CONCERNING THE OWNERS Clause Samples
The "Concerning the Owners" clause defines the rights, responsibilities, and obligations of the property owners within the context of the agreement. It typically outlines what actions owners are permitted or required to take, such as maintaining the property, complying with regulations, or participating in decision-making processes. This clause ensures that all parties understand the scope of the owners' authority and duties, thereby promoting clarity and preventing disputes related to ownership roles.
CONCERNING THE OWNERS. Section 4.01 Action by Owners with Respect to Certain Matters.
CONCERNING THE OWNERS. 14 Section 4.01. ACTION BY OWNERS WITH RESPECT TO CERTAIN MATTERS......................................14 Section 4.02.
CONCERNING THE OWNERS. 13 Section 4.01 Action by Owners with Respect to Certain Matters........13 Section 4.02
CONCERNING THE OWNERS. Section 4.01
CONCERNING THE OWNERS. Section 4.01 Action by Owners with Respect to Certain Matters 13 Section 4.02 Action Upon Instructions 14 Section 4.03 Supermajority Control 15 Section 4.04 Representations and Warranties of the Depositor 15 Section 4.05 Power of Attorney 15 Section 5.01 Investment of Trust Funds 16 Section 5.02 Application of Funds 16 Section 6.01 Tax Characterization 17 Section 6.02 Initial Capital Contributions of Owners 17 Section 6.03 Capital Accounts 17 Section 6.04 Interest 18 Section 6.05 No Additional Capital Contributions 18 Section 6.06 Investment of Capital Contributions 18 Section 6.07 Repayment and Return of Capital Contributions 18 Section 7.01 Profit 18 Section 7.02 Loss 18 Section 7.03 Special Allocations 19 Section 7.04 Curative Allocations 21 Section 7.05 Other Allocation Rules 21 Section 7.06 Distribution of Net Cash Flow 21 Section 7.07 Distribution Date Statement 22 Section 7.08 Allocation of Tax Liability 22 Section 7.09 Method of Payment 22 Section 7.10 No Segregation of Funds; No Interest 22 Section 7.11 Interpretation and Application of Provisions by the Administrator 22 Section 8.01 General Authority 23 Section 8.02 Specific Authority 23 Section 8.03 General Duties 23 Section 8.04 Accounting and Reports to the Owners, the Internal Revenue Service and Others 23 Section 8.05 Signature of Returns 24 Section 8.06 Right to Receive and Rely Upon Instructions 24
CONCERNING THE OWNERS. Section 4.01 Action by Owners with Respect to Certain Matters 13 Section 4.02 Action Upon Instructions 14 Section 4.03 Super-majority Control 15 Section 4.04 Representations and Warranties of the Depositor 15 Section 4.05 Power of Attorney 15
CONCERNING THE OWNERS