Acquisition Memorandum definition
Examples of Acquisition Memorandum in a sentence
After the Partnership has committed its funds on a nonrefundable basis in accordance with the prior sentence, if the terms of the acquisition change in any material respect from the terms described in the Acquisition Memorandum, such change shall require the consent of a majority of the members of the Executive Committee.
LMLP GP or Asset Manager shall submit the Acquisition Memorandum described in Section 3.6(b) hereof with respect to the Proposed Qualified Asset or a Non-Parameter Asset that LMLP GP recommends for acquisition by the Partnership to the Executive Committee.
The Executive Committee shall have seven (7) Business Days after its receipt of the Acquisition Memorandum to approve or disapprove of the acquisition of a Proposed Qualified Asset or Non-Parameter Asset in accordance with Section 3.4 hereof.
The Fund shall have the right to withdraw its approval of any Approved Property at any time if the terms of the 24 30 acquisition change in any material respect from the terms described in the Acquisition Memorandum.
The Fund shall have the right to withdraw its approval of any Approved Tranche II Property at any time if the terms of the acquisition change in any material respect from the terms described in the Acquisition Memorandum.
After the Partnership has committed its funds on a nonrefundable basis in accordance with the prior sentence, if the terms of the acquisition change in any material respect from the terms described in the Acquisition Memorandum, such change shall require the consent of the Fund GP.
The Acquisition Memorandum shall include a credit analysis of any tenant net-leasing such property, including the credit rating of any such tenant by Standard & Poor's, ▇▇▇▇▇'▇ Investors Services, Inc., Duff & ▇▇▇▇▇▇ Credit Rating Co. or Fitch IBCA, or, if a credit rating of any such tenant is not available from the foregoing credit-rating companies, a credit analysis thereof by KDP or any other credit rating entity agreed to by the General Partners.
Upon completion of all due diligence undertaken as specified above with respect to an Approved Property and as a condition to completing the acquisition of the Approved Property or making of any LSL Loan, the Manager or Asset Manager shall deliver to LXP and the Advisor a memorandum summarizing the material findings of the completed due diligence and any changes in the status of such Approved Property since the date of the Acquisition Memorandum described in Section 3.6(b) above.
After the Company has committed its funds on a nonrefundable basis in accordance with the prior sentence, if the terms of the acquisition change in any material respect from the terms described in the Acquisition Memorandum, such change shall require the consent of the Fund.
The Acquisition Memorandum shall include a credit analysis of any tenant net-leasing such property, including the credit rating of any such tenant by Standard & Poor's, Moody's Investors Services, Inc., Duff & Phelps Credit Rating Co. ▇▇ Fitch IBCA, or, if a credit rating ▇▇ ▇▇y such tenant is not available from the foregoing credit-rating companies, a credit analysis thereof by KDP or any other credit rating entity agreed to by the Members.