Tenants in Common. Each owner obtains a certain undivided percentage interest in the property (the interests may be split in equal or unequal portions, for example: two owners may have a 50/50% split, or 60/40%, or 90/10%, etc.). Unlike a joint tenancy, tenants in common do not have reciprocal rights of survivorship. If a tenant in common dies, his or her interest will pass according to the terms of his or her Last Will and Testament, or under the laws of intestate succession if he/she dies without a Will. Unless otherwise set forth, a tenancy in common is presumed to create equal undivided interests. Purchasers may indicate a different breakdown as follows: Buyer #1 %; Buyer #2 %; Buyer #3 %; Buyer #4 %.
Tenants in Common. XXX − Optional designation of beneficiaries for individual joint owners with rights of survivorship or tenants by the entireties. (Please complete Transfer on Death Registration Form. You may download the form at xxx.xxxxxxxxxxxxxxxxxxxxxxxx.xxx) Uniform Gift/Transfer to Minors (UGMA/UTMA) Under the UGMA/UTMA of the State of Pension Plan or other ‘‘benefit plan investor’’ (as defined in Section 3(42) of ERISA) Trust Corporation or Partnership
Tenants in Common. Upon the recording of such notice, the Unit Owners shall be deemed to be tenants in common in the Agency Space and the Board shall cause an appraisal to be made by a disinterested appraiser of recognized competence in the valuation of property of the nature and in the locality in which the Facility is situated, which appraisal shall set forth an opinion as to the value of the Agency Space as it then exists, together with an opinion of any incremental value, if any, which would accrue if the Agency Space were razed.
Tenants in Common. In this instance, it is the express intention of the (joint) Account holders to create an account or estate as tenants-in-common; the percentage of ownership of each Account holder shall be as indicated on the Account Opening Application Form(s); any taxes, costs or expenses payable as a result of the death of an Account holder shall, so far as possible, be deducted from the interest of the estate of the deceased Account holder; this provision shall not release the deceased Account holder’s estate from the liabilities that are provided for hereinafter; unless expressly stated otherwise on the Account Opening Application Form(s), each (joint) Account holder shall be deemed to have an equal share in the (joint) Account. If an Account is jointly held by more than one Account holder, each Account holder individually shall have the authority:
Tenants in Common. It is the intent of the Parties that each New Common Facilities Owner shall be treated as the owner of the New Common Facilities to the extent of its Composite Component Ownership Interest, and that the Parties shall not be treated as partners, for federal, state or local income tax purposes. Each Party agrees and covenants that it shall not take or omit to take any action or reporting position with any Governmental Authority contrary to this Section 7.1. Furthermore, each Party agrees that to the extent permitted by Section 761 of the Code and the Treasury Regulations thereunder, it will, in a timely manner, cooperate in ERGS SC’s filing of the election provided for in Section 1.761-2(b) of the Treasury Regulations to elect out of the provisions of Subchapter K of the Code.
Tenants in Common under Uniform (Minor) Transfers to Minors Act ................... (State) XXX - transfer on death direction in event owner's death, to person named on face and subject to XXX rules referenced Additional abbreviations may also be used though not in the above list. FOR VALUE RECEIVED, the undersigned hereby sell, assign and transfer unto: ______________________________________________________________________________ (Please insert Social Security or other identifying number of assignee) ____________________________________ ____________________________________ ____________________________________ ____________________________________ (PLEASE PRINT OR TYPE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) Preferred Securities represented by the within Certificate, and do(es) hereby irrevocably constitute and appoint _______________________ attorney to transfer the said Preferred Securities on the books of the within-named Trust with full power of substitution in the premises. Dated:___________________ Signature: _____________________________ NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER. SIGNATURE(S) GUARANTEED: ______________________________________________________________________________ THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED MEDALLION SIGNATURE GUARANTEE PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15. EXHIBIT E FORM OF CERTIFICATE OF AUTHENTICATION CERTIFICATE OF AUTHENTICATION This is one of the ____% Cumulative Trust Preferred Securities referred to in the within-mentioned Amended and Restated Trust Agreement. Dated: WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Property Trustee By: _____________________________ Authorized Signatory
Tenants in Common. (a) The Joint Venture Assets will be beneficially owned by the Participants as tenants in common in proportion to their respective Joint Venture Interests, notwithstanding that the legal title may be held by one or some only of the Participants or the Manager.
Tenants in Common. (a) The TIC Agreement is in full force and effect, there are no defaults or violations of any party thereunder and Borrower has delivered a true and accurate copy of the TIC Agreement to Lender.
Tenants in Common. (a) Each Borrower shall timely perform all of its obligations under the TIC Agreement. Borrower shall give prompt written notice to Lender of any default under the TIC Agreement.
Tenants in Common. It is the express intention of the Account Holders to create an account or estate as tenants-in-common. The percentage of ownership of each Account Holder shall be as indicated below. Any taxes, costs or expenses payable as a result of the death of an Account Holder shall, so far as possible, be deducted from the interest of the estate of such deceased Account Holder. This provision shall not release any deceased Account Xxxxxx’s estate from the liability provided in Section 5. Existing Account Holder: % interest Additional Account Holder 1: Name % interest. Additional Account Holder 2: Name % interest. Additional Account Holder 3: Name % interest.
