Common use of Real Estate Purchases Clause in Contracts

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. No Credit Party shall purchase a fee simple ownership interest in Real Estate (excluding any such purchase pursuant to a Permitted Acquisition) with an aggregate purchase price in excess of (i) $500,000 5,000,000 in any Fiscal Year and (except for ii) $25,000,000 during the purchase of that certain residential property located at 0000 Xxxxxxxxx Xxxxx Xxxxxxx, Xxxxxxxxxxxx, Xxxxxxxx 00000, for up to $810,000 by Holdingsterm hereof; provided, howeverthat at or prior to the closing of any such purchase, Borrowers shall have made such deliveries as required pursuant to the last sentence of Section 5.9; provided, further, that after giving effect to any such property purchase, Borrowing Availability is sold by August 31, 2005 for the same purchase price paid by Holdings)greater than $25,000,000.”

Real Estate Purchases. No Credit Party shall purchase a fee simple ownership interest in Real Estate (excluding any such purchase pursuant to a Permitted Acquisition) with an aggregate purchase price in excess of (i) $500,000 5,000,000 in any Fiscal Year and (except for ii) $25,000,000 during the purchase of that certain residential property located at 0000 Xxxxxxxxx Xxxxx Xxxxxxx, Xxxxxxxxxxxx, Xxxxxxxx 00000, for up to $810,000 by Holdingsterm hereof; provided, howeverthat at or prior to the closing of any such purchase, that Borrowers shall have made such property is sold by August 31, 2005 for deliveries as required pursuant to the same purchase price paid by Holdings).”last sentence of