present donative intent definition

present donative intent means that there is language within the Gift Deed showing that (i) the Grantor is currently (i.e., as of the date of the Gift Deed) relinquishing all dominion and control over the real property to the Beneficiary, and (ii) the conveyance is being made as a gift or donation to the Beneficiary, without the intent of receiving any consideration or benefit from the Beneficiary in return.
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Related to present donative intent

  • Energy Use Intensity (EUI) means the kBTUs (1,000 British Thermal Units) used per square foot of gross floor area.

  • Proposal means the Technical Proposal and the Financial Proposal of the Consultant.

  • Project Proposal has the meaning set forth in Section 2.2(b).

  • Company Acquisition Proposal means any proposal for a merger or other business combination involving the Company or the acquisition of any equity interest in, or a substantial portion of the assets of, the Company, other than the transactions contemplated by this Agreement.

  • Small Diversity business concern means a small business concern that is a least (51) percent unconditionally owned by one or more individuals who are both socially and economically diverse, or a publicly owned business that has at least (51) percent of its stock unconditionally owned by one or more socially and economically diverse individuals and that has its management and daily business controlled by one or more such individuals. This term also means a small business concern that is at least (51) percent unconditionally owned by an economically diverse Indian tribe or Native Hawaiian Organization, or a publicly owned business that has least (51) percent of its stock unconditionally owned by one of these entities, that has its management and daily business controlled by members of an economically diverse Indian tribe or Native Hawaiian Organization.