Individual Property Owner definition

Individual Property Owner means a natural person holding fee title individually or jointly in the person’s own name or a beneficiary of a trust that holds fee title. “Individual property owner” does not include any corporation or corporate person of any kind (partnership, LP, LLC, C corp, S corp, etc.) except for a community land trust (as defined by Revenue and Taxation Code Section 402.1(a)(11)(C)(ii)) or a qualified nonprofit corporation (as defined by Revenue and Taxation Code section 214.15).

Individual Property Owner means, (i) with respect to each Xxxxx Fargo Mortgage Loan Property, the Xxxxx Fargo Mortgage Loan Property Owner identified on Schedule I(b) hereto as having title to such Xxxxx Fargo Mortgage Loan Property, (ii) with respect to the CIGNA Boston Property, PIM Boston Borrower, (iii) with respect to the CIGNA Princeton Property, HH Princeton, and (iv) with respect to the CIGNA Nashville Property, (a) prior to the MS NP Refinance Date, HH Nashville and (b) from and after the MS NP Refinance Date, PIM Nashville Borrower.

Individual Property Owner means, (i) with respect to each Xxxxx Fargo Mortgage Loan Property, the Xxxxx Fargo Mortgage Loan Property Owner identified on Schedule I(b) hereto as having title to such Xxxxx Fargo Mortgage Loan Property, and (ii) with respect to each CIGNA Mortgage Loan Property, the CIGNA Mortgage Loan Property Owner identified on Schedule I(c) hereto as having title to such CIGNA Mortgage Loan Property.

Examples of Individual Property Owner in a sentence

• In the event Final Completion has not occurred pursuant to the terms of the Contract on or before Closing, funds will be withheld from Seller (or the aforesaid Individual Property Owner) in an amount equal to 125% of all monies reasonably estimated to be then due and owing under the Contract, which escrowed funds will be held by the Escrow Agent and will not be released by the Escrow Agent until such time as Final Completion has been achieved pursuant to the terms of the Contract.

• Borrower hereby expressly covenants with Lender not to permit or cause any Individual Property Owner to cancel, surrender, amend, modify or alter in any way the terms of any Ground Lease.

• Borrower will deposit, or will cause each Individual Property Owner to deposit with Lender an exact copy of any written notice received or given by such Individual Property Owner in any way relating to or affecting any Ground Lease which may concern or affect the estate of the related Ground Lessor or such Individual Property Owner thereunder in or under any Ground Lease or in the real estate thereby demised.

• Borrower will not permit or cause any Individual Property Owner to do or permit anything to be done, the doing of which, or refrain from doing anything, the omission of which, will impair or tend to impair the security of the Individual Property leased to such Individual Property Owner under any Ground Lease or will be grounds for declaring a forfeiture of any Ground Lease.

• Borrower will cause each Individual Property Owner to promptly (and in all events within two (2) Business Days) furnish to Lender copies of all information furnished to any Ground Lessor in accordance with the terms of the Ground Leases or the provisions of this Section 5.26.

• Borrower hereby acknowledges and agrees that if any Ground Lessor shall deliver to Lender a copy of any notice of default sent by such Ground Lessor to Individual Property Owner, as tenant under a Ground Lease (or to Operating Lessee, as subtenant thereunder), Lender shall be entitled (but not obligated) to take or omit to take any action in reliance thereon (and without any duty of inquiry) and in response to such notice.

• Office or DivisionCultural Properties Regulation DivisionClassification*** Highly TechnicalType of TransactionG2C - Government to Citizen, G2G - Government to GovernmentWho may availConcerned Citizens, Stakeholders, Government Entity,Other Individual, Property Owner, Organizations and InstitutionsCHECKLIST OF REQUIREMENTSWHERE TO SECURE 1.

• If Lender serves upon any Borrower or the Individual Property Owner the notice described in the preceding sentence, the applicable Borrower or Individual Property Owner shall not seek to reject such Ground Lease(s) and shall comply with the demand provided for in clause (i) of the preceding sentence within thirty (30) days after the notice has been given, subject to the performance by Lender of the covenant provided for in clause (ii) of the preceding sentence.

• Such charge, established in accordance with the criteria contained in Subsection 5.2 of these rules & regulations, shall be determined in accordance with the following formula: Q = R x (F ÷C) x P Q = Individual Property Owner Quarterly Use Charge R = BLRWPCA Sewer User RateF All users shall be charged for sewer service based upon the number of EDUs or fractions thereof based upon the schedule found in the Sewer Benefit Assessment Policy.

• The applicable Borrower shall promptly execute and deliver, or cause the applicable Individual Property Owner to promptly execute and deliver, to Lender any and all instruments reasonably required in connection with any such proceeding after reasonably timely request therefor by Lender.

More Definitions of Individual Property Owner

Individual Property Owner means a natural person holding fee title individually or jointly in the person’s own name or a beneficiary of a trust that holds fee title. This does not

Individual Property Owner means a natural person holding fee title individually