Real Estate Purchases. No Credit Party shall purchase a fee simple ownership interest in Real Estate.
Real Estate Purchases. No Credit Party shall purchase a fee simple ownership interest in Real Estate with an aggregate purchase price in excess of $500,000 (except for the purchase of that certain residential property located at 0000 Xxxxxxxxx Xxxxx Xxxxxxx, Xxxxxxxxxxxx, Xxxxxxxx 00000, for up to $810,000 by Holdings; provided, however, that such property is sold by August 31, 2005 for the same purchase price paid by Holdings).”
Real Estate Purchases. To the extent otherwise permitted hereunder, if any Credit Party proposes to acquire a fee ownership interest in Real Estate after the Closing Date, with a fair market purchase price in excess of $5,000,000, it shall first provide to Agent a mortgage or deed of trust granting Agent a second priority Lien (subject to Permitted Encumbrances) on such Real Estate (unless such Real Estate is Eligible Real Estate, in which case it will be a first priority Lien), together with existing environmental audits, Title Insurance (except insuring a second priority Lien, if applicable), a Mortgage Opinion, and, if required by Agent, Flood Insurance, and such other customary documents, instruments or agreements reasonably requested by Agent, in each case, in form and substance reasonably satisfactory to Agent; provided, that the foregoing shall not be required to the extent the Real Estate at issue is located outside of the United States and the granting of such mortgage or deed of trust would result in a material adverse tax consequence to any Credit Party or to the extent such mortgage is not permitted by applicable law; provided, however, that utilization of the net operating losses of the Credit Parties shall be excluded from Borrower Representative’s determination of whether any mortgage would result in materially adverse tax consequences to the Credit Parties.
Real Estate Purchases. SESE may purchase real estate and hold title to said property as provided for in the Articles of Joint Agreement and these Bylaws.
Real Estate Purchases. No Credit Party shall acquire any fee simple ownership interests or leasehold interests in Real Estate unless such Credit Party has complied with the requirements of Section 5.9.
Real Estate Purchases. No Credit Party shall purchase or acquire or commit to purchase or acquire a fee simple or freehold ownership interest in real estate (a) with an aggregate purchase price in excess of the Dollar Equivalent of $50,000,000 or (b) that would cause the purchase prices of all such purchases by all Credit Parties since the Closing Date to exceed, in aggregate, the Dollar Equivalent of $100,000,000.
Real Estate Purchases. Borrower shall not purchase fee simple ownership interest in Real Estate with an aggregate purchase price in excess of $1,000,000.
Real Estate Purchases. No Credit Party shall purchase a fee simple ownership interest in Real Estate without the prior written consent of the Administrative Agent, except for the purchase of a fee simple ownership interest in Real Estate by newly formed Subsidiary of US Borrowers for the purpose of establishing a manufacturing facility (as permitted under Section 3.6(b)(iv)).
Real Estate Purchases. No Credit Party shall purchase or acquire or commit to purchase or acquire (a) a fee simple or freehold ownership interest in real estate (x) with an aggregate purchase price in excess of the Dollar Equivalent of $5,000,000, or (y) that would cause the purchase prices of all such purchases by all Credit Parties since the Closing Date to exceed, in aggregate, the Dollar Equivalent of $25,000,000, or (b) a leasehold interest in real estate that would cause the aggregate premium or rent of all such purchases of all Credit Parties since the Closing Date for the terms of all such leasehold interests to exceed, in aggregate, the Dollar Equivalent of $25,000,000.
Real Estate Purchases. 41 8.18 NO DISCOVERY. . . . . . . . . . . . . . . . . . . . . . . . . 41 8.19
