No Material Adverse Charge. On the Closing Date, there shall not have been any "Material Adverse Change" (as hereinafter defined) with respect to the Property. For the purposes of this Paragraph 5.4, "Material Adverse Change" shall mean solely that after the date hereof, any tenant or tenants leasing in the aggregate in excess of 50,000 square feet of the Property become entitled to terminate their lease.
Appears in 3 contracts
Samples: Agreement of Sale (Balcor Equity Pension Investors Iii), Agreement of Sale (Balcor Pension Investors Vi), Agreement of Sale (Balcor Equity Pension Investors Iii)
No Material Adverse Charge. On the Closing Date, there shall not have been any "Material Adverse Change" (as hereinafter defined) with respect to the Property. For the purposes of this Paragraph 5.4, "Material Adverse Change" shall mean solely that after the date hereof, any tenant or tenants leasing in the aggregate in excess of 50,000 square feet of the Property become entitled to terminate their lease, but shall not include Safeway going dark or any other termination rights of other tenants as a result thereof.
Appears in 1 contract
Samples: Agreement of Sale (Balcor Equity Pension Investors Ii)
No Material Adverse Charge. On the Closing Date, there shall not have been any "Material Adverse Change" (as hereinafter defined) with respect to the Property. For the purposes of this Paragraph 5.4, "Material Adverse Change" shall mean solely that after the date hereof, any tenant or tenants leasing in the aggregate in excess of 50,000 square feet of the Property become entitled to terminate their lease, but shall not include Leaps and Bounds (Discovery Zone) going dark or any other termination rights of other tenants as a result thereof.
Appears in 1 contract
Samples: Agreement of Sale (Balcor Equity Pension Investors Iv)
