Homeplex definition
Examples of Homeplex in a sentence
Pursuant to the Merger Agreement between Homeplex Corporation and Meritage Corporation (formerly Monterey Homes Corporation) dated December 31, 1996, Employee was granted rights to 133,333 shares of "contingent stock" that was tied to his continuing employment or his termination without cause, of which 44,445 shares are subject to issuance.
Notice is hereby given of Builder's and Guarantor's intention to form "drop down" subsidiaries to which all assets, liabilities and obligations will be transferred concurrent with the Builder's and Guarantor's merger into Homeplex Mortgage Investment Corporation (Homeplex).
On the Purchase Offer Payment Date, Homeplex shall purchase and mail or deliver payment for all Notes tendered in response to the Purchase Offer.
Homeplex will sign a guarantee of the lease concurrently with the merger.
Builder shall deposit with AMH, cash or an acceptable Letter of Credit, in the amount of one month's rent, which shall be held as a security deposit by AMH until such time as the proposed merger between Builder and Homeplex is completed or prorated until all the units on the Model Chart have been resold by AMH and Builder pursuant to the Purchase and Lease Agreement.