Rejectable Offer definition

Rejectable Offer has the meaning set forth in Section 21.B.

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Rejectable Offer. Defined in clause 3(f) of the definition of Eligible Asset.

Rejectable Offer means an offer by Tenant to purchase the Mortgaged Property in accordance with the applicable provisions of Articles 9 or 12 of the Lease.

Examples of Rejectable Offer in a sentence

• In the event of the termination of this Lease as provided in Section 15.3, Lessee shall offer to acquire the Leased Property from Lessor for a purchase price equal to the Rejectable Offer Price of the Leased Property without regard to such taking and, if accepted, Lessee shall receive the entire Award.

• If the Lease Termination Date occurs during the Primary Term, such notice must be accompanied by either a Rejectable Offer or a Rejectable Substitution Offer, as described in Section 3.3, in which event the provisions of such Section shall be controlling.

• During such time as an Indenture encumbers a particular Project, no rejection of a Rejectable Offer with respect to that Project shall be effective unless countersigned by the Lender.

• In the event of the termination of this Lease as provided in Section 15.3, Lessee may offer to acquire the Leased Property from Lessor for a purchase price equal to the Rejectable Offer Price of the Leased Property without regard to such Taking and, if accepted, Lessee shall receive the entire Award.

• In any event, the entire amount of the Rejectable Offer Price (as defined in such Lease) for any such acquisition shall be paid to Agent for application to the Obligations in accordance with the provisions of Section 2.19(c) of the Credit Agreement.

• If Tenant acquires the affected Property or Properties in accordance with the provisions of Article 14 of the related Leases (which acquisition shall be subject to the provision of the foregoing clause (iii)), Agent shall disburse the Net Proceeds to Tenant (or, at Tenant's option, cause the same to be applied to the Obligations and credit the amount of such Net Proceeds against the Rejectable Offer Price payable to Agent pursuant to clause (iii) above).

• Notwithstanding the foregoing, if Landlord does not approve of a matter relating to a Rejectable Substitution Offer made pursuant to Section 3.3(c), a Rejectable Offer shall be made with respect to the applicable Project solely at Tenant's election as provided in Section 3.3(c).

• If Borrower fails to accept or reject Tenant's Rejectable Offer of the Article 9 Purchase Price within the period provided under paragraph 9(h) of the Lease, Borrower will be deemed to have accepted such Rejectable Offer.

• If Borrower fails to deliver cash or a Letter of Credit equal to the Prepayment Consideration within such seventy (70) day period, then Lender may exercise on Borrower's behalf the right to reject such Rejectable Offer which notice of rejection by Lender shall be fully binding on Borrower as if Borrower had joined in such rejection.

• The Lease Termination Date in such event shall be the first Payment Date occurring not less than thirty (30) days after acceptance or rejection of such deemed Rejectable Offer.

More Definitions of Rejectable Offer

Rejectable Offer means an offer by Tenant to purchase the Mortgaged Property in accordance with the applicable provisions of Article 12 of the Lease.

Rejectable Offer means the rejectable offer of any tenant pursuant to a Lease respecting any Individual Property to purchase the respective Individual Property at a predetermined price, as and when may be specifically provided in any such Lease respecting any Individual Property.

Rejectable Offer means the rejectable offer of any tenant pursuant to a Lease respecting any Individual Property to purchase the respective Individual Property at a predetermined price, as and when may be specifically provided in any such Lease respecting any Individual Property. Rejection Test as defined in Section 7.1.24(vi). Related Documents shall mean, singly and collectively, the Formation Documents, the Call Option Agreement, each Ownership Interest Agreement, the Amended and Restated Asset Management Agreement, the Contract to Provide Asset Management Services, the Securitization Documents, the Integrated Documents, the Payment Direction Letters, the documents establishing and evidencing any Mortgage Debt, the Reimbursement Agreement, and the documents establishing and evidencing each ▇▇▇▇▇▇▇ Loan. Related Fund shall mean, with respect to a Lender which is a fund that invests in loans, any other such fund managed by the same investment advisor as such Lender or by an Affiliate of such Lender or such advisor. Remainder Ground Lease Options as defined in Section 3.1.25(i). Remainder Ground Lease Option Schedule as defined in Section 6.1.18(vii). REMIC shall mean the real state mortgage investment conduit established pursuant to the Pooling Agreement.

Rejectable Offer shall have the meaning given to such term in Section 14(c) of Part II.

Rejectable Offer shall have the meaning specified in Section 5.2(i) of the -------------- Facility Lease.

Rejectable Offer has the meaning set forth in Section 20.D(ii)(3).