Acquisitions and Sales. If a Credit Party or one of its Subsidiaries anticipates (a) making an Investment or an acquisition in excess of $75 million or (b) the sale, lease, transfer, encumbrance or disposition of a Property (or equity interest therein) for consideration in excess of $50 million, then five (5) Business Days prior to such Credit Party (or Subsidiary) taking such action, the Borrowers shall provide the Administrative Agent written notice of such action, together with a certification as to compliance with the terms of this Credit Agreement, including, without limitation, Section 7.2 (on a Pro Forma Basis), after giving effect to such action prepared and executed by the chief financial officer or chief executive officer of BRT.
Appears in 4 contracts
Samples: Term Loan Credit Agreement (Brandywine Realty Trust), Term Loan Credit Agreement (Brandywine Operating Partnership Lp /Pa), Term Loan Credit Agreement (Brandywine Operating Partnership Lp /Pa)
