Reductions to Exchange Property Credit Clause Samples

Reductions to Exchange Property Credit. The applicable Exchange Value and the Purchase Price payable under this Agreement shall be reduced from time to time by (a) the aggregate cash consideration paid by the Purchaser under any Exchange Contract, (b) any costs and expenses incurred by or on behalf of Purchaser in connection with any Exchange Parcel, (c) the amount of any claim or indemnity owing to the Purchaser by or at the direction of the Seller pursuant to this Agreement, (d) the amount of any consideration paid by the Purchaser to the Seller pursuant to this Agreement and (e) the costs and expenses incurred in good faith by or on behalf of the Purchaser in connection with the proposed acquisition of an Exchange Parcel, whether or not an Exchange Contract is executed in connection therewith and whether or not the proposed transaction is consummated.
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Reductions to Exchange Property Credit. The applicable Exchange -------------------------------------- Value and the Purchase Price payable under this Agreement shall be reduced from time to time by (a) the aggregate cash consideration paid by the Purchaser under any Exchange Contract, (b) any costs and expenses incurred by or on behalf of Purchaser in connection with any Exchange Parcel, (c) the amount of any claim or indemnity owing to the Purchaser by or at the direction of the Seller pursuant to this Agreement, (d) the amount of any consideration paid by the Purchaser to the Seller pursuant to this Agreement and (e) the costs and expenses incurred in good faith by or on behalf of the Purchaser in connection with the proposed acquisition of an Exchange Parcel, whether or not an Exchange Contract is executed in connection therewith and whether or not the proposed transaction is consummated.
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Related to Reductions to Exchange Property Credit

  • Additional Conditions to Revolving Loans If a Revolving Loan is requested, all conditions set forth in Section 2.1 shall have been satisfied.

  • Conditions to Initial Extension of Credit The agreement of each Lender to make the initial extension of credit requested to be made by it is subject to the satisfaction, prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent:

  • Additional Conditions to Letters of Credit If the issuance of a Letter of Credit is requested, all conditions set forth in Section 2.3 shall have been satisfied.

  • Provisions Related to Extended Revolving Credit Commitments If the maturity date in respect of any tranche of Revolving Credit Commitments occurs prior to the expiration of any Letter of Credit, then (i) if one or more other tranches of Revolving Credit Commitments in respect of which the maturity date shall not have occurred are then in effect, such Letters of Credit shall automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Credit Lenders to purchase participations therein and to make Revolving Credit Loans and payments in respect thereof pursuant to Section 2.03(d)) under (and ratably participated in by Lenders pursuant to) the Revolving Credit Commitments in respect of such non-terminating tranches up to an aggregate amount not to exceed the aggregate principal amount of the unutilized Revolving Credit Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause (i), the Borrower shall Cash Collateralize any such Letter of Credit in accordance with Section 2.17. If, for any reason, such Cash Collateral is not provided or the reallocation does not occur, the Revolving Credit Lenders under the maturing tranche shall continue to be responsible for their participating interests in the Letters of Credit. Except to the extent of reallocations of participations pursuant to clause (i) of the second preceding sentence, the occurrence of a maturity date with respect to a given tranche of Revolving Credit Commitments shall have no effect upon (and shall not diminish) the percentage participations of the Revolving Credit Lenders in any Letter of Credit issued before such maturity date. Commencing with the maturity date of any tranche of Revolving Credit Commitments, the sublimit for Letters of Credit shall be agreed with the Lenders under the extended tranches.

  • Conditions to Each Extension of Credit The agreement of each Lender to make any extension of credit requested to be made by it on any date (including its initial extension of credit) is subject to the satisfaction of the following conditions precedent: