NC COMPANY definition
NC COMPANY means the to be formed northern California, direct or indirect, wholly owned subsidiary of Buyer, which shall conduct all operations of the Business, hold all of the Acquired Assets, and be Buyer's sole real estate operating affiliate in Northern California, including, but not limited to the interest of Sterling as general partner in L&R, the New Projects (when and if acquired) and the Other Projects (when and if acquired), plus the Early Purchase Property. Unless otherwise agreed in writing executed by Buyer and Seller at or prior to Closing, Sterling Communities Corporation, a California corporation (referred to in Section 6.16 below) shall become NC Company from and after the Closing.