Prior Owner definition

Prior Owner means, as of any point in time, any person or entity which shall have been, but is not then, the person or entity in control of the Project Site, or any portion thereof, as owner. Upon execution and approval (if required) of the Assumption Agreement, each Prior Owner will be released from liability for any defaults occurring after the date of the change in ownership or control by which that Prior Owner became a Prior Owner, as such change is reflected in the Assumption Agreement.

Prior Owner. Xxxxx Fargo Bank Northwest, National Association, not in its individual capacity but solely as owner trustee under that certain trust agreement dated as of September 16, 2010 (as supplemented and amended) and made with GAIF II Investment Sixteen, LLC in relation to the Aircraft.

Prior Owner with respect to any Permitted Acquisition by the Company or any of its Subsidiaries, the Person or Persons which was or were the owner(s) of the Capital Stock or assets acquired by the Company or such Subsidiary pursuant to such Permitted Acquisition.

Examples of Prior Owner in a sentence

• OVERVIEW Crescent Real Estate Equities Limited Partnership (the "Operating Partnership") purchased the Hyatt Regency Albuquerque Plaza (the "Albuquerque Hyatt") from Albuquerque Plaza Partners (the "Prior Owner"), on December 19, 1995.

• Therefore, in connection with its purchase of the Albuquerque Hyatt, the Operating Partnership assumed all of the obligations of the Prior Owner under the Management Agreement.

• FACTS AND ASSUMPTIONS The Prior Owner contracted with Hyatt Corporation ("Hyatt") to operate the Albuquerque Hyatt.

• Under the terms of the agreement between the Prior Owner and Hyatt dated October 11, 1988, as amended on February 14, 1990, and August 30, 1994 (the "Management Agreement"), Hyatt is obligated to provide all services in relation to the operation of the Albuquerque Hyatt and collect all hotel receipts.

• On the Advance Date, the Borrower represents and warrants that Borrower has such title to the Aircraft as was conveyed to it by Prior Owner, free and clear of all Lessor Liens attributable to the Borrower (other than (i) the Security Interest granted by the Borrower in favor of the Security Trustee pursuant to the Security Agreement and the Local Mortgage, and (ii) the rights of the Lessee under the Lease).

More Definitions of Prior Owner

Prior Owner means SELCO Service Corporation, an Ohio corporation doing business in California as “Ohio SELCO Service Corporation”, which is at the request and direction of LRC conveying the Property to BNPPLC contemporaneously with the execution of the Operative Documents.

Prior Owner means the entity from which Seller acquired the Offered Membership Interest.

Prior Owner means the person or persons, entity or entities, heirs or assigns to whom the property was most recently assessed for municipal tax purposes.

Prior Owner means a Class Member who owned the Subject Royalty Interest prior to the Current Owner during the Class Period but who is not a Current Owner of the Subject Royalty Interest.

Prior Owner means KLA-Tencor Corporation, a Delaware corporation, which is at the request and direction of LRC conveying the Property to BNPPLC contemporaneously with the execution of the Operative Documents.

Prior Owner means each and every Person (i) which has ever previously owned, directly or indirectly, a fee or leasehold interest in any one or more of the Individual Properties, or (ii) which is an Affiliate of any Person described in clause (i) above.

Prior Owner means WSRH Indian Wxxxx, L.L.C., a Delaware limited liability company.