Acquisition of Real Estate. The Borrower shall promptly provide the Administrative Agent and the Lenders with any press releases relating to the acquisition of any Real Estate by the Borrower, any Guarantor, any of their respective Subsidiaries or any Partially-Owned Entity. In addition, to the extent not otherwise provided to the Administrative Agent in its press release and Form 10-Q filings with the SEC, the Borrower shall provide to the Administrative Agent on a quarterly basis together with the financial statements referred to in Section 7.4(b) the following information with respect to all Real Estate acquired during the prior quarter: its address, a brief description, a brief summary of the key business terms of such acquisition (including sources and uses of funds for such acquisition), a brief summary of the principal terms of any financing for such Real Estate, and a statement as to whether such Real Estate qualifies as an Unencumbered Property.
Acquisition of Real Estate. At Closing, Purchaser shall purchase from Seller and Seller shall sell to Purchaser the Real Estate Property. The terms upon which such purchase and sale shall occur are set forth in Exhibit A hereto.
Acquisition of Real Estate. The Borrower shall promptly provide the Administrative Agent and the Lenders with any press releases relating to the acquisition of any Real Estate by the Borrower, any Guarantor, any of their respective Subsidiaries or any Partially-Owned Entity for consideration in excess of $50,000,000, together with a statement as to whether such Real Estate qualifies as an Unencumbered Property.
Acquisition of Real Estate. As of the Effective Time, FCBI shall have entered into a legally binding agreement to acquire from Cxxxxxxx Family Holdings, LLC for cash consideration of $2,375,000, good and unencumbered titled to that parcel of real estate located at 700 Xxxxxxxxx Xxxxx Road, High Point, North Carolina, pursuant to the form of agreement set forth in Annex E hereto.
Acquisition of Real Estate. If the Borrowers acquire Real Estate within the vicinity of the Woodlands Project after the Closing Date with any proceeds from the Loans, then within thirty (30) days after the completion of such acquisition, Borrowers shall cause such Real Estate to be included as (a) a Borrowing Base Asset in compliance with §7.19 and the terms of this Agreement and (b) part of the Woodlands Project, which shall include, but not be limited to, amending the Master Plan as a result of the annexation of the Real Property into the Woodlands Project and subjecting such Real Estate to declarations applicable to the Woodlands Project.
Acquisition of Real Estate. As of the Effective Time, the Bank shall have acquired from Zxxx X. Xxxxxxxx for cash consideration of $200,000 and terms otherwise acceptable to it in its sole discretion, good and unencumbered title to that certain parcel of real estate identified in Schedule 6.03(d) of IPC’s Disclosure Schedule.
Acquisition of Real Estate. The Lessee understands that, as of the date of the Lease, the Lessor is not the owner of the Real Estate described on Exhibit A which is to constitute part of the Premises leased to the Lessee under the Lease. Notwithstanding any provision hereof to the contrary, the Lease shall terminate and be of no further force or effect in the event that the Lessor has not acquired fee simple title to the Real Estate by December 31, 1996.
Acquisition of Real Estate. The Borrower will not acquire any interests in real estate other than the Property without giving the Bank at least fifteen (15) days prior notice of the Borrower's intent to acquire such interests.
Acquisition of Real Estate. The Borrower Representative shall promptly provide the Agent and the Lenders with any press releases relating to the acquisition of any Real Estate by any Borrower, any Guarantor, any of their respective Subsidiaries or any Partially-Owned Entity. In addition, to the extent not otherwise provided to the Agent in its press release and Form 10-Q filings with the SEC, the Borrower Representative shall provide to the Agent on a quarterly basis together with the financial statements referred to in ss.7.4(b) the following information with respect to all Real Estate acquired during the prior quarter: its address, a brief description, a brief summary of the key business terms of such acquisition (including sources and uses of funds for such acquisition), a brief summary of the principal terms of any financing for such Real Estate, and a statement as to whether such Real Estate qualifies as an Unencumbered Property.
Acquisition of Real Estate. On or before the 180th day following the Next Underwritten Public Offering, the Lead Investor may deliver a written request to the Company requesting the Company to acquire the land use rights and property rights at Xx. 0 Xxxxxxx Xx, Xxxxxxxx Economic and Technology Development Zone (the “Real Estate”) from Hangzhou Xin Shengda Investment Co., Ltd. (“Xin Shengda”), an entity controlled by Mr. Nengbin Fang, the Company’s Chairman. Upon receipt of such written request, in exchange for such land use and property rights, the Company shall issue to Xin Shengda within six months following the Next Underwritten Public Offering, the lesser of (a) 3,750,000 shares of the Company’s Common Stock, and (b) an number of shares that are equal to the value of the Real Estate evaluated by a third party appraiser approved by the Leader Investor and the Company within two months of the transfer divided by the per share price of the Next Underwritten Public Offering. The Company shall not be obligated to acquire the Real Estate if the Lead Investor does not make the written request contemplated by this Section 4.12 on or before the 180th day following the Next Underwritten Public Offering.
