PROPERTY DlSTRlBUTlON Sample Clauses

PROPERTY DlSTRlBUTlON. Upon termination of this Agreement, all assets which the Authority owns, holds or possesses at the time of such termination shall be sold, unless they must be disposed of by applicable contracts (such as lease agreements), rules or regulations pertinent to such property. lf property cannot be sold, the Board shall inquire if any Member may desire to purchase the property. lf a Member purchases the property. lf a Member purchases the property, the Member may choose to have the value of the property deducted from the Member final distribution, or may purchase the property not using funds from the final distribution. lf no member desires to purchase the property and the property cannot be sold, the property shall be donated to a non–profit organization. Once the property is sold, the Board of Directors shall distribute the funds equally among all Members, except where Members elected to purchase the property and have the property deducted from their final distribution.
Sample 1
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Related to PROPERTY DlSTRlBUTlON

  • Property Description A document prepared as an exhibit for the conveyance of a property interest, reflecting a boundary survey, signed and sealed by a Registered Professional Land Surveyor (RPLS), attached to an acquisition deed as Exhibit A, and consists of the following two (2) parts:

  • PROPERTY IMPROVEMENTS Improvements placed on National Forest System land at the direction of either of the parties, shall thereupon become property of the United States, and shall be subject to the same regulations and administration of the Forest Service as other National Forest improvements of a similar nature. No part of this instrument shall entitle the cooperator to any share or interest in the project other than the right to use and enjoy the same under the existing regulations of the Forest Service.

  • Access to Property, Property’s Management, Property Lender, and Property Tenants Potential Investor agrees to not seek to gain access to any non-public areas of the Property or communicate with Property’s management employees, the holder of any financing encumbering the Property, the Property’s tenants, and the Owner’s partners in the ownership of the Property, without the prior consent of Owner or HFF, which consent may be withheld in the Owner’s sole discretion.

  • THE PROPERTY The Landlord agrees to lease the described property below to the Tenant: (enter the property information)

  • Property Management Borrower will provide for professional management of the Mortgaged Property by the Property Manager at all times under a property management agreement approved by Lender in writing. Borrower will not surrender, terminate, cancel, modify, renew or extend its property management agreement, or enter into any other agreement relating to the management or operation of the Mortgaged Property with Property Manager or any other Person, or consent to the assignment by the Property Manager of its interest under such property management agreement, in each case without the consent of Lender, which consent will not be unreasonably withheld.

  • Procurement and Property Management Standards The parties to this Agreement shall adhere to the procurement and property management standards established in 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, and to the Texas Uniform Grant Management Standards. The State must pre-approve the Local Government’s procurement procedures for purchases to be eligible for state or federal funds.

  • Infrastructure Improvements The design, redevelopment and construction and completion of certain infrastructure improvements, including sewer, stormwater, electrical and water main improvements, along with other similar improvements.

  • SHOPPING CENTRES 1. The general terms and provisions of the VBIA shall apply to “Shopping Centres” (as defined) with the following variations:

  • PROJECT 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.

  • The Site The site of the Project Highway (the “Site”) shall comprise the site described in Schedule-A in respect of which the Right of Way shall be provided by the Authority to the Contractor. The Authority shall be responsible for:

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