Item 1.01 Entry into a Material Definitive Agreement.
Share Purchase Agreement
On
Pursuant to the Agreement, and subject to the terms and conditions contained therein, at the closing of the Acquisition, the Buyer will acquire, directly or indirectly through its subsidiaries, those interests in the specific Company's portfolio assets, and certain general partner and management rights relating to those portfolio assets.
The parties' obligations to consummate the Acquisition are subject to customary closing conditions, including regulatory approvals, filings and third-party consents (including Colony fund level consents). There is no financing condition to closing the Acquisition. The parties to the Agreement have each made customary representations and warranties and covenants in the Agreement.
Each of the Sellers and the Buyer may terminate the Agreement if (i) the parties
agree by mutual written consent to terminate the Agreement, (ii) any
governmental entity having competent jurisdiction has issued a final,
non-appealable order, decree, ruling or injunction (other than a temporary
restraining order) or taken any other action permanently restraining, enjoining
or otherwise prohibiting the transactions contemplated by the Agreement, (iii)
the closing has not occurred on or prior to
The Company expects to close the OED Portfolio Sale in the fourth quarter of 2021; however, there is no assurance that the transaction will close in the timeframe contemplated or on the terms anticipated, if at all.
The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, a copy of which is being filed as Exhibit 10.1 hereto and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 10.1 Purchase Agreement, datedJune 5, 2021 , betweenColony Capital Operating Company, LLC andCF Troy Holdings LLC . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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