New Owners definition
Examples of New Owners in a sentence
Some examples of this could include the following: New Owners – When a building that has current occupants is sold to a new owner, people may begin to question the validity of the lease agreement that was made with the previous landlord now that they no longer have an interest in the property.
In the event Proposed New Owner is a partnership (including, but not limited to, a limited partnership), Proposed New Owner will also be required to execute an addendum to the Agreement which amends the references to Developer and its Principal Shareholders to include the partnership approved by Franchisor and Proposed New Owner's general partner(s) and the principal shareholders of the general partner(s), if the general partner(s) is a corporation.
In the event Proposed New Owner is a partnership (including, but not limited to, a limited partnership), Proposed New Owner will also be required to execute an addendum to the Agreement which amends the references to Franchisee and its Principal Shareholders to include the partnership approved by Franchisor and Proposed New Owner's general partner(s) and the principal shareholders of the general partner(s), if the general partner(s) is a corporation.
New Owners to remain responsible for due fulfilment of this Timecharter.
New Owners to be subject to Charterers’ prior approval, which not to be unreasonably withheld.
Junior Claimant agrees that it will execute and deliver to New Owner's lenders such new subordination agreement, such amendments to each of the Plant O&M Agreement, and such other instruments, in each case consistent with the terms of this Agreement, and Junior Claimant shall take such further action, as the lenders to the New Owner reasonably request in furtherance of this Section 2.6.2.
FRR (and its Officers, Board of Directors, Volunteers, Affiliated Entities, and/or Agents) shall not be liable to New Owners on any theory of legal liability including but not limited to the negligence of FRR (and its Officers, Board of Directors, Volunteers, Affiliated Entities and/or Agents) for any in- jury, death or damage directly or indirectly caused by Dog.
The Original Owners and the New Owners are sometimes individual referred to as an “Owner” and collectively as “Owners”.
New Owners, and each of them, by executing this Amendment agree to be bound by all terms and conditions set forth in the Development Agreement, as amended hereby.
The New Owners shall be paid hire by the Charterers in accordance with the Time Charter Party from the Effective Date.