Examples of Property Companies in a sentence
The Issuer shall not, and shall ensure that no Property Company will, sell or otherwise dispose of any shares in the Property Companies or of the Properties.
The Issuer shall procure that the Property Companies do not grant any security over the Properties, other than the Property Pledge Agreement.
The Issuer must ensure that at all times it legally and beneficially owns and controls the entire share capital of each Property Company and with respect to the Partly Owned Companies at least the share capital specified in Schedule 1 (The Property Companies and the Properties) of the Intercreditor Agreement, other than as a result of a permitted disposal as set out in Clause11.4 (Disposals).
The Issuer shall procure that the Property Companies shall not incur any Financial Indebtedness, other than Permitted Financial Indebtedness.
Payments from the Lessees The Issuer shall on behalf of each Property Company quarterly provide satisfactory documentation to the Bond Trustee evidencing, that all payments from each Lessee to the Property Companies under the Lease Agreements are paid on time.