Examples of PropCo in a sentence
Notwithstanding anything in this Agreement to the contrary, if the deed of conservation easement has been recorded, the Manager may approve the sale or other disposition of the Real Property by Propco.
Notwithstanding the foregoing, or any other provision herein contained, the Members hereby acknowledge and agree that no Member shall be permitted to enter upon the Property or the Real Property or to construct or alter any improvement on the Property owned by the Company or Real Property owned by Propco without the prior written consent of the Manager, and in the case of the Real Property, the prior written consent of Propco.
Further, if either the Investment Proposal or Development Proposal is selected, the Manager shall have the authority to approve the disposition of the Real Property by Propco pursuant to the terms, and in furtherance, of the respective Investment Proposal or Development Proposal.
If the Conservation Proposal is selected as provided above, the Manager shall have the right to cause Propco to grant access and use encumbrances to third parties following the execution, delivery, and recording of the deed of conservation easement, including leases and easements; provided that such encumbrances do not violate the provisions of the deed of conservation easement and such agreements do not impose additional financial or legal burdens on the Company.
Owner and Propco hereby agree that all prior or contemporaneous oral understandings, agreements or negotiations relative to the subject matter hereof are merged into and revoked by this Agreement.