Property-Owning Entity definition
Examples of Property-Owning Entity in a sentence
Any reference in this Agreement to the Partnership’s interest in a Strategic Investment shall mean its direct or indirect ownership interest in the Property-Owning Entity that owns such Strategic Investment.
In such event, there shall be no right of contribution from the Property-Owning Entity or the Newco or any successor thereto.
At any time at least 10 business days prior to Optionee’s exercise of the Purchase Option, Optionee shall, in its sole and absolute discretion, provide written notice to the Grantor stating whether Optionee, upon any such exercise, intends to acquire the Property through a direct acquisition of the Property or an acquisition of all of the outstanding ownership interests in the Property-Owning Entity or the Newco.
The Grantor hereby grants to Optionee an irrevocable option to purchase the Property, through either a direct acquisition of the Property or an acquisition of all of the outstanding ownership interests in the Property-Owning Entity or the Newco, in such case as determined by the Optionee in its sole and absolute discretion, (such option is hereinafter referred to as the “Purchase Option”), on the terms and conditions hereinafter set forth.
In the event that the Transaction is consummated as an acquisition of all of the outstanding ownership interests in the Property-Owning Entity, except for such assets (other than the Property) that will be distributed to the Parent or acquired by Optionee for the fair market value thereof prior to the date of the Final Closing (at the Optionee’s sole and absolute discretion), the Property-Owning Entity will own no assets other than the Property.