FW Properties definition
Examples of FW Properties in a sentence
The Acquisition when aggregated with the acquisition of the FW Properties (details of which were set out in the Company’s announcement dated 9 August 2016) still remains as a very substantial acquisition transaction under the Listing Rules.
Notwithstanding the foregoing, should NYCB foreclose ▇▇▇ ▇▇ ▇▇▇ ▇ortgages against any of the FW Properties or any of the FW Properties are conveyed by deed in lieu of foreclosure, and the Cash Collateral is retained by NYCB and applied against the subject indebtedness, Lichtenstein shall have no further right to the Cash Collateral, ex▇▇▇▇ ▇▇ ▇▇▇ extent that the FW Fee Owners receive any surplus proceeds attributable to the sale of the FW Properties at foreclosure (up to the amount of the Cash Collateral).
Each Representation and warranty set forth herein shall survive the delivery of the Settlement Documents provided that those representations set forth in paragraphs (g), (h), (i) and (k) of Section 2.01, with respect to the FW Properties, shall survive the delivery of Settlement Documents for a period of one (1) year only.
Further, Presi▇▇▇▇▇▇▇'▇ ▇▇ligations under this Section 5.07 are limited to Presidential's interest in the FW Properties or the proceeds thereof.
Lichtenstein represents that there exists one or more segregated ac▇▇▇▇▇▇, ▇▇▇▇rolled by NYCB or the managing agent for the FW Properties (the "Replacement and Reserve Account"), in which the sum of approximately $195,000.00 is being held for the purpose of making repairs or improvements approved by NYCB and/or the United States Department of Housing and Urban Development ("HUD") with respect to the FW Properties.
Subject to the following, Presidential shall indemnify, defend and hold harmless the Lichtenstein Parties from and against any direct claim, action, sui▇ ▇▇ ▇▇▇▇▇▇▇ing, brought or enacted against any Lichtenstein Party, by reason of any act, or failure or refusal to ▇▇▇, ▇▇ ▇▇▇▇idential with respect to the FW Properties, provided that the Lichtenstein Parties shall give Presidential reasonably prompt noti▇▇ ▇▇ ▇▇▇ ▇▇sertion of any such claim, etc.
As at the date of this announcement, the Group via its subsidiaries, owned FW Properties i.e. 26 units (including a AP common part) of the FW Building which represents 80% of the undivided shares of FW Building.
In order ▇▇ ▇▇▇▇▇▇▇▇▇e Presidential exercising the rights and powers granted to it with respect to the FW Properties, the FW Owners shall execute and deliver a letter to the FW Property Manager, directing it to report to, be supervised by, and take direction from, Presidential, in the form annexed hereto and made a part hereof as Exhibit DDD (the "FW Property Manager Letter of Direction").
Presidential shall cause the FW Fee Owners to pay to Lichtenstein an amount equal to the annual premiums payable by Lich▇▇▇▇▇▇▇▇ ▇▇▇h respect to the FW Properties when that blanket po▇▇▇▇ ▇▇ ▇▇▇▇wed (on or before April 1, 2009) and, thereafter, Lichtenstein shall provide to the FW Property Manager (to provide t▇ ▇▇▇▇) ▇▇▇▇ence that said premiums have been paid.
Lichtenstein represents that the FW Properties are insured under bl▇▇▇▇▇ ▇▇▇▇▇▇es which cover other properties controlled by Lichtenstein.