Common use of Material Real Property Clause in Contracts

Material Real Property. Promptly upon, and in any event within 10 Business Days after, Parent or any other Credit Party acquires any fee interest in Real Property the fair market value of which is equal to or greater than $2,000,000, notice of such acquisition, together with the Company’s good faith determination of the fair market value thereof.

Appears in 4 contracts

Samples: Abl Credit Agreement (J.Jill, Inc.), Abl Credit Agreement (J.Jill, Inc.), Abl Credit Agreement (J.Jill, Inc.)

AutoNDA by SimpleDocs

Material Real Property. Promptly upon, and in any event within 10 ten Business Days after, Parent Holdings or any other Credit Party acquires any fee interest in Real Property the fair market value of which is equal to or greater than $2,000,000, notice of such acquisition, together with the Company’s Holdings’ good faith determination of the fair market value thereof.

Appears in 4 contracts

Samples: Subordinated Term Loan Credit Agreement (J.Jill, Inc.), Term Loan Credit Agreement (J.Jill, Inc.), Term Loan Credit Agreement

AutoNDA by SimpleDocs

Material Real Property. Promptly upon, and in any event within 10 ten (10) Business Days after, Parent Holdings or any other Credit Party acquires any fee interest in Real Property the fair market value of which is equal to or greater than $2,000,000, notice of such acquisition, together with the Company’s Holdings’ good faith determination of the fair market value thereof.

Appears in 1 contract

Samples: Term Loan Credit Agreement (J.Jill, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!