Controlled Ownership Entity definition
Examples of Controlled Ownership Entity in a sentence
If the Consultant (or its designee) and the Controlled Ownership Entity do not enter into a definitive agreement for the purchase and sale of such Controlled Tax Credit Property within such thirty (30) day period or the Consultant does not negotiate in good faith, then the Consultant shall cease to have any rights hereunder with respect to such Controlled Tax Credit property, except as provided below.
If the Controlled Ownership Entity does not consummate the sale of the Controlled Tax Credit Property to a third party on or prior to the nine (9) month anniversary of the date on which the Property ROFR Notice was sent to the Consultant, then the Consultant’s rights hereunder with respect to such Controlled Tax Credit Property shall be reinstated.
Within five (5) Business Days of receipt of the Interest ROFO Exercise Notice, the Company shall provide the Consultant with information with respect to the Tax Credit Equity Interest and shall allow the Consultant, upon reasonable notice and to the extent the Company has the direct or indirect ability to do so, to inspect the applicable Controlled Tax Credit Property and the books and records of the applicable Controlled Ownership Entity.
If the Consultant does timely send a Property ROFR Exercise Notice to the Company, then the Consultant shall, and the Company shall cause the Controlled Ownership Entity to, negotiate with one another in good faith for a period of up to thirty (30) days to reach a definitive agreement for the purchase and sale of such Controlled Tax Credit Property.
Within five (5) Business Days of receipt of the Property ROFO Exercise Notice, the Company shall cause the Controlled Ownership Entity to provide the Consultant with the Property Information and shall allow the Consultant upon reasonable notice to inspect the Controlled Tax Credit Property and the books and records of the Controlled Ownership Entity.
If the Consultant (or its designee) and the Controlled Ownership Entity do not enter into a definitive agreement for the purchase and sale of such Tax Credit Equity Interest within such forty-five (45) day period or the Consultant does not negotiate in good faith, then the Consultant shall cease to have any rights hereunder with respect to such Tax Credit Equity Interest, except as provided below.
Within five (5) Business Days of receipt of the Interest ROFR Exercise Notice, the Company shall provide the Consultant with information with respect to the Tax Credit Equity Interest and shall allow the Consultant, upon reasonable notice and to the extent the Company has the direct or indirect ability to do so, to inspect the applicable Controlled Tax Credit Property and the books and records of the applicable Controlled Ownership Entity.
If the Consultant does timely send a Property ROFO Exercise Notice to the Company, then the Consultant shall, and the Company shall cause the Controlled Ownership Entity to, negotiate with one another in good faith for a period of up to forty-five (45) days to reach a definitive agreement for the purchase and sale of such Controlled Tax Credit Property.
If the Consultant (or its designee) and the Controlled Ownership Entity do not enter into a definitive agreement for the purchase and sale of such Controlled Tax Credit Property within such forty-five (45) day period or the Consultant does not negotiate in good faith, then the Consultant shall cease to have any rights hereunder with respect to such Controlled Tax Credit Property, except as provided below.
Within five (5) Business Days of receipt of the Property ROFR Exercise Notice, the Company shall cause the Controlled Ownership Entity to provide the Consultant with the Property Information and shall allow the Consultant upon reasonable notice to inspect the Controlled Tax Credit Property and the books and records of the Controlled Ownership Entity.