Condo Units definition
Examples of Condo Units in a sentence
The Security Deed shall provide that the construction lender shall release the Parking Garage Condo Unit from the Security Deed in exchange for a new leasehold security deed granted SEDA on the Office Building Condo Units.
The Parties acknowledge that the Project could consist of more than two (2) buildings based upon further reviews and approvals required from City; however, the Parties agree that each building will become a separate condominium unit as defined in the Declaration and shall be considered one of the Office Building Condo Units.
The purposes of the Ownership Entity shall be to hold the Collateral pending sale, complete construction of such Project, sell any Condo Units, and operate the Collateral as efficiently as possible in order to minimize financial loss to the Lenders and to sell the Collateral as promptly as practicable in a way designed to minimize financial loss to the Lenders.
Subject to the terms of this Agreement, B Participant shall have the exclusive right and obligation to collect any and all revenues generated by the Collateral (including proceeds from the sale of Condo Units), deposit such revenues into an interest bearing account for the benefit of the Lenders, and pay all Post-Acquisition Costs from such revenues.
Condo Units at Steamboat Ski Resort SCHEDULE 1.1D PLEDGED EQUITY Issuer Grantor Class of Stock/Units/ Partnership Interests Stock/Unit Certificate No. No. of Shares/Units 22 Station Development Corporation Intrawest California Holdings, Inc.
If the purchase price for any particular Additional Condo Unit does not exceed $100.00 per square foot, the Management Committee shall have the authority to approve the acquisition of any such Additional Condo Units.
Prior to the Closing, any Purchased Company that owns a Seller Condo Unit shall convey and transfer to Sellers’ Designee (as defined on Section 5.13 of the Disclosure Schedules) all of its right, title and interest in and to each of the Seller Condo Units that such Purchased Company continues to own as of such date including the actions set forth on Section 5.13 of the Disclosure Schedules, all of which are expressly permitted hereunder (the “Seller Condo Unit Conveyance”).
Pursuant to the P&S Agreement, Landlord may acquire certain Additional Condo Units (as defined in the P&S Agreement) after the Commencement Date.
Notwithstanding anything to the contrary contained herein, at any time prior to Closing, any Purchased Company that owns a Condo Unit (other than the Hotel Unit) may enter into a purchase and sale agreement with respect to the sale of Condo Units (other than the Hotel Unit) and/or consummate the sale of such Condo Unit (other than the Hotel Unit) on terms and conditions acceptable to such Purchased Company in its sole discretion.
As of the Closing Date, the portion of the Owned Real Property consisting of any Condo Units shall only include the Hotel Unit (together with all interests appurtenant thereto), and for the avoidance of doubt, shall not in any event include any Residential Unit (as defined in the Condominium Declaration).