Acquisition of Additional Properties Sample Clauses

Acquisition of Additional Properties. Acquire any additional Property except (i) such Property as is necessary to or useful in the operation of such Borrower's Security Monitoring Business, provided such acquisitions shall be subject to the conditions and limitations set forth in this Loan Agreement, (ii) Funded Acquisitions and (iii) Non-Funded Acquisitions.

Acquisition of Additional Properties. Acquire any additional Property except, subject to the conditions and limitations set forth in this Loan Agreement, such Property as is necessary to or useful in the operation of its business.

Acquisition of Additional Properties. Acquire any additional Property except (i) such Property as is necessary to or useful in the operation of its business, provided such acquisitions shall be subject to the conditions and limitations set forth in this Loan Agreement, and (ii) acquisitions of Property as are permitted pursuant to Section 7.3 and Section 7.21.

Acquisition of Additional Properties. A. The Members anticipate expanding the business of the Company by acquiring one or more Additional Properties (through Additional Property Owner Entities) and causing the Additional Properties to be developed, redeveloped or refurbished. Either Member may identify potential Additional Properties for acquisition and development by the Company and shall notify the other Member of any such identification and provide the other Member with the opportunity to comment thereon. Cordish shall have the right and authority, subject to the provisions of Section 6.1.D applicable to Cordish pursuant to Section 6.2 hereof, to supervise and coordinate all aspects of the acquisition, financing, development and/or redevelopment of each Additional Property, shall keep Manager informed with respect to all such activity and shall have the duties and obligations set forth in Section 6.1.C and elsewhere in this Agreement with respect to the Additional Properties, to the extent applicable; PROVIDED, HOWEVER, that any such Additional Property may only be acquired by an Additional Property Owner Entity and only if (i) such Additional Property and the related Development Plan for such Additional Property has been approved by Cordish, (ii) all available environmental reports and similar reports for such Additional Property have been submitted to the Manager and the Manager has approved the environmental and similar condition of such Additional Property, (iii) the Manager determines that the acquisition of such Additional Properties would not impose additional liabilities or obligations on the Company (other than to the extent that such liabilities or obligations would remain liabilities and obligations solely of the applicable Additional Property Owner Entity) and (iv) the Manager determines that the acquisition of such Additional Properties would not adversely affect the continued qualification of Inland as a REIT and would not cause the imposition of additional taxes under the REIT Rules on Inland. B. Unless otherwise agreed by the Members in writing, each Additional Property shall be acquired by an Additional Property Owner Entity which shall be a single-purpose limited liability company similar in form and structure to the Owner Entity. Each Additional Property Owner Entity shall be owned solely by the Company. C. Unless otherwise agreed by the Members in writing, Cordish may utilize cash then held in the Operations Reserve to fund the costs relating to any Additional Property i...

Acquisition of Additional Properties. Acquire any additional Property except such Property as is necessary to or useful in the operation of its business and Subsequent Acquisitions, provided that all such acquisitions shall be subject to the conditions and limitations set forth in this Loan Agreement.

Acquisition of Additional Properties. For the two-year period from and after the date of this Agreement (the “Acquisition Period”), the Company shall seek to acquire additional properties from third parties which are not Affiliates (as defined in Section 16.13) of Inland or NYSTRS (individually, an “Additional Property”, and collectively, the “Additional Properties”) that meet the Investment Guidelines; provided, however, that the Acquisition Period may be extended for one additional one-year period by written agreement of the Members. At the end of the Acquisition Period, the Company shall cease to acquire Additional Properties; provided, however, that it shall complete any transactions to acquire Additional Properties for which it has become contractually bound during the Acquisition Period. Evaluation Materials. The Manager will use commercially reasonable efforts to identify Additional Properties that meet the Investment Guidelines. Should the Manager negotiate a reasonably detailed non-binding letter of intent on behalf of the Company to purchase an Additional Property that meets the Investment Guidelines, the Manager will submit to the Executive Committee, a package of information, including, but not limited to: a description of the Additional Property, a rent roll, financial projections, market data (including rental and sales comparables); photographs; site plans; known environmental and physical issues, competitive submarket survey, financing plan; due diligence budget, the amount of the Additional Capital Contributions (as defined herein) which will be required to be made by the Members in connection with the acquisition of the Additional Property, and such other information as the Manager determines to be necessary (or as either Member may reasonably request) in connection with the evaluation of the Additional Property (collectively, the “Evaluation Materials”) in order to permit the Executive Committee to evaluate the proposed acquisition. Any such letter of intent shall expressly state that the parties shall not be bound until a mutually satisfactory purchase contract has been entered into between the Company and the seller of the Additional Property.

Acquisition of Additional Properties. Enter into an agreement with respect to a proposed Acquisition unless such agreement provides that the only remedy against the Borrower entering into such agreement in the event of default by CBC thereunder is liquidated damages in an amount not to exceed 10% of the purchase price, or acquire any additional Property except (i) such Property as necessary to or useful in the operation of its business, provided such acquisitions shall be subject to the conditions and limitations set forth in this Loan Agreement and (ii) such acquisitions of Property as are permitted pursuant to Section 7.3 or 7.9.

Acquisition of Additional Properties. A. The Members anticipate expanding the business of the Company by acquiring one or more Additional Properties (through Additional Property Owner Entities) and causing the Additional Properties to be developed, redeveloped or refurbished. Either Member may identify potential Additional Properties for acquisition and development by the Company and shall notify the other Member of any such identification and provide the other Member with the opportunity to comment thereon. Cordish shall have the right and authority, subject to the provisions of Section 6.

Acquisition of Additional Properties. During the Investment Period, the Partnership shall seek to acquire additional Properties from non-Affiliate third parties. The Partnership may consider for acquisition Properties that meet the Investment Guidelines in the Investment Area (each, a “Qualified Property”) and Properties that are not Qualified Properties (each, a “non-Qualified Property”). Title to any additional Property acquired by the Partnership (each, if acquired by the Partnership, an “Additional Property”) shall be held as described in Section 7.1(f). Provided that the Exclusive Acquisition Right described in Section 7.1(b) has not terminated as provided therein, Inland will use commercially reasonable efforts to identify Qualified Properties, and may, in its sole discretion, propose the acquisition of a non-Qualified Property.