Examples of Ancillary Property in a sentence
At the City’s request, such commitment and the title policies to be issued shall be bifurcated upon determination of the metes and bounds of the Ancillary Property as provided in Section 4.4 below.
Any further Security Services Transactions and Other Ancillary Property Services Transactions which may be entered into in the future are also expected to be on normal commercial terms, to be arrived at after negotiations on an arm’s length basis, and to be in the ordinary and usual course of business of the relevant members of the Group.
We submit that these limitations are inconsistent with the policy objectives of the REIT rules.Foreign Currency and Other Derivatives: See discussion below under heading 4.C – “QRP”.We believe that the concept of Ancillary Property, as currently drafted, adequately addresses the concerns raised herein and enables a REIT to effectively carry on its ordinary course rental activities.
Guardian and its third party fund manager have monthly service review meetings to discuss on-going issues and any proposed changes to services.
Similar to the discussion above respecting Ancillary Property, the incidental nature of ERP should be sufficient to preserve the integrity of the REIT rules.As an alternative, if Finance believes that the more stringent conditions should be maintained, we request that ERP be included in QRP so that a REIT does not have to rely on the Permitted NPP Basket to own ERP.