Property 2 definition
Examples of Property 2 in a sentence
Holder shall disburse the xxxxxxx money upon: (1) the closing of Property; (2) a subsequent written agreement of Buyer and Seller; (3) an order of a court or arbitrator having jurisdiction over any dispute involving the xxxxxxx money; or (4) the failure of the parties to enter into a binding agreement (where there is no dispute over the formation or enforceability of the Agreement).
This Agreement shall automatically terminate: (1) on the Owner’s voluntary sale of the Property; (2) upon foreclosure of the Property, transfer in lieu thereof, or exercise of a lender’s remedies; or (3) in the event of total condemnation of the Property.
Until the occurrence of an Event of Default, Grantor may (1) remain in possession and control of the Property; (2) use, operate or manage the Property; and (3) collect the Rents from the Property.
Notwithstanding the foregoing, such withdrawal limitations shall not apply upon (1) the final liquidation of the Whole Loan and/or the Property, (2) the final payment of the Whole Loan and release of the Mortgage or (3) the determination that any Advance that would increase the currently unreimbursed Advances in the aggregate would be a Nonrecoverable Advance.
As long as the Damage is covered under this Insurance We will pay You Cost A The cost of reinstatement which is 1 the cost of rebuilding where the Building is destroyed or the cost of replacement by similar Property 2 the cost of repairing or restoring the damaged portions where the Property is damaged all to a condition substantially the same as but not better or more extensive than its condition when new.
The Developer hereby warrants and represents to the BOCC (1) that it is the fee simple, record owner of the Property, (2) that it has the right, power and authority to enter into this Agreement and to agree to the terms, provisions, and conditions set forth herein and to bind the Property as set forth herein, and (3) that all legal actions needed to authorize the execution, delivery and performance of this Agreement have been taken.
Cost C The cost of removing debris which is the cost incurred with Our consent in 1 removing debris, dismantling, demolishing, shoring up and propping portions of the Property 2 clearing, cleaning or repairing Services as a result of Damage which is covered by this Insurance 3 removing fallen trees within the grounds of the Premises.
If PRS has a section 754 election in effect for 2007, PRS may increase the basis of Property 2 under section 734(b) by $2,000,000.
Source Property 2, quoted from [24]: ‘Sender authentication resistant to key-compromise imperson- ation (KCI).
Also at that time, Property 1 still has a value and basis of $5,000,000, Property 2 still has a value and basis of $9,000,000, and the re- maining built-in loss associated with the§ 1.752–7 liability still is $2,000,000.