IDIV definition
Examples of IDIV in a sentence
Any earn-out payments required to be made to Seller pursuant to the Purchase Agreement shall be made by IDIV, and shall not be the obligation of Borrower and shall not be secured by the Property.
That portion of the Escrow Deposit equal to $4,822,672.89 is referred to as the “Hobby Lobby Escrow” and represents IDIV Colonial Square’s obligations under the Purchase Agreement to pay additional payments of the purchase price thereunder to Seller based on Hobby Lobby’s taking possession of its premises at the Colonial Square Property, opening for business in its premises, and commencing to pay full rental payments due under its Lease.
That portion of the Escrow Deposit equal to $546,729.19 is referred to as the “Tropical Smoothie Escrow” and represents IDIV Colonial Square’s obligations under the Purchase Agreement to pay additional payments of the purchase price thereunder to Seller based on Tropical Smoothie’s taking possession of its premises at the Colonial Square Property, opening for business in its premises, and commencing to pay full rental payments due under its Lease.
That portion of the Escrow Deposit equal to $272,170.56 is referred to as the “Pak Mail Escrow” and represents IDIV Village Walk’s obligations under the Purchase Agreement to pay additional payments of the purchase price thereunder to Seller based on Pak Mail’s taking possession of its premises at the Village Walk Property, opening for business in its premises, and commencing to pay full rental payments due under its Lease.
That portion of the Escrow Deposit equal to $982,838.13 is referred to as the “Kumo Escrow” and represents IDIV Village Walk’s obligations under the Purchase Agreement to pay additional payments of the purchase price thereunder to Seller based on Kumo’s taking possession of its premises at the Village Walk Property, opening for business in its premises, and commencing to pay full rental payments due under its Lease.