Venture Sub definition

Venture Sub shall have the meaning set forth in Section 4.3.
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Venture Sub has the meaning set forth in Section 5.1. -----------
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Venture Sub means either a newly formed Delaware limited liability company, of which the Company shall be the initial member, or a newly formed Delaware statutory trust, of which the Company shall be the initial beneficiary, which has been formed to acquire a Target Property and of which a Venture Sub Manager shall be the sole manager or the signatory trustee, as the case may be.
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Examples of Venture Sub in a sentence

  • Each Asset Management Agreement shall provide for an annual fee ranging from 0.25 percent to 0.75 percent of the purchase price of the Target Property, as determined by the Syndication Proposal (the “Management Fee”) to be paid by the Venture Sub to the Venture Sub Manager on a monthly basis.

  • IREX shall cause each Venture Sub Manager to remit each monthly payment of the Management Fee to the Company, and the Company shall distribute the Management Fee to each Member as follows: (i) one-third of the Management Fee shall be distributed to Venture Corp.; and (ii) two-thirds of the Management Fee shall be distributed to IREX; provided; however, in the event of a Co-Equity Advance, the Management Fee paid to Venture Corp.

  • If the Venture Sub and Inland Securities Corporation cannot agree on the terms of a 1031 Program for the Target Property by the Venture Sub, an Abandoned Syndication of the Target Property shall result.

  • Notwithstanding anything to the contrary herein, and with respect only to any Asset Management Agreement entered into after the Amendment Effective Date (each, an “Affected Asset Management Agreement”), if IRC experiences a Change of Control, each Venture Sub Manager that is party to an Affected Asset Management Agreement shall retain the full amount of each monthly payment of the Management Fee and Venture Corp.

  • Prior to the acquisition of any Target Property, each Venture Sub shall enter into a Management Agreement with its Venture Sub Manager using an agreement in form and substance as attached hereto as Exhibit C, and the Venture Sub Manager, thereupon, will enter into a Property Management Sub-Contact with ICPM using an agreement in form and substance as attached hereto as Exhibit D.

  • In such event, the Company will reimburse IREX, Venture Sub and/or Venture Sub Manager for Syndication Costs and for any other costs incurred by IREX, Venture Sub or Venture Sub Manager with respect to such Target Property (collectively, the “Upfront Costs”).

  • With respect to each Syndication Proposal, the Company shall form a Venture Sub to acquire the subject Target Property (or the title holding entity thereof) using documents or instruments in form and substance as attached hereto as Exhibit B.

  • Notwithstanding any other provision of this Agreement or any other document governing the management and operation of the Company or a Venture Sub, Venture Corp.

  • Prior to the acquisition of any Target Property, each Venture Sub shall enter into a Management Agreement with its Venture Sub Manager using an agreement in form and substance as attached hereto as Exhibit D, and the Venture Sub Manager, thereupon, will enter into a Property Management Sub-Contact with ICPMC using an agreement in form and substance as attached hereto as Exhibit E.

  • IRC shall be responsible for all Venture Sub and Company accounting functions.

Related to Venture Sub

  • Joint Venture Subsidiary means a Subsidiary of the Company or any of its Subsidiaries that has no assets and conducts no operations other than its ownership of Equity Interests of a Joint Venture.

  • Venture capital fund means a private fund that meets the definition of a venture capital fund in SEC Rule 203(l)-1, 17 C.F.R. § 275.203(l)-1.

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Joint Venture (JV) means an association with or without a legal personality distinct from that of its members, of more than one Consultant where one member has the authority to conduct all business for and on behalf of any and all the members of the JV, and where the members of the JV are jointly and severally liable to the Procuring Entity for the performance of the Contract.

  • ORE Subsidiary means any Subsidiary of the Assuming Bank that engages solely in holding, servicing, managing or liquidating interests of a type described in clause (A) of the definition of “Other Real Estate,” which interests have arisen from the collection or settlement of a Shared-Loss Loan.