Atlanta JV Sample Clauses

Atlanta JV. Parent Parties acknowledge and agree that the Company has caused the exercise of its Buy / Sell pursuant to Section 5.20 of the Merger Agreement. Section 5.20 of the Merger Agreement is amended to add the following at the end thereof: “In the event the Atlanta JV Equity Interest Purchase Price shall be subsequently increased beyond the amount previously presented to the Company Parties of $3,616,324, the Company agrees to not subsequently cause the re-exercise of the Buy / Sell at such higher price without the written consent of Parent. Such consent may be given or withheld by Parent at its sole discretion. Consent shall be deemed withheld if not given within two Business Days following notice by the Company to Parent of the increased Atlanta JV Equity Interest Purchase Price, and the Company’s obligation to cause the exercise of the Buy / Sell under this Section 5.20 shall be deemed waived by the Parent Parties.”
Sample 1
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Atlanta JV. Between the date hereof and the Closing, the Company shall cause its applicable Subsidiary to exercise its right to acquire the equity interest of the Atlanta JV (the “Buy / Sell”) from Three Wall Capital LLC (“TWC”) pursuant to Section 13.5 of the Limited Liability Company Agreement of the Atlanta JV (the “Transfer”). Parent consents to the refinancing of the indebtedness of the Atlanta JV pursuant to the financing term sheet set forth on Part 5.20A of the Company Disclosure Schedule (the “Atlanta JV Financing”) or such other financing on substantially the same terms provided that Parent consents to such other financing not to be unreasonably withheld. The purchase price for the Transfer shall be as set forth on Part 5.20B of the Company Disclosure Schedule (the “Atlanta JV Equity Interest Purchase Price”) and shall be financed under the Company’s existing line of credit. The Company shall (a) provide drafts of all documentation relating to the Transfer in advance of sharing such documents with counsel for TWC, (b) provide Parent with a reasonable amount of time to review such documents and (c) the Company shall incorporate all timely and reasonable comments provided by Parent and Parent’s legal counsel in such documents. The Company shall not agree to any indemnification or financial obligations that will be binding on Parent following the Closing, without Parent’s written consent.
Sample 1
Atlanta JV. A new Section 6.2(n) is hereby added to the Merger Agreement:
Sample 1

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