BCLT definition
Examples of BCLT in a sentence
The original and current balance due for each such encumbrance is contained in the financial statements provided by LCHDC to BCLT.
Neither BCLT nor LCHDC has any other employment commitments as of the date of execution of this Plan of Merger.
Following the merger, the separate existence of LCHDC shall cease and BCLT shall continue as the surviving corporation and shall succeed to and assume all of the rights and obligations of LCHDC in accordance with the Act.
To ensure the continuity of the Board of Directors, after the Designated Board is chosen pursuant to Section 1 of this Article III, Directors elected at the first Annual Meeting following the merger between BCLT and LCHDC shall draw lots among themselves so that one Director in each category shall begin a one-year term, two Directors in each category shall begin a two-year term, and two Directors in each category shall begin a three- year term.
By the Effective Date, BCLT shall provide notice of the merger to each lender that has entered into a mortgage rider with BCLT and in the applicable Land Records and provide sufficient information about Champlain Housing Trust, Inc.
All obligations of BCLT and LCHDC under this Plan of Merger are subject to the fulfillment of each of the following conditions described in this Section 9 at or prior to the Closing.
By the Effective Date, BCLT shall provide notice in the applicable Land Records of the fact of the merger and sufficient information about Champlain Housing Trust, Inc.
The parties shall provide notice of the merger to all property owners in which LCHDC holds an option and to all property owners on whose property BCLT holds an option but who are not members of BCLT.
LCHDC and BCLT have made a number of loans to low income families to improve the condition of their homes and/or assist them in purchasing their home.
LCHDC and BCLT hold or may hold options to purchase/rights of refusal for individual units owned by private individuals.