Examples of Retained Indebtedness in a sentence
The lender of each of the Retained Indebtedness that is retained after the Closing shall have released each of the RLJ REITs and each Affiliate of the RLJ REITs that will not be an Affiliate of the Buyer Parties after the Closing (to the extent applicable) from any non-recourse carve-out guaranty obligations with respect to the Retained Indebtedness retained after the Closing.
The Person listed on Exhibit E as the lender on the Retained Indebtedness shall have consented to the retention of the applicable Retained Indebtedness materially on the terms set forth on Exhibit E.
The term Indebtedness as used in this Section 2.13 and in the defined terms used within this Section 2.13, shall not include the Retained Indebtedness.
All Encumbrances on the Assets or the Business relating to the Retained Indebtedness shall have been terminated or otherwise released in a manner reasonably acceptable to Buyer.
At least three (3) Business Days prior to the Closing Date, based on the Indebtedness of the Company as set forth in final Section 4.4(c) of the Seller Disclosure Letter, Buyer shall notify Seller regarding which Indebtedness of the Company constitutes Retained Indebtedness.