Sale of Real Property. To the extent the COMPANY owns any real property (as indicated on Schedule 5.14 and/or 5.16), the COMPANY shall have disposed of all such real property without recourse to the COMPANY or VESTCOM for any claims, including environmental claims.
Sale of Real Property. Seller agrees to sell to Buyer and Buyer agrees to buy from Seller the Real Property.
Sale of Real Property. This Amendment No. 2 to Agreement For Purchase And Sale Of Real Property (the "Agreement") is made and entered into as of the 21st day of November, 2001 (the "Contract Date") by and between Macromedia, Inc., a Delaware corporation ("Seller"), and Menlo Equities Associates LLC, a California limited liability company ("Buyer").
Sale of Real Property. 63 9.17 Secretary's Certificate..........................................................................63 9.18
Sale of Real Property. During the Security Period, neither the Company nor any of the Subsidiaries shall sell, transfer, farm-out, assign or dispose of any Real Property (and any of the Collateral used in connection with the operation of such Real Property) (a “Collateral Disposition”), except in a good faith, arm’s length transaction with Persons who are not officers or directors, provided that (i) the net cash proceeds of the Collateral Disposition are immediately deposited into a Deposit Account (as defined in the Security Agreement) covered by an Account Control Agreement, or, if any of the consideration consists of Real Property or other assets, the Buyers are provided with a valid, perfected first priority security interest therein within two (2) Business of the Collateral Disposition, (ii) immediately before and immediately after giving effect to such Collateral Disposition, no Event of Default (as defined in the Notes) shall have occurred and be continuing, and, within the ninety (90) days prior to such Collateral Disposition, no event shall have occurred that, with the giving of notice or passage of time and without being cured would constitute an Event of Default (any such Collateral Disposition, a “Permitted Collateral Disposition”), and (iii) immediately before and immediately after giving effect to such Collateral Disposition, there shall not be a Financial Covenant Test Failure (as defined in the Notes), and if such Collateral Disposition had occurred as of the last day of the period covered by the most recently filed Periodic Report, there would not have been a Financial Covenant Test Failure. Upon a Permitted Collateral Disposition, the Buyers shall, and shall cause the Collateral Agent (if applicable), at the Company’s sole expense, to promptly release any Lien encumbering that portion of the Real Property and any of the Collateral used in connection with the operation of such Real Property that is sold, transferred, farmed-out, assigned, or disposed of, provided that the Company and each applicable Subsidiary shall have delivered to the Buyers or the Collateral Agent (if applicable) a written notice from the Company and each applicable Subsidiary, which notice shall contain no material non-public information, (1) requesting the release of the Liens encumbering the Real Property and Collateral to be sold, transferred, farmed-out, assigned or disposed of, (2) describing the proposed Real Property and Collateral sold, transferred, farmed-out, assigned or disposed ...
Sale of Real Property. (a) Both parties shall take all necessary steps and execute all necessary documents to cause the real property know as to be sold by private treaty at the earliest possible date at a price to be agreed on between the parties and failing such agreement to be determined by the proper officer of the Real Estate Institute or their nominee and that the proceeds of the said sale be disbursed as follows:
(i) Payment of agent’s commission and advertising expenses and legal expenses of the sale;
(ii) Payment of any money due and owing to the mortgagee;
(iii) The net balance to be divided between the parties as follows:
(1) to the wife; and
(2) to the husband.
(b) That in the event that the real property fails to be sold by private treaty within a period of 3 months of this agreement, then each party take all necessary steps and execute all necessary documents to cause the said property to be sold by auction at the earliest possible date at a reserve to be agreed upon between the parties and failing such agreement to be determined by the proper officer of the Real Estate
Sale of Real Property. Glasgow Land Company, L.L.C. shall be --------------------- prepared to consummate the transactions contemplated by that certain Contract of Sale of even date herewith and to convey the Real Property to Buyer simultaneously with the Closing.
Sale of Real Property. Buyer shall be prepared to consummate --------------------- the transactions contemplated by that certain Contract of Sale of even date herewith and to purchase the Real Property from Glasgow Land Company, L.L.C. simultaneously with the Closing.
Sale of Real Property. The purchase and sale of the Real Property shall have been completed pursuant to the terms and conditions of the Real Property Purchase Agreement.
Sale of Real Property. The purchase and sale of the Real Property shall have been completed pursuant to the terms and conditions of the Real Property Purchase Agreement and Purchaser shall have paid to Paragon the Real Property Purchase Price in accordance with the terms and conditions of the Real Property Purchase Agreement.
