Crescent Sample Clauses

Crescent. All the certain real property located in the County of Arapahoe, State of Colorado, described as follows: PARCEL ONE: A parcel of land in the Northeast quarter of Section 16, Township 5 South, Range 67 West of the 6th P.M., Denver Technological Center, County of Arapahoe, State of Colorado, being more particularly described as follows: Commencing at the North quarter corner of Section 16, Township 5 South, Range 67 West of the 6th P.M.; Thence along the North line of the Northeast quarter of said Section 16 North 89°52’59” East, a distance of 557.09 feet; Thence leaving said North line South 00°07’01” East a distance of 50.00 feet to a point on the Southerly right-of-way line of East Belleview Avenue; Thence departing said right-of-way line and continuing South 00°07’01” East a distance of 251.46 feet to a point of curvature; Thence along a curve to the right having a radius of 224.00 feet, an arc length of 128.91 feet, a central angle of 32°58’25” and a chord which bears South 16°22’10” West, a distance of 127.14 feet to the TRUE POINT OF BEGINNING; Thence South 57°54’40” East, a distance of 72.86 feet; Thence North 57°20’00” East, a distance of 326.52 feet; Thence along a non-tangent curve to the left having a radius of 450.00 feet, an arc length of 170.12 feet, a central angle of 21°39’36”, and a chord which bears South 43°29’48” East, a distance of 169.11 feet to a point of compound curvature; Thence along a curve to the left having a radius of 590.00 feet, an arc length of 50.78 feet, a central angle of 04°55’52”, and a chord which bears South 56°47’33” East, a distance of 50.76 feet; Thence South 00°36’41” West, a distance of 107.62 feet; Thence South 29°06’22” West, a distance of 114.44 feet; Thence South 74°06’22” West, a distance of 33.94 feet; Thence South 29°06’22” West, a distance of 177.64 feet; Thence South 74°06’22” West, a distance of 26.00 feet; Thence South 30°08’24” West, a distance of 213.47 feet; Thence South 89°53’15” West, a distance of 81.34 feet; Thence North 00°37’24” East, a distance of 395.82 feet; Thence along a non-tangent curve to the right having a radius of 825.50 feet, an arc length of 156.89 feet, a central angle of 10°53’22”, and a chord which bears North 37’25’14” West, a distance of 156.66 feet; Thence North 57°54’40” West, a distance of 47.14 feet; EXHIBIT A Thence along a non-tangent curve to the left having a radius of 224.00 feet, an arc length of 40.27 feet, a central angle of 10°18’00”, and a chord which bears No...
Sample 1
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Crescent. (i) The assumption or rejection by the Loan Parties of leases and executory contracts with Crescent Jewelers, Inc., Crescent Jewelers or any of their respective subsidiaries (collectively, the "Crescent Parties"), with such changes thereto as the Borrower deems necessary or advisable in its reasonable judgment; and (ii) the Loan Parties, so long as no additional investments are made by the Borrower or the Subsidiary Guarantors in the Crescent Parties, may take such other actions as the Borrower deems necessary or desirable in its reasonable judgment in respect of the Loan Parties' contracts with, claims against, and investments in, the Crescent Parties, including, without limitation, sales, releases, settlements or conversions to equity, as applicable, of any of the foregoing. SCHEDULE 2.19
Sample 1
Crescent. Crescent develops and manages high-quality commercial, residential and multi-family real estate projects, and manages land holdings, primarily in the Southeastern and Southwestern U.S. As of December 31, 2005, Crescent owned 0.4 million square feet of commercial, industrial and retail space, with an additional 1.5 million square feet under construction. This portfolio included 0.9 million square feet of office space, 0.7 million square feet of warehouse space and 0.3 million square feet of retail space. Crescent’s residential developments include high-end country club and golf course communities, with individual lots sold to custom builders and tract developments sold to national builders. Crescent had three multi-family communities at December 31, 2005, including one operating property and two properties under development. As of December 31, 2005, Xxxxxxxx also managed approximately 131,000 acres of land.
Sample 1
