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 means the person(s) designated to inherit the Policy in the event of the death of the Policyholder;
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Examples of Second Owner in a sentence

  • On and after the Vesting Date, the Second Owner shall be entitled to direct the voting of a number of Shares as calculated below (the “Specified Number”), which direction shall be given by the Second Owner to the Company and conveyed by the Company to the First Owner, and the First Owner shall vote the balance of the jointly-held Shares, including any Shares as to which it does not receive a direction from the Second Owner, in the same manner as prior to the Vesting Date.

  • 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.

  • 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.

  • 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%.

  • No part of any such dividend or distribution that is paid in respect of such Shares shall be allocable to the Second Owner.

  • The First Owner’s obligations under the XXXX in respect of the Second Owner shall be owed solely to, and shall be enforceable solely by, the Corporation, and the Second Owner shall have no recourse against the First Owner.

  • The Second Owner hereby consents to service of process in the State of Delaware pursuant to a notice sent to the Second Owner at the address specified in the Particulars of Award.

  • The terms of this Agreement may only be amended in writing by an instrument or deed executed by the Second Owner and the Corporation.

  • A party or the Second Owner can modify its notice address for purposes of this Clause by notice given hereunder or by other means reasonably calculated to provide effective notice to the parties hereto.

  • In the event that MEC sells the Xxxxxx Energy Center to a third party (a “Second Owner”), BAMAGAS agrees that if requested by MEC it will enter into a new agreement with the Second Owner on the same terms and conditions as this Agreement.


More Definitions of Second Owner

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.

  • Timber owner means any person having all or any part of the legal interest in timber. Where such timber is subject to a contract of sale, "timber owner" shall mean the contract purchaser.

  • IRA Owner – Means the individual whose name appears on the Adoption Agreement, who is establishing the IRA.

  • Permit Holder means the Person to whom a Building Permit has been issued.

  • Over 10% Owner means an individual who at the time an Incentive Stock Option is granted owns Stock possessing more than 10% of the total combined voting power of the Company or one of its Subsidiaries, determined by applying the attribution rules of Code Section 424(d).

  • Record owner means, as of any particular time, a record owner of Outstanding Shares of the Trust shown on the books of the Trust or any Portfolio or the Trust’s transfer agent as then issued and outstanding at such time;

  • Project Owner means the legal entity that ultimately owns the Project and to which Tax Credits will be allocated.

  • Master Tenant means any entity approved by HUD now or hereafter leasing the Healthcare Facility pursuant to a Master Lease.

  • Unit owner means the declarant or other person who owns a unit, or a lessee of a unit in a leasehold common interest community whose lease expires simultaneously with any lease, the expiration or termination of which will remove the unit from the common interest community but does not include a person having an interest in a unit solely as security for an obligation. In a condominium or planned community, the declarant is the owner of any unit created by the declaration until that unit is conveyed to another person, in a cooperative, the declarant is treated as the owner of any unit to which allocated interests have been allocated pursuant to section 38-33.3-207 until that unit has been conveyed to another person, who may or may not be a declarant under this article.

  • Property Owner means any person shown as the owner of land on the last equalized assessment roll or otherwise known to be the owner of land by the city council. “Business owner” means any person recognized by the city as the owner of the business. “Owner” means either a business owner or a property owner. The city council has no obligation to obtain other information as to the ownership of land or businesses, and its determination of ownership shall be final and conclusive for the purposes of this part. Wherever this part requires the signature of the property owner, the signature of the authorized agent of the property owner shall be sufficient. Wherever this part requires the signature of the business owner, the signature of the authorized agent of the business owner shall be sufficient.

  • Optionor shall have the meaning set forth in Section 5.15.

  • Working interest owner means a person or the estate of a person who owns an interest in oil and/or gas in the unit area by virtue of a lease, operating agreement, fee title, or otherwise, including a carried interest, the owner of which is obligated to pay, either in cash or out of production or otherwise a portion of the unit expense. “Working interest owner” does not include an unleased mineral owner.

  • Mortgage broker means any person who for compensation or

  • Escrow Holder means the bank or trust company designated as such pursuant to Section 9 hereof.

  • Consenting working interest owner means any working interest owner who enters into an agreement with SWN pertaining to the operation of the Posey B Unit.

  • Royalty interest owner means a person or the estate of a person, other than a working interest owner, who owns the right to or interest in any portion of the oil and/or gas, or proceeds from the sale thereof, from a tract.

  • Redeveloper means any person, firm, corporation or public

  • Non-consenting working interest owner means a working interest owner who does not enter into an agreement with Ascent pertaining to the operation of the Pointer N CRC JF Unit. At the time of this order, there are no non-consenting working interest owners identified by Ascent.

  • Property Owners association" or "association" means an incorporated or unincorporated entity upon

  • The Owner/Company/BPCL means the Bharat Petroleum Corporation Limited, incorporated in India having its registered office at 4 & 6, Currimbhoy Road, Ballard Estate, Mumbai - 400 038 or their successors or assigns

  • Contract Owner means the holder of interests in a variable annuity or variable life insurance contract issued by the Company.

  • Sub-Lessee means a lease/license by a Lessee of part or all of leased space to another person.