BCR Entities definition
Examples of BCR Entities in a sentence
The BCR Entities and the FCE Entities, as the case may be, will promptly remit to the applicable Property Owner any such proceeds received by them.
Each of the BCR Entities is duly qualified to do business in all jurisdictions where such qualification is necessary to carry on its business as now conducted, except where failure to do so would not result in a BCR Material Adverse Effect.
BCR, the management team of FCRC and the relevant Property Owner (as applicable) will continue to dedicate a reasonable amount of time operating any Operating Property or property jointly owned by affiliates of the BCR Entities and FCEI that is excluded from the transactions contemplated by this Agreement.
The Operating Agreement for Master III duly executed by the BCR Entities and BCR Individuals (or by the BCR Representative on behalf of the BCR Entities and BCR Individuals) contributing BCR Contributed Interests to Master III at such Development Property Closing.
Upon payment of the same, none of Forest City, the BCR Entities or the BCR Individuals will have any further obligations under this Agreement.
The Deferred Closing will be held at a date to be mutually agreed between the BCR Entities and Forest City, but not later than thirty (30) days after the date on which all conditions precedent to the transfer of the BCR Sold Interests with respect to FCR Sports, LLC have been satisfied (the “Deferred Closing Date”).
Prior to the Principal Closing, Forest City, the BCR Entities and the BCR Individuals will perform, or will cause to be performed, the Preliminary Transactions.
Upon payment of the liquidated damages, none of Forest City, Master III, the Master III Entities, the BCR Entities or the BCR Individuals will have any further obligations under this Agreement.
In the case of the Deferred Closing, an Interest Transfer Agreement providing for the transfer of the BCR Sold Interests transferred at such Deferred Closing, and all certificates, agreements and other documents required to be delivered thereunder, each duly executed by the appropriate transferee and the appropriate BCR Entity or BCR Individual (or by the BCR Representative on behalf of the BCR Entities and BCR Individuals).
To the knowledge of the BCR Entities, the information set forth in the representation letter which is attached hereto as Schedule 7.2(o), was accurate in all material respects as of the date thereof.