Acquisition of Additional Property Sample Clauses

Acquisition of Additional Property. Forthwith upon completing an acquisition of Mineral Rights or Surface Rights located wholly or in part within the Area of Interest, the Acquiring Party will give notice thereof to the other Party, setting out the location of the Mineral Rights or Surface Rights and all information known to the Acquiring Party and its Affiliates about such Mineral Rights or Surface Rights, the costs of acquisition and all other pertinent details relating thereto. Upon receipt of such notice, the notified Party will have a period of 15 days to elect, by notice to the Acquiring Party, to include such Mineral Rights or Surface Rights in the Properties and make them subject to the terms of this Agreement. Upon such election such Mineral Rights or Surface Rights will constitute Additional Property for inclusion in the Properties thereafter for all purposes of this Agreement. If the Acquiring Party is the Optionor, then the Optionee will reimburse it for the acquisition costs that it or its Affiliate has incurred. When paid by the Optionee in the first instance or reimbursed by the Optionee, the acquisition costs for any Additional Property will be deemed to constitute Expenditures hereunder.
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Acquisition of Additional Property. The Parties agree that any Additional Property acquired by either Party shall be subject to the terms of this Agreement.
Sample 1
Acquisition of Additional Property. In the event that at any time during the Term the Borrower holds the fee title to or a leasehold interest in any real property and/or personal property which is used in any way in connection with the Facility (but is not subject to the liens created by the Mortgage), the Borrower shall (a) provide the Lender with prior notice of such acquisition and (b) shall take such actions and enter into such agreements (substantially similar to the Loan Documents) as the Lender shall reasonably request in order to grant the Lender a first priority mortgage or other security interest in such real property and personal property, subject only to the Permitted Encumbrances. Without limiting the foregoing, it is acknowledged and agreed that all revenues generated from the operation of such additional real property shall be included in the determination of Gross Revenues (subject to such adjustments as agreed upon in Section 3.8.04).
Sample 1
Acquisition of Additional Property. In the event that at any time during the Term the Borrower holds the fee title to or a leasehold interest in any real property and/or personal property which is used in any way in connection with any Facility (but is not subject to the liens created by the Mortgage), the Borrower shall (A) provide the Lender with prior notice of such acquisition and (B) shall take such actions and enter into such agreements (substantially similar to the Loan Documents) as the Lender shall reasonably request in order to grant the Lender a first priority mortgage or other security interest in such real property and personal property, subject only to the Permitted Encumbrances.
Sample 1
Acquisition of Additional Property. The Authority does not have the power of condemnation. In the event the Authority deems it necessary or advisable, for the safe, efficient and financially prudent operation of the Airport, or to satisfy off-site mitigation conditions of any permit, license, permission or approval related to the operation of the Airport to acquire additional property in the vicinity of the Airport, and the Authority has not been able to acquire property that is satisfactory for such purposes through a negotiated purchase, the City may, in the exercise of the City’s sole and absolute discretion (and subject to any required legal processes) exercise its right and power to take such property by eminent domain so long as such acquisition by condemnation is consistent with the Airport Master Plan, and the Authority shall pay to the City any and all costs of so acquiring such property, at least five (5) days prior to the date on which the City is required to pay such amount to the owner of such property. Any property so acquired shall be taken in the name of the City but shall be deemed to be a part of the Leased Premises immediately upon such acquisition. The parties shall promptly execute and record or file all instruments necessary or appropriate to amend this Agreement, so as to include the newly acquired property as a part of the Leased Premises. It is agreed and understood that failure to exercise such power of eminent domain shall be deemed to be reasonable and not a default by the City if the City shall receive an independent legal opinion that it has no legal authority to exercise its power of eminent domain in the given circumstances, or if any court or tribunal having jurisdiction shall make any such ruling.
Sample 1
Acquisition of Additional Property. Forthwith upon completing an acquisition of any Rights located wholly or in part within the Area of Interest, the Acquiring Party will give notice thereof to the other Party within 30 days, setting out the location of the Rights and all information known to the Acquiring Party and its Affiliates about such Rights and any interests therein, the costs of acquisition and all other pertinent details relating thereto. Upon receipt of such Notice, the notified Party will have a period of 30 days to elect, by notice to the Acquiring Party, to include such Rights in the Property and make them subject to the terms of this Agreement. Upon such election, and except with respect to the Expenditures set out in Section 2.2(a), such Rights will constitute Additional Property for inclusion in the Property thereafter for all purposes of this Agreement and the following provisions will apply:
Sample 1
Acquisition of Additional Property. Forthwith upon completing an acquisition of Mineral Rights (or interest therein) located wholly or in part within the Area of Interest, the Acquiring Party will give notice thereof to the other Party within 30 days, setting out the location of the Mineral Rights and all information known to the Acquiring Party and its Affiliates about such Mineral Rights and any interests therein, the costs of acquisition and all other pertinent details relating thereto. Upon receipt of such Notice, the notified Party will have a period of 30 days to elect, by notice to the Acquiring Party, to include such Mineral Rights (or interest therein) in the Property and make them subject to the terms of this Agreement. Upon such election, such Mineral Rights (or interest therein) will constitute additional property (the “Additional Property”) for inclusion in the Property thereafter for all purposes of this Agreement and the following provisions will apply:
Sample 1
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Related to Acquisition of Additional Property

  • Fundamental Changes; Disposition of Assets; Acquisitions No Credit Party shall, nor shall it permit any of its Subsidiaries to, enter into any transaction of merger or consolidation, or liquidate, wind-up or dissolve itself (or suffer any liquidation or dissolution), or convey, sell, lease or sub-lease (as lessor or sublessor), exchange, transfer or otherwise dispose of, in one transaction or a series of transactions, all or any part of its business, assets or property of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible, whether now owned or hereafter acquired, or acquire by purchase or otherwise (other than purchases or other acquisitions of inventory, materials and equipment and Capital Expenditures in the ordinary course of business) the business, property or fixed assets of, or stock or other evidence of beneficial ownership of, any Person or any division or line of business or other business unit of any Person, except:

  • Issuances of Additional Partnership Interests (a) The Partnership may issue additional Partnership Interests (other than General Partner Interests) and Derivative Partnership Interests for any Partnership purpose at any time and from time to time to such Persons for such consideration and on such terms and conditions as the General Partner shall determine, all without the approval of any Limited Partners.

