New Century REIT definition
Examples of New Century REIT in a sentence
On September 15, 2004, the stockholders of New Century Financial Corporation, a Delaware corporation (“Holdings”) approved a proposal to restructure Holdings to allow it to qualify as a real estate investment trust and to become a wholly-owned subsidiary of New Century REIT, Inc., a Maryland corporation, through the merger of NC Merger Sub, Inc., a wholly-owned subsidiary of New Century REIT, Inc., with and into Holdings, resulting in New Century REIT, Inc.
NEW CENTURY MORTGAGE CORPORATION, as Seller By: /s/ ▇▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇ Title: Executive Vice President NEW CENTURY FINANCIAL CORPORATION (f/k/a New Century REIT, Inc.), as Guarantor By: /s/ ▇▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇ Title: Executive Vice President By: /s/ ▇▇▇▇▇▇ ▇.
The recitals and statements made herein are deemed to be those of New Century Financial and New Century REIT and not of the Trustee.
New Century Financial Corporation (f/k/a New Century REIT), NCMC and Buyer desire to enter into this Guaranty in order to replace New Century TRS Holdings, Inc.
All references in the Agreement, as amended hereby, (i) to Guarantor shall mean New Century REIT, Inc.
New Century Financial Corporation (f/k/a New Century REIT) and Lender desire to enter into this Guaranty in order to replace NCFC as a Guarantor with New Century Financial Corporation (f/k/a New Century REIT), and to amend, restate and replace the Original Guaranty in its entirety.
New Century Financial’s obligations with respect to any dividends or other distributions to the stockholders of New Century Financial that have been declared by New Century Financial but not paid prior to the Effective Time will be assumed by New Century REIT in accordance with the terms thereof.
Any former stockholders of New Century Financial who have not theretofore complied with this Article II shall thereafter look only to New Century REIT for payment of their shares of New Century REIT Common Stock deliverable in respect of each share of New Century Financial Common Stock such stockholder holds as determined pursuant to this Agreement, without any interest thereon.
From and after the Effective Time, New Century REIT shall have all amendment and administrative authority with respect to such Plans, awards and other agreements to the extent that New Century Financial had such authority immediately prior to the Effective Time.
Any such dividends or distributions that would have entitled stockholders of New Century Financial to receive shares of New Century Financial Common Stock shall be deemed, after the Effective Time, to entitle stockholders of New Century REIT to receive the same number of shares of New Century REIT Common Stock.