JV Properties definition
Examples of JV Properties in a sentence
The total value of the JV Properties was derived based on the 50% of fair value ascribed in the Valuation Report (being THB282 million) and taking into consideration the current estimated market value of the land surrounding the JV Properties.
Following the Closing, Seller shall have the right to pursue remedies against any resident or tenant of the JV Properties with respect to pre-Closing deficiencies in payment of Rents.
Other than with respect to the deed of trust on the Point Loma property in the approximate outstanding principal amount of $14,250,000, there are no Liens on the JV Properties other than mechanics' liens and other minor encumbrances that, as to any JV Property, are not material.
The Borrowers shall deliver to the Administrative Agent such additional information regarding any Borrower, its subsidiaries, its business, any Borrower Party, the JV Entities, the JV Properties and the Projects within thirty (30) days after the Administrative Agent's request therefor.
Based on the latest available valuation report commissioned by APEX in September 2018 on, amongst others, the JV Properties, the fair value of the JV Properties as at 30 August 2018 was THB564.96 million, based on the market value basis (“Valuation Report”).
For the avoidance of doubt, the 2nd instalment of the Purchase Price (as defined herein) shall be paid after the release of such encumbrance on the JV Properties.
The Parent shall not permit the number of Eligible Properties (excluding all JV Properties) to be less than 10 at any time.
Purchaser shall pay any state or local sales, transfer or like Taxes payable in connection with the transactions contemplated hereby (other than such Taxes related to the transfer of the Transferred Real Property or the interests of the JV Affiliates in the JV Properties to the Company or its Subsidiaries and the transfer of the Excluded Real Properties to Sellers or their designees).
Agent and Lenders acknowledge that the Second Proposed JV Properties may first be transferred to the Second JV Subsidiary by Borrower or may be transferred by Borrower directly to the Second Joint Venture and that some or all of such properties may constitute Negative Pledge Properties.
Agent and Lenders acknowledge that the Proposed JV Properties may first be transferred to the JV Subsidiary by Borrower or may be transferred by Borrower directly to the Joint Venture and that some or all of such properties may constitute Negative Pledge Properties.