Tranche 2 Properties definition

Tranche 2 Properties means 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 2 Properties means Nazareth Classic Care
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Examples of Tranche 2 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 2 PSAs concurrently close on the purchase and sale of each of the Tranche 2 Properties pursuant to the terms and conditions of the Tranche 2 Property PSAs.

  • Upon such assignment from Xxxxxxx Assignee to Subtenant Assignee, Subtenant Assignee shall have no obligation to reimburse Xxxxxxx Assignee for any of its diligence costs or expenses, including legal fees, incurred in connection with Xxxxxxx Assignee’s pursuit of the Tranche 2 Properties).

  • Buyer shall pay to Sellers, by depositing with Escrowholder, in cash or other immediately payable funds, the Tranche 2 Purchase Price at the Tranche 2 Closing, less the Tranche 2 Xxxxxxx Money (plus the accrued interest thereon) held by Escrowholder, plus costs to be paid by Buyer for such Tranche 2 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 2 Properties.

  • As was agreed at the time of the announcement of the Acquisition in September 2015, 16 Grosvenor Street was part of the Tranche 2 Properties and subject to a 50 per cent.

  • The sale, including profits realised, has reduced the consideration payable for the Tranche 2 Properties by £32.0 million to £201.7 million (£210.2 million including costs) and, in addition, has resulted in a net profit to the Group of £3 million.The Company is actively reviewing its existing portfolio to identify assets which do not meet its strategic and financial criteria.

  • The acquisition of the Tranche 2 Properties is due to complete on or around 1 March 2016 and requires total funding of approximately £210.2 million (including transaction costs).

  • The sale, including profits realised, has reduced the consideration payable for the Tranche 2 Properties by £32.0 million to£201.7 million (£210.2 million including costs).To date asset management efforts have largely been focused on letting of vacant space and lease renewals.

  • 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.

  • Accordingly, in connection with the potential Placing, Redefine Properties has irrevocably agreed to subscribe for such number of Placing Shares at the Placing Price as equals an aggregate subscription amount of up to £70.0 million.The Company would seek to raise a minimum aggregate additional amount of £30.0 million from other Placees in order to raise a minimum of £100.0 million (gross) through the Placing which would allow the Company to complete the acquisition of the Tranche 2 Properties.

  • The asset was part of the Tranche 2 Properties and subject to a 50 per cent.

Related to Tranche 2 Properties

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

  • Tranche 2 means the amount of [**] to be applied in payment of the third pre-delivery instalment due by the Borrower to the Builder under the Building Contract to be advanced by the Lenders on a Drawdown Date by way of their Contributions thereto;

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

  • 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.

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

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

  • Tranche 1 January 1, 2015 through December 31, 2015, which is allotted 25% of the Target Award,

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • 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.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • 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.

  • 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.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • 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.

  • Incremental Facilities has the meaning assigned to such term in Section 2.22(a).

  • 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.

  • Closing Date Mortgaged Property as defined in Section 3.1(h).

  • 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.

  • Second Tranche means the amount of the Financing allocated to the category entitled “Second Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

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

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

  • 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.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).