Property Contribution Sample Clauses

Property Contribution. In consideration for (i) the issuance of the Preferred Interest to the Owners, (ii) the making by Cedar of the Owners Loan, and (iii) the contribution by Cedar of the Initial Capital Amount to the Partnership, Owners shall contribute to the Partnership (a) their fee interest in certain real property located at 1100, 1300 and 1400 South Christopher Columbus Boulevard, Philadelphia, Pennsylvanix xxx 0000 Xxxxx Xxxxx Xxxxxx, Philadelphia, Pennsylvania (also collectivexx xxxxx xx Xxxxxxxxx Xxxxxxxx Xxxxxx) xxx xx xxxx particularly described on EXHIBIT B annexed hereto together with all improvements located thereon, subject only to the Permitted Exceptions (the "Fee Property") and (b) their right, title and interest in (A) that certain Lease dated October 16, 1991 by and between Interstate Land Management Corporation ("Interstate") and Commons, as amended by that certain First Amendment to Lease dated June 24, 1992 (as so amended, "Parking Lease I"), with respect to the premises particularly described on EXHIBIT B-1 annexed hereto, (B) that certain Lease dated June 24, 1992 by and between Interstate and Commons, as amended by that certain First Amendment to Lease dated February 10, 1993 (as so amended, "Parking Lease II"), with respect to the premises particularly described on EXHIBIT B-2 annexed hereto (the leased property described on EXHIBIT B-1 and EXHIBIT B-2 together with all improvements located thereon, collectively, the "Leasehold Property"), (C) the Personal Property (as that term is hereinafter defined), (D) the Leases (as that term is hereinafter defined), (E) all easements and rights appurtenant to the Fee Property and/or the Leasehold Property, if any, (F) to the extent assignable, the Permits (as that term is hereinafter defined), other than that certain liquor license, LID No. 47678 owned by Reed (the "Liquor License"), (G) and all Records and Plans (as that xxxx is hereinafter defined) in the Owners' possession or control. The Fee Property, together with the foregoing items (A) through (G), are hereinafter referred to collectively as, the "Property".
Sample 1
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Property Contribution. The Districts shall contribute the following portions of the Reservoir Property toward the Lake Concession: A. 34.39-acre area of filled lakebed known as the “Flats” described in Exhibit 1 and depicted in Exhibit 2.
Sample 1
Property Contribution. (a) 100% of the ownership interests in and to the Licensed Marks shall have been contributed to J. Crew Domestic Brand, LLC (the “IP Assignment”) in accordance with the terms of the IP Assignment Agreements prior to, or contemporaneously with, the occurrence of the Closing hereunder. (b) the Licensed Marks constitute all United States federal registered trademark intellectual property of J. Crew Group, Inc. and its Subsidiaries (other than Xxxxxxxx Inc. and its Subsidiaries and any foreign-registered intellectual property) as of the date of the 2016 IP Assignment Agreements.
Sample 1
Property Contribution. City and Property Owner acknowledge and agree that (a) the gross square footage of the enclosed areas of the building(s) intended for occupancy and for which building permits or certificates of occupancy (as applicable) have been issued as of the Effective Date, as determined pursuant to Section 3.2, is 492,726, as reflected in City records, and (b) accordingly, the total annual contribution amount attributable to the Property pursuant to the Contribution Formula is Forty-Nine Thousand Two Hundred Seventy-Two and 60/100 Dollars ($49,272.60), payable in twenty (20) equal annual installments, totaling Nine Hundred Eighty-Five Thousand Four Hundred Fifty-Two Dollars ($985,452.00) (the “Contribution”).
Sample 1
Property Contribution. The County shall contribute the following portions of the County’s Property toward the Lake Concession:
Sample 1
Property Contribution. In addition to the contributions required of Linpro by Sections 5.1 and 5.2 hereof, Linpro as the owner of the fee simple title to the Property, shall simultaneously with the execution and delivery of this Agreement, contribute the following ("Contributed Property") to the capital of the partnership: (a) The Property, together with so much of the Improvements as have been constructed, (b) All other Improvements situated on the Property, (c) All construction and contracts, rights, leases, agreements and deposits pertaining to, incidental to or relating to the Property, if any, including any and all rights, titles and interests in and to any reports, site and other plans, studies, policies, surveys, maps, bonds, commitments, plans and specifications, drawings and any and all other items or material of any kind pertaining to, incidental to or related to the Property, if any (including the C&P Lease and the Omni Construction Contract). The contribution of the Contributed Property by Linpro to the capital of the Partnership shall be by a special warranty deed, xxxx of sale, assignment and such other documents as are reasonably necessary to convey the Contributed Property, as set forth above, each in a form mutually acceptable to counsel for Linpro and counsel for PCI. The property shall be contributed subject to (1) a Deed of Trust and other documents securing a loan made by Bank of New England, N.A. having an outstanding principal balance of $2,100,000 (the "BNE Loan") which BNE Loan shall have, immediately prior to the contribution of the Contributed Property, been assigned by BNE to the Construction Lender and (2) the obligations of landlord under the C&P Lease. All items of income and expense relating to the Contributed Property shall be prorated as of the date of contribution between Linpro and the Partnership. The Partners agree that the gross fair market value of the Contributed Property on the date hereof is one hundred dollars ($100.00) in excess of the gross amount of the obligations and liabilities to which the Contributed Property is subject. Accordingly, the Partners agree that Linpro shall receive a net credit to its capital account of one hundred dollars ($100.00) with respect to the contribution of the Contributed Property. The Partners hereby agree that the gross fair market value and the Property on the date hereof is equal to $2,100,100.
Sample 1
Property Contribution. As an Alternative Reorganization Step to the transactions described in Section 3.3.2, in the event that an Exchange Partnership shall have Non-Consenting Partners and MAALP and FDC shall reasonably determine that a Property Contribution is fully authorized and permitted and preferable to a Partial Partnership Interest Exchange, on the Closing Date upon satisfaction in full of each condition set forth in Articles 10 and 11 of this Agreement or waiver by the appropriate party of any such condition, for the consideration described in Part III of the Steps Memorandum and the Allocation Schedule, MAALP agrees to acquire from each such Exchange Partnership, and FDC agrees to cause each such Exchange Partnership to contribute, transfer and convey to MAALP, the Exchange Property owned thereby, by special or limited warranty deed in form and substance reasonably satisfactory to MAALP and BDBC, subject only to Permitted Exceptions.
Sample 1
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Property Contribution 
Sample 1

