Sale Purchase Price and Closing. 7 SECTION 2.1. Sale of the Assets..................................................................................7 SECTION 2.2. Purchase Price.....................................................................................10 SECTION 2.3. Deposit ................................................................................................11 SECTION 2.4. The Closing.........................................................................................11
Sale Purchase Price and Closing. 12 Section 2.1. Sale of Assets 12 Section 2.2. Purchase Price 16 Section 2.3. The Closing 16
Sale Purchase Price and Closing. 10 Section 2.1
Sale Purchase Price and Closing. 8 SECTION 2.1. Sale of Asset 8 SECTION 2.2. Purchase Price 10 SECTION 2.3. Xxxxxxx Money 11 SECTION 2.4. The Closing 12 ARTICLE III. STUDY PERIOD 12 SECTION 3.1. Study Period 12 SECTION 3.2. Title and Survey 14 SECTION 3.3. Environmental Audit 15 SECTION 3.4. Franchise 15 SECTION 3.5. Buyer Audit Requirements 17 SECTION 3.6. Buyer’s Due Diligence Reports 17 ARTICLE IV. REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE SELLER 18 SECTION 4.1. General Seller Representations and Warranties 18 SECTION 4.2. Representations and Warranties of the Seller as to the Asset 20 SECTION 4.3. Covenants of the Seller Prior to Closing 22 SECTION 4.4. Updating 24 ARTICLE V. REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE BUYER 25 SECTION 5.1. Formation; Existence 25 SECTION 5.2. Power; Authority 25 SECTION 5.3. No Consents 25 SECTION 5.4. No Conflicts 25 SECTION 5.5. Anti-Terrorism Laws 25 SECTION 5.6. Bankruptcy 26 SECTION 5.7. AS-IS, WHERE-IS 26 ARTICLE VI. CONDITIONS PRECEDENT TO CLOSING 27 SECTION 6.1. Conditions Precedent to the Seller’s Obligations 27 SECTION 6.2. Conditions to the Buyer’s Obligations 29
Sale Purchase Price and Closing. 14 SECTION 2.1. Sale of Acquired Interests and Intercompany Loans. 14 SECTION 2.2. Purchase Price 15 SECTION 2.3. The Closing 16 SECTION 2.4. Intercompany Loans 17 ARTICLE III REPRESENTATIONS, WARRANTIES AND COVENANTS OF SELLER 17 SECTION 3.1. General Seller Representations and Warranties 17 SECTION 3.2. Representations and Warranties of Seller as to the Acquired Entities 21 SECTION 3.3. Covenants of Seller Prior to Closing 26 SECTION 3.4. Tenant Estoppels 32 SECTION 3.5. Ground Lease 33 SECTION 3.6. REIT Status 34 SECTION 3.7. Financing Cooperation. 34 SECTION 3.8. BAR Requirements. 35
Sale Purchase Price and Closing. 5 Section 2.1 Sale of Asset. . . . . . . . . . . . . . . . . . . . . . 5 Section 2.2 Xxxxxxx Money. . . . . . . . . . . . . . . . . . . . . . 6 Section 2.3 The Closing . . . . . . . . . . . . . . . . . . . . . . 7 ARTICLE III . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Sale Purchase Price and Closing
