Permitted Assignee definition

Permitted Assignee means (a) with respect to a partnership, its partners or former partners in accordance with their partnership interests, (b) with respect to a corporation, its stockholders in accordance with their interest in the corporation, (c) with respect to a limited liability company, its members or former members in accordance with their interest in the limited liability company, (d) with respect to an individual party, any Family Member of such party, (e) an entity that is controlled by, controls, or is under common control with a transferor, or (f) a party to this Agreement.
Permitted Assignee means any Person who, if it were the Collateral Interest Holder or a holder of an interest in the Trust, as applicable, would not cause the Trust to be taxable as a publicly traded partnership for federal income tax purposes.
Permitted Assignee means any Person who, if it were the Collateral Interest Holder or holder of an interest in the Trust, as applicable, would not cause the Trust to be taxable as a publicly traded partnership for federal income tax purposes.

Examples of Permitted Assignee in a sentence

  • A Permitted Assignee shall mean an entity controlled by or under common control with Purchaser and approved by the Lender.


More Definitions of Permitted Assignee

Permitted Assignee has the meaning set forth in Section 3.06.
Permitted Assignee means (a) with respect to a partnership, its partners or former partners in accordance with their partnership interests, (b) with respect to a corporation, its shareholders in accordance with their interest in the corporation, (c) with respect to a limited liability company, its members or former members in accordance with their interest in the limited liability company, (d) with respect to an individual party, any Family Member of such party, (e) an entity that is controlled by, controls, or is under common control with a transferor, or (f) a party to this Agreement.
Permitted Assignee shall have the meaning set forth in Section 9.6.
Permitted Assignee means (a) a Lender or any of its Affiliates or (b) any Person managed by a Lender or any of its Affiliates.
Permitted Assignee means a Person or an Affiliate of a Person meeting one or more of the following standards:
Permitted Assignee means any Person who, if it were to purchase Loans in connection with a sale under Sections 5.05 and 5.17 of the Indenture, would not cause the Issuer to be taxable as a publicly traded partnership for federal income tax purposes.