Initial Owners definition

Initial Owners means, with respect to Borrower or any other entity, the persons or entities who on the date of the Note own in the aggregate 100% of the ownership interests in Borrower or that entity.

Initial Owners means, with respect to Borrower or any other entity, the persons or entities that (i) on the date of the Note, or (ii) on the date of a Transfer to which Lender has consented, own in the aggregate 100 percent of the ownership interests in Borrower or that entity.

Initial Owners means, with respect to Borrower or any other entity, the persons or entities who on the date of the Note own the aggregate 100% of the ownership interests in Borrower or that entity.

Examples of Initial Owners in a sentence

• Interest earnings on the Dignity Construction and Initial Owner's Construction Accounts are not included in this statement due to these amounts being returned to the developers upon receipt of the Certificate of Occupancy for the garage.

• The Initial Owners have agreed to purchase from time to time from the Company and the Company has agreed to sell to the Initial Owners, on a servicing retained basis and without recourse, pools of adjustable rate Mortgage Loans.

• Pursuant with Article VIII of the Operating Agreement, it is the desire of the LLC that Additional Owners are granted the right to purchase an Economic Interest in the LLC at the same consideration granted to the Initial Owners and; E.

• The Initial Owners entered into an operating agreement governing the operations of the LLC on November 8, 2012, copy attached as Exhibit 1 (hereinafter "Original Operating Agreement") and; B.

• In addition to the governance of the Association, the Board shall have the power to allocate responsibilities and votes equitably to the Initial Owners and to any new Lot Owners in accordance with the terms of the Agreement.

More Definitions of Initial Owners

Initial Owners. REPRESENTATIVE: Doug Schepker ------------------------------ DISBURSEMENT PRIORITY SCHXXXXX: ------------------------------ Each fiscal month Manager, on behalf of Owner, shall disburse funds from the Bank Account(s) in the following order of priority and to the extent available:

Initial Owners means, with respect to Borrower or any other entity, the Person(s) that (i) on the date of the Note, or (ii) on the date of a Transfer to which Lender has consented, own in the aggregate 100% of the ownership interests in Borrower or that entity. If Borrower is a nonprofit corporation or association, "Initial Owners" means the Person(s) that (i) on the date of the Note, or (ii) on the date of a Transfer to which Lender has consented, are the members, officers, trustees, or board members (or equivalent designation under the laws of the jurisdiction where Borrower's nonprofit corporation or association was formed) who have or share a Controlling Interest in Borrower.

Initial Owners means any or all of them;

Initial Owners. REPRESENTATIVE: Xxxx Xxxxxxxx DISBURSEMENT PRIORITY SCHEDULE: ------------------------------ Each fiscal month Manager, on behalf of Owner, shall disburse funds from the Bank Account(s) in the following order of priority and to the extent available:

Initial Owners means, in relation to each Initial Ship, the Owner of that Initial Ship set out in Part 1 of Schedule 1 and "Initial Owner" means any or all of them;

Initial Owners means Alpaugh North and Alpaugh 50.

Initial Owners means Atwell East and Atwell West.