Second Owner definition

Second Owner shall have the meaning set forth in Section 13.1.
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Second Owner has the meaning specified in the Recitals;
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Second Owner s Land”).
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Examples of Second Owner in a sentence

  • The [Second] Owner is the Freehold owner of the Application Land comprised in Title No. DN[ ] at the Land Registry shown edged [ ] on the Location Plan (being the [the whole of/a part of] the land comprised in the said title.

  • Immediately prior to the assignment to the Second Owner, the First Owner was the registered owner of the Land which is held from the Government for the residue of a term of 99 years commencing from the 1st day of July 1898 (as extended until the 30th day of June 2047 under Section 6 of the New Territories Leases (Extension) Ordinance (Cap.150)) subject to payment of the rent and to the observance and performance of the terms.

  • Second Owner shall be entitled to receive confirmation of the status of the insurance annually directly from the insurance carrier.

  • The Specified Number shall be calculated as follows: (i) Percentage of Second Owner Interest that has Vested; multiplied by (ii) total number of Shares underlying the Second Owner Interest; multiplied by (iii) 50%.

  • Thus, the First Owner is the owner of undivided two-third share in the Premises and the Second Owner of the undivided one-third share therein.

  • Any and all reasonable expenses not covered shall be paid by Second Owner.

  • The First Owner and the Second Owner shall be tenants-in-common of the Shares in the proportions and otherwise on the terms set out in this Agreement.

  • Notices to the Second Owner given for purposes of this Agreement shall be sent to him or her at the address specified in the Particulars of Award.

  • Upon formation of the Association, the First Owner and Second Owner shall hand over the Security Deposit to the Association.

  • Signed as a deed by [insert name of Second Owner here] in the presence of [insert name of witness here] of [insert witness address below] ………………………………………… ………………………………………… ………………………………………… ………………………………………… ....................


More Definitions of Second Owner

Second Owner means the person(s) designated to inherit the Policy in the event of the death of the Policyholder;
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Second Owner means the Participant who is granted an Interest under the terms of the Employee Joint Ownership Agreement, this Schedule and the Plan;
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Related to Second Owner

  • land owner s association" means an organisation established by owners of a group of properties to collectively regulate their conduct and share the costs of maintaining and improving shared infrastructure and services, including a home owner’s association;

  • brand owner means a person or company who sells any commodity under a registered brand label.

  • Co-Owner means a Person who owns an Ownership Interest and a Co-Owner of a Series means a Person who owns an Ownership Interest of the Series.

  • New Owner means, collectively, the HDFC and the Company.

  • Lot Owner means a declarant or other person who owns a lot, or a lessee of a lot in a leasehold planned community whose lease expires simultaneously with any lease the expiration or termination of which will remove the lot from the planned community, but does not include a person having an interest in a lot solely as security for an obligation.