Headquarters Sale definition
Examples of Headquarters Sale in a sentence
Each of the Lenders hereby consents to the Headquarters Sale and Leaseback and hereby authorizes the Collateral Agent, pursuant to Section 3.04 of the Mortgage encumbering the Company's headquarters, to execute and deliver any documents and take all actions reasonably requested by the Company to release such Mortgage.
Matters Relating to Additional Real Property Collateral; Headquarters Sale..........
In the event that the Headquarters Sale has not closed and the proceeds therefrom shall not have been received by Borrower or a Subsidiary of Borrower within six (6) months after the Closing Date, the Real Property Asset described in the 121 definition of "Headquarters Sale" in subsection 1.1 of this Agreement shall be deemed to be an Additional Mortgaged Property and shall be subject to the provisions of subsection 6.10B hereof.
If there is a failure of this condition, Purchaser may (a) request an additional thirty (30) days from Seller to inable Purchaser to complete the Headquarters Sale and hence the purchase contemplated hereby; or (b) terminate this Agreement by written notice to Seller, and receive a reimbursement of the Deposit, and neither party shall have any further obligation or responsibility to the other.
The foregoing performance-based restricted stock unit terms are based on the assumption that (1) the Headquarters Sale closes as agreed-upon within the month of January 2025, and (2) following such closing but before the grant of such performance-based restricted stock units, the Company declares and pays to its stockholders a dividend of $1.50 per outstanding share.