Intermediate Owner definition
Examples of Intermediate Owner in a sentence
The Original Owner hereby agrees that it shall, simultaneously with the delivery of the Vessel to the Intermediate Owner under the First MOA, execute and thereafter register at the Existing Register, a deed of discharge in respect of the Existing Mortgage.
The sole member of Seller is LSB Chemical L.L.C., an Oklahoma limited liability company (the “Sole Member”), the sole member of the Sole Member is Consolidated Industries L.L.C., an Oklahoma limited liability company (the “Intermediate Owner”), and the sole member of the Intermediate Owner is LSB Industries, Inc., a Delaware corporation (the “Ultimate Owner”).
None of Seller, Intermediate Owner, Ultimate Owner or the Sole Member is a “foreign person” within the meaning of Section 1445 of the Code.