Crescent. In the third quarter of 2005, Xxxxxxxx recognized pre-tax impairment charges of approximately $16 million related to a residential community near Hilton Head Island, South Carolina, that includes both residential lots and a golf club, to reduce the carrying value of the community to its estimated fair value. This impairment was recognized as a component of Impairment and Other Charges in the accompanying Consolidated Statements of Operations. This community has incurred higher than expected costs and has been impacted by lower than anticipated sales volume. The fair value of the remaining community assets was determined based upon management’s estimate of discounted future cash flows generated from the development and sale of the community. In the fourth quarter of 2004, Xxxxxxxx recorded impairment charges of approximately $42 million related to two residential developments in Payson, Arizona, the Rim and Chaparral Pines, and one residential development in Austin, Texas, Twin Creeks. The impairment charges were related to long lived assets at the three properties. The developments have suffered from slower than anticipated absorption of available inventory. Fair value of the assets was determined based on management’s assessment of current operating results and discounted future cash flow models. Xxxxxxxx also recorded bad debt charges of $8 million related to notes receivable due from Rim Golf Investor, LLC and Chaparral Pines Investor, LLC. This amount is recorded in Operation, Maintenance and Other on the Consolidated Statements of Operations.
Sample 1
Crescent. Crescent routinely develops real estate projects and operates those facilities until they are substantially leased and a sales agreement is finalized. If Crescent does not retain any significant continuing involvement after the sale, Crescent classifies the project as “discontinued operations” as required by SFAS No. 144. In 2005, Crescent sold three commercial properties resulting in sales proceeds of approximately $44 million. The $6 million after tax gain on these sales was included in (Loss) Income from Discontinued Operations, net of tax, in the accompanying Consolidated Statements of Operations. In 2004, Crescent sold one multi-family, two residential and two commercial properties resulting in sales proceeds of approximately $52 million. The $5 million after tax gain on these sales was included in (Loss) Income from Discontinued Operations, net of tax, in the accompanying Consolidated Statements of Operations. In 2003, Crescent sold three retail centers and one apartment complex, all located in Florida, for a total sales price of approximately $77 million. The $11 million after tax gain on these sales was included in (Loss) Income from Discontinued Operations, net of tax, in the accompanying Consolidated Statements of Operations.
Sample 1
Crescent. (a) Notwithstanding anything to the contrary in this Agreement (including, without limitation, Sections 8.4, 8.6, 8.9 and 8.11), (i) a Credit Party may enter into a Crescent Investment Restructuring Transaction; provided, however, that (A) no Credit Party may transfer any cash or other Property (other than Capital Stock of Xxxxxxxx'x) to any Crescent Party or any of their respective Affiliates that is not part of the Consolidated Group in connection with any such transaction; and (B) following consummation of such Crescent Investment Restructuring Transaction, no Default or Event of Default shall exist arising out of the breach of any covenant contained in Article 7 or Article 8 after giving effect to the provisions of Section 8.20(b); and (ii) each Credit Party may continue providing all or any services and licenses to Crescent to the same as extent provided on the Closing Date.
Sample 1
Crescent. The acquisition of Crescent by the Company is not "probable," as that term is used in Rule 3-05 of Regulation S-X under the Securities Act. All information regarding Crescent that is material to the Company, its subsidiaries and their business has been disclosed in the Registration Statement and the Prospectus.
Sample 1
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Crescent. The parties hereby acknowledge that any reference to interest made herein or in any other Transaction Document is not applicable to Crescent. Furthermore, the parties hereby acknowledge that in lieu of any interest due and owing to the Buyers hereunder or pursuant to any other Transaction Document, Crescent shall accrue a corresponding fee in the equivalent pro-rata amount earned by the other Buyers.
Sample 1
Crescent. (i) The assumption or rejection by the Loan Parties of leases and executory contracts with Crescent Jewelers, Inc., Crescent Jewelers or any of their respective subsidiaries (collectively, the "Crescent Parties"), with such changes thereto as the Borrower deems necessary or advisable in its reasonable judgment; and (ii) following the Incremental Facility Effective Date, the Loan Parties, so long as no additional investments are made by the Borrower or the Subsidiary Guarantors in the Crescent Parties, may take such other actions as the Borrower deems necessary or desirable in its reasonable judgment in respect of the Loan Parties' contracts with, claims against, and investments in, the Crescent Parties, including, without limitation, sales, releases, settlements or conversions to equity, as applicable, of any of the foregoing.
Sample 1

Related to Crescent

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