Common use of Sale of a Subject Property Clause in Contracts

Sale of a Subject Property. Provided no Default or Unmatured Default shall have occurred hereunder or under the other Loan Documents and be continuing (or would exist immediately after giving effect to the transactions contemplated by this Section 2A.4 and transactions simultaneously occurring under Section 2A.2 and/or 2A.3, if any), a Subject Property Owner may from time to time sell, transfer or otherwise convey a Subject Property (or the Borrower or a Subsidiary may sell, transfer or convey the direct or indirect interests in such Subject Property Owner) or enter into a Joint Venture pursuant to which Borrower no longer owns directly or indirectly 100% of the interests in a Subject Property Owner (or at least 98.5% with respect to a Subject Property Owner directly or indirectly owned by JDN), provided that such sale, transfer, conveyance or consummation of such a Joint Venture shall be upon the following terms and conditions:

Sale of a Subject Property. Provided no Default or Unmatured Event of Default shall have occurred hereunder or under the other Loan Documents and be continuing (or would exist immediately after giving effect to the transactions contemplated by this Section 2A.4 6.3 and transactions simultaneously occurring under Section 2A.2 and/or 2A.36.2, if any), a Subject Property Owner may from time to time sell, transfer or otherwise convey a Subject Property (or the Borrower or a Subsidiary may sell, transfer or convey the direct or indirect interests in such Subject Property Owner) to a third party or enter into a Joint Venture pursuant to which Borrower no longer owns directly or indirectly 100% of the interests in a Subject Property Owner (or at least 98.5% Owner, provided that, solely with respect to sales, transfers or conveyances of a Subject Collateral Interests Property Owner directly or indirectly owned by JDN)the Borrower’s or its Subsidiaries’ direct or indirect interests therein or the consummation of any such Joint Venture, provided that such sale, transfer, conveyance or consummation of such a Joint Venture shall be upon the following terms and conditionsconditions in either case:

Sale of a Subject Property. (a) Provided no Default or Unmatured Event of Default shall have occurred hereunder or under the other Loan Documents and be continuing (or would exist immediately after giving effect to the transactions contemplated by this Section 2A.4 6.3(a) and transactions simultaneously occurring under Section 2A.2 and/or 2A.36.2, if any), a Subject Property Owner may from time to time sell, transfer or otherwise convey a Subject Property (or the Borrower or a Subsidiary may sell, transfer or convey the direct or indirect interests in such Subject Property Owner) to a third party or enter into a Joint Venture pursuant to which Borrower no longer owns directly or indirectly 100% of the interests in a Subject Property Owner (or at least 98.5% Owner, provided that, solely with respect to sales, transfers or conveyances of a Subject Collateral Interests Property Owner directly or indirectly owned by JDN)the Borrower’s or its Subsidiaries’ direct or indirect interests therein or the consummation of any such Joint Venture, provided that such sale, transfer, conveyance or consummation of such a Joint Venture shall be upon the following terms and conditionsconditions in either case: