Examples of Tenancy in Common Agreement in a sentence
Further, pursuant to the Tenancy in Common Agreement, for each completed calendar month of employment of Mr. Kohn by the Company, Ms. Kohn shall have the right to purchase a portion of the Company’s interest in the Property.
All payments under the Loan Documents will have priority over all payments and distributions to the Co-Owner Borrowers provided for in the Tenancy in Common Agreement.
Borrower will promptly notify Lender in writing of any request made by any Co-Owner Borrower to any other party for arbitration or appraisal proceedings pursuant to the Tenancy in Common Agreement, and of the institution of any arbitration or appraisal proceedings and promptly deliver to Lender a copy of the determination of the arbitrators or appraisers in each such proceeding.
The Company’s subsidiary, Coolisys, entered into a Trust Agreement and Tenancy in Common Agreement with Roni Kohn, who owns a 72% interest in the Property, the daughter of Mr. Kohn and an Israeli citizen.
The Tenancy in Common Agreement is in full force and effect and has not been modified or amended, Borrower is not in default under the Tenancy in Common Agreement, and there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default under the Tenancy in Common Agreement.