Designated Sale Date definition

Designated Sale Date means the earlier of:

Designated Sale Date. Designated Sale Date" shall have the meaning assigned to it in the Purchase Agreement.

Designated Sale Date is intended to mean the earlier of the Designated Sale Date as defined in the Improvements CDPA or the Designated Sale Date as defined in the Land CDPA.

Examples of Designated Sale Date in a sentence

• For purposes of this provision, “Maximum Remarketing Obligation” is intended to have the meaning assigned to it in the Purchase Agreement and is intended to be computed as of the date any award of Lease Termination Damages to BNPPLC as if such date was the Designated Sale Date.

• Notwithstanding the foregoing, BNPLC's right to cure as provided in this Paragraph 19 will not in any event extend the time within which BNPLC must remove Liens Removable by BNPLC as required by Paragraph 20 beyond the Designated Sale Date.

• NSP cannot guarantee to maintain, or provide back-up and recovery of, any data.

• Following the Designated Sale Date, upon satisfaction in full of all Secured Obligations and upon written request for the termination hereof delivered by NAI to Agent, (i) this Agreement and the pledge and security interest created hereby shall terminate and all rights to the Collateral shall revert to NAI and (ii) Agent will, upon NAI's request and at NAI's expense execute and deliver to NAI such documents as NAI shall reasonably request to evidence such termination and release.

• Remarketing Right shall not have been terminated pursuant to subparagraph 4(D) below because of NAI's failure to make any Supplemental Payment required on the Designated Sale Date.

• Without limiting the generality of the foregoing, nothing contained herein will modify, limit or impair any of the rights and remedies of BNPPLC under the Purchase Agreement, and BNPPLC will not be required to give the thirty day notice described in subparagraph 15(C) as a condition precedent to any acceleration of the Designated Sale Date or to taking any action to enforce the Purchase Agreement.

• At any time more than thirty days after the Designated Sale Date, if the Property has not already been sold and conveyed by BNPPLC pursuant to Paragraph 2 or Paragraph 3, BNPPLC will have the right to sell the Property or offer the Property for sale to any third party on any terms believed to be appropriate by BNPPLC in its sole good faith business judgment.

• To give BNPLC the opportunity before the Designated Sale Date to prepare the deed and other documents that BNPLC must tender pursuant to Paragraph 3 (collectively, the "SALE CLOSING DOCUMENTS"), NAI must, by a notice to BNPLC given at least seven days prior to the Designated Sale Date, specify irrevocably, unequivocally and with particularity the party who will purchase the Property in order to satisfy the obligations of NAI set forth in subparagraph 1(A).

• Following the Designated Sale Date, when all Secured Obligations have been satisfied in full, any remaining Cash Collateral that has not been withdrawn and applied against the Secured Obligations shall revert to LRC as provided in subparagraph 9(F), whereupon LRC may require BNPPLC to withdraw such remaining Cash Collateral then maintained pursuant to this Agreement and promptly transfer such remaining Cash Collateral to LRC.

• BNPPLC will have no obligation to make any Construction Advance (x) after the last Advance Date, (y) on or after the Designated Sale Date, or (z) on or after the effective date of any Termination of NAI’s Work pursuant to subparagraph 7(B) or subparagraph 7(C).

More Definitions of Designated Sale Date

Designated Sale Date shall have the meaning assigned to it in the Purchase Agreement. (aj) Effective Rate. "Effective Rate" means, for each Period, the per annum rate determined by dividing (A) LIBOR for such Period, by (B) 100% minus the Eurodollar Rate Reserve Percentage for such Period; provided, however, for each day during the short first Construction Period ending on August 1, 1997, the Effective Rate will equal the per annum rate which is fifty basis points (50/100 of 1%) above the Fed Funds Rate on that day. If LIBOR or the Eurodollar Rate Reserve Percentage changes from Period to Period, then the Effective Rate shall be automatically increased or decreased, as the case may be, as of the date of the change from Period to Period. If for any reason Landlord's Parent determines that it is impossible or unreasonably difficult to determine the Effective Rate with respect to a given Period in accordance with the preceding sentences, then the "Effective Rate" for that Period shall equal any published index or per annum interest rate determined reasonably and in good faith by Landlord's Parent to be a comparable rate at the beginning of the first day of that period. A comparable interest rate might be, for example, the then existing yield on short term United States Treasury obligations (as compiled by and published in the then most recently published United States Federal Reserve Statistical Release H.15(519) or its successor publication), plus or minus a fixed adjustment based on Landlord's Parent's comparison of past eurodollar market rates to past yields on such Treasury obligations. Any determination by Landlord's Parent of the Effective Rate hereunder shall, in the absence of clear and demonstrable error, be conclusive and binding.

Designated Sale Date. 1 "Direct Payments to Participants" 2 "Fair Market Value" 2 "Purchase Price" 2 "Remarketing Notice" 2 "Required Documents" 2 "Shortage Amount" 2

Designated Sale Date shall have the meaning assigned to it in the Purchase Agreement. (ak) Effective Rate. "Effective Rate" means, for each Period, the per annum rate determined by dividing (A) LIBOR for such Period, by (B) 100% minus the Eurodollar Rate Reserve Percentage for such Period; provided, however, for the short first Construction Period ending on September 2, 1997, the Effective Rate will equal the per annum rate (which may be confirmed by a separate document executed by BNPLC and 3COM contemporaneously with this Lease) equal to the higher of rates set by each Participant as its "cost of funds" for such period. If LIBOR or the Eurodollar Rate Reserve Percentage changes from Period to Period, then the Effective Rate shall be automatically increased or decreased, as the case may be, as of the date of the change from Period to Period. If for any reason Landlord's Parent determines that it is impossible or unreasonably difficult to determine the Effective Rate with respect to a given Period in accordance with the preceding sentences, then the "Effective Rate" for that Period shall equal any published index or per annum interest rate determined reasonably and in good faith by Landlord's Parent to be a comparable rate at the beginning of the first day of that period. A comparable interest rate might be, for example, the then existing yield on short term United States Treasury obligations (as compiled by and published in the then most recently published United States Federal Reserve Statistical Release H.15(519) or its successor publication), plus or minus a fixed adjustment based on Landlord's Parent's comparison of past eurodollar market rates to past yields on such Treasury obligations. Any determination by Landlord's Parent of the Effective Rate hereunder shall, in the absence of clear and demonstrable error, be conclusive and binding.