Examples of Unrelated Party in a sentence
In the event that the application for assignment of a PILOT, to an Unrelated Party is approved by EDGE, transfer fees shall be charged on the following basis and payable immediately upon such assignment.
For purposes of the preceding sentence, the taxes that would have been incurred in an Unrelated Party Sale at the Formula Price shall be net of any refund of taxes that would have been obtained had withholding under Section 1445 of the Code (or any successor provision) applied to such Unrelated Party Sale.
Without limiting the foregoing, the Division shall not be deemed to be an agency, instrumentality, partner, joint venture or agent of any Unrelated Party.
PILOT benefits are not assignable to an Unrelated Party without the prior written consent of EDGE.
Without limiting the foregoing, for purposes of any obligation owing to the Vendor in connection with this Contract, the City shall not be deemed to be a partner, joint venturer, or agent of any Unrelated Party.