Real Estate Acquisitions Sample Clauses

Real Estate Acquisitions. Within thirty (30) days after the end of any Fiscal Quarter in which the Borrower has acquired any interests in real property having an aggregate purchase price or fair market value in excess of $500,000, or when aggregated with previous calendar quarters now exceeds $500,000, the Borrower shall advise the Agent as to such additional interests in real property it has acquired, and shall execute, acknowledge and deliver such other mortgages, instruments and agreements reasonably necessary or desirable by the Agent and/or the Collateral Agent to include such new acquired real property interest as part of the Collateral. Upon the execution of mortgages, instruments and agreements as contemplated in the preceding sentence, the Borrower shall then begin to aggregate all thereafter acquired interests in real property until such time as the aggregate purchase price or fair market value of such thereafter acquired interests exceeds $500,000, at which time it will advise the Agent of such thereafter acquired interests and again execute, acknowledge and deliver such other mortgages, instruments and agreements reasonably necessary or desirable by the Agent and/or the Collateral Agent.
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Real Estate Acquisitions. No Borrower or Guarantor shall purchase any Real Estate, Lots or Units after the Closing Date, except for (a) up to $8,000,000 of Real Estate, Lots or Units (whether purchase money or otherwise) purchased by the Borrower in the normal course of business, consistent with the projections provided to the Lenders and (b) Improved Land (i.e., finished Lot takedowns and/or controlled rolling Lot options) purchased by the Borrower in the normal course of business, consistent with the projections provided to the Lenders.
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Real Estate Acquisitions. No Borrower shall, or shall permit any Subsidiary to, acquire, or enter into any contract to acquire, fee or similar title to any real property after the Closing Date without the prior written consent of Agent. Nothing herein shall be construed as prohibiting any Borrower or Subsidiary from entering into leases for real property in the ordinary course of such Borrower’s or Subsidiary’s business as presently conducted.
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Real Estate Acquisitions. Notwithstanding Section 9.1(h), the Administrator shall give the Trustee at least fourteen (14) Business Days’ prior notice of any acquisition of Real Estate. Authorized Instructions for the acquisition of Real Estate shall be accompanied by sufficient written material to describe the Real Estate, the nature of the activities carried out on such Real Estate and shall include a phase 1 environmental assessment of such Real Estate. The Authorized Instructions shall instruct the Trustee to acquire any Real Estate, other than a mortgage, only through a special purpose Administrator, or other entity which limits the liability of the Trustee to the investment by the Fund in the entity, of which the Trustee, in its capacity as Trustee of the Fund, shall be an investor and in respect of which the Trustee shall not be required to provide nominees as directors or officers. The Administrator shall be solely responsible for the establishment and ongoing maintenance of any such special purpose Administrator or other entity and for all tax and other filings with respect thereto. The Administrator shall comply with the preceding requirements of this Section 9.4 before foreclosing or otherwise taking title to property which is subject to a mortgage in favour of the Trustee, as if the property were a new investment by the Trustee.
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Real Estate Acquisitions. Contemporaneously with the purchase of the Assets, Buyer and its affiliates shall enter into leases and contracts of sale with respect to the Trachten Real Estate Properties.
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Real Estate Acquisitions. No Borrower or Guarantor shall purchase any Real Estate, Lots or Units after the Closing Date, except for Improved Land (i.e., finished Lot takedowns and/or controlled rolling Lot options) purchased by the Borrower in the normal course of business, consistent with the projections provided to the Lenders.”
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Real Estate Acquisitions. Contemporaneously with the purchase of the Assets, Buyer or its affiliates shall enter into a lease and contract of sale with respect to the Berlin Real Estate.
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Real Estate Acquisitions. The Borrower and the Borrower Subsidiaries shall be permitted to acquire additional Properties or Real Estate provided that following conditions are continuously complied with:
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Related to Real Estate Acquisitions

  • Real Estate Assets In order to create in favor of Collateral Agent, for the benefit of Secured Parties, a valid and, subject to any filing and/or recording referred to herein, perfected First Priority security interest in certain Real Estate Assets, Collateral Agent shall have received from Borrower and each applicable Guarantor:

  • Real Estate All real property at any time owned or leased (as lessee or sublessee) by the Borrower or any of its Subsidiaries.

  • Real estate transactions You must sign the certification. You may cross out item 2 of the certification.

  • Property Acquisitions System Agency funds must not be used to purchase buildings or real property. Any costs related to the initial acquisition of the buildings or real property are not allowable.

  • Real Estate Leases All leases, subleases, licenses, concessions, options, and other agreements relating to the occupancy of the Leased Real Property, including the right to all security deposits and other amounts and instruments deposited thereunder, are listed on Schedule 4.8.2 (collectively, the “Real Estate Leases”), and Seller has provided Buyer with a copy of such Real Estate Leases. Except as set forth in Schedule 4.8.2: (i) the Real Estate Leases have not been modified, amended, or assigned, are legally valid, binding and enforceable in accordance with their respective terms, and are in full force and effect; and (ii) to Seller’s knowledge, there are no material defaults (or matters that upon written notice or lapse of time would constitute material defaults) by Seller or by any other party to the Real Estate Leases.

  • Real Estate Matters The Administrative Agent shall have received a completed “Life-of-Loan” Federal Emergency Management Agency standard flood hazard determination with respect to each improved Mortgaged Property (together with a notice about special flood hazard area status and flood disaster assistance duly executed by the applicable Credit Party relating thereto) and, with respect to any Mortgaged Property on which any “building” (as defined in the Flood Insurance Laws) is located in a special flood hazard area, evidence of flood insurance as and to the extent required under Section 9.3 of the Credit Agreement;

  • Investments; Acquisitions Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, make or own any Investment in any Person, including any Joint Venture, or acquire, by purchase or otherwise, all or substantially all the business, property or fixed assets of, or Capital Stock of any Person, or any division or line of business of any Person except:

  • Land Acquisition Reimbursement for the costs associated with acquiring interest and/or rights to real property (including access rights through ingress/egress easements, leases, license agreements, or other site access agreements; and/or obtaining record title ownership of real property through purchase) must be supported by the following, as applicable: Copies of Property Appraisals, Environmental Site Assessments, Surveys and Legal Descriptions, Boundary Maps, Acreage Certification, Title Search Reports, Title Insurance, Closing Statements/Documents, Deeds, Leases, Easements, License Agreements, or other legal instrument documenting acquired property interest and/or rights. If land acquisition costs are used to meet match requirements, Xxxxxxx agrees that those funds shall not be used as match for any other Agreement supported by State or Federal funds.

  • Investments and Acquisitions The Borrower will not, nor will it permit any Subsidiary to, make or suffer to exist any Investments (including without limitation, loans and advances to, and other Investments in, Subsidiaries), or commitments therefor, or to create any Subsidiary or to become or remain a partner in any partnership or joint venture, or to make any Acquisition of any Person, except:

  • Mergers, Acquisitions, Etc Merge or consolidate with any other entity or acquire all or a material part of the assets of any person or entity, or form or create any new Subsidiary or affiliate, or commence operations under any other name, organization, or entity, including any joint venture.

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