EXPLANATORY STATEMENT. 6 A. Pursuant to Article II of Chapter 60 of the Harford County Code, as amended (the 7 “Act”), the County Council of Harford County, Maryland (the “County Council”) created the 8 Agricultural Land Preservation and Purchase of Development Rights Program to preserve 9 productive Agricultural Land and Woodland (each as defined in the Act), which provide for the 10 continued production of food and fiber for the citizens of the County.
EXPLANATORY STATEMENT a. Employer is engaged in the business of brewing, packaging, marketing, and distributing alcoholic malt beverages and other beverages.
EXPLANATORY STATEMENT. The Consultant affirms that it has successfully demonstrated financial and public relations consulting expertise, and possesses valuable knowledge, and experience in the areas of business finance and corporate investor/public relations. The Company believes that the Consultant’s knowledge, expertise and experience would benefit the Company, and the Company desires to retain the Consultant to perform consulting services for the Company under this Agreement.
EXPLANATORY STATEMENT. The parties hereto have agreed to organize and operate a limited liability company in accordance with the terms and subject to the conditions set forth in this Agreement.
EXPLANATORY STATEMENT. A.On June 15, 2021, the Borrower executed and delivered to the order of the Lender that certain Revolving Note (the “Original Note”), which note evidences a loan in the original maximum principal amount of Fifteen Million and No/100 Dollars ($15,000,000.00) and on evendate therewith, the Borrower executed and delivered to the order of the Lender that certain Security Agreement (the “Original Credit Agreement” together with the Original Note, collectively the “Original Loan”).
EXPLANATORY STATEMENT. The parties have agreed to organize and operate a limited liability company in accordance with the provisions of the “New Jersey Limited Liability Company Act” and subject to the terms and conditions set forth in this Agreement.
EXPLANATORY STATEMENT. Borrower is a direct or indirect subsidiary or affiliate of the Company. At the request of the Company and the Borrower, BOCFC has agreed to make one or more loans to the Borrower in the aggregate amount of $2,116,100 (collectively the "LOAN"). The Loan to Borrower will be evidenced by one or more promissory notes of Borrower in favor of BOCFC (collectively the "BORROWER NOTES") and will be secured by one or more first lien deeds of trust (collectively the "SECURITY INSTRUMENTS") on certain parcels of real property and the improvements thereon owned by Borrxxxx. Xxe Company will provide a limited guaranty of the Loan. As an inducement to BOCFC to make the Loan to the Borrower, and without which BOCFC would not make the to the Borrower, the Company and the Borrower have agreed to pay the Additional Interest to the BOCFC with respect to the Loan in accordance with the terms and conditions of this Note. The Additional Interest shall be in an amount equal to the profit which BOCFC would have realized if the Company had issued to BOCFC on the date hereof a Warrant to purchase the Warrant Shares (both as hereinafter defined), and BOCFC had exercised such Warrant in whole or in part, at such time or times as BOCFC determined and immediately sold the Warrant Shares issued upon such exercise, subject however to a stated minimum amount of $10.00.
EXPLANATORY STATEMENT. X. Xxxxxx Edge Corporate Campus LLC, a Maryland limited liability company (“WECC”), and Tenant entered into an Agreement of Lease dated June 25, 2003 (the “Original Lease”), whereby Tenant leased from Landlord (i) that portion of the third (3rd) and fourth (4th) floors containing, in the aggregate, thirty-two thousand thirty-one (32,031) rentable square feet (“Premises A”), and (ii) that portion of the fourth (4th) floor containing eight thousand three hundred forty-one (8,341) rentable square feet (“Premises B”; Premises A and Premises B, with a combined rentable area of forty thousand three hundred seventy-two (40,372) rentable square feet, are hereinafter referred to collectively as, the “Original Leased Premises”) in the building known as Building 1 (the “Building”), a four-story office building located at 0000 Xxxxxxxxxx Xxxxx, Xxxxxxx, Xxxxxxx Xxxxxx, Xxxxxxxx.
EXPLANATORY STATEMENT. The parties hereto desire to enter into the business of purchasing, acquiring, operating, leasing, owning and selling Grape acreage and other specialty crop(s), including but not limited to that certain parcel of land, and all improvements constructed thereon, described as [specify address] and engaging in any other lawful phase or aspect of viticulture or specialty crop agriculture. In order to accomplish their aforesaid desires, the parties hereto desire to join together in a general partnership under and pursuant to the Uniform Partnership Act, amended from time to time (the "Act").
EXPLANATORY STATEMENT. UME is a unit of the College of Agriculture of the University of Maryland, College Park, a Maryland State land-grant university. Pursuant to federal law and Department of Agriculture (“USDA”) regulations, UME administers the 4-H Program in Maryland, including issuing Charters to 4-H Clubs and granting permission to 4-H Clubs and other entities to use the 4-H name and logo. The Foundation is a voluntary nonprofit corporation organized under the laws of the State of Maryland, with its principal offices in College Park, Maryland. The mission of the Foundation is to advance the interests and work of 4-H throughout Maryland, including the 4-H Program at the University. The Foundation is recognized as an Affiliated Foundation of the University; as such, it operates in accordance with the University’s Policy on Affiliated Foundations and an annual Operating Agreement with the University. The Club is a nonprofit unincorporated association located in (County/Baltimore City), Maryland. The Club has received a 4-H Charter from UME and USDA, a copy of which is attached as Attachment 1. The Charter authorizes the Club to use the 4-H name and emblem for educational purposes and requires it to operate in accordance with the requirements of UME, which oversees Club activities and finances. UME requirements for 4-H Clubs include the Maryland 4-H Club Charter Requirements and the Maryland 4-H Club Financial Guidelines, current copies of which are attached for information purposes as Attachments 2 and 3, respectively. The Club has received federal tax exempt status under a 4-H group exemption number (“GEN”) issued by the Internal Revenue Service (IRS) to USDA. The USDA’s GEN is currently set to expire, requiring 4-H Clubs and other 4-H entities to maintain their tax exempt status through other means. The Foundation is recognized as tax exempt under §501(c)(3) and as a non-private foundation under Section 509(a)(1) and 170(b)(1)(a)(vi) of the Internal Revenue Code. Pursuant to its Operating Agreement with the University, the Foundation has applied or will apply, as a central organization, for a GEN under the Internal Revenue Code. The Foundation’s GEN will include as subordinate organizations those Maryland 4-H Clubs and other 4-H entities that are affiliated with the Foundation. The IRS requires a central organization to exercise general supervision or control over its GEN subordinates for tax purposes. In recognition of their common purpose and missions, the Club and Founda...
