Tacking definition

Tacking means the joinder of two or more separate authorities or two or more separate parts thereof at a common service point for the purpose of providing a through service.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Tacking means the process by which a loan, advanced subsequently to the crea- tion of a second mortgage of a parcel, may be secured on the first mortgage of that parcel and thereby take priority over the second mortgage;

Tacking means the process by which a loan, advanced subsequently to the creation of a second

Examples of Tacking in a sentence

• Tacking or nailing any signs or other material on walls, floors, ceilings is prohibited unless approved by the School District.

• Prior to and as a condition to the effectiveness of this Agreement, the Company shall provide a letter (the “Counsel Acceptance Letter”), signed by its outside counsel, stating that such counsel agrees to accept a Tacking Opinion and Affiliate Opinion presented by an attorney reasonably experienced in securities law as legal counsel for the Holder.

• Upon receipt of a Tacking Opinion and/or Affiliate Opinion from the Holder’s legal counsel, the Company’s legal counsel shall submit an opinion of counsel to the transfer agent and the Company which confirms and acknowledges the Tacking Opinion and the Affiliate Opinion (the “Company Counsel Opinion”).

• If an opinion of counsel is required by the transfer agent in order to issue unlegended shares upon the conversion of a Debenture, the Company and its legal counsel agree to accept an opinion of counsel from Holder’s legal counsel confirming the Hold Period Tacking of such holding periods regarding the Debentures, in each case as amended hereby (the “Tacking Opinion”) and, if required by the transfer agent, also confirming the non-affiliate status of the Holder (“Affiliate Opinion”).

• Tacking shall be permitted where an interruption of service is the result of a regular leave of absence or leave of absence because of illness or incapacity and/or in accordance with N.J.S.A. 40A:9-5 where applicable.

• Eye Tacking is NOT covered by this guarantee as it is very common for Shar-Pei puppies to need eye tacking at some point.

• Annual Report 23 Table 1 Amendment and Signatory Tacking 24 Appendix A: Work Plan 26 2012 Work Plan 26 Section 1: Introduction The 2011 Washington Department of Ecology (Ecology) and the EPA NPDES wastewater discharge permits issued by the Department of Ecology for facilities discharging into the Spokane River include the requirement for creation of a, and participation in, a Spokane River Regional Toxics Task Force (Task Force).

• Tacking is permitted only if the services to be tacked are for entities covered under the agreement or for entities whose coverage was terminated because of dissolution.

• Duties to include: Masking, Decaling, Tacking, Caulking and Fluid Filming Performance reviews will be conducted at each wage progression.

• Except as expressly set forth in the Financial Statements, none of the Acquired Companies maintains, or has any commitment to become a party to, any “off-balance-sheet arrangement” within the meaning of Item 303 of Regulation S-K of the SEC.

More Definitions of Tacking

Tacking. Each Secured Creditor shall comply with its obligations under the Loan Documents (including any obligation to make further advances).

Tacking shall have the meaning set forth in Section 9.10(i)(H).

Tacking describes the means by which a creditor, with a charge securing an original advance, is able to use the charge to secure a further advance and so obtain priority for the further advance over sums secured by any second or subsequent charge. Because of the potential prejudice to the interests of the holders of second or subsequent charges, first equity and then statute have severely restricted the circumstances in which tacking will be permitted. The issue on this appeal is whether, in the particular circumstances of the case, any further advances were made by the holder of first charges on various properties. Only if the proper legal conclusion on the undisputed facts is that further advances were made, will the restrictions on tacking be engaged. The judge at first instance held that no further advances were made, so that the priority of the first charges remained unchanged. The holder of second charges on the properties appeals against that decision, with permission given by Sir Timothy Lloyd.