JV III Conditions Precedent Sample Clauses

JV III Conditions Precedent. Notwithstanding anything to the contrary contained herein, HSRE JV III Member and Purchaser shall be under no obligation to complete the transactions contemplated in this Section 4 unless and until the following conditions have been satisfied prior to December 31, 2010 or such later date as mutually agreed upon by HSRE JV III Member and Purchaser (collectively, the “JV III Conditions Precedent”): (i) the consummation of the IPO and (ii) HSRE JV III Member and Purchaser have received the written consent of the third party lender to the Carrollton Property Owner (the “JV III Lender”), if required under the applicable loan documents, in a form reasonably acceptable to HSRE JV III Member and Purchaser consenting to the transactions contemplated herein (the “JV III Lender Consent”) provided, however, that the failure of the JV III Lender to modify the recourse provisions or release or alter the liability of the then existing guarantors under the loan documents shall not be the basis for Purchaser to withhold its approval of the JV III Lender Consent. (the JV I Lender Consent, the XX XX Lender Consent and the JV III Lender Consent shall be referred to herein, collectively, as the “Lender Consents”).
Sample 1Sample 2
AutoNDA by SimpleDocs

Related to JV III Conditions Precedent

  • Conditions Precedent The effectiveness of this Amendment is subject to the satisfaction of all of the following conditions precedent:

  • Initial Conditions Precedent The obligation of the Lenders to effect or permit the occurrence of the first Credit Event hereunder, whether as the making of a Loan or the issuance of a Letter of Credit, is subject to the satisfaction or waiver of the following conditions precedent:

  • Seller’s Conditions Precedent The obligations of Seller to consummate the transactions contemplated by this Agreement are subject to the satisfaction or waiver, at or prior to the Closing Date, of each of the following conditions precedent:

  • Additional Conditions Precedent No Lender has any obligation to make any Loan (including its first), and LC Issuer has no obligation to issue any Letter of Credit (including its first), unless the following conditions precedent have been satisfied:

  • Buyer’s Conditions Precedent The obligations of Buyer to consummate the transactions contemplated by this Agreement are subject to the satisfaction or waiver, at or prior to the Closing Date, of each of the following conditions precedent:

  • CONDITIONS PRECEDENT TO LOAN The obligations of Lender to make the Loan hereunder are subject to the satisfaction by Borrower of the following conditions:

  • Conditions Precedent to EFFECTIVENESS OF SECTIONS 2.01 AND 2.03. Sections 2.01 and 2.03 of this Agreement shall become effective on and as of the first date (the "EFFECTIVE DATE") on which the following conditions precedent have been satisfied:

  • Other Conditions Precedent Each of the conditions set forth in Sections 4.1.4, 4.1.5, 4.1.6 and 4.1.10 shall have been satisfied unless the failure of any such condition to be satisfied is the result of any action or inaction by Mortgagee.

  • General conditions precedent The agreement of the Finance Parties referred to in clause 2 (Agreement of the Finance Parties) shall be further subject to:

  • Purchaser’s Conditions Precedent Except as may be waived in writing by Purchaser, the obligations of Purchaser hereunder are subject to the fulfillment at or prior to the Closing of each of the following conditions:

Time is Money Join Law Insider Premium to draft better contracts faster.