Interest in Property. Interest in Property" means a purchase, lease, rental, option, exchange or other acquisition of 194 Property unless specifically excluded at lines 17-32 or 264-279 in additional provisions (lines 329-331) or elsewhere in this 195 Agreement.
Interest in Property i. The Subrecipient shall protect the Federal and State interest in any property investments supported by grant agreements. The Subrecipient shall not execute any transfer of title, lease, lien, pledge, mortgage, encumbrance, third-party contract, sub-agreement, grant anticipation note, alienation, innovative finance arrangement, or any other obligation pertaining to project property that in any way would affect the continuing state interest in project property.
ii. The Subrecipient shall protect the Federal and State interest in any real property investments supported by grant agreements. Such grant-supported real property, defined by 43 TAC §31.3 “Definitions,” shall be protected in accordance with 43 TAC §31.55. If required by the State, the Subrecipient shall secure a deed of trust in favor of the department on any real property acquisitions or improvements supported by grant funding.
iii. The Subrecipient shall record the Federal and State security interest as a lien on the certificate of title of the vehicle at the time of purchase in accordance with the Transportation Code, Title 7, Subtitle A, Chapter 501, Certificate of Title Act and 43 TAC §31.55.
Interest in Property. Section 8B of the Humboldt County Xxxxxxxxxx Act Guidelines states that “all parties having any interest in any real property included in the contract which could ripen into a fee interest or be exercised in a manner inconsistent with the purpose of the preserve, such as a security interest, shall be required to join in the execution of the proposed contract before such contract is executed by the Board of Supervisors”. The following parties have a security interest in the real property included in this contract which could ripen into a fee interest:
Interest in Property. Section 5.2 of the Agreement shall be deleted in its entirety and replaced with the following:
Interest in Property. Except as provided below, the beneficial interest of each party in Joint Venture property, unless changed pursuant to the terms of this Agreement, shall be as follows: Fifty percent (50%) Roy’s and Fifty percent (50%) Outback.
Interest in Property. Except with respect to Mortgage Loans set forth on Exhibit 20, each Mortgage encumbers a fee simple interest in the Mortgaged Property.
Interest in Property. Operator represents and warrants that as of the Effective Date, Operator has an enforceable legal interest in the Property and that all persons holding legal or equitable interest in the Property have consented to this Agreement.
Interest in Property. Developer represents and warrants that as of the Effective Date, Developer has an enforceable legal interest in the Property and that all persons holding legal or equitable interest in the Property have consented to this Agreement.
Interest in Property. The beneficial interest of each Party in such property, unless changed pursuant to the terms of this Agreement or in a writing signed by the Parties, shall be in proportion to such Party’s respective contribution percentage, as stated in Section 2.
Interest in Property. Owner represents and warrants that, as of the date of execution of this Agreement, Owner owns the fee simple interest in the respective portions of the Property as identified in the Exhibits.
