Examples of Owner Entities in a sentence
The Members anticipate expanding the business of the Company by acquiring one or more Additional Properties (through Additional Property Owner Entities) and causing the Additional Properties to be developed, redeveloped or refurbished.
The Members intend that the Company will not own any real estate directly, but will only own interests in the Owner Entities and Additional Property Owner Entities.
As and when prepared or received by the Manager, the Manager shall promptly provide each Member with copies of all reports, studies, operating statements, budgets and other material documents received by the Owner Entity and the Additional Property Owner Entities.
The Company intends that the Existing Property will be owned by the Owner Entity and all Additional Properties will be owned by Additional Property Owner Entities, through which the Company's business will be conducted.
If any Additional Property Owner Entity experiences a Cash Shortfall, or to the extent the Company experiences a Cash Shortfall attributable solely to one or more Additional Property Owner Entities, either Member shall have the right to provide written notice of such Cash Shortfall to the Members (a "CASH SHORTFALL NOTICE").
Instead, the Company shall only invest in qualified REIT real estate assets, which assets shall generate qualified REIT income and be owned separately by each of the Owner Entity and Additional Property Owner Entities, and any debts and liabilities shall be incurred only by such Entities.
Upon the redemption of the Cordish LLC Interests, the books and records of the Company and the Additional Property Owner Entities shall be closed.
Without the unanimous approval of the Members, the Company, the Owner Entity and the Additional Property Owner Entities shall not engage in any other business or activity.
These subordinated loans are fully obligated to the Owner Entities at the financial closing and represent AHA’s share of the development budget for AHA-assisted Annual Contribution Contract (ACC) units.
Owner Entities: As defined in the recitals.Preferred Applicant: An Applicant (i) whose income does not exceed the income limit set forth in Section 5 for the applicable Unit, and (ii) will occupy such Unit as their sole residence.