Initial Company Property definition

Initial Company Property means the Hotel and the Vacant Land to be acquired by the Company through Acquisition Vehicles on the Closing Date pursuant to the Purchase Agreement.
Sample 1
Initial Company Property means the rights of Operating Lessee on the Closing Date under the Operating Lease.
Sample 1
Initial Company Property means, collectively, the interest in the Loan and Loan Documents (as defined in the Purchase Agreement) to be acquired by the Company or an SPV on the Closing Date pursuant to the Purchase Agreement, including (without limitation) all rights and interests of the purchaser under the Purchase Agreement.
Sample 1

Examples of Initial Company Property in a sentence

  • The parties agree that no Member shall issue any press release or otherwise publicize or disclose the terms of this Agreement or the proposed terms of any acquisition of the Initial Company Property, without the consent of each of the other Members, except as such disclosure may be made in the course of normal reporting practices by any Member to its members, shareholders or partners or as otherwise required by law.

  • Operating Member’s and GAP’s respective estimated required Initial Capital Contributions, which are to be funded prior to the acquisition of the Initial Company Property, as well as the sources and uses for the closing, are described on Schedule A attached hereto.

  • In connection with the acquisition of the Initial Company Property on the Closing Date, the Members may elect to cause the Company, and, if necessary, one or more wholly owned subsidiaries of the Company, to form one or more Delaware limited liability companies or limited partnerships to take title to the Initial Company Property (each, a “Property Company” and collectively, “Property Companies”).

  • GAP, SRT and Operating Member desire to enter into this Agreement to, among other things, allocate rights and obligations with respect to the acquisition, management and ownership of the Initial Company Property.

  • The Company shall pay to DD-CTP on the Closing Date a transaction fee in an amount equal to 1.92% of the total purchase price of the Initial Company Property payable to Seller under the Purchase Agreement.

  • In no event will SRT be required to make an Initial Capital Contribution in cash to the Company; provided, as contemplated by the Purchase Agreement, the purchase price for the Initial Company Property shall be reduced by an amount equal to (i) the sum of the Contract and Due Diligence Costs and Member Negotiation Expenses for which the Members are entitled to reimbursement under Section 4.01(b) multiplied by (ii) SRT’s Percentage Interest.

  • For avoidance of doubt, SRT’s Percentage Interest is being acquired in exchange for the value of the Initial Company Property that is in excess of the purchase price being paid for the Initial Company Property by the Company.

  • For purposes hereof, “Investment Value” means, initially, with respect to each property included in the Initial Company Property, the appraised value of such property as of the Closing Date; provided, the Investment Value of each property shall be (i) reduced pro rata in connection with sales of portions of such properties and (ii) excluded upon the sale of such property.

  • If, either before or after the acquisition of the Initial Company Property, the Managing Member determines that the Initial Capital Contributions described on Schedule A do not accurately reflect the matters specified in the second sentence of this paragraph, then the Managing Member may readjust the Initial Capital Contributions required of each Member.

  • Whether the Company shall proceed with the transaction pursuant to the Purchase Agreement, including, but not limited to, whether it shall close the purchase of the Initial Company Property shall be determined by GAP in its sole discretion, and no Member or any Affiliate thereof shall have any claim against the Company or any other Member or Affiliate of a Member or GAP by reason of such determination.


More Definitions of Initial Company Property

Initial Company Property means all fee simple and leasehold real property situated at Kaupulehu, North Kona, Big Island, Hawaii, owned as of the Effective Date by the Company’s subsidiaries, KD Acquisition, LLLP and KD Acquisition II, LLLP.
Sample 1
Initial Company Property means 100% of the limited liability company interest of LR8 Owner, which shall acquire the Real Property pursuant to the Purchase Agreement.
Sample 1
Initial Company Property means the Condominium Units to be acquired by the Company through EH Condominium Owner on the Closing Date pursuant to the Purchase Agreement.
Sample 1
Initial Company Property means the “Property”, as defined in the Purchase Agreement, being the real property identified on Schedule B hereto, and related personal property to be acquired by the Company from Seller pursuant to the Purchase Agreement.
Sample 1
Initial Company Property means one hundred percent (100%) of the membership interest in Owner, which shall own the Real Property.
Sample 1
Initial Company Property means all of the limited liability company interests in Pinnacle 1 Property Owner and, indirectly thereby, the Pinnacle 1 Property.
Sample 1

Related to Initial Company Property

  • Company Properties shall have the meaning set forth in Section 4.15.1.

