Tranche 2 Properties definition

Tranche 2 Properties means Nazareth Classic Care Napa in Napa, California, Nazareth Agua Caliente Retirement Community in Sonoma, California and Nazareth Rose Garden of Napa in Napa, California; (iii) “Tranche 1 Property PSAs” shall mean Other Property Purchase Agreements with respect to the Tranche 1 Properties; (iv) “Tranche 2 Property PSAs” shall mean Other Property Purchase Agreements with respect to the Tranche 2 Properties; (v) “Tranche 1 Closing Date” shall mean June 28, 2017; and (vi) “Tranche 2 Closing Date” shall mean the Closing Date for the Tranche 2 Properties shall mean December 29, 2017, or such earlier date designated by Xxxxxxx Assignee (or if Xxxxxxx Assignee has elected not to proceed with the closing of the Tranche 2 Properties as permitted herein, by Subtenant Assignee) by written notice delivered to Seller, which earlier date shall be no less than ten (10) business days following the date on which such notice is received.
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Tranche 2 Properties means Nazareth Classic Care
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Examples of Tranche 2 Properties in a sentence

  • Upon such assignment from Xxxxxxx Assignee to Subtenant Assignee, Subtenant Assignee shall have no obligation to reimburse Xxxxxxx Assignee for any of its diligence costs or expenses, including legal fees, incurred in connection with Xxxxxxx Assignee’s pursuit of the Tranche 2 Properties).

  • Section 9.1.17 of the Agreement is hereby amended to state that the obligation of Buyer to purchase the Property pursuant to the Agreement shall, at the option of Buyer, be subject to the fulfillment of the condition that Buyer and the Other Sellers under only the Tranche 2 PSAs concurrently close on the purchase and sale of each of the Tranche 2 Properties pursuant to the terms and conditions of the Tranche 2 Property PSAs.

  • Buyer shall pay to Sellers, by depositing with Escrowholder, in cash or other immediately payable funds, the Tranche 2 Purchase Price at the Tranche 2 Closing, less the Tranche 2 Xxxxxxx Money (plus the accrued interest thereon) held by Escrowholder, plus costs to be paid by Buyer for such Tranche 2 Properties pursuant to Section 7.4 hereof, and plus or minus prorations and adjustments shown on the Closing Statements executed by Buyer and Sellers for such Tranche 2 Properties.

  • The sale, including profits realised, has reduced the consideration payable for the Tranche 2 Properties by £32.0 million to £201.7 million (£210.2 million including costs) and, in addition, has resulted in a net profit to the Group of £3 million.The Company is actively reviewing its existing portfolio to identify assets which do not meet its strategic and financial criteria.

  • Accordingly, in connection with the potential Placing, Redefine Properties has irrevocably agreed to subscribe for such number of Placing Shares at the Placing Price as equals an aggregate subscription amount of up to £70.0 million.The Company would seek to raise a minimum aggregate additional amount of £30.0 million from other Placees in order to raise a minimum of £100.0 million (gross) through the Placing which would allow the Company to complete the acquisition of the Tranche 2 Properties.

  • The property was to be purchased as part of the acquisition of the Tranche 2 Properties for £29 million but will not now form part of the portfolio following this sale.

  • Contributor shall terminate, at Contributor's sole cost and expense, in writing all existing property management contracts (a) for the Tranche 1 Properties, on or prior to the Tranche 1 Closing, (b) for the Tranche 2 Properties, on or prior to xxx Xxxxxxx 0 Xxxxxxx, and (c) for the Tranche 3 Properties, on or prior to the Tranche 3 Closing.

  • A pro forma statement of the net assets of the Group and illustrations of the effect of the potential Placing and the completion of the acquisition of the Tranche 2 Properties on the Group as at 31 August 2015 is set out in Part 12 (Unaudited Pro Forma Financial Information of the Group) of this document.

  • The factory has not provided lifting belts to loading workers (in the finishing warehouse, material warehouse, cutting section, and laboratory).

  • The asset was part of the Tranche 2 Properties and subject to a 50 per cent.

Related to Tranche 2 Properties

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Tranche 2 has the meaning set forth in Section 2.2(a)(ii).

  • Initial Properties means collectively the Properties listed on Schedule 1.1 and “Initial Property” means any of such Properties.

  • Borrowing Base Properties means the Oil and Gas Properties of the Loan Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 8.12.

  • Permitted Existing Investments means the Investments of the Borrower and its Subsidiaries identified as such on Schedule 1.1.2 to this Agreement.

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • Tranche 1 January 1, 2015 through December 31, 2015, which is allotted 25% of the Target Award,

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Common Properties means and refer to those areas of land shown on any recorded subdivision plat of The Properties and intended to be devoted to the common use and enjoyment of the owners of The Properties.

  • Unencumbered Properties means each Acceptable Property that either (a) is an Initial Unencumbered Property or (b) becomes an Unencumbered Property pursuant to Section 4.03, and “Unencumbered Property” means any one of the Unencumbered Properties.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Mortgaged Real Property means any parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Incremental Facilities has the meaning assigned to such term in Section 2.22(a).

  • Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

  • Closing Date Mortgaged Property as defined in Section 3.1(h).

  • Incremental Auction Revenue Rights means the additional Auction Revenue Rights, not previously feasible, created by the addition of Incremental Rights-Eligible Required Transmission Enhancements, Merchant Transmission Facilities, or of one or more Customer- Funded Upgrades.

  • Second Tranche means the amount of the Financing allocated to the category entitled “Second Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Other Properties shall have the meaning set forth in Section 9.1.

  • Leased Properties have the meaning set forth in Section 3.16 herein.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Borrowing Base Property means any one of the Borrowing Base Properties.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.