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Contract analysis / snda-post-closing-carveout-side-letter.docx
snda-post-closing-carveout-side-letter.docx
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1. Each of the tenants listed above qualifies as a "Major Tenant" as defined in Section 1
1. Each of the tenants listed above qualifies as a "Major Tenant" as defined in Section 1.1 of the PSA, as each such tenant's ABR under its respective lease equals or exceeds $1,500,000 per annum.
2. All Outstanding SNDAs are to be delivered in the form of Exhibit F to the PSA, or in s
2. All Outstanding SNDAs are to be delivered in the form of Exhibit F to the PSA, or in such other form as may be reasonably acceptable to Buyer and the applicable lender.
3. The SNDA Holdback allocable to each Outstanding SNDA is $50,000 per Outstanding SNDA (
3. The SNDA Holdback allocable to each Outstanding SNDA is $50,000 per Outstanding SNDA (aggregate SNDA Holdback: $200,000).
4. The Loan Reference numbers set forth above correspond to the loan identification numbe
4. The Loan Reference numbers set forth above correspond to the loan identification numbers assigned by the applicable lenders to the mortgage loans encumbering the respective properties owned by the identified Target Entities, as reflected in the loan assumption applications and related documentation delivered in connection with the Closing. [End of Exhibit A] No. | Tenant Name | Property | Target Entity | Applicabl