Ownership, Management and Control Sample Clauses

Ownership, Management and Control. (a) The Urban Renewal Entity hereby represents that Xxxxxx X. Xxxxxxxxx is its managing member. (b) The Urban Renewal Entity hereby represents that it is the contract purchaser of the Property.

Ownership, Management and Control. (a) The Urban Renewal Entity hereby represents that Prism Green Urban Renewal IV, L.L.C., the sole member of which is Prism Green Associates IV, L.L.C., the signatory party to the Redevelopment Agreement, is its sole and managing member.

Ownership, Management and Control. The Entity is the contract purchaser of the Property and shall own the Property prior to commencement of construction of the Project, and except as permitted in Section 8.1(a) hereof, the Entity shall retain ownership of the Project at all

Ownership, Management and Control. (a) The Entity hereby represents that Xxxxx Xxxxxxxx, Xxxxxx Xxxxxxxx, Xxxx Xxxxx, and Xxxxxxxx Xxxxxxxx are each equal members of the Entity. (b) The Entity hereby represents that West Orange Office Executive Park (the “Owner”) is the current owner of the Property and that on or before the commencement of construction of any portion of the Project as set forth herein, it will be the fee title owner of the Land upon which that portion of the Project is to be constructed and which is the subject of this Agreement, however, this representation shall not apply to the Land upon which the Infrastructure is to be constructed. (c) The Township and the Entity each hereby expressly acknowledge and understand, respectively, that as of the date hereof (a) Entity is not the fee title owner of and shall acquire the 11 Property: (b) the Land set forth in this subsection (c) is not, as of the date hereof, subject to, nor governed by, the terms of this Agreement, and (c) upon the fee title acquisition of the Land set forth in this subsection (c), by the Entity, and the recordation of this Agreement and the Ordinance upon any such Land in accordance with Section 16.05 hereof, such Land, and any improvements related thereto shall be subject to and governed by the terms of this Agreement.

Ownership, Management and Control. The ownership of the Urban Renewal Entity is as set forth in the Assignee Application, including Exhibit G.1. The Urban Renewal Entity is controlled by DGP Edison LLC, which is co-managed by DREF III Edison LLC and XX Xxxxxx, LLC. The administrative member of DGP Edison LLC is Prism Venture VI LLC.

Ownership, Management and Control. The Entity represents that it is the contract purchaser of the Property and that it will be the owner of same prior to the commencement of construction of the Project. The Entity expressly covenants, warrants and represents that upon completion, the Project, including all Land and Improvements, shall be used, managed and operated for the purposes set forth in the Application and in accordance with the Redevelopment Plan and all Applicable Laws.

Ownership, Management and Control. (a) The Entity hereby represents that Xxxxx Xxxxxxxx, Xxxxxx Xxxxxxxx, Xxxx Xxxxx, and Xxxxxxxx Xxxxxxxx are each equal members of the Entity. (b) The Entity hereby represents that West Orange Office Executive Park (the (c) The Township and the Entity each hereby expressly acknowledge and understand, respectively, that as of the date hereof (a) Entity is not the fee title owner of and shall acquire the Property: (b) the Land set forth in this subsection (c) is not, as of the date hereof, subject to, nor governed by, the terms of this Agreement, and (c) upon the fee title acquisition of the Land set forth in this subsection (c), by the Entity, and the recordation of this Agreement and the Ordinance upon any such Land in accordance with Section 16.05 hereof, such Land, and any improvements related thereto shall be subject to and governed by the terms of this Agreement.

Ownership, Management and Control. (a) The Redeveloper hereby represents that Xxxxx X. Xxxxxx and MAK, LLC are its sole members, and the Redeveloper is managed by Xxxxx X. Xxxxxx, its Managing Member. (b) The Redeveloper hereby represents that it is under contract to be the fee title owner of the Property.

Ownership, Management and Control. (a) The Urban Renewal Entity hereby represents that PR II/GAR Linden Land LLC is its sole member. (b) The Urban Renewal Entity hereby represents that it is the fee title owner of the Property.

Ownership, Management and Control. Borrower agrees that the failure to comply with the following requirements for ownership, management and control shall, at the option of the Lender, constitute an Event of Default: (i) Trade Street Operating Partnership, LP shall, at all times, directly or indirectly, retain a minimum fifty-one percent (51%) ownership interest in Borrower, and, by virtue of such ownership interest, control and have the right to continue to control, the management of Borrower and the Secured Property; and (ii) Trade Street Residential, Inc. shall, at all times, directly or indirectly, retain a minimum fifty-one percent (51%) ownership interest in Trade Street Operating Partnership, LP.