EFY Owner definition

EFY Owner has legal title to its interest in the Properties, subject to the existing state of title to such Properties.
View Source
EFY Owner shall have the meaning given such term in the Recitals of this Agreement.
View Source

Examples of EFY Owner in a sentence

  • Performance of the obligations of EFY Owner and Equity under the Asset Management Agreement shall be secured by an irrevocable letter of direction to Lender with respect to payment of any cash flow, in a form acceptable to USRA.

  • On the Closing Date, Purchaser shall cause Equity and EFY Owner to enter into that certain Asset Management Agreement with U.S. Realty Advisors, LLC ("USRA") in the form attached hereto as Schedule D (the "Asset Management Agreement").

  • The Worker’s Compensation policy will also include Employer’s Liability Insurance, endorsed to waive subrogation against Client for any claim arising out of this Agreement, with minimum limits of $1,000,000 each accident, $1,000,000 each disease, and $1,000,000 each employee for disease.

  • Purchaser acknowledges that neither any bank accounts maintained by Equity or EFY Owner nor any funds therein will become the property of, be transferred to, or become under the control of, the Purchaser upon the Closing.

  • EFY Owner financed the acquisition of its interests in the Properties with a loan (the "Financing") from Berkshire Hathaway Credit Corporation (together with its successors and assigns, the "Lender"), and as security therefor entered into the Indenture of Mortgage, Deed of Trust, Security Agreement, Fixture Filing, Financing Statement and Assignment of Rents and Leases (as amended, the "Mortgage"), and other instruments and documents (collectively, as amended, the "Loan Documents").

  • EFY Owner has entered into a net lease of the Properties (as amended, the "Lease") with Universal Commercial Credit Leasing VI, Inc.

Related to EFY Owner

  • Co-Owner means a Person who owns an Ownership Interest and a Co-Owner of a Series means a Person who owns an Ownership Interest of the Series.

  • Equity Owner means the direct or indirect owner of an Equity Interest. “Expiration Date” has the meaning set forth in Section 3.

  • Lot Owner means a declarant or other person who owns a lot, or a lessee of a lot in a leasehold planned community whose lease expires simultaneously with any lease the expiration or termination of which will remove the lot from the planned community, but does not include a person having an interest in a lot solely as security for an obligation.

  • New Owner means, collectively, the HDFC and the Company.

  • crew member means a person assigned by an operator to duty on an aircraft during a flight duty period;