  • Company Property means any and all property, both real and personal, tangible and intangible, whether contributed or otherwise acquired, owned by the Company.

  • Private Improvements means the improvements to be constructed on the Property that are not Public Improvements.

  • Proprietary Property means any property, including, but not limited to, Intellectual Property Rights, records, forms, trade literature, newsletters, market reports, articles, computer software and any reproduced copies or negatives thereof, and any Proprietary Information or such other information reflected or contained therein, provided and furnished by the Company or otherwise obtained by the Partner during the relationship created by this Agreement.

  • Transition Property means the property right created by a financing order, including without

  • railway property means any railway belonging to Network Rail and—

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • Infrastructure Improvements means a street, road, sidewalk, parking facility, pedestrian mall, alley, bridge, sewer, sewage treatment plant, property designed to reduce, eliminate, or prevent the spread of identified soil or groundwater contamination, drainage system, waterway, waterline, water storage facility, rail line, utility line or pipeline, transit-oriented development, transit-oriented property, or other similar or related structure or improvement, together with necessary easements for the structure or improvement, owned or used by a public agency or functionally connected to similar or supporting property owned or used by a public agency, or designed and dedicated to use by, for the benefit of, or for the protection of the health, welfare, or safety of the public generally, whether or not used by a single business entity, provided that any road, street, or bridge shall be continuously open to public access and that other property shall be located in public easements or rights-of-way and sized to accommodate reasonably foreseeable development of eligible property in adjoining areas. Infrastructure improvements also include 1 or more of the following whether publicly or privately owned or operated or located on public or private property:

  • Excluded Personal Property means the following:

  • Infrastructure improvement means permanent infrastructure that is essential for the public health and safety or that:

  • DOCPROPERTY DocID" \* MERGEFORMAT 22518942.2 238213-10001 5

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Release Property has the meaning set forth in Section 2.5.

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Mixed-use property means an eligible property that includes three or more residential units and may also contain a commercial property component in the same building.

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;

  • Excluded Real Property means (a) any fee-owned real property with a purchase price (in the case of real property acquired after the Effective Date) or Fair Market Value (in the case of real property owned as of the Effective Date, with Fair Market Value determined as of the Effective Date) of less than $3,500,000 individually, (b) any real property that is subject to a Lien permitted by Sections 6.02(iv), (xix), (xxii), (xxiii), (xxviii) or (xxxi), (c) any real property with respect to which, in the reasonable judgment of the Term Administrative Agent (confirmed by notice to the Borrower) the cost (including as a result of adverse tax consequences) of providing a Mortgage shall be excessive in view of the benefits to be obtained by the Lenders, (d) any real property to the extent providing a mortgage on such real property would (i) be prohibited or limited by any applicable law, rule or regulation (but only so long as such prohibition or limitation is in effect), (ii) violate a contractual obligation to the owners of such real property (other than any such owners that are the Borrower or Affiliates of the Borrower) that is binding on or relating to such real property (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) but only to the extent such contractual obligation was not incurred in anticipation of this provision or (iii) give any other party (other than the Borrower or a wholly-owned Restricted Subsidiary of the Borrower) to any contract, agreement, instrument or indenture governing such real property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (e) any Leasehold.

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.

  • The Works/ Project means the works to be executed or done under this contract.

  • Tangible Property means any furniture, fixtures, leasehold improvements, vehicles, office equipment, computer equipment, other equipment, machinery, tools, forms, supplies or other tangible personal property of any nature.

  • Non-Public Works and Improvements means all competitively solicited procurement of Supplies and/or Services by the City not solicited as Public Works.

  • Development Property means a Property currently under development for use as an office or industrial building that has not become a Stabilized Property, or on which the improvements (other than tenant improvements on unoccupied space) related to the development have not been completed, provided that such a Development Property on which all improvements (other than tenant improvements on unoccupied space) related to the development of such Property have been completed for at least twelve (12) months shall cease to constitute a Development Property notwithstanding the fact that such Property has not become a Stabilized Property.

  • University property means premises owned, controlled or occupied by the University in the UK which are made available for use by the Supplier or its sub-contractors for provision of the Services (or any of them) on the terms set out in this Contract or any separate agreement or licence.

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.