Sale of Facility. 2.11.1 Seller shall give MCE at least thirty (30) days’ prior notice of the commencement by Seller or any of its affiliates of substantive negotiations with any unaffiliated third party with respect to the sale of any equity interests in Seller or the Facility, or any group(s) of assets or equity interests that includes the Facility, in order to provide MCE with an opportunity to discuss and negotiate with Seller the possible sale of the Facility to MCE.
Sale of Facility. Lender has agreed that Borrowers may enter purchase contracts for the sale of any of the Facilities (each sale, a "Facility Sale" and collectively, the "Facility Sales"). Contemporaneously with the closing of any Facility Sale, Borrowers may obtain the release from the Mortgage of the Facility which is being sold upon the satisfaction of all of the following conditions:
Sale of Facility. 6.1. The parties may at any time agree to jointly sell the facility to a third party.
Sale of Facility. In the event that the Board of Directors determines that the facility is no longer necessary for Cooperative transition programs, the Board of Directors may, by resolution approved by two- thirds (2/3) of the Board of Directors and as otherwise permitted by law, determine to sell the facility. In such event, the Board of Directors shall utilize the proceeds from the sale to retire or provide for the retirement and payment of the remaining principal and interest on any debt certificates issued to acquire, construct or maintain the facility. Any net proceeds remaining after the sale of the facility and retirement or provision for the retirement of the principal and interest on such debt certificates shall be distributed to the member high school district boards of education based on each high school district’s usage of the facility as reflected by the aggregate of the transition program tuition billed to and paid by each high school district for transition programs operated at the facility prior to sale. In the event that the proceeds from the sale of the facility are inadequate to retire or provide for the retirement and payment of the remaining principal and interest for such debt certificates, liability for the remaining principal and interest payments for such debt certificates will be assessed annually against the member high school districts based on each member high school district’s total district enrollment as a percentage of the sum of all of the current member high school districts’ total enrollments as identified in the last fall public school housing reports for all member high school districts.
Sale of Facility. The Sellers shall have caused the Company to sell the facility located in Balatonfűzfő, Hungary with no residual liability to the Company or Purchaser, other than agreed under the terms of the Lease Agreement.
Sale of Facility. Lenders hereby consent to Borrower entering into a contract to sell and selling the parking lot property located in Houston, Texas.
Sale of Facility. NGL hereby agrees to sell the Facility, including, without limitation, all personal property of any kind comprising the Facility as more particularly described on Exhibit A, to PESRM, and PESRM hereby agrees to purchase the Facility, including, without limitation, all personal property of any kind comprising the Facility from NGL, upon the terms and conditions set forth herein.
