Propcos definition
Examples of Propcos in a sentence
Further, the Strategic Partner undertakes to procure that each of the Propcos and their respective interests in real estate properties as at the date of this Agreement will be held, directly or indirectly, by the Subscriber Intermediate Subsidiary at Completion.
If requested by any Governmental Entity, Purchaser shall allow, or cause the Holdco Propcos, the Holdco Opcos, the Holdco II Propcos, the Holdco II Opcos and Manager to allow, representatives of the Governmental Entity to inspect the Facilities in connection with the application for any Licenses.
If Student is a first-year housing resident, Student understands that the first-year housing resident meal plan is mandatory.
Between the signature date and the fulfilment date there will be no material adverse change in the financial position of the Company or Propco from that prevailing on the signature date and such change as there may be will have arisen in the ordinary, normal and regular course of the Company's or Propco's business, as the case may be.
Manager shall use due care with respect to the management, maintenance, and protection of, and accounting for, Opco's and Propco's assets.
Notwithstanding the foregoing, in respect of a prospective purchaser of a Limited Partner Interest held by Scape Holdco such cooperation shall not extend to access to any information in respect of iQ Propcos or iQ Assets and, in respect of a prospective purchaser of a Limited Partner Interest held by iQ Midco such cooperation shall not extend to access to any information in respect of Scape Propcos or Scape Assets.
If a Mortgage Loan Financing or SPE Qualified Property Sale is consummated, then Parent shall cause the SPE Propcos to remit the Net Cash Proceeds therefrom to Parent, the proceeds of which shall be contemporaneously used by Parent to make a capital contribution to Borrowers or to repay valid intercompany indebtedness owed by Parent to Borrowers (or if no indebtedness is then owed by Parent to Borrowers, then to make a subordinated loan to Borrowers).
Notwithstanding anything to the contrary in this Clause 7.2, Scape Living shall not be entitled to receive the information listed in paragraphs (a), (b), (d) or (e) of this Clause 7.2 in respect of iQ Midco Propcos or iQ Midco Assets, and iQ Midco shall not be entitled to receive the information listed in paragraphs (a), (b), (d) or (e) of this Clause 7.2 in respect of Scape Propcos or Scape Assets.
In addition, Purchaser shall cause Holdco, Holdco II, ▇▇▇▇ Opco, ▇▇▇▇ Opco II, Holdco Propcos, Holdco II Propcos, Holdco Opcos, Holdco II Opcos, Holdco Carecos and Holdco II Carecos to deliver such documents, instrument and agreements as Purchaser shall reasonably deem necessary or desirable to consummate the Alternative Transaction including, without limitation, those identified on Exhibit Q attached hereto.
Subject to the terms of this Agreement, on the Closing Date, the applicable Contribution Assets, other than the POPLP Retained Obligations, shall be conveyed to and assumed by the Company, Holdco and the applicable Propcos pursuant the applicable Transfer Documents.