Tranche 1 Properties definition

Tranche 1 Properties means Nazareth Classic Care Menlo Park in Menlo Park, California, Nazareth Classic Care Fairfield in Fairfield, California, Nazareth Park Place Sacramento in Sacramento, California and Nazareth Vista in Belmont, California; (ii) “Tranche 2 Properties” shall mean Nazareth Classic Care
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Tranche 1 Properties means Nazareth Classic Care Menlo Park in Menlo Park, California, Nazareth Classic Care Fairfield in Fairfield, California, Nazareth Park Place Sacramento in Sacramento, California and Nazareth Vista in Belmont, California; (ii) “Tranche 2 Properties” shall mean Nazareth Classic Care Napa in Napa, California, Nazareth Agua Caliente Retirement Community in Sonoma, California and Nazareth Rose Garden of Napa in Napa, California; (iii) “Tranche 1 Property PSAs” shall mean Other Property Purchase Agreements with respect to the Tranche 1 Properties; (iv) “Tranche 2 Property PSAs” shall mean Other Property Purchase Agreements with respect to the Tranche 2 Properties; (v) “Tranche 1 Closing Date” shall mean June 28, 2017; and (vi) “Tranche 2 Closing Date” shall mean the Closing Date for the Tranche 2 Properties shall mean December 29, 2017, or such earlier date designated by Xxxxxxx Assignee (or if Xxxxxxx Assignee has elected not to proceed with the closing of the Tranche 2 Properties as permitted herein, by Subtenant Assignee) by written notice delivered to Seller, which earlier date shall be no less than ten (10) business days following the date on which such notice is received.
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Tranche 1 Properties. As defined in the preamble of this Agreement.
Sample 1

Examples of Tranche 1 Properties in a sentence

  • Section 9.1.17 of the Agreement is hereby amended to state that the obligation of Buyer to purchase the Property pursuant to the Agreement shall, at the option of Buyer, be subject to the fulfillment of the condition that Buyer and the Other Sellers under only the Tranche 1 PSAs concurrently close on the purchase and sale of each of the Tranche 1 Properties pursuant to the terms and conditions of the Tranche 1 Property PSAs.

  • Buyer shall pay to Sellers, by depositing with Escrowholder, in cash or other immediately payable funds, the Tranche 1 Purchase Price at the Tranche 1 Closing (as hereinafter defined), less the Tranche 1 Xxxxxxx Money (plus the accrued interest thereon) held by Escrowholder, plus costs to be paid by Buyer for such Tranche 1 Properties pursuant to Section 7.4 hereof, and plus or minus prorations and adjustments shown on the Closing Statements executed by Buyer and Sellers for such Tranche 1 Properties.

  • In 1999, the Buyer and the Guarantor were granted an option to acquire the Tranche 1 Properties by New Meditrust-LLC.

  • As part of the consideration paid by the Buyer and the Guarantor for the Tranche 1 Properties, the Buyer and Guarantor executed and delivered to New Meditrust-LLC a Promissory Note, dated as of December 30, 1999, in the original principal amount of SEVEN MILLION EIGHT HUNDRED ELEVEN THOUSAND FIFTY-FOUR DOLLARS ($7,811,054) made by the Buyer and the Guarantor to the order of New Meditrust-LLC (the "Promissory Note").

  • Notwithstanding the foregoing, to the extent that any of the items to be delivered to the Company pursuant to Section 11.01 relate to Tranche 2 Properties or Tranche 3 Properties (and do not relate to Tranche 1 Properties) such items, documents or information shall not be required to be delivered by the Company at the Tranche 1 Closing and shall instead be delivered by the Company at the Closing to which such items, documents or information relate.

  • Without limiting the foregoing, it is acknowledged and agreed that the Lease Termination Documents shall be in materially the same form as the lease termination documents entered into between various Balanced Care Entities and the Seller in connection with the sale of the Tranche 1 Properties.

  • Without limiting the foregoing, it is acknowledged and agreed that the Assignment and Assumption Documents shall be in materially the same form as the assignment and assumption documents entered into between various Balanced Care Entities and the Seller in connection with the sale of the Tranche 1 Properties.

  • The Shariah compliant Sub-Fund has appointed a Shariah Supervisory Committee and a Shariah Advisor for the management and implementation of the Shariah governance in accordance with the rules and principles of Islamic Shariah as interpreted by the Shariah Supervisory Committee.

  • Without limiting the foregoing, it is acknowledged and agreed that the Assignment and Assumption Documents shall be in materially the same form as the assignment and assumption documents entered into between various Balanced Care Entities and the Seller in connection with the sale of the Tranche 1 Properties).

  • The Parties acknowledge and agree that nothing in this Termination Letter affects any express surviving obligations or liabilities under the Purchase Agreements for the Tranche 1 Properties and the Tranche 1-B Properties.


More Definitions of Tranche 1 Properties

Tranche 1 Properties. As defined in the recitals of this Agreement.
Sample 1

Related to Tranche 1 Properties

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Borrowing Base Properties means the Oil and Gas Properties of the Credit Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 9.14.

  • Initial Properties means collectively the Properties listed on Schedule 1.1 and “Initial Property” means any of such Properties.

  • Real Properties means the real property owned by the Borrower or any of its Subsidiaries.

  • Unencumbered Properties means each Acceptable Property that either (a) is an Initial Unencumbered Property or (b) becomes an Unencumbered Property pursuant to Section 4.03, and “Unencumbered Property” means any one of the Unencumbered Properties.

  • Permitted Existing Investments means the Investments of the Company and its Subsidiaries identified as such on Schedule 1.1.2 to this Agreement.

  • Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.

  • Incremental Auction Revenue Rights means the additional Auction Revenue Rights, not previously feasible, created by the addition of Incremental Rights-Eligible Required Transmission Enhancements, Merchant Transmission Facilities, or of one or more Customer- Funded Upgrades.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Additional Properties means any oil and natural gas assets or related interests that are acquired by any member of the Partnership Group pursuant to an Acquisition.

  • Common Properties means and refer to those areas of land shown on any recorded subdivision plat of The Properties and intended to be devoted to the common use and enjoyment of the owners of The Properties.

  • Leased Properties have the meaning set forth in Section 3.16 herein.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Original Closing Date pursuant to Section 5.11(d) or pursuant to Section 5.11(d) of the Original Credit Agreement or the Prior Credit Agreement.

  • Available Commitment means a Lender’s Commitment minus:

  • Incremental Available Transfer Capability Revenue Rights means the rights to revenues that are derived from incremental Available Transfer Capability created by the addition of Merchant Transmission Facilities or of one of more Customer-Funded Upgrades.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • Other Properties shall have the meaning set forth in Section 9.1.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

  • Applicable Collateral Percentage with respect to any Firm Collateral or Special Firm Collateral, has the meaning set forth in the books and records of the Partnership with respect thereto.

  • Consolidated Total Tangible Assets means, as of any date, the Consolidated Total Assets as of such date, less all goodwill and intangible assets determined in accordance with GAAP included in such Consolidated Total Assets.

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • Owned Properties has the meaning set forth in Section 3.16.