Bond Offering. On or prior to the date of this Agreement, Affiliates of the Purchaser have submitted (and will not withdraw) an order to X.X. Xxxxxx Securities LLC or the other initial purchasers in the Bond Offering to purchase $350 million aggregate principal amount (subject to cutback by the initial purchasers of the Bond Offering) of the Company’s senior notes as part of the Bond Offering. To the extent that the launch of the Bond Offering is delayed, Affiliates of the Purchaser will submit (or reconfirm) an offer to X.X. Xxxxxx Securities LLC or the other initial purchasers in the Bond Offering to purchase $350 million aggregate principal amount (subject to cutback by the initial purchasers of the Bond Offering) of the Company’s senior notes as part of the Bond Offering.
Bond Offering. The Borrower shall have consummated the private placement of its Senior Notes due 2010 in the face amount of at least $250,000,000, the proceeds of which are used to refinance the LYONs or held as restricted cash for the purposes of redeeming the LYONs.
Bond Offering. Pacific Oak SOR (BVI) Holdings, LTD., a British Virgin Islands company limited by shares and indirect parent of Seller, has issued certain corporate bonds to be listed for trade on the Tel Aviv Stock Exchange (the “Bond Offering”). The Bond Offering has been secured in part by Parcels P2.01, P2.02, P2.04A and P2.19 of the Property (collectively, the “Bond Collateral Property”) until the applicable Closing under this Agreement which includes each such Parcel. In connection with the Bond Offering, Remainder Seller recorded that certain Future Advance Accommodation Deed of Trust, Assignment of Rents and Leases, Security Agreement and Fixture Filing dated as of July 24, 2023 and recorded on July 28, 2023 as Instrument No. 20230728-0000809 in the Official Records against the Bond Collateral Property in favor of the bond trustee (the “Bond Deed of Trust”). Seller hereby agrees to cause the Bond Deed of Trust and all related instruments encumbering the Bond Collateral Property subject to the applicable Closing to be terminated, released and reconveyed by its terms prior to or concurrently with the applicable Closing which includes such Bond Collateral Property. Seller agrees to eliminate and remove the Bond Deed of Trust from the Bond Collateral Property at or prior to the applicable Closing which includes such property and failure to do so shall constitute a default under this Agreement. Until the applicable Closing which includes such Bond Collateral Property, but without limiting the terms and conditions of the prior sentence, the Bond Deed of Trust will be considered a Permitted Exception for all purposes under this Agreement. 5.
