Managing entity definition

Managing entity means the managing agent or, if there is no managing agent, the time-share

Managing entity means the manager or, if there is no manager, the association.

Managing entity means the natural person or other entity that undertakes the duties, responsibilities, and obligations of the management of a timeshare plan.

Examples of Managing entity in a sentence

• The Club Management Agreement is in full force and effect and no default on the part of the Club Trustee or the Club Managing Entity exists thereunder.

• The fiscal year of each Borrower Party and each Managing Entity is the calendar year, except as it may be changed in compliance with Section 9.03.

• Each Managing Entity has the requisite power and authority to own its properties and assets and to carry on its business as now conducted, and is qualified to do business in each jurisdiction where the nature of the business conducted or the property owned or leased requires such qualification except where the failure to be so qualified to do business would not reasonably be expected to have a Material Adverse Effect.

• No Investor is permitted to withdraw its interest in a Borrower without the prior approval of the applicable Managing Entity or, in the case of Initial Borrower or any other Borrower with no Managing Entity, Initial Borrower or such other Borrower, except as set forth in Section 9.05 hereof and permitted by the applicable Governing Agreement.

• Without the approval of all Lenders, no Borrower nor any Managing Entity will create or suffer to exist any Lien upon the Collateral, other than (i) Permitted Liens, and (ii) a first priority security interest in and upon the Collateral to Administrative Agent for the benefit of the Secured Parties.

More Definitions of Managing entity

Managing entity means the person who undertakes the duties, responsibilities, and obligations of the management of a time-share plan.

Managing entity means the managing agent or, if there is no managing agent, the time-share owners' association in a time-share estate project and the developer in a time-share use project;

Managing entity means the person who undertakes the

Managing entity means Silverleaf Club, a Texas not-for-profit corporation, in its capacity as manager for all Associations.

Managing entity means the person designated in the timeshare instrument or selected by the owners’ association board or by the owners to manage all or a portion of the timeshare plan.

Managing entity means the person responsible for operating and maintaining a timeshare property.

Managing entity means a person hired by the timeshare association or developer to manage the timeshare plan or the timeshare property.