Land Trusts definition

Land Trusts shall have the meaning set forth in the recitals.
View Source
Land Trusts. Each of the entities described as "Land Trusts" on Schedule 1 attached hereto, if any. Leases: All leases and tenancies in the Real Property identified and described in Exhibit F. Legal Requirements: All laws, statutes, codes, acts, ordinances, orders, judgments, decrees, injunctions, rules, regulations, permits, licenses, authorizations, directions and requirements of all governments and governmental authorities having jurisdiction of the Property (including, for purposes hereof, any local Board of Fire Underwriters), and the operation thereof.
View Source
Land Trusts means the following land trusts established under the trust agreements indicated, in each case with the Land Trustee as trustee and with the respective beneficiaries indicated, which hold legal title to the respective Parcels of the Real Property indicated: (i) Trust established by Trust Agreement dated May 27, 1981 and known as Trust No. 104000 under which Merchandise Mart Owners, L.L.C. is the sole beneficiary, which holds legal title to the Mart Property; (ii) Trust established by Trust Agreement dated March 1, 1967, as extended, and known as Trust No. 36223, under which World Trade Center Chicago, L.L.C. is the sole beneficiary, which holds legal title to the Apparel Property; and (iii) Trust established by Trust Agreement dated August 21, 1986 and known as Trust No. 111475, under which Merchandise Mart Owners, L.L.C. is the sole beneficiary, which holds legal title to the River West South Property.
View Source

Examples of Land Trusts in a sentence

  • It shall also include a fee for organizational expenses involved with the Land Trust's meeting its responsibilities to oversee that the terms of the lease are met.

  • Florida Land Trusts are specifically provided for in Florida Statute Section 689.071.

  • In the determination of the Management Fee the Land Trust's administrative fee for managing the Leasehold shall be limited to $40 per month for the entire Leasehold, and shall be effective at the date of execution of this lease.

  • Each Loan Party (other than Land Trusts) is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its present business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will not have, either individually or in the aggregate for all such jurisdictions, a Material Adverse Effect.

  • The Northern Land Council administers those Aboriginal Land Trusts and has ongoing responsibilities in representing the traditional Aboriginal owners in their claim to the former Rum Jungle Mine Site.

  • All other land parcels recommended for grant by the Aboriginal Land Commissioner in respect of the Finniss River Land Claim were granted to Aboriginal Land Trusts between 1991 and 1993.

  • Each Loan Party (other than Land Trusts) is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation.

  • No Loan Party (other than Land Trusts) knows of any material proposed tax assessment against any of the Loan Parties which is not being actively contested by such Loan Party in good faith and by appropriate proceedings; provided that such reserves or other appropriate provisions, if any, as shall be required in conformity with GAAP shall have been made or provided therefor.

  • MARS anticipates engaging partners to collaborate and provide the following functions:  Locate and identify suitable lands  Hold easements (i.e., Land Trusts)  Assist with development and implementation of monitoring programs  Assist with expansion of contiguous habitat  Provide long term management and protection  Provide local knowledge and contacts Following is a listing of probable mitigation program and project partners.

  • Each of the Loan Parties (other than Land Trusts) is and, upon the incurrence of any Obligations by Company on any date on which this representation is made, will be, Solvent.


More Definitions of Land Trusts

Land Trusts means each of (a) LaSalle National Bank, as Trustee ----------- under that certain land trust agreement dated December 9, 1986 known as Trust No. 1118000, (b) the Virginia Beach Courtyard by Marriott Limited Partnership Land Trust, (c) the Richmond Courtyard by Marriott Limited Land Trust, (d) the ▇▇▇▇▇▇▇-▇▇▇▇▇▇ Courtyard by Marriott Limited Partnership Land Trust, (e) the Hampton Beach Courtyard by Marriott Limited Partnership Land Trust and (f) the Courtyard by Marriott Limited Partnership Land Trust.
View Source
Land Trusts collectively those certain Irrevocable Trust Agreements previously established by CR Los Cabos, CR Cancun, CR Puerto Vallarta, ▇▇▇▇▇ ▇▇▇▇ Promotora and others to hold the use rights and the remainder interests in each of the Time-Share Projects.
View Source
Land Trusts has the meaning set forth in the Loan Documents. -----------
View Source

Related to Land Trusts

  • Community land trust means a community housing development organization whose (i) corporate

  • Blind trust means an independently managed trust in which the employee-beneficiary has no management rights and in which the employee-beneficiary is not given notice of alterations in or other dispositions of the property subject to the trust.

  • Trusts shall have the meaning set forth in Section 3.02.

  • Land means the land described in Exhibit A.

  • land owner s association" means an organisation established by owners of a group of properties to collectively regulate their conduct and share the costs of maintaining and improving shared infrastructure and services, including a home owner’s association;