Sale of Designated Properties Sample Clauses

Sale of Designated Properties. Notwithstanding anything in this Agreement to the contrary, Operating Partnership shall have the right to convey or cause to be conveyed any or all of the Designated Properties from and after the Closing to one or more Persons, whether or not such Persons are Affiliates of or related to Operating Partnership. Owners acknowledge that Operating Partnership intends to convey any or all of the Designated Properties at or immediately after Closing, and, in connection therewith, Operating Partnership intends to allow prospective purchasers and their respective investors, partners, employees, accountants, agents and lenders to conduct due diligence and investigations at and with respect to the Designated Properties simultaneously with Operating Partnership's due diligence and investigations of such Designated Properties. Owners consent to and agree to provide reasonable access to such parties \ conducting such due diligence provided such parties are subject to the same confidentiality and indemnity obligations as are set forth in this Agreement. If requested by Operating Partnership in writing, Owners will cause any or all of the Acquired Properties to be transferred and conveyed directly to any Person designated by Operating Partnership, provided that if such Person is not an Affiliate of any Company Party, neither the Owners nor the Transferor shall have any liability to such Person. With respect to the six Designated Properties identified on Exhibit C-2 as potential like kind exchange properties, Operating Partnership agrees to use commercially reasonable efforts to structure the sale or other disposition of such properties in a manner that would comply with the "like kind" exchange rules of Section 1031 of the Internal Revenue Code, as amended. Operating Partnership shall have no liability in the event that the sale or other disposition of any such property does not qualify as a "like kind" exchange, including by reason of the inability of Operating Partnership to identify or acquire an acceptable replacement property with the applicable time periods.
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Related to Sale of Designated Properties

  • Unwinding of Designated Transactions On or prior to any repayment or prepayment of the Loan under this Clause 8 or any other provision of this Agreement, the Borrower shall wholly or partially reverse, offset, unwind or otherwise terminate one or more of the continuing Designated Transactions to the extent necessary to ensure that the notional principal amount of the continuing Designated Transactions thereafter remaining does not and will not in the future (taking into account the scheduled amortisation) exceed the amount of the Loan as reducing from time to time thereafter pursuant to Clause 8.1.

  • Certificate of Designation The Certificate of Designation shall have been duly filed with the Secretary of State of the State of Delaware.

  • Certificate of Designations The Certificate of Designations shall have been filed with the Secretary of State of the State of Delaware.

  • Effect of Designation (i) If notice designating an Early Termination Date is given under Section 6(a) or (b), the Early Termination Date will occur on the date so designated, whether or not the relevant Event of Default or Termination Event is then continuing.

  • Options, Rights, Warrants and Convertible and Exchangeable Securities In case the Company shall at any time after the date hereof issue options, rights or warrants to subscribe for shares of Stock, or issue any securities convertible into or exchangeable for shares of Stock, for a consideration per share less than the Exercise Price in effect or the Market Price immediately prior to the issuance of such options, rights, warrants or such convertible or exchangeable securities, or without consideration, the Exercise Price in effect immediately prior to the issuance of such options, rights, warrants or such convertible or exchangeable securities, as the case may be, shall be reduced to a price determined by making a computation in accordance with the provisions of Section 8.1 hereof; PROVIDED, that:

  • Purchase and Sale of Debentures Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, Buyer agrees to purchase, at each Closing, and Company agrees to sell and issue to Buyer, at each Closing, Debentures in the amount of the Purchase Price applicable to each Closing as more specifically set forth below.

  • Purchase and Sale of Preferred Shares Upon the following terms and conditions, CDRD shall issue and sell to each Investor severally, and each Investor severally shall purchase from CDRD, the number of First Closing Shares and up to the number of Second Closing Shares indicated next to such Investor's name on Schedule I attached to this Agreement."

  • Purchase and Sale of Preferred Stock 1.1 Sale and Issuance of Series A Preferred Stock. ---------------------------------------------

  • Preferred Share Provisions Each one one-hundredth of a Preferred Share, if issued: • will not be redeemable. • will entitle holders to quarterly dividend payments of $0.01 per share, or an amount equal to the dividend paid on one share of common stock, whichever is greater. • will entitle holders upon liquidation either to receive $1 per share or an amount equal to the payment made on one share of common stock, whichever is greater. • will have the same voting power as one share of common stock. • if shares of our common stock are exchanged via merger, consolidation, or a similar transaction, will entitle holders to a per share payment equal to the payment made on one share of common stock. The value of one one-hundredth interest in a Preferred Share should approximate the value of one share of common stock.

  • Purchase and Sale of Convertible Debentures 5 2.2 Purchase and Sale; Purchase Price................................5 2.2 Execution and Delivery of Documents; the Closing.................6 2.3 The Post-Closing.................................................7

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