Strata Corporation Sample Clauses

Strata Corporation. The Landlord and the Tenant agree that the provisions contained in this Lease shall be subject to and deemed to be modified as required to comply with the terms of the Condominium Act, the By-laws and Rules and Regulations to reflect the fact that the Premises comprise a strata lot of which the Landlord is Owner and that certain payments and obligations of the Landlord hereunder may in fact be made or performed by the Strata Corporation. Where any payments to be made or obligations to be performed or which may be made or performed by the Landlord hereunder are in fact made or performed by the Strata Corporation the Landlord shall be deemed to have fulfilled its obligations hereunder and any corresponding repayment or obligations of the Tenant may thereafter be made to or performed for the benefit of the Strata Corporation where any obligations to be performed by the Landlord hereunder are obligations of the Strata Corporation under the Condominium Act or the Bylaws or the Rules and Regulations, the Landlord's obligation shall be interpreted as meaning that the Landlord shall use its best efforts to cause the Strata Corporation to perform such obligations.
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Strata Corporation. It is specifically agreed that the Project will be registered under a Strata Plan and a Strata Corporation will be created. The Owner become an Owner Developer, under the terms of the Act, and will forthwith cause the Strata Corporation to enter into, execute and be bound by an Operating Lease contract and to further execute a separate document to grant a Specific Security Agreement to EIC requiring an assignment of Common Expense Fees to EIC in the event of any default under the Operating Lease.
Sample 1

Related to Strata Corporation

  • Corporation The Corporation will not, by amendment of its Articles or through any reorganization, recapitalization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Corporation, but will at all times in good faith assist in the carrying out of all the provisions of this Warrant and in the taking of all such action as may be necessary or appropriate in order to protect the rights of the holder of the Warrant against impairment.

  • NCL CORPORATION LTD an exempted company incorporated under the laws of Bermuda with its registered office at Park Xxxxx, 00 Xxx-xx-Xxxxx Xxxx, Xxxxxxxx XX 00, Bermuda (the "Guarantor")

  • Corporation, etc The Buyer is a corporation (other than a bank, savings and loan association or similar institution), Massachusetts or similar business trust, partnership, or charitable organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended.

  • Name of Surviving Corporation After the merger, the Surviving Corporation shall have the name "Capital Bank Corporation"

  • Real Property Holding Corporation The Company is not and has never been a U.S. real property holding corporation within the meaning of Section 897 of the Internal Revenue Code of 1986, as amended, and the Company shall so certify upon Purchaser’s request.

  • Residential Funding Corporation If Residential Funding Corporation is found by a court of competent jurisdiction to no longer be able to fulfill its obligations as REMIC Administrator under this Agreement the Master Servicer or Trustee acting as Master Servicer shall appoint a successor REMIC Administrator, subject to assumption of the REMIC Administrator obligations under this Agreement.

  • The Limited Liability Company 8 2.1 Formation; Effective Date of Agreement .................................... 8 2.2 Name ...................................................................... 8 2.3 Business Purpose .......................................................... 9 2.4 Powers .................................................................... 9 2.5 Duration .................................................................. 9 2.6 Registered Office and Registered Agent .................................... 9 2.7

  • Not a U.S. Real Property Holding Corporation The Acquiror Company is not and has not been a United States real property holding corporation within the meaning of Section 897(c)(2) of the Code at any time during the applicable period specified in Section 897(c)(1)(A)(ii) of the Code.

  • Western will as requested by the Manager oversee the maintenance of all books and records with respect to the investment transactions of the Fund in accordance with all applicable federal and state laws and regulations, and will furnish the Directors with such periodic and special reports as the Directors or the Manager reasonably may request.

  • Subsidiaries and Predecessor Corporations The Company does not have any predecessor corporation(s) or subsidiaries, and does not own, beneficially or of record, any shares of any other corporation.

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