Phase II Mall Recognition Agreement Sample Clauses

Phase II Mall Recognition Agreement. The Administrative Agent shall have received executed counterparts from GGP, LCR and the Borrowers of a recognition agreement with respect to the Phase II Mall Sale Agreement in form, scope and substance satisfactory to the Requisite Lenders (as the same may be amended, supplemented, amended and restated, or otherwise modified in accordance with the terms hereof, the “Phase II Mall Recognition Agreement”) and any supplements or amendments thereto, all of which shall have been duly authorized, executed and delivered by the parties thereto, and shall be certified by an Authorized Officer of each of the Borrowers and LCR as being true, complete and correct and in full force and effect.
Sample 1Sample 2
AutoNDA by SimpleDocs
Phase II Mall Recognition Agreement. On or prior to January 29, 2005 (time being of the essence), the Administrative Agent shall have received executed counterparts from GGP, LCR and the Borrowers of the Phase II Mall Recognition Agreement and any supplements or amendments thereto, all of which shall have been duly authorized, executed and delivered by the parties thereto, and shall be certified by an Authorized Officer of each of the Borrowers and LCR as being true, complete and correct and in full force and effect.
Sample 1Sample 2
Phase II Mall Recognition Agreement. The Phase II Mall Agent and the Bank Agent shall have received executed counterparts from the Phase II Mall Buyer, LCR and the Phase II Mall Borrowers of a recognition agreement with respect to the Phase II Mall Purchase Agreement which conforms to the requirements of Section 5.13 of the Phase II Mall Construction Loan Agreement (as the same may be amended, amended and restated, supplemented or otherwise modified from time to time in accordance with the terms hereof, the “Phase II Mall Recognition Agreement”) and any supplements or amendments thereto, all of which shall have been duly authorized, executed and delivered by the parties thereto, and shall be certified by an Authorized Representative of each of the Phase II Mall Borrowers and LCR as being true, complete and correct and in full force and effect.
Sample 1
Phase II Mall Recognition Agreement. On or prior to January 29, 2005 (time being of the essence), the Phase II Mall Agent and the Bank Agent shall have received executed counterparts from the Phase II Mall Buyer, LCR and the Phase II Mall Borrowers of the Phase II Mall Recognition Agreement and any supplements or amendments thereto, all of which shall (a) have been duly authorized, executed and delivered by the parties thereto, (b) be in form and substance reasonably satisfactory to the Funding Agents and the Bank Arranger, and (c) be certified by an Authorized Representative of each of the Phase II Mall Borrowers and LCR as being true, complete and correct and in full force and effect.
Sample 1

Related to Phase II Mall Recognition Agreement

  • Master Services Agreement This Agreement is a master agreement governing the relationship between the Parties solely with regard to State Street’s provision of Services to each BTC Recipient under the applicable Service Modules.

  • Transition Agreement At Closing, Buyer and Seller shall execute the applicable Transition Agreements.

  • Development Agreement That certain Development Agreement dated of even date herewith by and between the Company and Developer providing for the development of the Project on the Property, a copy of which is attached hereto as Exhibit C and incorporated herein by reference. Development Fee. As described in Section 6.8.

  • Assignment of Management Agreement As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.

  • Services Agreement The Company has entered into the Services Agreement with the Sponsor pursuant to which the Sponsor will make available to the Company general and administrative services including office space, utilities and secretarial support for the Company’s use for $10,000 per month, subject to adjustment as provided for in the Services Agreement. Prior to the consummation of a Business Combination, the Company shall not enter into any other arrangement for the provision of such services with any Insider that will require the Company to pay in excess of $10,000 per month for such services.

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • MANAGEMENT AGREEMENT AND FRANCHISE AGREEMENT At or prior to the Closing, Seller shall terminate the Existing Management Agreement and the Existing Franchise Agreement, and Seller shall be solely responsible for all claims and liabilities arising thereunder on, prior to or following the Closing Date. As a condition to Closing, Buyer shall enter into the New Management Agreement and the New Franchise Agreement, effective as of the Closing Date, containing terms and conditions acceptable to Buyer (including, without limitation, such terms and conditions as may be required to accommodate Buyer’s and/or Buyer’s Affiliates’ REIT structure). Seller shall be responsible for paying all costs related to the termination of the Existing Management Agreement. Buyer shall be responsible for paying all reasonable and actual costs of the Franchisor related to the assignment or termination, as applicable, of the Existing Franchise Agreement. Seller shall use best efforts to promptly provide all information required by the Franchisor in connection with the New Franchise Agreement, and Seller and Buyer shall diligently pursue obtaining the same. As a condition to Buyer’s and Seller’s obligation to close under this Contract, Buyer and Manager shall agree, on or before the expiration of the Review Period, on the form and substance of the New Management Agreement.

  • Transition Services Agreement Seller shall have executed and delivered the Transition Services Agreement.

  • Termination Agreement (1) If the Franchise Agreement shall be terminated due to the expiration, both parties shall sign a Termination Agreement through negotiation completed 180 days prior to the expiration date.

  • Parties to Lock-Up Agreements The Company has furnished to the Underwriters a letter agreement in the form attached hereto as Exhibit A (the “Lock-up Agreement”) from each of the persons listed on Exhibit B. Such Exhibit B lists under an appropriate caption the directors and executive officers of the Company. If any additional persons shall become directors or executive officers of the Company prior to the end of the Company Lock-up Period (as defined below), the Company shall cause each such person, prior to or contemporaneously with their appointment or election as a director or executive officer of the Company, to execute and deliver to the Representatives a Lock-up Agreement.

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