Examples of Property Contributors in a sentence
To the extent that water consumption or other utility charges may constitute a lien against the Property, Contributors agree that an appropriate amount in respect of water consumption or other utility charges may be held in escrow by the Title Company in connection with its issuance of a title insurance policy to FWRLP.
The Parties acknowledge the distribution of the Credit Facility Borrowings to the Property Contributors to be made on the Closing Date in accordance with the Property Contributor Cash Distributions.
Notwithstanding the terms of the Assignment Document, the MLP Assets shall be deemed to have been contributed and transferred from the Property Contributors to the Partnership and, immediately thereafter, from the Partnership to LRE Operating.
Notwithstanding the terms of the Assignment Documents, the MLP Assets shall be deemed to have been contributed and transferred from the Property Contributors to the Partnership and, immediately thereafter, from the Partnership to QR Operating.
For convenience and purposes of recording the Assignment Document in the applicable counties where the MLP Assets are located, the Partnership hereby directs the Property Contributors to directly transfer and assign the MLP Assets to LRE Operating on the Closing Date pursuant to the Assignment Document and such other additional instruments and agreements as may be necessary to effect the same.
For convenience and purposes of recording the Assignment Documents in the applicable county and parish records where the MLP Assets are located, the Partnership hereby directs the Property Contributors to directly transfer and assign the MLP Assets to QR Operating pursuant to the Assignment Documents and such other additional instruments and agreements as may be necessary to effect the same.
The Parties acknowledge (a) the payment by the Partnership, in connection with the Offering and the other transactions contemplated hereby, of transaction expenses in the amount of approximately $[•] (exclusive of the Underwriters’ discount and the structuring fee) and (b) the distribution of cash by the Partnership to the Property Contributors in accordance with the Property Contributor Cash Distributions.
The Parties acknowledge the payment of the indebtedness assumed from QRA and the indebtedness assumed from Black Diamond with the Credit Facility Borrowings by QR Operating and the distribution of the balance of such borrowings to the Property Contributors in accordance with the Property Contributor Cash Distributions.
In the event that Contributors elect to perform repairs upon the Property, Contributors shall use reasonable efforts to complete such repairs promptly and the date of Closing shall be extended a reasonable time in order to allow for the completion of such repairs.
The MM Property Contributors shall not remove any material portion of the Personal Property located in or on the Property, except as may be required for repair and replacement in the Ordinary Course of Business.