Disposition Opportunity definition
Examples of Disposition Opportunity in a sentence
If the Operating Partnership accepts a Disposition Opportunity, but subsequently decides not to pursue such opportunity, or for any other reason fails to consummate such Disposition Opportunity, the Operating Partnership shall immediately provide written notice that it is no longer pursuing such Disposition Opportunity to the appropriate Tenant.
The offer shall be made by written notice from the appropriate Tenant to the Operating Partnership (the "Disposition Opportunity Notice").
In the case of a Participation Disposition Opportunity, the consent of all Interest Holders shall be required in order to sell such Loan Asset.
The Operating Partnership shall have thirty (30) days (the "Thirty-Day Disposition Period") from the date of its receipt of the Disposition Opportunity Notice regarding such Disposition Opportunity to notify the appropriate Tenant in writing that it has accepted or rejected the Disposition Opportunity.
If the Operating Partnership does not so respond by the end of the Thirty-Day Disposition Period, the Operating Partnership shall be deemed to have rejected the Disposition Opportunity.