Examples of Closing Date Appraisal in a sentence
The Owner Participant shall be satisfied that the Facility shall be in the condition described in the Closing Date Appraisal.
No material adverse change shall have occurred with respect to (i) the financial condition, business assets or operation of Xxxxx City, since the date of Xxxxx City's last audited or unaudited financial statements provided to the Owner Participant or (ii) the Facility or the Facility Site since the date of the Closing Date Appraisal.
The Owner Participant shall have received the Closing Date Appraisal prepared by the Appraiser and an opinion from Xxxxx Xxxxxxxxxx LLP as to certain tax matters, in each case satisfactory in form and substance to the recipient.
The Closing Date Appraisal and such opinion shall each be addressed and delivered only to the Owner Participant.
Based upon the Closing Date Appraisal and the Closing Projections, the execution and delivery of the Operative Documents to which the Facility Lessee is a party and the granting of any Liens pursuant to such Operative Documents by the Facility Lessee will not render the Facility Lessee insolvent under GAAP or leave the Facility Lessee with assets whose present fair valuation is less than the present fair valuation of the Facility Lessee's debts.
The Owner Participant and the Equity Investor shall have received the Closing Date Appraisal prepared by the Appraiser addressed and delivered only to the Equity Investor and the Owner Participant and satisfactory in form and substance to the recipients.
The Acceptance Tests are sufficient to furnish to the Independent Appraiser information concerning such physical characteristics of the Satellite and Buyer’s Transponders as the Independent Appraiser reasonably indicates is necessary for the Independent Appraiser to complete the Closing Date Appraisal.
The Owner Participant and the OP Guarantor shall have received the Closing Date Appraisal prepared by the Appraiser addressed and delivered only to the Equity Investor and the Owner Participant and satisfactory in form and substance to the recipients.
Owner Participant acknowledges receipt of the Closing Date Appraisal.
No Lease Event of Default, Lease Indenture Event of Default, Event of Loss, Burdensome Buyout Event, or event that, with the passage of time or giving of notice or both, would constitute a Lease Event of Default, Lease Indenture Event of Default, an Event of Loss or Burdensome Buyout Event shall have occurred and be continuing and the Owner Participant shall be satisfied that the Facility shall be in the condition described in the Closing Date Appraisal.