Compulsory purchase. (a) Any part of any Property is compulsorily purchased or the applicable local authority makes an order for the compulsory purchase of all or any part of any Property; and (b) in the opinion of the Majority Lenders, taking into account the amount and timing of any compensation payable, the compulsory purchase has or will have a Material Adverse Effect.
Appears in 3 contracts
Samples: Mezzanine Facility Agreement (American Realty Capital Global Trust II, Inc.), Facility Agreement (NorthStar Healthcare Income, Inc.), Facility Agreement (Northstar Realty Finance Corp.)
Compulsory purchase. (a) Any material part of any Property the Building is compulsorily purchased or the applicable local authority makes an order for the compulsory purchase of all or any part of any Propertythe Building; and
(b) in the opinion of the Majority Lenders, taking into account the amount and timing of any compensation payable, the compulsory purchase has or will would be reasonably likely to have a Material Adverse Effect.
Appears in 2 contracts
Samples: Amendment and Restatement Agreement (Strategic Hotels & Resorts, Inc), Facility Agreement (Strategic Hotels & Resorts, Inc)
Compulsory purchase. (a) Any The whole or a material part or interest of any Obligor in any Property is compulsorily purchased or the applicable local authority makes an order for the a compulsory purchase order of all or any part of any Property; and
(b) in the opinion of the Majority Lenders, taking into account the amount and timing of any compensation payable, the compulsory purchase has or will have a Material Adverse Effect.
Appears in 2 contracts
Samples: Facility Agreement (Hines Global REIT, Inc.), Facility Agreement (Hines Global REIT, Inc.)
Compulsory purchase. (a) Any part of any a Property is compulsorily purchased or the applicable local authority makes an order for the compulsory purchase of all or any part of any a Property; and
(b) in the opinion of the Majority Lenders, taking into account the amount and timing of any compensation payable, the compulsory purchase has or will have a Material Adverse Effect.
Appears in 2 contracts
Samples: Credit Facility Agreement, Credit Facility Agreement (Shurgard Storage Centers Inc)
Compulsory purchase. (a) Any part of any Property is compulsorily purchased or the applicable local authority makes an order for the compulsory purchase of all or any part of any the Property; and
(b) in In the opinion of the Majority Lenders, taking into account the amount and timing of any compensation payable, the compulsory purchase has or will have a Material Adverse Effect.
Appears in 1 contract
Samples: Mezzanine Facility Agreement (American Realty Capital Global Trust II, Inc.)
