Common use of Restricted Party Clause in Contracts

Restricted Party. (i) Borrower, the OP, the Guarantor, or any Affiliated Manager, and (ii) any shareholder, general partner, member, non-member manager, direct or indirect legal or beneficial owner of, Borrower, the OP, Guarantor, any Affiliated Manager or any non-member manager; provided, however, that the term "Restricted Party" shall not include any limited partner of the OP, Guarantor, or any Affiliated Manager, or any shareholders of the REIT, or any person owning direct or indirect interests in or through such limited partners or shareholders. Sale or Pledge: a voluntary or involuntary sale, conveyance, assignment, transfer, encumbrance or pledge of a legal or beneficial interest. Scheduled Defeasance Payments: the Monthly Debt Service Payment Amount required under the Notes for all Payment Dates occurring after the Defeasance Date (including the outstanding Principal balance on the Notes as of the Stated Maturity Date).