NRFC definition

NRFC has the meaning set forth in the recitals.

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NRFC. NovaStar REMIC Financing Corporation, a Delaware corporation, and its successors and assigns.

NRFC means NorthStar Realty Finance Corp., a Maryland corporation.

Examples of NRFC in a sentence

• All notices shall be in writing and shall be given or made, by delivery in person or by guaranteed delivery overnight courier to NRFC at the address set forth below: NorthStar Realty Finance Corp.

• This Agreement may not be assigned by either party; provided, however, that NRFC may assign its obligations under this Agreement to any one or more of its Affiliates, but no such assignments shall relieve NRFC of its obligations hereunder.

• Any Shares purchased by NRFC pursuant to this Section 2 shall be purchased pursuant to the Offering and at the Purchase Price in effect as of the date of purchase of the Shares.

• In the event of a Distribution Shortfall for any calendar quarter during the Term, NRFC shall purchase Shares from the Company in an amount equal to the Distribution Shortfall; provided, however, that NRFC shall not be obligated to purchase Shares for any quarter in which AFFO for such quarter exceeds the Threshold Amount and further provided, that NRFC’s obligation to purchase Shares pursuant to this Agreement shall be limited to an aggregate of $10,000,000 in purchase amount.

• This Agreement shall be in effect until the earlier of (a) the second anniversary of the commencement of the Offering or (b) the date upon which neither NS Advisor nor another Affiliate of NRFC is serving as the Company’s Advisor (as such term is defined in the Company’s Articles of Incorporation, as amended from time to time) with responsibility for the Company’s day-to-day operations (the “Term”).

• This Agreement may not be assigned by any of the parties; provided, however, that each of NRFC and RXR may assign its obligations under this Agreement to any one or more of its Affiliates, but no such assignments shall relieve NRFC or RXR of its obligations hereunder.

• All notices shall be in writing and shall be given or made, by delivery in person or by guaranteed delivery overnight courier to NRFC and RXR at the addresses set forth below: NorthStar Realty Finance Corp.

• The foregoing does not include any communications between the Group and NRFC which relate to general business matters of the Group.

• This Agreement may not be assigned by any of the parties; provided, however, that each of NRFC and OZCI may assign its obligations under this Agreement to any one or more of its Affiliates, but no such assignments shall relieve NRFC or OZCI of its obligations hereunder.

• This Agreement shall be in effect until the earlier of (a) the second anniversary of the commencement of the Offering or (b) (i) with respect to NRFC, the date upon which neither NSAM J-NS/RXR Ltd nor another Affiliate of NRFC is serving as the Company’s Advisor, or (ii) with respect to RXR, the date upon which neither RXR NTR Sub-Advisor LLC nor another Affiliate of RXR is serving as the Company’s Sub-Advisor (the “Term”).

More Definitions of NRFC

NRFC means NorthStar Realty Finance Corp., a Maryland corporation, or any entity that succeeds to all or substantially all of the assets and liabilities thereof pursuant to a Permitted Corporate Transaction.

NRFC means Norton Rose Fulbright Canada LLP.

NRFC has the meaning set forth in the recitals. “NS Advisor” means NS Real Estate Income Trust Advisor, LLC. “Offering” has the meaning set forth in the recitals. “Purchase Price” means, as of any given date, the per share price payable in the Offering, net of the per share selling commissions and dealer manager fees specified in the Prospectus. “Periodic Report” means the Company’s quarterly report on Form 10-Q or annual report on Form 10-K, as applicable. “Person” means an individual, corporation, partnership, estate, trust (including a trust qualified under Section 401(a) or 501(c) (17) of the Internal Revenue Code), a portion of a trust permanently set aside for or to be used exclusively for the purposes described in Section 642(c) of the Code, association, private foundation within the meaning of Section 509(a) of the Code, joint stock company or other entity, or any government or any agency or political subdivision thereof, and also includes a group as that term is used for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended. “Prospectus” means the prospectus for the Offering, as amended or supplemented, filed with the SEC at or after the effective date of the Company’s registration statement on Form S-11 (including financial statements, exhibits and all other documents related thereto filed as a part thereof or incorporated therein), pursuant to the Securities Act of 1933, as amended, and the applicable rules and regulations of the SEC promulgated thereunder. “Quarterly Distributions” means the aggregate amount of cash distributions paid to Stockholders during a calendar quarter. “SEC” means the United States Securities and Exchange Commission. “Shares” has the meaning set forth in the recitals. “Stockholders” has the meaning set forth in the recitals.

NRFC has the meaning specified in Section 9.19.