Tacking definition

Tacking means the joinder of two or more separate authorities or two or more separate parts thereof at a common service point for the purpose of providing a through service.
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Tacking means the process by which a loan, advanced subsequently to the crea- tion of a second mortgage of a parcel, may be secured on the first mortgage of that parcel and thereby take priority over the second mortgage;
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Tacking means the process by which a loan, advanced subsequently to the creation of a second
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Examples of Tacking in a sentence

  • Upon receipt of a Tacking Opinion and/or Affiliate Opinion from the Holder’s legal counsel, the Company’s legal counsel shall submit an opinion of counsel to the transfer agent and the Company which confirms and acknowledges the Tacking Opinion and the Affiliate Opinion (the “Company Counsel Opinion”).

  • Prior to and as a condition to the effectiveness of this Agreement, the Company shall provide a letter (the “Counsel Acceptance Letter”), signed by its outside counsel, stating that such counsel agrees to accept a Tacking Opinion and Affiliate Opinion presented by an attorney reasonably experienced in securities law as legal counsel for the Holder.

  • If an opinion of counsel is required by the transfer agent in order to issue unlegended shares upon the conversion of a Debenture, the Company and its legal counsel agree to accept an opinion of counsel from Holder’s legal counsel confirming the Hold Period Tacking of such holding periods regarding the Debentures, in each case as amended hereby (the “Tacking Opinion”) and, if required by the transfer agent, also confirming the non-affiliate status of the Holder (“Affiliate Opinion”).

  • At such time as the Included Holders or transfer agent shall so require in connection with the conversion of a Debenture or the exercise of a Warrant, the Company shall provide the Tacking Opinion, signed by Company’s counsel, to the Included Holders or the transfer agent.

  • Special meetings of the board of directors may be called by or at the request of the chairman of the board, the vice chairman of the board, the president or one-third of the directors.

  • Tacking To the extent that any holder that is not an affiliate of the Company Party cannot tack the holding period for the Notes onto the holding period for the New Senior Secured Convertible Notes (or shares of common stock issuable upon conversion thereof) issued in exchange for the Notes and accrued but unpaid interest thereon, the Company Party will provide customary registration rights to the holders.

  • Xxxe Mill Tacking Jig, Spiral Can Indicator, Sliding Pointer Detail PMP102 B L.

  • The Corporation shall not convert shares of Preferred Tacking Stock into shares of Common Stock pursuant to this Section 8 without converting all outstanding shares of Preferred Tracking Stock into shares of Common Stock in accordance with this Section 8.

  • Both Parties agree that the "Tacking Date" of the convertible preferred shares would remain effective January 20, 2011.This Amendment may be executed in two or more counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign the same counterpart.

  • Tacking strips installed by Tenant with Lessor’s consent, shall at the option of Lessor, be removed by Tenant and the floor repaired at the expiration of the lease, at Tenant’s expense.


More Definitions of Tacking

Tacking. Each Secured Creditor shall comply with its obligations under the Loan Documents (including any obligation to make further advances).
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Tacking describes the means by which a creditor, with a charge securing an original advance, is able to use the charge to secure a further advance and so obtain priority for the further advance over sums secured by any second or subsequent charge. Because of the potential prejudice to the interests of the holders of second or subsequent charges, first equity and then statute have severely restricted the circumstances in which tacking will be permitted. The issue on this appeal is whether, in the particular circumstances of the case, any further advances were made by the holder of first charges on various properties. Only if the proper legal conclusion on the undisputed facts is that further advances were made, will the restrictions on tacking be engaged. The judge at first instance held that no further advances were made, so that the priority of the first charges remained unchanged. The holder of second charges on the properties appeals against that decision, with permission given by Sir Timothy Lloyd.
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Tacking means a method of securing mulches by the application of an asphalt or chemical binder which binds the individual fibers together to form a resistant blanket.
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Tacking shall have the meaning set forth in Section 9.10(i)(H).
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Related to Tacking

  • Bus means a motor vehicle designed for carrying sixteen or

  • Vaping means using an activated electronic delivery device or heated tobacco product.

  • Pruning means the appropriate removal in accordance with good arboricultural practices of not more than one-third of the live branches or limbs of a tree or more than one-third of the live branches or limbs on a tree as part of a consistent annual pruning program;

  • Bulkhead means an airtight structure separating the working chamber from free air or from another chamber under a lower pressure than the working pressure;

  • Pipe or “Piping” means a hollow cylinder or tubular conduit that is constructed of non-earthen materials.

  • shoring means a system used to support the sides of an excavation and which is intended to prevent the cave-in or the collapse of the sides of an excavation;

  • Fishing means searching for, attracting, locating, catching, taking or harvesting fish or any activity which can reasonably be expected to result in the attracting, locating, catching, taking or harvesting of fish;

  • Printer means desktop printers, multifunction printer copiers, and printer fax combinations taken out of service that are designed to reside on a work surface, and include various print technologies, including without limitation laser and LED (electrographic), ink jet, dot matrix, thermal, and digital sublimation, and “multi-function” or “all-in-one” devices that perform different tasks, including copying, scanning, faxing, and printing. Printers do not include floor-standing printers, printers with an optional floor stand, point of sale (POS) receipt printers, household printers such as a calculator with printing capabilities or label makers, or nonstand-alone printers that are embedded into products that are not covered electronic products.

  • Loading or unloading means the handling of property:

  • Blasting means changing the level or grade of land or rendering, tearing, demolishing, moving, or removing earth, rock, buildings, structures, or other masses or materials by seismic blasting or the detonation of dynamite or any other explosive agent.

  • Hazing means committing an act against a student, or coercing a student into committing an act, that creates a substantial risk of harm to a person, in order for the student to be initiated into or affiliated with a student organization, or for any other purpose. The term hazing includes, but is not limited to:

  • NPDES means National Pollutant Discharge Elimination System.

  • Tails ’ in this context means the tail fan, which includes the telson and the uropods.

  • Shutter means a device attached to the tube housing assembly which can intercept the entire cross sectional area of the useful beam and which has a lead equivalency not less than that of the tube housing assembly.

  • Deafness means a hearing impairment that is so severe that the student is impaired in processing linguistic information through hearing, with or without amplification that adversely affects a student’s educational performance.