Examples of Real Estate Holding Company in a sentence
This Agreement shall inure to the benefit of, and shall be binding upon, the Agency, the Real Estate Holding Company, the Operating Company and their respective successors and assigns.
No consent, approval or authorization of, or filing, registration or qualification with, any Governmental Authority on the part of the Real Estate Holding Company is required as a condition to the execution, delivery or performance of this Agreement by the Real Estate Holding Company or as a condition to the validity of this Agreement.
The Real Estate Holding Company has duly authorized the execution, delivery and performance of this Agreement and the consummation of the transactions herein contemplated.
This Agreement is the legal, valid and binding obligation of the Real Estate Holding Company enforceable in accordance with its terms.
Pursuant to the provisions of the Lease Agreement and the Equipment Lease Agreement, the Real Estate Holding Company and the Operating Company, jointly and severally, will be required to pay all taxes and assessments lawfully levied and/or assessed against the Project Facility, including taxes and assessments levied for the current tax year and all subsequent tax years until the Project Facility shall be entitled to exempt status on the tax rolls of the respective Taxing Entities.
If to the Real Estate Holding Company: 0000 Xxxxxxxx Xxxxx, LLC 000 Xxxxx Xxxxxx Xxxxxx Xxxxxxxx, Xxx Xxxx 00000 Attention: Xxxxxx X.
The Real Estate Holding Company has the legal power under the laws of the State of New York to enter into this Agreement and the transactions contemplated hereby and to perform and carry out all covenants and obligations on its part to be performed under and pursuant to this Agreement.
Pursuant to Section 874(5) of the Act of New York, as amended, if the Real Estate Holding Company shall fail to make or cause to be made any such payments in lieu of real estate taxes when due, the amount or amounts so in default shall continue as an obligation of the Real Estate Holding Company until fully paid, and the Real Estate Holding Company hereby agrees to pay or cause to be paid the same, together with a late payment penalty equal to five percent (5%) of the amount due.
All payments by the Real Estate Holding Company and/or the Operating Company hereunder shall be paid to the Agency by check in lawful money of the United States of America.
Subject to Section 3.01 hereof, the Agency will reasonably cooperate with the Real Estate Holding Company and the Operating Company to preserve the tax-exempt status of the Project Facility and to achieve the purposes and effect of this Agreement.