Remaining Owners definition

Remaining Owners shall have the meaning specified in Section 10.4(a).
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Remaining Owners has the meaning set forth in Section 2.01(a). “Representative” means, with respect to an Owner or Spouse, all legatees, heirs, trustees, curators, conservators, executors, administrators, personal representatives and all persons or agents authorized by any proper court or pursuant to any valid power of attorney, of the Owner or a Spouse.
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Remaining Owners means (i) the Xxxxxx Holdings Owners who are employed by the Company or any Subsidiary at an Allocation Date, (ii) the Retired Owners and (iii) the Deceased Owners.
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Examples of Remaining Owners in a sentence

  • The purchase by Remaining Owners shall occur on the specified date unless otherwise agreed by all owners.

  • At closing, each of the Remaining Owners shall purchase its pro rata (as among all Remaining Owners) share of the Departing Owner’s interest in the Property and each may elect to pay the Departing Owner in cash or via seller financing within the following limitations: o Down payment at closing of no less than fifteen percent (15%) of the sales price.

  • If they are unable to agree, then the Departing Owner shall select an appraiser and the Remaining Owners shall collectively select an appraiser to appraise the Property.

  • The Death Option granted in Section 2.01(a) in favor of the Remaining Owners of the same class of Interests as that of the Deceased Owner and/or his Spouse shall be joint and several vis-a-vis the Remaining Owners who exercise the Death Option to purchase the Interests of the Deceased Owner and his Spouse.

  • If the Remaining Owner(s) do not exercise the Death Option to purchase all of the Interests of the Deceased Owner and/or his Spouse for any reason, then the Entity hereby is obligated to redeem the Interests of the Deceased Owner and/or his Spouse that are not purchased by the Remaining Owner(s).

  • However, if less than all of the said Remaining Owners exercise the Death Option, then the Interests covered by the Death Option over which the Death Option is not exercised may be exercised in similar proportions by the said Remaining Owner(s) who purchase Interests pursuant to this Section 2.01(a), it being understood that only one (1) Remaining Owner may wind up exercising a Death Option for up to all of the Interests of the Deceased Owner and his Spouse.

  • If the Remaining Owner(s) fails to exercise the Death Option within the one hundred eighty (180) day time period, then the Entity shall purchase the Interests of the Deceased Owner and his Spouse within ninety (90) days of the end of the Death Option Period or receipt of notice of all of the Remaining Owners’ decisions not to exercise the Death Option, whichever first occurs, to purchase all of the Interests of the Deceased Owner and his Spouse.

  • The Remaining Owner(s) of the Entity shall have one hundred eighty (180) days from receipt of notice of the Deceased Owner’s death (“Death Option Period”) within which to exercise their Death Options and to purchase the Interests of the Deceased Owner and his Spouse.

  • In the absence of any such written agreement, these Remaining Owners shall share the Death Option in accordance with the percentage of the Interests of each Remaining Owner in the class of Interests as the Deceased Owner as of the date of commencement of the Death Options pursuant to Section 2.01(a) shall bear to the total percentage Interests of all Remaining Owners of the same class of Interests as the Deceased Owner as of the date of commencement of the Death Options who exercise the Death Option.

  • The closing of any Transfer pursuant to the exercise of the Right of First Refusal shall occur within sixty (60) days after the delivery of the Transfer Notice to the Remaining Owners.


More Definitions of Remaining Owners

Remaining Owners shall have the meaning set forth in Section 5.1.
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Related to Remaining Owners

  • Qualifying Owners means GIP and its Subsidiaries.

  • Managing Owner as used only in this Section 4.7 shall include, in addition to the Managing Owner, any other Covered Person performing services on behalf of the Trust and acting within the scope of the Managing Owner’s authority as set forth in this Trust Agreement.

  • Existing Owner means (a) with respect to and for the purpose of dealing with the Auction Agent in connection with an Auction, a Person who is a Broker-Dealer listed in the Existing Owner Registry at the close of business on the Business Day immediately preceding the Auction Date for such Auction and (b) with respect to and for the purpose of dealing with the Broker-Dealers in connection with an Auction, a Person who is a beneficial owner of Auction Rate Notes.

  • Remaining Members has the meaning set forth in Section 11.2.

  • Building Owner means an owner of land who is desirous of exercising rights under this Act;

  • Participating Class Members means all Class Members who do not submit valid

  • Participating Class Member means a Class Member who does not submit a valid and timely Request for Exclusion from the Settlement.

  • Participating Entities and “Participating Entity” are defined on the Coversheet.

  • Liquidating Trustee has the meaning set forth in Section 6.2(a).

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • Subscription Period means the duration of Customer’s authorized use of the Subscription Services as designated in the Order.

  • Continuing ownership interest means ownership of or entitlement to more than twenty five per cent of shares or capital or profits of the company;

  • Non-Participating Class Member means any Class Member who opts out of the Settlement by sending the Administrator a valid and timely Request for Exclusion.

  • participating class means a class of shares title to which is permitted by an Operator to be transferred by means of a relevant system;

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Rights Offering Participants means those Persons who duly subscribe for Rights Offering Shares in accordance with the Rights Offering Procedures.

  • Participating Entity Any Subcontractor or Subservicer which is “participating in the servicing function” within the meaning of Item 1122 of Regulation AB; provided, further, for the purposes of the third paragraph of Section 7.04(c), that a “Participating Entity” shall be determined without respect to any threshold limitations in Instruction 2. to Item 1122 of Regulation AB. Person: Any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof.

  • Initial Subscription Term the initial term of Your Subscription as agreed in the Order which commences on the date of acceptance of the Order or as otherwise agreed to by the parties.

  • Controlling ownership interested means ownership of or entitlement to more than twenty five percent of shares or capital or profits of the Company;

  • Authorized Participant means a Person that, at the time of submitting a Purchase Order or a Redemption Order (i) is a registered broker-dealer, (ii) is a DTC Participant or an Indirect Participant and (iii) has in effect a valid Authorized Participant Agreement.

  • Subscription Day means the last Business Day of each week or such other day or days as the Directors may from time to time determine that Participating Shares in the Fund are available for subscription;

  • Minimum Subsequent Subscription means, in relation to the Euro Non-RDR ‘Retail’

  • Controlling Class Certificateholder Each Holder (or Certificate Owner, if applicable) of a Certificate of the Controlling Class as determined by the Certificate Administrator from time to time.

  • Redeeming Partner has the meaning set forth in Section 8.6.A.

  • Remaining Shares shall have the meaning set forth in Section 2.03(a).

  • Annual Subscription means the subscription paid by a member in accordance with the Registered Clubs Act and being paid either annually or otherwise.