BS/S Value definition

BS/S Value means the aggregate amount of the Unadjusted Asset Purchase Price Amounts for the Underlying Properties owned, directly or indirectly, by the Joint Venture and included in the Transaction. Seller will exercise the Exit Right established pursuant to this Section 7.2(c) (the "Buy-Sell") pursuant to a written notice to the Operating Partner in a form reasonably agreed by the Parties using a gross value attributed to the applicable Underlying Properties then owned directly or indirectly by the Joint Venture (a "Buy/Sell Sale Price") equal to such BS/S Value or such greater price designated in writing by Purchaser Parties and reasonably approved by Seller Parties. Prior to the exercise by the Seller Parties of the Buy-Sell, the Purchaser Parties shall confirm that all of the conditions to the sale by Seller Parties to the Purchaser Parties of the Underlying Property or Underlying Properties owned by the applicable Joint Venture have been satisfied to the extent that they can be satisfied as of such date, other than the delivery of documents to effect such sale at the applicable Deferred Closing.
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Examples of BS/S Value in a sentence

  • The "BS/S Value" shall mean the aggregate amount of the Unadjusted Asset Purchase Price Amounts for the Underlying Properties owned, directly or indirectly, by the Joint Venture and included in the Transaction.

  • Seller will exercise the Exit Right established pursuant to this Section 7.2(c) (the "Buy-Sell") pursuant to a written notice to the Operating Partner in a form reasonably agreed by the Parties using a gross value attributed to the applicable Underlying Properties then owned directly or indirectly by the Joint Venture (a "Buy/Sell Sale Price") equal to such BS/S Value or such greater price designated in writing by Purchaser Parties and reasonably approved by Seller Parties.

  • Seller will exercise the Exit Right established pursuant to this Section 7.2(c) (the “Buy-Sell”) pursuant to a written notice to the Operating Partner in a form reasonably agreed by the Parties using a gross value attributed to the applicable Underlying Properties then owned directly or indirectly by the Joint Venture (a “Buy/Sell Sale Price”) equal to such BS/S Value or such greater price designated in writing by Purchaser Parties and reasonably approved by Seller Parties.