Stillwater Property Sample Clauses

Stillwater Property. Notwithstanding anything contained herein to the contrary, with respect to the development of the second phase of the Stillwater Property and each of the Capital Calls pursuant to Section 3.4(d) related thereto, Campus Crest shall contribute for each Capital Call, in addition to its Required Amount, an additional amount (each such time, the “Excess Contribution Amount”) equal to the product of $900,000 multiplied by a fraction, the numerator of which is the HSRE Required Amount for such Capital Call that HSRE would contribute but for this Section 3.4(f) and the denominator of which is the total Capital Contributions required to be made by HSRE for the development of the second phase of the Stillwater Property; provided, however, that the aggregate amount of additional capital contributions by Campus Crest under this Section 3.4(f) shall not exceed $900,000. The Excess Contribution Amount shall (i) be credited to HSRE’s Capital Account as if HSRE had contributed such Excess Contribution Amount to the Company and (ii) otherwise reduce the amount of HSRE’s Required Amount for each such Capital Call for the Stillwater Property by the amount of such Excess Contribution Amount made by Campus Crest. Notwithstanding the foregoing, the aggregate amount of additional capital contributions by Campus Crest under this Section 3.4(f) shall not be included in the calculation of distributions to Members pursuant to Section 4.1 hereof in the event that the Stillwater Property is subject to a transaction between the Members pursuant to which one Member sells or purchases all of its interest in the Stillwater Property to the other Member or part of a transaction pursuant to the buy-sell provisions of Article 9 hereof.
Sample 1
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Stillwater Property. The student housing property located in Stillwater, Oklahoma to be known as “The Grove at Stillwater”.
Sample 1

Related to Stillwater Property

  • Other Properties If any Imposition shall be levied, charged, filed, assessed, or imposed upon or against the Leased Property, and if such Imposition shall also be a levy, charge, assessment, or imposition upon or for any other real or personal property that does not constitute a part of the Leased Property, then the computation of the amounts to be deposited under this Section 4.6 shall be based upon the entire amount of such Imposition and the Lessee shall not have the right to apportion any deposit with respect to such Imposition.

  • Title to Partnership Property All property owned by the Partnership shall be deemed to be owned by the Partnership as an entity, and no Partner, individually, shall have any ownership interest in any such property. Title to Partnership property may be held in street name or another sort of nominee arrangement if the General Partner determines that such arrangement is in the Partnership's best interest.

  • Employer Property Executive acknowledges that all originals and copies of materials, records and documents generated by him or coming into his possession during his employment by the Employer are the sole property of the Employer (“Employer Property”). During his employment, and at all times thereafter, Executive shall not remove, or cause to be removed, from the premises of the Employer, copies of any record, file, memorandum, document, computer related information or equipment, or any other item relating to the business of the Employer, except in furtherance of his duties under this Agreement. When Executive terminates his employment with the Employer, or upon request of the Employer at any time, Executive shall promptly deliver to the Employer all originals and copies of Employer Property in his possession or control and shall not retain any originals or copies in any form.

  • Partnership Property All property, real, personal, tangible, intangible, or mixed, acquired by or contributed to the Partnership shall be owned by the Partnership and titled in its name and such property shall not be owned individually by any Partner. Each Partner acknowledges and agrees that the System and all elements thereof, are the exclusive property of the Company and are not Partnership property. Each Partner acknowledges and agrees that the Proprietary Marks are the exclusive property of the Company and are not Partnership property. Each Partner acknowledges and agrees that the Partnership shall not acquire or own any land or buildings. Any land or buildings used in the Partnership business shall be acquired and owned by the Company or an Affiliate of the Company and leased to the Partnership at reasonable rates and terms, and such land and buildings shall not be Partnership property.

  • Property The word "Property" means all of Grantor's right, title and interest in and to all the Property as described in the "Collateral Description" section of this Agreement.

  • Real Properties The Company does not have an interest in any real property, except for the Leases (as defined below).

  • Cooperative Property The real property and improvements owned by the Cooperative Corporation, that includes the allocation of individual dwelling units to the holders of the Cooperative Shares of the Cooperative Corporation.

  • Property or Properties As the context requires, any, or all, respectively, of the Real Property acquired by the Company, either directly or indirectly (whether through joint venture arrangements or other partnership or investment interests).

  • Real Property; Personal Property (a) Neither the Company nor any of its Subsidiaries owns any real property.

  • Owned Property Section 5.14

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