NFR Property definition

NFR Property means, collectively, the real and personal property sold and conveyed by the Partnership to NFR Purchaser pursuant to the NFR Purchase and Sale Agreement.
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Examples of NFR Property in a sentence

  • On the Amendment Effective Date and pursuant to the NFR Purchase and Sale Agreement, the Partnership has sold and conveyed the NFR Property to the NFR Purchaser.

  • Subject to Section 10 and this Section 20, the Special General Partner may not assign or transfer in whole or in part (or collaterally assign, encumber, ▇▇▇▇▇ ▇ ▇▇▇▇ or security interest in) its special general partner interest in the Partnership, except to (i) the transferee of all of the NFR Property, or (ii) a Permitted Lender following foreclosure of such Permitted Lender’s mortgage lien and security interests (or its receipt of a deed in lieu of foreclosure).

  • As a condition precedent to the sale and conveyance of the NFR Property to the NFR Purchaser pursuant to the NFR Purchase and Sale Agreement, the Original Independent Member shall be substituted by a Person designated by the Special General Partner in its sole discretion.

  • The Independent Member may not assign, transfer, collaterally assign, encumber, create any lien or security interest on, or otherwise dispose in any manner whatsoever any of its rights in the Company (including, without limitation, its limited liability company interest in the Company), except to (i) a transferee of all of the NFR Property, or (ii) a Permitted Lender following foreclosure of such Permitted Lender’s mortgage lien and security interests (or its receipt of a deed in lieu of foreclosure).