Parties in Possession definition

Parties in Possession means any Person that possesses, occupies, or controls, whether directly or indirectly, any portion of the Property including, without limitation, the Transferred Property.
Sample 1

Examples of Parties in Possession in a sentence

  • Require Affidavit as to Debts and Liens and Parties in Possession executed by owner at or prior to closing.

  • A standard No-Lien, Parties in Possession and FIRPTA Affidavit executed by Seller which shall be in recordable form and otherwise satisfactory to the Title Company in order to delete the standard printed exceptions relating to mechanic’s liens and parties-in-possession.

  • Accordingly, MassTech's Policy and Procedures Regarding Submission of “Sensitive Information" and For Holding Parties in Possession of “Sensitive Information” are attached hereto as Attachment A and incorporated into this Agreement by reference.

  • As used herein and in Owner and Mortgagee Policies, the term "Rights of Parties in Possession" shall mean one or more persons who are themselves actually physically occupying the property or a portion thereof under a claim of right adverse to the record owner of the property as shown in Schedule A of the policy.

  • Parties in Possession: Any Facts, Rights, Interests or Claims that are not shown in the Public Records but that could be ascertained by an inspection of the land or by making inquiry of persons in possession of the land.

  • Giles a/k/a Gretchen Giles; Unknown Parties in Possession #1, If living, and all UnknownParties claiming by, through, under and against the above named Defendant(s) who are not known to be dead or alive, whether said Unknown Parties may claim an interest as Spouse, Heirs, Devisees, Grantees, or Other Claimants;Unknown Parties in Possession #2, If living, and all Unknownsell to the highest and best bidder for cash VIA THE INTERNET AT WWW.

  • We will require a Waiver of Inspection (Rights of Parties in Possession) be signed by the purchaser and the original provided to us prior to issuance of any title policies.

  • If the tenant is to install heavy equipment in a building that is still in process of construction it may be possible to use the scaffold elevators for this purpose.58 § 4:2.1 Third Parties in Possession at Commencement of LeaseSpecial rules apply where the premises are occupied by a third person—usually a holdover tenant, at the time set for delivery of possession.

  • NEWTON,III, a/k/a RANCE NEWTON; LAURA NEWTON HOBBS;Unknown Parties in Possession; and all unknown parties claiming by, through, under, or against Defendants, whether living or not and whether said unknown parties claim as heirs, devisees, grantees, assignees, lienors, creditors, trustees, or in any other capacity claiming by, through, under or against the named Defendants.Defendants.To: BEATRICE NEWPORT a/k/a MRS.

  • If the tenant is to install heavy equipment in a building that is still in process of construction, it may be possible to use the scaffold elevators for this purpose.79 § 4:2.1 Third Parties in Possession at Commencement of LeaseSpecial rules apply where the premises are occupied by a third person—usually a holdover tenant, at the time set for delivery of possession.

Related to Parties in Possession

  • Debtors in Possession means the Debtors in their capacity as debtors in possession in the Chapter 11 Cases pursuant to sections 1101, 1107(a), and 1108 of the Bankruptcy Code.

  • Debtor in Possession means any Debtor, in its capacity as a debtor in possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code.

  • Extenuating Circumstances means the inability to perform at an optimum level arising from one or more of the reasons set out in clause 6.1.

  • Other Priority Claims means any Claim, other than an Administrative Claim or a Priority Tax Claim, entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Prepetition means arising or accruing prior to the Petition Date.

  • Torture means the intentional infliction of severe pain or suffering, whether physical or mental, upon a person in the custody or under the control of the accused; except that torture shall not include pain or suffering arising only from, inherent in or incidental to, lawful sanctions;

  • Secured Creditors shall have the meaning assigned that term in the respective Security Documents.

  • Work in Process means a Deliverable that has been partially prepared, but has not been presented to the State for Approval.

  • Collateral has the meaning set forth in Section 2.

  • Additional Agent as defined in the Base Intercreditor Agreement.

  • Other Priority Claim means any Claim other than an Administrative Claim or a Priority Tax Claim entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Actionable Default means the occurrence of any of the following:

  • Debtor Laws means all applicable liquidation, conservatorship, bankruptcy, moratorium, arrangement, receivership, insolvency, reorganization or similar laws from time to time in effect affecting the rights of creditors or debtors generally.

  • Secured Claims means Claims held by “secured creditors” as defined in the CCAA, including Construction Lien Claims, to the extent of the Allocated Value of the Property securing such Claim, with the balance of the Claim being a Deficiency Claim, and amounts subject to section 6(6) of the CCAA;

  • Special Circumstances means either or both of the following:

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • Prepetition Collateral shall have the meaning provided in Section 3.1(b).

  • Gestational age or "gestation" means the age of an unborn child as calculated from the first day of the last menstrual period of a pregnant woman;

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • Breach of the security of the system means unauthorized acquisition or acquisition without valid authorization of physical or computerized data which compromises the security, confidentiality, or integrity of personal information maintained by the district. Good faith acquisition of personal information by an officer or employee or agent of the district for the purposes of the district is not a breach of the security of the system, provided that the private information is not used or subject to unauthorized disclosure.

  • Existing Defaults means (i) all Existing Defaults (as that term is defined in the Forbearance Agreements) and defaults with respect to other matters stated in the Forbearance Agreements, and (ii) the 2005 Tax Default.

  • Unforeseen Circumstances under the Federal Permit means changes in circumstances affecting a Covered Species or geographic area covered by the HCP/NCCP that could not reasonably have been anticipated by the Plan developers and USFWS at the time of the Plan’s negotiation and development, and that result in a substantial and adverse change in the status of a Covered Species. “Unforeseen Circumstances” under the State Permit means changes affecting one or more species, habitat, natural community, or the geographic area covered by the Plan that could not reasonably have been anticipated at the time of Plan development, and that result in a substantial adverse change in the status of one or more Covered Species.

  • First Priority Obligations means (a) with respect to the Existing First Priority Agreement, all “Obligations” of each Loan Party as defined in the Existing First Priority Agreement and (b) with respect to each other First Priority Agreement, all “Obligations” of each Loan Party as defined in such First Priority Agreement, and shall in any event include (i) all principal of and interest (including without limitation any Post-Petition Interest) and premium (if any) on all loans made or other indebtedness issued or incurred pursuant to such First Priority Agreement, (ii) all reimbursement obligations (if any) and interest thereon (including without limitation any Post-Petition Interest) with respect to any letter of credit or similar instruments issued pursuant to such First Priority Agreement, (iii) all Specified Swap Agreements, (iv) all Specified Cash Management Agreements and (v) all guarantee obligations, fees, expenses and other amounts payable from time to time pursuant to the applicable First Priority Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any First Priority Obligation (whether by or on behalf of any Loan Party, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any Second Priority Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the First Priority Secured Parties and the Second Priority Secured Parties, be deemed to be reinstated and outstanding as if such payment had not occurred.

  • Event of Force Majeure means one of the following events:

  • Event of Default Under the Trust Indenture With respect to any MBS, any “Event of Default” under the Trust Indenture pursuant to which such MBS was issued. Xxxxxx Xxx: Federal National Mortgage Association, a body corporate organized and existing under the laws of the United States, or its successor in interest or any successor appointed as herein provided. Unless the context requires otherwise, the term “Xxxxxx Mae” shall be deemed to refer to the Federal National Mortgage Association acting in its corporate capacity and not in its capacity as Trustee hereunder.

  • Agent’s Liens means the Liens in the Collateral granted to the Agent, for the benefit of the Lenders, Bank, and Agent pursuant to this Agreement and the other Loan Documents.