EWRD V definition

EWRD V means East West Resort Development V L.P., L.L.L.P., a Delaware limited liability limited partnership.
EWRD V the meaning given to such term in the preamble.

Examples of EWRD V in a sentence

  • If an Emergency has occurred and EWRD V has satisfied its Capital Commitment, either Member may propose that the Members make Additional Contributions for Excess Capital in an amount necessary to mitigate the effects of such Emergency by giving a Notice to the other Member which states that an Emergency has occurred and specifies in reasonable detail the nature of such Emergency.

  • No Emergency Loan may be made at any time when EWRD V has not satisfied its Capital Commitment.

  • EWRD V (or an Affiliate of EWRD V) will be entitled to receive a management fee equal to 3% of the Gross Sales Price of each Unit, calculated and paid on a Project by Project basis.

  • As a mutual inducement to cause the Members to enter into this Agreement, EWRD V, Booth Creek and certain of their respective Affiliates and other Persons have entered into the Master Non-Competition Agreement in the form of Exhibit I.

  • If EWRD V (or its nominee) makes such election and contributes such cash to the applicable Project LLC within such 90 day period, EWRD V (or its nominee) will become the New Member on the terms set forth in the Admission Notice, subject to such New Member's full compliance with the other terms of the Operating Agreement of the applicable Project LLC relating to the admission of new members.

  • NEWCO shall mean Northstar Mountain Properties, LLC, the entity created by Buyer and East West Resort Development V, L.P., L.L.L.P., a Delaware limited liability partnership ("EWRD V") to own, develop and operate the Property and other parcels.

  • New workflows can be inserted here if a new task needs to be added to the grouping.

  • EWRD V will refund to the Company any overpayments of such fee, and the Company will pay to EWRD V any underpayments of such fee, as soon as is reasonably practicable and in any event promptly after the sales of all Units for a given Project are completed.

  • NEWCO shall mean that certain entity created by Seller and EWRD V to own, develop and operate the Property.

  • If, prior to the Project Completion Date of all Projects, Deadlock occurs, EWRD V may elect to exercise the Break-Up Remedy, by giving Notice to Booth Creek within 30 days after Deadlock occurs.

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