Prohibited Entity means (i) an entity the owners of which are tenants in common, (ii) a Delaware statutory trust or (iii) any entity capitalized with any Crowd Funding Structure.
Prohibited Entity means any Person which (i) is a statutory trust or similar Person, (ii) owns a direct or indirect interest in Borrower or the Property through a tenancy-in-common or other similar form of ownership interest and/or (iii) is a Crowdfunded Person.
Prohibited Entity means any person or entity which:
Examples of Prohibited Entity in a sentence
The Supplier warrants that it will not make payment to, transfer property to, or otherwise have dealings with, any Prohibited Entity.
The Recipient warrants that it will not make payment to, transfer property to, or otherwise have dealings with, any Prohibited Entity.
The undersigned understands and agrees that if the undersigned becomes a Prohibited Entity, Executive Branch Agencies may terminate any Contract with the undersigned.
You shall not transfer, export or re-export, directly or indirectly, the Product or Services to any Prohibited Entity, and you affirm that you are not a Prohibited Entity or acting on behalf of any Prohibited Entity (as defined under U.S. laws and regulations).
If at any time after making this certification the undersigned becomes a Prohibited Entity, the undersigned will provide immediate written notice to all Executive Branch Agencies with whom the undersigned has Contracts.
More Definitions of Prohibited Entity
Prohibited Entity shall have the meaning assigned to such term in the Mortgage Loan Agreement.
Prohibited Entity means (a) a statutory trust organized under 12 Del.C. § 3801 et seq., or any successor statute thereto, or under any similar other state or federal law, (b) any one or more Persons as tenants in common or any similar ownership structure, or (c) any one or more Persons as a result of any Crowdfunding.
Prohibited Entity means (A) any Prohibited Person, (B) any Person that is identified on the List or (C) any Person that is a NYTC Competing User (as defined in the Condominium Declaration).
Prohibited Entity is any Entity that is primarily engaged in the Company's Business in the United States, Canada, or any other country where Company (including any Affiliate) either engages in the Company's Business at the time of Executive's termination or where Company, at the time of Executive's termination, has developed a business plan or taken affirmative steps to engage in the Company's Business;
Prohibited Entity means any Person which (i)(A) is a Crowd Funded Entity or (B) owns (or, in connection with a proposed assumption of the Loan or a proposed Transfer, proposes to own) any direct or indirect interest in Borrower, any prospective transferee or the Property through a Crowd Funded Entity, (ii) is a trust formed under Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code §§ 3801 et seq., or any successor statute thereto, in each case, as amended from time to time or (iii) owns (or, in connection with a proposed assumption of the Loan or a proposed Transfer, proposes to own) any direct or indirect interest in Borrower, any prospective transferee or the Property through a tenancy-in-common or other similar form of ownership.
Prohibited Entity has the meaning set forth in Article XII.
Prohibited Entity means any entity which, and any now hereafter subsidiary or affiliate of such entity (or successor entity) operates under the name [***] Any assignment, pledge, hypothecation, sublease or transfer in any manner whatsoever which violates this Article XII will be null and void. Any Change in Control in violation of this Article XII will be a material breach of this Agreement. Provided that Operator provides Sprint with 15 days advance written notice thereof, Operator may pledge its rights under this Agreement and its rights to the Transmission Equipment for any financing it may incur in connection with the development of Region 1, provided, however, that any such financing and/or pledge will be subject to the rights of Sprint hereunder and the Licensees under the Primary Leases, including, but not limited to, such Licensee's rights to purchase any Transmission Equipment as set forth in the Primary Leases. If either Party completes an assignment pursuant to this Article XII, the Party making or completing any such assignment will, give written notice to the other Party of the name and address of any such assignee within 30 days following the completion of such assignment. Following the 5th anniversary of the Effective Date, Operator may permit a third party to have exclusive use of up to 48 MHz of the Spectrum in each Market without obtaining Sprint's prior consent, provided that: (a) Operator provides Sprint with at least 30 days advance written notice of the specific terms and conditions SPRINT PROPRIETARY INFORMATION EXECUTION VERSION of such sublease, (b) the person or entity using such Spectrum agrees in writing to be bound to all of the restrictions and obligations contained herein with respect to such Spectrum, (c) Operator remains primarily liable for the complete performance of the terms of this Agreement with respect to such Spectrum, (d) the person or entity using such Spectrum agrees in writing to provide periodic certifications, as Sprint reasonably requests, evidencing its compliance with build out and construction obligations with respect to such Spectrum, and (e) Sprint may, in its reasonable discretion, require additional Security for performance of the obligations with respect to such Spectrum. Notwithstanding anything to the contrary contained herein, if there occurs a Change in Control which results in any Prohibited Entity having the right to vote more than 49% of Guarantor's or Operator's equity units or elect more than 49% of the member...