LTCA definition
Examples of LTCA in a sentence
The Class LTC-A, Class LTC-B, Class LTC-C, Class LTC-D, Class LTC-E and Class LTCRR Centre Regular Interests are hereby designated as “regular interests” in the Centre REMIC within the meaning of Code Section 860G(a)(1), and the Centre Residual Interest (evidenced by the Class R Certificates) is hereby designated as the sole class of “residual interests” in the Centre REMIC within the meaning of Code Section 860G(a)(2).
The Tenant covenants with the Landlord to observe and perform the tenant covenants of this lease during the Term or (if earlier) until the Tenant is released from the tenant covenants of this lease by virtue of the LTCA 1995.
The terms of the LTCA shall control in the event of a conflict with the provisions of this Agreement or the Plan.
Except as otherwise expressly set forth herein, this Agreement shall be construed in accordance with the provisions of the LTCA and the Plan.
Notwithstanding anything herein to the contrary, all unreleased Restricted Stock issued hereunder shall be forfeited upon the occurrence of any event set forth in Section 3 of Executive’s LTCA.
Subject to the terms and conditions set forth in the Plan, the LTCA and in this Agreement, the Company hereby grants to Executive a Restricted Stock Award consisting of ____ Shares (the “Restricted Stock”).
So long as the Executive performs services for LTCA or its subsidiaries, the Base Salary and other benefits received by the Executive hereunder shall be reimbursed by LTCA in accordance with the current leasing agreement between LTCA and the Company, unless this Agreement is assigned to LTCA pursuant to paragraph 5 hereof.
So long as the Executive provides services to LTCA or its subsidiaries, the salary, other compensation and benefits provided in the Agreement shall be reimbursed by LTCA in accordance with the Employee Leasing Agreement between the Company and LTCA, until such time as the Employment Agreement is assigned to LTCA pursuant to paragraph 7 hereof.
The right of LTCA to repurchase the Shares pursuant to this paragraph 10 shall terminate on December 30, 2001.
The Executive agrees that she will not transfer the Shares or any right or interest therein without the prior written consent of LTCA.