Prior Owner definition

Prior Owner means, as of any point in time, any person or entity which shall have been, but is not then, the person or entity in control of the Project Site, or any portion thereof, as owner. Upon execution and approval (if required) of the Assumption Agreement, each Prior Owner will be released from liability for any defaults occurring after the date of the change in ownership or control by which that Prior Owner became a Prior Owner, as such change is reflected in the Assumption Agreement.

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Prior Owner. ▇▇▇▇▇ Fargo Bank Northwest, National Association, not in its individual capacity but solely as owner trustee under that certain trust agreement dated as of September 16, 2010 (as supplemented and amended) and made with GAIF II Investment Sixteen, LLC in relation to the Aircraft.

Prior Owner with respect to any Permitted Acquisition by the Company or any of its Subsidiaries, the Person or Persons which was or were the owner(s) of the Capital Stock or assets acquired by the Company or such Subsidiary pursuant to such Permitted Acquisition.

Examples of Prior Owner in a sentence

• On the Advance Date, the Borrower represents and warrants that Borrower has such title to the Aircraft as was conveyed to it by Prior Owner, free and clear of all Lessor Liens attributable to the Borrower (other than (i) the Security Interest granted by the Borrower in favor of the Security Trustee pursuant to the Security Agreement and the Local Mortgage, and (ii) the rights of the Lessee under the Lease).

• Because of the conveyance from the Prior Owner to BNPPLC contemporaneously with the execution of this Agreement, good and indefeasible title to the Land and Improvements is currently vested in BNPPLC, subject only to the Permitted Encumbrances, the rights of LRC itself under the Operative Documents and any Liens Removable by BNPPLC.

• Seller & Seller Name (collectively, the "Prior Owner") has heretofore been the Owner of an Interval.

• The City acknowledges and agrees that Owner has succeeded to the rights and benefits of the Prior Owner under this Agreement.

• Prior Owner, Prior Guarantor, Borrower and New Guarantor acknowledge that Lender is relying upon the foregoing representations and warranties as a material inducement to Lender’s execution of this Agreement.

More Definitions of Prior Owner

Prior Owner means SELCO Service Corporation, an Ohio corporation doing business in California as “Ohio SELCO Service Corporation”, which is at the request and direction of LRC conveying the Property to BNPPLC contemporaneously with the execution of the Operative Documents.

Prior Owner means the person or persons, entity or entities, heirs or assigns to whom the property was most recently assessed for municipal tax purposes.

Prior Owner means the entity from which Seller acquired the Offered Membership Interest.

Prior Owner means a Class Member who owned the Subject Royalty Interest prior to the Current Owner during the Class Period but who is not a Current Owner of the Subject Royalty Interest.

Prior Owner means WSRH Indian W▇▇▇▇, L.L.C., a Delaware limited liability company.

Prior Owner means KLA-Tencor Corporation, a Delaware corporation, which is at the request and direction of LRC conveying the Property to BNPPLC contemporaneously with the execution of the Operative Documents.

Prior Owner means the Record Owner, or their heirs, assigns, or successors as demonstrated through court order and/or other legal document(s).