Transeastern JV definition

Transeastern JV means the Entity formed by TOUSA Homes, L.P. and certain Entities related to Falcone/Ritchie LLC to acquire substantially all of the homebuilding assets of Transeastern Properties, Inc.
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Examples of Transeastern JV in a sentence

  • Bar 4-1.5(f)(2) [Every lawyer who accepts a retainer or enters into an agreement, express or implied, for compensation for services rendered or to be rendered in any action, claim, or proceeding whereby the lawyer’s compensation is to be dependent or contingent in whole or in part upon the successful prosecution or settlement thereof shall do so only where such fee arrangement is reduced to a written contract, signed by the client, and by a lawyer for the lawyer or for the law firm representing the client.

  • Following the Effective Date, the Wxxxxxxx Island Owner shall be solely responsible for the continuation of such permitting and approval process, however, the TOUSA Entities and the Transeastern JV Entities shall make available to the Wxxxxxxx Island Owner for consultation all employees, agents, engineers, attorneys or other parties which have been involved in the permitting and approval process for the Wxxxxxxx Island project at no cost to the Wxxxxxxx Island Owner.

  • A downturn in the housing market caused the Transeastern JV to encounter financial trouble, and on December 4, 2006, the Transeastern Lenders brought suit against TOUSA for repayment of the Transeastern Loans (the “Transeastern Litigation”).

  • Neither the TOUSA Entities, the Transeastern JV Entities or the Wxxxxxxx Island Owner shall have any liability or obligation to each other as a consequence of any actions taken or failed to have been taken in connection with such permitting and approval process.

  • The remainder of the loan proceeds was used to purchase the Transeastern JV, at which point TOUSA became its sole owner, and to pay fees for financing, legal and professional services.

  • Lee calculates the financial benefits received in the Transaction by combining the value of settling the Transeastern JV bank debt ($521.9 million), the current income tax benefit9 ($54.8 million) and the net assets acquired (ranging from $33.3 million to $180.6 million) to conclude that the benefits received ranged from $610.0 at the low end, to $757.3 at the high end.

  • The TOUSA/Kendall Settlement terminated option and construction agreements between the Transeastern JV and the Kendall Entities, settled claims that arose out of the Transeastern JV’s real estate project known as “Kendall Commons,” and provided that the Kendall Entities be paid millions of dollars and receive “non-cash” transfers in the form of releases and other obligations by the TOUSA Entities.

  • Lee valued the settlement of the Transeastern JV bank debt at $521.9 million, based on the $400 million paid to the senior facilities, $20.8 million interest on the senior facilities and the $9.1 million in PIK notes, $84 million in PIK preferred stock and $8 million in warrants issued.

  • The Transeastern JV Entities shall diligently continue such development activities in order to achieve the timely completion of such improvements.

  • As noted herein, the Transeastern JV was formed in order to acquire substantially all of Transeastern’s homebuilding assets.

Related to Transeastern JV

  • Minority or Women-Owned Business Enterprise means a business enterprise, including a sole proprietorship, partnership or corporation that is:

  • Minority Owned Business Enterprise or "MBE" means a firm awarded certification as a minority owned and controlled business in accordance with City Ordinances and Regulations as well as a firm awarded certification as a minority owned and controlled business by Cook County, Illinois. However, it does not mean a firm that has been found ineligible or which has been decertified by the City or Cook County.

  • Women Owned Business Enterprise or "WBE" means a firm awarded certification as a women owned and controlled business in accordance with City Ordinances and Regulations as well as a firm awarded certification as a women owned business by Cook County, Illinois. However, it does not mean a firm that has been found ineligible or which has been decertified by the City or Cook County.

  • Surviving Business Entity has the meaning assigned to such term in Section 14.2(b).

  • EBS means Electronic Bid Submission.

  • CST means Central Sales Tax

  • JV means Joint Ventures

  • MINORITY BUSINESS ENTERPRISE (MBE means an individual, partnership, corporation or joint venture of any kind that is owned and controlled by U. S. Citizens and residents of Ohio, who are and have held themselves out as members of the following socially and economically disadvantaged groups: Blacks, American Indians, Hispanics and Asians. Only businesses certified by the State of Ohio Equal Opportunity Division in accordance with Section 123.151 of the Ohio Revised Code shall be recognized as being MBE certified within the purpose of this invitation.

  • JV Entity means any joint venture of the Borrower or any Restricted Subsidiary that is not a Subsidiary.

  • Transferred Entities means the entities set forth on Schedule 1.5.

  • Women Business Enterprise (WBE) as used in this policy means a business enterprise that meets all of the following criteria:

  • Business Entity means a natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of this State or of any other state or foreign jurisdiction;

  • Acquired Entities means the Company and each of its Subsidiaries, collectively.

  • Business enterprise means a firm, sole proprietorship, partnership, association, corporation, company, or other business entity of any kind including, but not limited to, a limited liability corporation, incorporated professional association, joint venture, estate, or trust.

  • HK Company shall have the meaning ascribed to it in the preamble of this Agreement.

  • minority business enterprise means any small contractor or supplier of materials fifty-one percent or more of the capital stock, if any, or assets of which is owned by a person or persons: (1) who are active in the daily affairs of the enterprise, (2) who have the power to direct the management and policies of the enterprise, and (3) who are members of a minority, as such term is defined in subsection (a) of Connecticut General Statutes § 32-9n; and

  • Minority-owned business means a business that is at least 51 percent owned by one or more minority individuals who are United States citizens or legal resident aliens, or in the case of a corporation, partnership, or limited liability company or other entity, at least 51 percent of the equity ownership interest in the corporation, partnership, or limited liability company or other entity is owned by one or more minority individuals who are United States citizens or legal resident aliens, and both the management and daily business operations are controlled by one or more minority individuals.

  • Newco has the meaning set forth in the first paragraph of this Agreement.

  • Brookfield Group means Brookfield and any Affiliates of Brookfield, other than any member of the BREP Group;

  • Related Entities means contractors and subcontractors of a Party at any tier; grantees, investigators, customers, and users of a Party at any tier and their contractors or subcontractor at any tier; or, employees of the Party or any of the foregoing.

  • Trading Affiliate has the meaning set forth in Section 3.2(h).

  • Community or broad-based enterprise means an enterprise that has an empowerment shareholder who represents a broad base of members such as a local community or where the benefits support a target group, for example black women, people living with disabilities, the youth and workers. Shares are held via direct equity, non-profit organisations and trusts.

  • Ohio Business Gateway means the online computer network system, created under section 125.30 of the Ohio Revised Code, that allows persons to electronically file business reply forms with state agencies and includes any successor electronic filing and payment system.

  • Black People is a generic term which means Africans, Coloureds and Indians;

  • Spinco Subsidiaries means all direct and indirect Subsidiaries of SpinCo, after giving effect to the Reorganization.

  • SpinCo Entities means the entities, the equity, partnership, membership, limited liability, joint venture or similar interests of which are set forth on Schedule IV under the caption “Joint Ventures and Minority Investments.”