Acquisition of Properties. At Closing, (i) BM–Country Club shall acquire title to the Country Club Apartments property identified on Exhibit A-1 of the Contract; (ii) BM–Hampton shall acquire title to the Hampton Green Apartments property identified on Exhibit A-2 of the Contract; (iii) BM–Oak Run shall acquire title to the Oak Run Apartments property identified on Exhibit A-3 of the Contract; and (iv) BM–Springhouse shall acquire title to the Springhouse Apartments property identified on Exhibit A-4 of the Contract.
Acquisition of Properties. The Loan Parties shall not, and shall not permit any of their respective Subsidiaries to, make an Acquisition of a fee or leasehold interest in any hotel property after the Closing Date except in accordance with the provisions of subsection 2.9.
Acquisition of Properties. Borrower shall not, and shall not permit any of their respective Subsidiaries to, make an Acquisition of a fee or leasehold interest in any real property after the Closing Date.
Acquisition of Properties. The Parties agree that as soon as reasonably practicable upon each Property satisfying the Investment Criteria and subject to the Credit Facilities condition precedent in Clause 9.1.1 of the Joint Venture Agreement being satisfied, the Property, directly or indirectly through a Special Purpose Vehicle, shall be contributed to the Company in accordance with the terms and conditions of the Joint Venture Agreement Shurgard agrees that at the time of the contribution of the Property to the Company the representations set out in Clause 5.1.1 (subject to Clause 5.1.3) must be true in respect of the Property. At the acquisition of a Property by the Company, Shurgard shall be reimbursed as set forth in Clause 9. Developing the Properties As soon as reasonably practicable following the contribution of the Property to the Company Shurgard shall commence and thereafter proceed with all due expedition to complete the development of the Properties as soon as practicable Shurgard shall develop Properties for the account of the Company. The Properties will be built and developed in a good and workmanlike manner using good quality materials and (i) applying not less than the same standard of care Shurgard applies to its own properties as at the date of this Agreement and (ii) in accordance with all applicable regulations and without predjudice to the generality of the foregoing shall be of a construction quality and of materials that are of no lesser standard than the current standard of construction required by Shurgard for newly developed self-service storage centres as at today's. Shurgard shall use its best efforts to avoid cost overruns on the development of the Properties. If the aggregated cost overruns on the development exceed 4.00% of the Direct Development Costs as budgeted in the Real Estate Packages, Shurgard shall reimburse such overruns exceeding 4.00% within 10 Business Days of the final figure being computed. This test shall be effected within 4 months from the date on which all the Properties have been fully constructed or 1 month before the date of the expiration of the Term if sooner. Cost overruns as a result of Acts of God or force majeure or any event beyond the control of Shurgard which it could not reasonably have foreseen, including an archeological discovery at a construction site or a change of the permit requirements after obtaining a valid permit, shall not be included for the computation of the cost overruns. If, as a result of a change to t...
Acquisition of Properties. The Borrower shall not acquire any additional oil and gas properties that have a cost in excess of $1,000,000 without the approval of the Lender. In the event that the Borrower has entered into credit facilities similar to this Agreement, the Borrower shall obtain the approval of the holders of at least 60% of the
Acquisition of Properties. 4.2.1 The Parties agree that as soon as reasonably practicable upon each Property satisfying the Investment Criteria and subject to the Credit Facility condition precedent in Clause 9.1.1 of the Joint Venture Agreement being satisfied, the Property shall be contributed to the relevant Asset Company in accordance with the terms and conditions of the Joint Venture Agreement.
Acquisition of Properties. On March 3, 2006 the Company acquired oil and gas leases from the Bureau of Land Management representing a 100% working interest in 6 parcels totaling 10,127 acres situated in the Piute and Sanpete Counties of Utah. The Company has paid the Bureau of Land Management a total of $288,510 for the lease acquisition costs.
Acquisition of Properties. On July 28, 2006 the Company acquired oil and gas leases from the State of Utah Trust Lands Administration representing a 100% working interest in 8 parcels situated in Piute County, Utah. The company has paid the State of Utah Trust Lands Administration a total of $ 180,157 for the lease acquisition costs.
Acquisition of Properties. 69 2.10 Releases of Pool A Properties and Other Collateral.. 75
Acquisition of Properties. The Borrowers and their Subsidiaries shall acquire, or shall invest in joint ventures which shall acquire, only Class A office properties in major metropolitan central business districts and major suburban markets of the Unites States; provided, however, that the Borrowers and their Subsidiaries shall not acquire, and shall not permit any Eligible Joint Venture in which any of them has invested to acquire, any New Property which is an Unleveraged Property and which the Borrowers intends to use in their calculations for the covenants set forth in Sections 8.9 and 8.10, unless and until
