Nominee Property definition

Nominee Property means any property, lease, interest or other asset with respect to which any Person has or holds any right, title or interest as a Nominee.
View Source
Nominee Property means either of (i) that certain Bond Property located in Manchester, Hillsborough County, New Hampshire and commonly known as Wellington Hill Apartments, or (ii) that certain Additional Mortgaged Property located in Plainsboro, Middlesex County, New Jersey and commonly known as Ravens Crest Apartments, and "Nominee Properties" means every such Nominee Property, collectively.
View Source

Examples of Nominee Property in a sentence

  • Within 270 days of the acquisition of any Nominee Property by any Nominee (to the extent the aggregate expenditures for all then existing Nominee Property does not exceed $500,000), the Company shall cause such Nominee to assign and transfer to the Company, or such of its Subsidiaries, as the case may be, all of such Nominee's right, title and interest in and to such Nominee Property.

  • The Ravens Crest Nominee Agreement (a) is in full force and effect and constitutes the entire agreement of the parties thereto with respect to the Nominee Property commonly known as Ravens Crest Apartments, (b) has not been supplemented, amended or modified and (c) constitutes the legal, valid and binding obligation of Ravens Crest Nominee Corp.

  • Within 270 days of the acquisition of any Nominee Property by any Nominee (to the extent the aggregate expenditures for all then existing Nominee Property exceeds $10,000,000), TransTexas and its Subsidiaries shall cause such Nominee to assign and transfer to TransTexas, or such of its Subsidiaries, as the case may be, all of such Nominee's right, title and interest in and to such Nominee Property.

  • The Manchester Nominee Agreement (a) is in full force and effect and constitutes the entire agreement of the parties thereto with respect to the Nominee Property commonly known as Wellington Hill Apartments, (b) has not been supplemented, amended or modified and (c) constitutes the legal, valid and binding obligation of Manchester Nominee Corp.

  • RM agrees that at the request of CRLP, it shall diligently and continuously pursue a subdivision of all of the Nominee Property to completion, which subdivision shall take into account the requirements of this Section 26, and shall keep CRLP advised as to the status of same.

  • With respect to each Nominee Property, (i) the respective Nominee Corp.

  • Any property set forth on Schedule 26.1 which is not defined as a Nominee Property is a Retained Property, and the Nominee Properties and the Retained Properties are collectively referred to herein as the “Development Sites”.

  • The Manchester Nominee Agreement is in full force and effect and constitutes the entire agreement of the parties thereto with respect to the Nominee Property commonly known as Wellington Hill Apartments, and has not been supplemented, amended or modified.

  • Any property set forth on Schedule 26.1 which is not defined as a Nominee Property is a Retained Property, and the Nominee Properties and the Retained Properties are collectively referred to herein as the "Development Sites".

  • Within 270 days of the acquisition of any Nominee Property by any Nominee, the Company and its Subsidiaries shall cause such Nominee to assign and transfer to the Company or any such Subsidiary all of such Nominee's right, title and interest in and to such Nominee Property.