Disposed Property definition
Examples of Disposed Property in a sentence
For each full calendar month following any such Qualified Disposition, the Management Fee shall be reduced by the Applicable Disposition Discount with respect to such Disposed Property.
The Consideration was determined on the basis that the Disposed Property shall have been disposed of by Luxland.
In the event that any Property shall become subject to a Casualty or Condemnation, until such time as such Property is Restored in accordance with this Article VIII, (i) such Property shall be deemed to be a Disposed Property for purposes of determining the Total Available Commitments and (ii) the projected Net Operating Income from such Property shall not be included in the calculation of the Debt Yield Maintenance Ratio.
Subject to satisfaction in full of the conditions set forth in Section 4 hereof, the Collateral Agent shall deliver to Monaco a fully executed release, in the form attached hereto as Exhibit C, releasing the Lien securing the Obligations granted to the Collateral Agent on the Disposed Property.
The Administrative Agent has executed and delivered the Partial Release attached as Exhibit A hereto and has taken certain action requested by the Borrower (at the Borrower’s sole expense) to evidence the release of such Disposed Property from the Secured Parties’ Liens, including, filing or causing to be filed the UCC-3 amendment statement attached as Exhibit B hereto.
Minority interests included in cash flow in accordance with the first two sentences of this paragraph shall be treated in a manner consistent with the immediately preceding sentence with respect to any Disposed Property.
Letability will arrange for the Landlord to enter into a new Management Agreement in respect of the new property within the three month period immediately following the disposal of the Disposed Property.
Completion shall take place on the Completion Date, being the 7th Business Day after Luxland had transferred the Disposed Property to the Designated Company and the Designated Company and Luxland have obtained the individual 房屋所有權證(Building Ownership Certificate) and 國有土地使用證 (State-owned Land Use Rights Certificate) in respect of the Disposed Property and the Retained Property respectively, or such other date as may be agreed in writing between the parties to the Agreement.
Provided, however, if the Company or any of its subsidiaries has sold, discontinued or otherwise disposed of any of its subsidiaries, divisions or businesses (a "Disposed Property" or "Disposed Properties") during any period for which EBIDTA is to be computed, or during the Term, EBIDTA shall be computed as if each of such Disposed Properties had not been owned by the Company or a subsidiary during any part of the Term or during the fiscal year ended December 31, 1996.