  • Valuation of additional security For the purposes of this clause 8.2, the market value (i) of any additional security over a ship (other than the Vessels) shall be determined in accordance with clause 8.2.2 and (ii) of any other additional security provided or to be provided to the Banks or any of them shall be determined by the Agent in its absolute discretion.

  • Issuance of Additional Partnership Interests The General Partner, in its sole and absolute discretion, may raise all or any portion of the Additional Funds by accepting additional Capital Contributions of cash. The General Partner may also accept additional Capital Contributions of real property or any other non-cash assets. In connection with any such additional Capital Contributions (of cash or property), the General Partner is hereby authorized to cause the Partnership from time to time to issue to Partners (including the General Partner) or other Persons (including, without limitation, in connection with the contribution of tangible or intangible property, services, or other consideration permitted by the Act to the Partnership) additional Partnership Units or other Partnership Interests, which may be Common Units or other Partnership Units issued in one or more classes, or one or more series of any of such classes, with such designations, preferences and relative, participating, optional, conversion, exchange or other special rights, powers, and duties, including rights, powers, and duties senior to then existing Limited Partner Interests, all as shall be determined by the General Partner in its sole and absolute discretion subject to Maryland law, including without limitation, (i) the allocations of items of Partnership income, gain, loss, deduction, and credit to such class or series of Partnership Interests; (ii) the right of each such class or series of Partnership Interests to share in Partnership distributions; (iii) the rights of each such class or series of Partnership Interests upon dissolution and liquidation of the Partnership; and (iv) the right to vote, including, without limitation, the Limited Partner approval rights set forth in Section 11.2.A; provided, that no such additional Partnership Units or other Partnership Interests shall be issued to the General Partner unless either (a) (1) the additional Partnership Interests are issued in connection with the grant, award, or issuance of shares of the General Partner pursuant to Section 4.3.C below, which shares have designations, preferences, and other rights (except voting rights) such that the economic interests attributable to such shares are substantially similar to the designations, preferences and other rights of the additional Partnership Interests issued to the General Partner in accordance with this Section 4.3.B, and (2) the General Partner shall make a Capital Contribution to the Partnership in an amount equal to any net proceeds raised in connection with such issuance, or (b) the additional Partnership Interests are issued to all Partners holding Partnership Interests in the same class in proportion to their respective Percentage Interests in such class or (c) the additional Partnership Interests are issued pursuant to a Stock Plan. The General Partner’s determination that consideration is adequate shall be conclusive insofar as the adequacy of consideration relates to whether the Partnership Interests are validly issued and paid. In the event that the Partnership issues additional Partnership Interests pursuant to this Section 4.3.B, the General Partner shall make such revisions to this Agreement (including but not limited to the revisions described in Section 5.4, Section 6.2.B, and Section 8.6) as it determines are necessary to reflect the issuance of such additional Partnership Interests.

  • Designation of Additional Accounts The Seller hereby delivers herewith a computer file or microfiche or written list containing a true and complete list of all such Additional Accounts specifying for each such Account, as of the Additional Cut-Off Date, its account number, the aggregate amount of Receivables outstanding in such Account and the aggregate amount of Principal Receivables in such Account. Such file or list shall, as of the date of this Assignment, supplement Schedule 1 to the Agreement.

  • Fundamental Changes; Disposition of Assets The Borrower shall not, nor shall it permit any of its Restricted Subsidiaries to, enter into any transaction of merger, consolidation or amalgamation, consummate a Division as the Dividing Person, or liquidate, wind up or dissolve themselves (or suffer any liquidation or dissolution), or otherwise make any Disposition of any assets, except:

  • SALE/PURCHASE OF ADDITIONAL LOANS AND SUBSTITUTION OF SUBSTITUTED LOANS (A) Requirements Relating to Additional Loans From time to time during the Supplemental Purchase Period, SLM ECFC may, but shall not be obligated to, sell Eligible Loans to Funding, and Funding may (but only to the extent that the Eligible Loans are contemporaneously sold to the Eligible Lender Trustee on behalf of the Trust in accordance with the Sale Agreement and the related Additional Sale Agreement) purchase such Additional Loans from SLM ECFC at the related Additional Loans Purchase Price set forth in the related Additional Purchase Agreement. In addition, at any time, SLM ECFC may transfer Substituted Loans to Funding in satisfaction of any Loan repurchase obligations hereunder. The sale and purchase (or substitution) of Additional Loans (or Substituted Loans) pursuant to an Additional Purchase Agreement shall be consummated as set forth in this Section 3.2.

  • No Disposition of Collateral Secured Party does not authorize, and Debtor agrees not to:

  • Disposition of Collateral Such Grantor will not sell, lease or otherwise dispose of the Collateral owned by it except for dispositions specifically permitted pursuant to Section 6.05 of the Credit Agreement.

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