DDRC definition
Examples of DDRC in a sentence
DDRC has all requisite power and authority to enter into the Transaction Documents and to carry out the transactions contemplated hereby and thereby.
At the Closing, the General Partner, DDRC or a Person in which DDRC, directly or indirectly, owns 100% of such Person's equity securities, and PREI will enter into Limited Partnership Agreements to form the Ventures for the purposes of directly or indirectly acquiring, owning, managing, selling and disposing of Approved Investments.
The Transaction Documents have been or will be executed and delivered by a duly authorized officer of DDRC and constitute, or will constitute upon execution and delivery, the valid and binding obligations of DDRC enforceable against DDRC in accordance with the terms hereof and thereof, subject as to enforcement to bankruptcy, insolvency, reorganization and other laws of general applicability relating to or affecting creditors' rights and to general principles of equity.
No party hereto shall have the right to assign any right or obligation under this Agreement to any other Person, except that (i) DDRC shall have the right to assign all or any portion of its interest in any Venture to a Person in which DDRC, directly or indirectly, owns 100% of such Person's equity securities and (ii) each of the parties hereto shall be entitled to assign all or any portion of its interest in any Venture to the extent permitted by the applicable Limited Partnership Agreement.
DDRC shall be permitted to acquire any Real Estate Investment that was not approved by PREI pursuant to Section 3.06 of a Limited Partnership Agreement.
Subject to the terms and conditions of this Agreement, each of DDRC and the PREI Investors will fund their Capital Commitment with respect to each Venture in such amounts and at such times as shall be specified in the Limited Partnership Agreement applicable to such Venture.
Interested families need to apply through their local Community Centered Board (e.g., DDRC).
The Closing shall take place by mail or telefax on the date hereof after the satisfaction or waiver of each of the conditions precedent with respect to the Ventures (which shall include without limitation all of the conditions precedent set forth in Sections 4.1, 4.2 and 4.3 hereof), or on such other day as DDRC, the General Partner and PREI shall agree or at such other place as DDRC, the General Partner and PREI shall agree (such date referred to as the "Closing Date").
DDRC will contribute 25% and the PREI Investor participating in a Venture will contribute 75%, of the aggregate capital contributed to such Venture by its Limited Partners, subject to Sections 2.2 and 2.
As part of Early Childhood Connections in Jefferson, Clear Creek, ▇▇▇▇▇▇ and Summit Counties, DDRC offers educational and therapeutic supports to children birth to three with developmental concerns.