Disposition Assets definition
Examples of Disposition Assets in a sentence
As of June 30, 2008, (x) the aggregate principal amount of outstanding Encumbered Property Debt equals approximately $1,912,796,638 and (y) the aggregate principal amount of outstanding Encumbered Property Debt excluding amounts attributable to Disposition Assets equals approximately $1,841,044,035.
Immediately prior to the REIT Merger Effective Time, and subject to the sale of one or more of the Disposition Assets, if any, in accordance with Exhibit G, the Company Board shall authorize, and the Company shall declare, a dividend payable to the holders of record of Company Common Shares on the close of business on the day preceding the Closing Date (and a corresponding distribution by the Company Operating Partnership to the holders of GP Units and LP Units) in accordance with Exhibit G.
In the event that no Transfer of such Disposition Assets occurs within the *** deadline (or within the *** deadline if the *** extension is exercised), then the terms and conditions of this Section 5.3 shall be reinstated and GWI may exercise its rights pursuant to this Section 5.3 as if it is the first instance of such exercise.
Notwithstanding the foregoing, provided no Event of Default is continuing, Borrower shall not be required to deposit into the Cash Management Account the proceeds from the permitted sale of any Disposition Assets, except to the extent that Borrower is required hereunder to pay to Lender a Release Price or other amount in connection therewith.
Retain on or before April 30, 1998 and maintain and continue the retention of an investment banking firm of national and industry standing for the purpose of marketing the Borrower and the Subsidiaries or the assets of the Borrower and Subsidiaries (other than the Disposition Assets) for sale.