KLC definition

KLC means the Kentucky Lottery Corporation.
View Source
KLC means Kapalua Land Company, Ltd., a Hawaii corporation.
View Source
KLC means the Kimberley Land Council Aboriginal Corporation ABN 96 724 252 047 ICN 21 of ▇▇ ▇▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇▇ ▇▇ 6725, which is at the date of this Agreement an incorporated body under the Corporations (Aboriginal and ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇) ▇▇▇ ▇▇▇▇ (Cth) and a Representative Aboriginal and ▇▇▇▇▇▇ Strait Islander Body pursuant to the Native Title Act for the ▇▇▇▇▇▇▇▇▇ region of Western Australia.
View Source

Examples of KLC in a sentence

  • JMB hereby accepts the pledge of the Limited Liability Interest by Borrower and agrees that such pledge shall be subject to the applicable provisions of the Limited Liability Company Agreement of Kaanapali Land, LLC (as amended, the “Limited Liability Agreement”), including, without limitation, the provisions thereof concerning the admission of new unit holders to KLC.

  • KLC hereby joins in this Agreement for the sole purpose of acknowledging the pledge and security interest in the Collateral in accordance with the terms hereof, and to take such further action as may be required under this Section 2.

  • KLC further agrees to execute and deliver such other documents or instruments as are reasonably requested by JMB to evidence or perfect JMB’s lien in the Limited Liability Interest.

  • KLC shall also note the existence of JMB’s lien on the Limited Liability Interest in the appropriate books and records of KLC, including, without limitation, KLC’s Limited Liability Interest transfer records.

  • Upon the satisfaction in full of the Obligations, JMB agrees to execute and deliver such documents or instruments as are reasonably requested by Borrower or KLC to evidence the release of JMB’s lien on the Limited Liability Interest.

  • In the event KLC receives such written direction from JMB, KLC shall promptly without and unconditionally reissue the Limited Liability Interest in such manner as JMB shall have directed.

  • Upon and after any default by Borrower under the Note, which default is not cured by Borrower within 15 days after written notice from JMB thereof, and while such default remains uncured, JMB shall have the absolute and unconditional right, without any rights in Borrower whatsoever, to immediately realize on its security interest in the Collateral, with or without notice to Borrower, by directing KLC in writing to effect the transfer of the Limited Liability Interest to JMB or its designee.

  • In addition, until such time as JMB notifies KLC that this Note has been paid in full, KLC shall pay any distributions made on account of the Limited Liability Interest directly to JMB on behalf of Borrower as a prepayment as required under paragraph 2 of the Note and Section 3 below.

  • KLC agrees that, so long as the Obligations have not been satisfied in full, Borrower’s Limited Liability Interest in KLC shall be deemed to be a “security” solely for the purposes relating to the granting and perfection of security interests in uncertificated securities set forth in and subject to Articles 8 and 9 of the Uniform Commercial Code of the jurisdiction governing the granting and perfection of such security interests.

  • E The Native Title Party has authorised the KLC to execute this Agreement on their behalf.


More Definitions of KLC

KLC means the ▇▇▇▇▇▇▇▇▇ Land Council, which is a representative body pursuant to s203 AD Native Title ▇▇▇ ▇▇▇▇.
View Source
KLC means Korea Line Corporation, a company incorporated under the laws of South Korea.
View Source
KLC means Kapalua Land Company, Ltd.
View Source

Related to KLC

  • AGLC means the Alberta Gaming and Liquor Commission.

  • Forestry means land used or managed for the long-term production of wood, wood fiber, or wood-derived products.

  • WCA means the Workers Compensation Act (British Columbia) and the regulations thereunder.

  • OMHA means Ontario Minor Hockey Association (or such other name as the OMHA may in the future legally adopt);

  • SWDocID [[6027980]]" "" [[6027980]] certificates actually delivered to it representing securities pledged under the Collateral Agreement or to file UCC continuation statements, (B) such loss is covered by a lender’s title insurance policy and the Administrative Agent shall be reasonably satisfied with the credit of such insurer or (C) any such loss of validity, perfection or priority is the result of any failure by the Administrative Agent to take any action necessary to secure the validity, perfection or priority of the liens, or (iii) the Guarantees pursuant to the Security Documents by any of the Loan Parties of any of the Secured Obligations shall cease to be in full force and effect (other than in accordance with the terms thereof), or shall be asserted in writing by any of the Loan Parties not to be in effect or not to be legal, valid and binding obligations; then, and in every such event (other than an event with respect to the Borrower described in paragraph (h) or (i) above), and at any time thereafter during the continuance of such event, the Administrative Agent, at the request of the Required Lenders, shall, by notice to the Borrower, take any or all of the following actions, at the same or different times: (i) terminate forthwith the Commitments, (ii) declare the Loans then outstanding to be forthwith due and payable in whole or in part, whereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and any unpaid accrued Fees and all other Secured Obligations of the Borrower accrued hereunder and under any other Loan Document, shall become forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower, anything contained herein or in any other Loan Document to the contrary notwithstanding and (iii) demand cash collateral pursuant to Section 2.05(j); and in any event with respect to the Borrower described in paragraph (h) or (i) above, the Commitments shall automatically terminate, the principal of the Loans then outstanding, together with accrued interest thereon and any unpaid accrued Fees and all other Secured Obligations of the Borrower accrued hereunder and under any other Loan Document, shall automatically become due and payable and the Administrative Agent shall be deemed to have made a demand for cash collateral to the full extent permitted under Section 2.05(j), without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower, anything contained herein or in any other Loan Document to the contrary notwithstanding. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent may, and at the request of the Required Lenders shall, exercise any rights and remedies provided to the Administrative Agent under the Loan Documents or at law or equity, including all remedies provided under the UCC.