SMK definition
Examples of SMK in a sentence
As such each Investor hereby indemnifies SMK for any inaccuracies, misrepresentations or inconsistencies contained in any report or document generated by or statement made by either the Investment Property Contractor or the Investment Property Management Company except in the case of gross negligence, willful misconduct or actual fraud by SMK.
The location of the principal office of the Joint Venture shall be the principal office of SMK, at ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇., #67 ▇/▇ ▇▇▇▇ ▇▇▇▇▇, Manhattan Beach, CA 90267 or such other place in California as the JV Parties shall unanimously determine.
Each Investor’s Aggregate Capital Contributions shall be secured by a deed of trust (the “Investment Property Deed of Trust”) filed on the Investment Property by SMK, and SMK hereby agrees to file the Investment Property Deed of Trust no later than 90 days after the execution in full of this JV Agreement.
SMK is engaged in the business of real estate investment and development, including (but not limited to) the identification and purchase and rehabilitation of undervalued real estate assets in southwestern Florida and southern California.
Any and all property and assets of the Joint Venture, including without limitation, the Investment Property, shall be owned by the Joint Venture, but with actual title to be held by SMK as trustee for, and on behalf of, the Joint Venture.
As such each Member hereby indemnifies SMK for any inaccuracies, misrepresentations or inconsistencies contained in any report or document generated by or statement made by either the Investment Property Contractors or the Investment Property Management Companies except in the case of gross negligence, willful misconduct or actual fraud by SMK.
In the event that SMK is a Member(s) as of the Effective Date and, pursuant to above, an additional Member(s) is located, notwithstanding any other restrictions on transfer hereunder, SMK shall be able to join such other Member(s) and transfer its Percentage Interest of the Company owned by virtue of it being a Member to such new Member(s) (and thereby remain solely the Manager of the Company).
SMK, and its Representatives shall have access to customers and suppliers of the Company for the purpose of gaining information subject to the condition that at least one officer of the Company shall participate in such discussions.
It is agreed that SMK will cause its counsel to draft the agreements provided for in this Offer to Purchase.
The MEMBERS and the MANAGER (SMK) hereby jointly enter into and form this Limited Liability Company, for the purpose and scope set herein, pursuant to the laws of the State of Florida and the terms of this Agreement.