Related to Property Contribution

  • City Contribution The City agrees to maintain health and dental benefits at present levels for the life of the Agreement.

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • After Acquired Real Property If any Borrower or Guarantor hereafter acquires any Real Property, fixtures or any other property, then if such Real Property, fixtures or other property at any location (or series of adjacent, contiguous or related locations, and regardless of the number of parcels) has a fair market value in an amount equal to or greater than $3,000,000 (or if a Default or Event of Default exists, then regardless of the fair market value of such assets), without limiting any other rights of Agent or any Lender, or duties or obligations of any Borrower or Guarantor, promptly upon Agent’s request, such Borrower or Guarantor shall execute and deliver to Agent a mortgage, deed of trust or deed to secure debt, as Agent may determine, in form and substance satisfactory to Agent and as to any provisions relating to specific state laws satisfactory to Agent and in form appropriate for recording in the real estate records of the jurisdiction in which such Real Property or other property is located granting to Agent a first and only lien and mortgage on and security interest in such Real Property, fixtures or other property (except as such Borrower or Guarantor would otherwise be permitted to incur hereunder or under its Guaranty, as applicable, or as otherwise consented to in writing by Agent ) and such other agreements, documents and instruments as Agent may reasonable require in connection therewith. Notwithstanding any provisions to the contrary herein, no Borrower or Guarantor shall be required to deliver to Agent a mortgage, deed of trust or deed to secure debt if the Real Property to be secured thereby is a leasehold interest, and the granting of such security interest is prohibited under the lease and the landlord has withheld its consent to such security interest. Except as provided in Section 9.8 hereof or if Agent’s prior written consent shall have been obtained, no Borrower shall grant to any Person other than Agent a lien on or security interest in the Real Property located on 000-000 00xx Xxxxxx, Xxxxxxxx, Xxx Xxxx.

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Initial Contribution of Trust Property; Organizational Expenses The Property Trustee acknowledges receipt in trust from the Depositor in connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. The Depositor shall pay organizational expenses of the Trust as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

  • The Contribution Prior to the Effective Time, and subject to the terms and conditions set forth in the Distribution Agreement, Grace intends to cause the transfer to a wholly owned subsidiary of Grace-Conn. ("Packco") of certain assets and liabilities of Grace and its subsidiaries predominantly related to the Packaging Business (the "Contribution"), as contemplated by the Distribution Agreement and the Other Agreements.

  • Qualified Property Applicant’s Qualified Property is described in Schedule 2.3, which is incorporated herein by reference. The Parties expressly agree that the location of the Qualified Property shall be within the Reinvestment Zone as set out in Schedule 2.1.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Defined Contribution Plans The Company does not maintain, contribute to or have any liability under (or with respect to) any employee plan which is a tax-qualified "defined contribution plan" (as defined in Section 3(34) of ERISA), whether or not terminated.

  • Right of Contribution Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder which has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the terms and conditions of Section 2.3. The provisions of this Section 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the Lenders, and each Guarantor shall remain liable to the Administrative Agent and the Lenders for the full amount guaranteed by such Guarantor hereunder.

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