../25.0 definition

../25.0. Single-Purpose Entity" means a Person, other than an individual, which (A) is formed or organized solely for the purpose of holding, directly or indirectly, an ownership interest in the Mortgaged Property or Equity Interests in Persons holding directly or indirectly, ownership interests in the Mortgaged Property, (B) does not engage in any business unrelated to (i) in the case of a Person owning such Mortgaged Property, the Mortgaged Property (including the operation and management of such Mortgaged Property and the financing thereof pursuant to the Loan Documents), and (ii) in the case of a Person owning such Equity Interests, such Equity Interests, (C) has not and will not have any Assets other than those related to its interest in such Mortgaged Property (including any financing thereof) or such Equity Interests, as applicable, and has not or will not have any Indebtedness other than, as applicable, the Indebtedness permitted pursuant to SECTION 6.5, (D) maintains its own separate books and records and its own accounts, in each case which are separate and apart from the books and records and accounts of any other Person, (E) holds itself out as being a Person, separate and apart from any other Person, (F) does not and will not commingle its funds or assets with those of any other Person, (G) conducts its own business in its own name, (H) maintains separate financial statements and files its own tax returns (or, if on a consolidated basis, such consolidated return shall clearly note that such Person and any other Person required hereunder to be a Single Purpose Entity are each a separate legal entity for all purposes other than federal tax reporting and that their respective Assets and credit are not available to satisfy the debts or obligations of any other Person), (I) pays its own debts and liabilities when they become due out of its own funds, (J) observes all partnership, corporate, limited liability company or trust formalities, as applicable, and does all things necessary to preserve its existence, (K) except as expressly permitted by the Loan Documents, maintains an arm's-length relationship with its Affiliates and shall not enter into any Contractual Obligations with any Affiliates except upon terms and conditions that are intrinsically fair and substantially similar to those that would be available on an arms-length basis with third parties other than an Affiliate, (L) pays the salaries of its own employees and maintains a sufficient number of ...

../25.0 shall be substituted for the number "225" in the definition of Libor Margin.

../25.0. “New Term Maturity Date” shall mean the date on which a New Term Loan matures. 251 “Non-Consenting Lender” shall have the meaning assigned to such term in Section 9.08(c). 252 “Non-FPA-Jurisdictional Subsidiary Guarantor” shall have the meaning assigned to such term in Section 3.23(c). 253 “Non-FPA Sales Authorizations” shall have the meaning assigned to such term in Section 3.23(c).