Initial Owners

Example Definitions of "Initial Owners"
Initial Owners. With respect to Borrower or any other entity, the persons or entities that (i) on the date of the Note, or (ii) on the date of a Transfer to which Lender has consented, own in the aggregate 100 percent of the ownership interests in Borrower or that entity.
Found in Steadfast Income REIT, Inc. contract
Initial Owners. With respect to Borrower or any other entity, the persons or entities that (i) who on the date of the Note, or (ii) on the date of a Transfer to which Lender has consented, Note own in the aggregate 100 percent 100% of the ownership interests in Borrower or that entity.
Found in ACRE REALTY INVESTORS INC contract
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