the Property, directly or indirectly through a Special Purpose Vehicle, shall be contributed to the Company in accordance with the terms and conditions of the Joint Venture Agreement Shurgard agrees that at the time of the contribution of the Property to the Company the representations set out in Clause 5.1.1 (subject to Clause 5.1.3) must be true in respect of the Property. At the acquisition of a Property by the Company, Shurgard shall be reimbursed as set forth in Clause 9. Developing the Properties As soon as reasonably practicable following the contribution of the Property to the Company Shurgard shall commence and thereafter proceed with all due expedition to complete the development of the Properties as soon as practicable Shurgard shall develop Properties for the account of the Company. The Properties will be built and developed in a good and workmanlike manner using good quality materials and (i) applying not less than the same standard of care Shurgard applies to its own properties as at the date of this Agreement and (ii) in accordance with all applicable regulations and without predjudice to the generality of the foregoing shall be of a construction quality and of materials that are of no lesser standard than the current standard of construction required by Shurgard for newly developed self-service storage centres as at today's. Shurgard shall use its best efforts to avoid cost overruns on the development of the Properties. If the aggregated cost overruns on the development exceed 4.00% of the Direct Development Costs as budgeted in the Real Estate Packages, Shurgard shall reimburse such overruns exceeding 4.00% within 10 Business Days of the final figure being computed. This test shall be effected within 4 months from the date on which all the Properties have been fully constructed or 1 month before the date of the expiration of the Term if sooner. Cost overruns as a result of Acts of God or force majeure or any event beyond the control of Shurgard which it could not reasonably have foreseen, including an archeological discovery at a construction site or a change of the permit requirements after obtaining a valid permit, shall not be included for the computation of the cost overruns. If, as a result of a change to t...
Acquisition of Properties. The Borrower shall not acquire any additional oil and gas properties that have a cost in excess of $1,000,000 without the approval of the Lender. In the event that the Borrower has entered into credit facilities similar to this Agreement, the Borrower shall obtain the approval of the holders of at least 60% of the
Acquisition of Properties. 4.2.1 The Parties agree that as soon as reasonably practicable upon each Property satisfying the Investment Criteria and subject to the Credit Facility condition precedent in Clause 9.1.1 of the Joint Venture Agreement being satisfied, the Property shall be contributed to the relevant Asset Company in accordance with the terms and conditions of the Joint Venture Agreement.
