RECP definition
Examples of RECP in a sentence
The responsibility for payment of water, sewer, trash, electrical, and gas services is set forth in Box 12 of Schedule 1 and on the Community Specific Addendum [and Resident Energy Conservation Program (RECP) Addendum] or [and Utility Allowance Addendum].
In the case of termination of a Participant’s employment for Cause, all RECP Equity Interests held by the Participant will be immediately forfeited, and the Participant will have no further rights under the RECP.
Vesting Schedule: Awards of RECP Equity Interests may be subject to forfeiture provisions and other conditions as set forth in the RECP.
In the case of termination of a Participant’s employment for other reasons, any or all of the RECP Equity Interests held by the Participant may be subject to forfeiture provisions and other conditions as set forth in the RECP.
Equity Interests Available Under the RECP: Restricted shares of Equity Interests of Moon Sub or restricted equity-based interests of the Company as mutually agreed to by the CEO, CFO and Moon (“RECP Equity Interests”) valued at $10 million as of the Effective Time will be reserved for issuance under the RECP to Participants, as determined by the Board after receiving recommendations from the CEO and CFO of the Company.
No failure on the part of RECP to exercise, and no delay in exercising, any right, remedy, or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, or power by RECP hereunder preclude any other or future exercise of any right, remedy, or power by RECP.
Owner shall provide notice in writing to Resident thirty (30) calendar days prior to RECP implementation.
APPRAISAL RAS' (New) RAS' RAS2 2ND ASSN SENT RAS3 3RD ASSN SENT RAS4 4TH ASSN SENT RASN RECORDED ASSIGN RCAG RECOGNITION AGREEMENT RCER RECERT FORM REAG RECIP EASE AGRE RECG RECOGN AGREEMT RECO RECONVEYANCE RECP RECPT&CLSG CERT RELR RELEASE REQUEST REOP REO Phase Report REPL REPLACEMENT RES REQU REQUIRED REPAIR RIDR RIDERS RLAP RES.
After implementation of RECP, Owner will be responsible for normal gas and electric usage and Resident will be responsible for excess gas and electric usage in accordance with the RECP Addendum.
Subject to the Loan Documents all such amounts received with respect to the payments of principal or interest on the BGHS Note shall be distributed by the Company, immediately upon their receipt, to BGHS, provided, however, that from and after the occurrence of a Put Event, such amounts shall be retained by the Company and, at RECP's sole discretion, may be distributed to RECP.