Common use of Sale of Unencumbered Asset Pool Properties Clause in Contracts

Sale of Unencumbered Asset Pool Properties. Prior to the sale or transfer of any Unencumbered Asset Pool Property, the applicable Borrower shall (i) deliver prior written notice to the Lead Agent and the Banks, (ii) deliver to the Lead Agent and the Banks a certificate from its Chief Financial Officer certifying that at the time of such sale or other disposal (based on pro-forma calculations for the previous period assuming that such Unencumbered Asset Pool Property was not an Unencumbered Asset Pool Property for the relevant period) all of the covenants contained in Sections 5.8 through 5.14 and 5.16 through 5.21 are and after giving effect to the transaction shall continue to be true and accurate in all respects, and (iii) pay to the Lead Agent an amount equal to that required pursuant to Section 2.10(b).

Appears in 3 contracts

Samples: Revolving Credit Agreement (Carramerica Realty Corp), Revolving Credit Agreement (Carramerica Realty Corp), Revolving Credit Agreement (Carramerica Realty Corp)

AutoNDA by SimpleDocs

Sale of Unencumbered Asset Pool Properties. Prior to ------------------------------------------ the sale or transfer of any Unencumbered Asset Pool Property, the applicable Borrower shall (i) deliver prior written notice to the Lead Administrative Agent and the Banks, (ii) deliver to the Lead Administrative Agent and the Banks a certificate from its Chief Financial a Senior Officer certifying that at the time of such sale or other disposal (based on pro-forma calculations for the previous period assuming that such Unencumbered Asset Pool Property was not an Unencumbered Asset Pool Property for the relevant period) all of the covenants contained in Sections 5.8 through 5.14 and 5.16 through 5.21 are and after giving effect to the transaction shall continue to be true and accurate in all respects, and (iii) pay to the Lead Administrative Agent an amount equal to that required pursuant to Section 2.10(b2.10(a).

Appears in 1 contract

Samples: Credit Agreement (Ventas Inc)

Sale of Unencumbered Asset Pool Properties. Prior to the sale or transfer of any Unencumbered Asset Pool Property, the applicable Borrower shall (i) deliver prior written notice to the Lead Administrative Agent and the Banks, (ii) deliver to the Lead Administrative Agent and the Banks a certificate from its Chief Financial a Senior Officer certifying that at the time of such sale or other disposal (based on pro-forma calculations for the previous period assuming that such Unencumbered Asset Pool Property was not an Unencumbered Asset Pool Property for the relevant period) all of the covenants contained in Sections 5.8 through 5.14 and 5.16 through 5.21 are and after giving effect to the transaction shall continue to be true and accurate in all respects, and (iii) pay to the Lead Agent an amount equal to that required pursuant to Section 2.10(b).to

Appears in 1 contract

Samples: Credit Agreement (Ventas Inc)

AutoNDA by SimpleDocs

Sale of Unencumbered Asset Pool Properties. Prior to the sale or transfer of any Unencumbered Asset Pool Property, the applicable Borrower shall (i) deliver prior written notice to the Lead Administrative Agent and the Banks, (ii) deliver to the Lead Administrative Agent and the Banks a certificate from its Chief Financial Officer certifying that at the time of such sale or other disposal (based on pro-forma calculations for the previous period assuming that such Unencumbered Asset Pool Property was not an Unencumbered Asset Pool Property for the relevant period) all of the covenants contained in Sections 5.8 through 5.14 and 5.16 through 5.21 5.20 are and after giving effect to the transaction shall continue to be true and accurate in all respects, and (iii) pay to the Lead Administrative Agent an amount equal to that required pursuant to Section 2.10(b).

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Carramerica Realty Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.