CTLH definition
Examples of CTLH in a sentence
The term “Responsible Party” shall mean, individually and collectively, CT Manager, CTLH, REIT Holdings, Borrower, AssetCo and all Senior Borrowers.
Borrower has provided Mezzanine Lender with true, correct and complete copies of all Charter Documents for CT Manager, CTLH, REIT Holdings, Borrower, AssetCo and each Senior Borrower.
Notwithstanding the provisions of paragraph 4 hereof, if Seller secures its obligation to ▇▇▇▇▇▇▇▇▇▇ & Associates with the CTLH shares, the parties agree to authorize the Escrow Agent to hold such shares in furtherance of the payment Agreement.
All covenants, representations and warranties contained in this Agreement or the other Mezzanine Loan Documents or made in writing by or on behalf of CT Manager, CTLH, REIT Holdings, Borrower, AssetCo or any Senior Borrower in connection with the transactions contemplated by this Agreement or the other Mezzanine Loan Documents shall survive until the Mezzanine Loan has been repaid in full.
The Escrow Agent shall hold the $75,000 cash and the CTLH shares for safekeeping and disposition only pursuant to the terms hereof.
SELLER /S/ PURCHASER /S/ ESCROW AGENT /S/ PAGE 4 ------------ ------------ ------------ If the sale of the CTLH shares is not consummated, however, his fees and expenses hall be paid by Seller, in an amount not to exceed $1,000.
Seller acknowledges that ever certificate representing the CTLH shares shall bear a legend which substantially sets forth such restrictions upon transfer.
If the sale of the CTLH shares is consummated, such fees and expenses shall be paid by Purchaser, and delivery of the CTLH shares to Seller shall not be held up for any failure of Purchaser to make such payment.
The Mezzanine Lender shall have received true, complete and correct copies of all of the Senior Loan Documents, Charter Documents of the CT Manager, CTLH, REIT Holdings, Borrower, AssetCo and each Senior Borrower and Transaction Documents and a certificate of Borrower in form and substance reasonably satisfactory to the Mezzanine Lender to such effect.
Subject to the completion of the Agreement by the Closing Date (or any extension thereof), the Escrow Agent shall by first-class mail postage prepaid, promptly forward the CTLH shares to Seller, and deliver the $75,000 cash good faith deposit to ▇▇▇▇▇▇▇▇▇▇ & Associates.