Must Sell Price definition

Must Sell Price means, with respect to any Proposed Sale arranged by NAI pursuant to subparagraph 3(C), a cash price to BNPPLC equal to the Make Whole Amount, computed as of the Proposed Sale Date applicable to such Proposed Sale, plus all reimbursements or payments by BNPPLC to NAI that will be required by clause (4) of subparagraph 3(E) in connection with the Proposed Sale.
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Must Sell Price means a price for the Property sufficient to generate sales proceeds that, when added to the reimbursement to Specialty Laboratories required of BNPPLC by clause (4) of subparagraph 3.(E) (i.e., that when added to the aggregate payments, if any, made by Specialty Laboratories to BNPPLC as a Supplemental Payment or as a 97-10/Prepayment), equal the Make Whole Amount. "Notice of Intent to Retain" shall have the meaning indicated in subparagraph 3.(C).
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Examples of Must Sell Price in a sentence

  • If the Property is not sold to NAI or an Applicable Purchaser on the Designated Sale Date pursuant to this Agreement, NAI will have the right (“NAI’s Extended Remarketing Right”) during the Extended Remarketing Period to arrange a sale of the Property to an Applicable Purchaser, other than an Affiliate of NAI, for a price equal to or in excess of the Must Sell Price (a “Proposed Sale”).

  • If the Property is not sold to LRC or an Applicable Purchaser on the Designated Sale Date pursuant to this Agreement, LRC will have the right (“LRC’s Extended Remarketing Right”) during the Extended Remarketing Period to arrange a sale of the Property to an Applicable Purchaser, other than an Affiliate of LRC, for a price equal to or in excess of the Must Sell Price (a “Proposed Sale”).

  • Also, if the cash price to be paid to BNPPLC is less than the Must Sell Price or the Proposed Sale Date is more than ninety days after the Designated Sale Date, both Specialty Laboratories and the Applicable Purchaser must execute and acknowledge a Grant of Repurchase Option and Restrictive Covenants Agreement in the form attached as Exhibit E for delivery with the other Sale Closing Documents upon the consummation of the sale.