NCHP definition
Examples of NCHP in a sentence
The Transfer Value also reflects the estimate of the value of the Property and Assets as disclosed to the partners of NCHP in connection with the restructuring transaction described in Recital G.
The Assignment of Leases shall specifically provide for an assumption by KBA of all obligations of NCHP under such leases.
NCHP intends this Consensual Transfer Agreement to have the meaning and effect as provided by its express terms, rather than some other effect not stated herein.
NCHP also represents and warrants that, to the best of its knowledge, the Old General Partners performed the various fix up obligations it was required to perform under the Restructure Agreement including, but not limited to, those under paragraphs 1.4(b)(iii), (iv) and (v).
The transfers and transactions described in sections 2 and 3 shall be in full and complete satisfaction of all liability of NCHP under the Notes, as well as obligations under the First Mortgage Documents and the Second Mortgage Documents.
All written notices, requests and demands given to or made upon the respective parties shall be deemed to have been given or made when sent by first class, registered or certified mail or personally delivered as follows: If to NCHP: New Carlton House Partners, Ltd.
KBA shall have received an irrevocable commitment for the issuance of a title insurance policy, with such exceptions as to which it shall have agreed, by a title insurance company acceptable to KBA in its sole discretion, and NCHP shall have executed a seller's affidavit in a form reasonably required by said title insurance company.
After the Closing Date, NCHP shall not have any direct, indirect or contingent right, title or interest of any kind whatsoever, whether legal, equitable or otherwise, in or to the Property and Assets.
Neither NCHP nor any of its agents (including without limitation the general or limited partners of NCHP and the management company employed by NCHP) shall directly or indirectly interfere with the efforts of KBA (i) to market or refinance the Property and Assets for the highest possible price or on any other terms that KBA may wish, (ii) to operate, use or manage the Property and Assets in any way KBA sees fit, or (iii) to exercise or defend the respective rights, titles and interests of KBA.
KBA shall have received a sworn certificate from NCHP dated as of the Closing Date, setting forth its United States tax identification number and stating that NCHP is not a "foreign person" and is a "United States Person" as that term is defined in Section 7701(a)(3) of the Internal Revenue Code of 1986, as amended.