HSRE JV Property Swap Sample Clauses

HSRE JV Property Swap. Except as provided in the next paragraph, the consummation of the HSRE JV property swap. If the Transaction Date occurs on or before September 30, 2015, the Transaction Bonus will be $255,000. If the Transaction Date occurs after September 30, 2015, the following Transaction Bonus is payable for this Transaction: by November 30, 2015 - $215,000; by January 31, 2016 - $170,000. No bonus will be payable for this Transaction unless the net cash consideration to the Company under the currently contemplated transaction that involves a sale to the buyer of the Company’s JV interest in the Nxxxxx and Louisville properties and a transfer to the Company of the buyer’s interest in the Company’s Fayetteville, Indiana and Greensboro properties is an amount at which the CEO determines to constitute extraordinary efforts by Employee. If this Transaction does not occur separately with any third party because these properties are otherwise sold or transferred through an overall business transaction, then the Transaction Bonus amount separately attributable to this Transaction will roll into and be paid as part of the Transaction described in subsection (c) below.
Sample 1
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HSRE JV Property Swap. Except as provided in the next paragraph, the consummation of the HSRE JV property swap. If the Transaction Date occurs on or before November 15, 2015, the Transaction Bonus will be $255,000. If the Transaction Date occurs after November 15, 2015, the following Transaction Bonus is payable for this Transaction: by December 31, 2015 - $215,000; by January 31, 2016 - $170,000. No bonus will be payable for this Transaction unless the net cash consideration to the Company under the currently contemplated transaction or any potential modification subsequently negotiated, whereby the Company’s JV interest reduced and results in an economic outcome which the CEO determines to constitute extraordinary efforts by Employee. If this Transaction does not occur separately with any third party because these properties are otherwise sold or transferred through an overall business transaction, then the Transaction Bonus amount separately attributable to this Transaction will roll into and be paid as part of the Transaction described in subsection (c) below.
Sample 1

Related to HSRE JV Property Swap

  • Leasehold Properties In relation to those Properties which are leasehold:

  • Cooperative Property The real property and improvements owned by the Cooperative Corporation, that includes the allocation of individual dwelling units to the holders of the Cooperative Shares of the Cooperative Corporation.

  • Leasehold Financing Notwithstanding anything to the contrary contained in the Lease, Tenant shall have the right, without Landlord’s consent to encumber the leasehold estate created under the Lease and/or to grant a security interest in Tenant’s removable trade fixtures, furnishings and equipment located within the Leased Premises (but not to encumber Landlord’s fee interest in the Premises), to secure financing provided to Tenant by any bank, thrift institution, insurance company or other institutional lender. Tenant agrees to notify Landlord of any such encumbrance. With respect to any such leasehold financing (and provided that Tenant is not in default under the Lease beyond any applicable notice or cure period), upon thirty (30) days’ prior written request from Tenant, Landlord will execute and deliver to the secured lender a “Landlord’s Agreement” in the form attached hereto as Exhibit “A-1”.

  • Title to Properties; Possession Under Leases (a) Such Borrower and each of its Subsidiaries have good and marketable title to, or valid leasehold interests in, all its material properties and assets, except for minor defects in title that do not materially interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes.

  • Real Property Interests Except for leasehold interests disclosed on Schedule 3.20, and except for the ownership or other interests set forth on Schedule 3.20, no Credit Party has, as of the Closing Date, any ownership, leasehold or other interest in real property. Schedule 3.20 sets forth, with respect to each parcel of real estate owned by any Credit Party as of the Closing Date, the address and legal description of such parcel.

  • Unencumbered Properties Each Property included in any calculation of Unencumbered Asset Value or Unencumbered NOI satisfied, at the time of such calculation, all of the requirements contained in the definition of “Unencumbered Property Criteria.”

  • Ground Leases For purposes of this Exhibit C, a “Ground Lease” shall mean a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Real Property; Leasehold Neither the Company nor any of its Subsidiaries owns or has ever owned any real property. The Company has made available to Parent (a) an accurate and complete list of all real properties with respect to which the Company directly or indirectly holds a valid leasehold interest as well as any other real estate that is in the possession of or leased by the Company or any of its Subsidiaries, and (b) copies of all leases under which any such real property is possessed (the “Company Real Estate Leases”), each of which is in full force and effect, with no existing material default thereunder. The Company’s use and operation of each such leased property conforms to all applicable Laws in all material respects, and the Company has exclusive possession of each such leased property and has not granted any occupancy rights to tenants or licensees with respect to such leased property. In addition, each such leased property is free and clear of all Encumbrances other than Permitted Encumbrances.

  • Real Property Matters The Company does not own any real property as of the date hereof and has not owned any real property during the three years preceding the date hereof.

  • Property or Properties As the context requires, any, or all, respectively, of the Real Property acquired by the Company, either directly or indirectly (whether through joint venture arrangements or other partnership or investment interests).

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