Examples of Designated Transferee in a sentence
Only the Owners, or a duly Designated Transferee, are entitled to utilize said Mobility Fee Credits.
Prior to use of any of the Mobility Fee Credits described in this Contract, the Owners or a Designated Transferee shall file an application with the CMMSO for a Mobility Fee calculation for its development.
Upon request by the Owners or a Designated Transferee, the CMMSO shall confirm in writing the effectiveness of any transfer so made for the benefit and protection of the Designated Transferee.
The Mobility Fee Credits derived from the Roadway Improvement Credits pursuant to the Fair Share Contract and set forth in this Contract may be used, in whole or in part, by the Owners or a Designated Transferee in connection with any and all Mobility Fees, on a full dollar for dollar basis, assessed within the 2.5 mile radius area as shown in Exhibit “D”, until the full $3,836,335 in Mobility Fee Credits have been used in their entirety.
The Owners may transfer ownership of any of the Mobility Fee Credits received pursuant to this Contract by designating a Designated Transferee for a specified part of the Mobility Fee Credits which has not yet been used.