Dispositions or Acquisitions of Assets. Within thirty (30) days after the occurrence thereof, written notice of any Disposition or acquisition of assets (other than acquisitions or Dispositions of investments such as certificates of deposit, Treasury securities and money market deposits in the ordinary course of Borrower's cash management) in excess of Twenty Five Million Dollars ($25,000,000), together with, in the case of any acquisition of such an asset, (i) copies of the agreements governing the acquisition, (ii) historical balance sheets (to the extent available) and statements of income and cash flows with respect to the property acquired for at least the preceding three (3) years and Borrower's revenue and expense projections for the property acquired for at least the next five (5) years (all of the foregoing to be in form and detail satisfactory to the Administrative Agent), (iii) a certificate, of the sort required by paragraph (4)(b) of this Section, containing covenant compliance calculations that include the pro-forma adjustments set forth at the end of this Section, which calculations shall demonstrate Borrower's compliance, on a pro-forma basis, as of the end of the most recently ended calendar quarter for which financial results are required hereunder to have been reported by Borrower, with all covenants enumerated in said paragraph (4)(b) and (iv) such other information relating to the acquisition as the Administrative Agent may reasonably request;
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Samples: Revolving Loan Agreement (Taubman Realty Group LTD Partnership), Revolving Loan Agreement (Taubman Centers Inc)
Dispositions or Acquisitions of Assets. Within thirty (30) days after the occurrence thereof, written notice of any Disposition or acquisition of assets (other than acquisitions or Dispositions of investments such as certificates of deposit, Treasury securities and money market deposits in the ordinary course of Borrower's cash management) in excess of Twenty Five Million Dollars ($25,000,000), together with, in the case of any acquisition of such an asset, (i) copies of the agreements governing the acquisition, (ii) historical balance sheets (to the extent available) and statements of income and cash flows with respect to the property acquired for at least the preceding three (3) years (to the extent available) and Borrower's revenue and expense projections for the property acquired for at least the next five (5) years (all of the foregoing to be in form and detail satisfactory to the Administrative Agent), (iii) a certificate, of the sort required by paragraph (4)(b3)(b) of this Section, containing covenant compliance calculations that include the pro-forma adjustments set forth at the end of this Sectionin Section 8.03, which calculations shall demonstrate Borrower's compliance, on a pro-forma basis, as of the end of the most recently ended calendar quarter for which financial results are required hereunder to have been reported by Borrower, with all covenants enumerated in said paragraph (4)(b3)(b) and (iv) such other information relating to the acquisition as the Administrative Agent may reasonably request;
Appears in 1 contract
Samples: Revolving Credit Agreement (Taubman Realty Group LTD Partnership)
Dispositions or Acquisitions of Assets. Within thirty (30) days after the occurrence thereof, written notice of any Disposition or acquisition of assets (other than acquisitions or Dispositions of investments such as certificates of deposit, Treasury securities and money market deposits in the ordinary course of Borrower's cash management) in excess of Twenty Five Million Dollars ($25,000,000), together with, in the case of any acquisition of such an asset, (i) copies of the agreements governing the acquisition, (ii) historical balance sheets (to the extent available) and statements of income and cash flows with respect to the property asset acquired for at least the preceding three (3) years (to the extent available) and Borrower's revenue and expense projections for the property asset acquired for at least the next five (5) years (all of the foregoing to be in form and detail reasonably satisfactory to the Administrative Agent), (iii) a certificate, of the sort required by paragraph (4)(b3)(b) of this Section, containing covenant compliance calculations that include the pro-forma adjustments set forth at the end of this Sectionin Section 8.02, which calculations shall demonstrate Borrower's compliance, on a pro-forma basis, as of the end of the most recently ended calendar quarter for which financial results are required hereunder to have been reported by Borrower, with all covenants enumerated in said paragraph (4)(b3)(b) and (iv) such other information relating to the acquisition as the Administrative Agent may reasonably request;
Appears in 1 contract
Samples: Secured Revolving Credit Agreement (Taubman Centers Inc)
Dispositions or Acquisitions of Assets. Within thirty (30) -------------------------------------- days after the occurrence thereof, written notice of any Disposition or acquisition of assets (other than acquisitions or Dispositions of investments such as certificates of deposit, Treasury securities and money market deposits in the ordinary course of Borrower's cash management) in excess of Twenty Five Million Dollars ($25,000,000), together with, in the case of any acquisition of such an asset, (i) copies of the agreements governing the acquisition, (ii) historical balance sheets (to the extent available) and statements of income and cash flows with respect to the property acquired for at least the preceding three (3) years (to the extent available) and Borrower's revenue and expense projections for the property acquired for at least the next five (5) years (all of the foregoing to be in form and detail satisfactory to the Administrative Agent), (iii) a certificate, of the sort required by paragraph (4)(b3)(b) of this Section, containing covenant compliance calculations that include the pro-forma adjustments set forth at the end of this Sectionin Section 8.02, which calculations shall demonstrate Borrower's compliance, on a pro-forma basis, as of the end of the most recently ended calendar quarter for which financial results are required hereunder to have been reported by Borrower, with all covenants enumerated in said paragraph (4)(b3)(b) and (iv) such other information relating to the acquisition as the Administrative Agent may reasonably request;
Appears in 1 contract
Samples: Secured Revolving Credit Agreement (Taubman Centers Inc)