Common use of Material Real Property Clause in Contracts

Material Real Property. Promptly upon, and in any event within 10 Business Days after, Parent or any other Credit Party acquires any fee interest in Real Property the fair market value of which is equal to or greater than $2,000,000, notice of such acquisition, together with the Company’s good faith determination of the fair market value thereof.

Appears in 4 contracts

Samples: Abl Credit Agreement and Waiver (J.Jill, Inc.), Abl Credit Agreement (J.Jill, Inc.), Credit Agreement (Jill Intermediate LLC)

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Material Real Property. Promptly upon, and in any event within 10 ten Business Days after, Parent Holdings or any other Credit Party acquires any fee interest in Real Property the fair market value of which is equal to or greater than $2,000,000, notice of such acquisition, together with the Company’s Holdings’ good faith determination of the fair market value thereof.

Appears in 3 contracts

Samples: Loan Credit Agreement (J.Jill, Inc.), Security Agreement (Jill Intermediate LLC), Loan Credit Agreement (J.Jill, Inc.)

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Material Real Property. Promptly upon, and in any event within 10 ten (10) Business Days after, Parent Holdings or any other Credit Party acquires any fee interest in Real Property the fair market value of which is equal to or greater than $2,000,000, notice of such acquisition, together with the Company’s Holdings’ good faith determination of the fair market value thereof.

Appears in 1 contract

Samples: Term Loan Credit Agreement (J.Jill, Inc.)

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