Accommodation Party definition

Accommodation Party. See Black’s Law Dictionary, 6th ed. See also UCC § 3-419 “Account(s)” See Black’s Law Dictionary 6th ed., Account. See also UCC § 4-104, (1) (a) and UCC § 9-106.
Accommodation Party means an affiliate of a Qualified 1031 Exchange Intermediary that qualifies as an “exchange accommodation titleholder” under the Revenue Procedure and which is created or used by such Qualified 1031 Exchange Intermediary in the ordinary course of business to facilitate like-kind exchanges under Section 1031 of the Code; provided that such affiliate is a newly formed, single purpose limited liability company, whose sole asset is the Real Estate Asset, including the lease thereof to the Trizec QEAA Lessee, and whose sole liabilities are the Trizec QEAA Loan and those relating to such Real Estate Asset.
Accommodation Party means a party to an instrument other than the accommodated

Examples of Accommodation Party in a sentence

  • Each party consents to the assignment of this Agreement by the other to an Exchange Trustee or Accommodation Party.

  • The release of Borrower by Bank does not affect the right of Accommodation Party to obtain reimbursement from Borrower if Accommodation Party pays Bank.

  • If Bank takes $3,000 and releases Borrower from the $10,000 debt, Accommodation Party is not injured.

  • Negotiable Instruments--Action Against Accommodation Party-- Promise Not to Enforce the Instrument (Callery v.

  • Article 4 (Accommodation) Party B will be guaranteed accommodation by Party A through (please tick appropriate box): –A.

  • LICENSOR is not and never will be an Accommodation Party or Surety for the LICENSEE and vice versa under any circumstances.

  • Remainderman will be required to sign the Mortgage as an Accommodation Party.

  • Bouchard Jr., “Sex Differences in Mental Abilities: G Masks the Dimensions on Which They Lie,” Intelligence 35, no.

  • Considering that both the President and Vice-President were signatories to the accommodation, they themselves can be subject to the liabilities of accommodation parties to the instrument in their personal capacity (Crisologo- Jose v CA 15Sep1989) Parties; Accommodation Party (1996)Nora applied for a loan of P100th with BUR Bank.

  • Based on the foregoing, each Secured Accommodation Party has a valid and enforceable right of setoff against the Debtors equal in amount to such Secured Accommodation Party’s Customer Accounts, and each such Secured Accommodation Party has a valid secured claim against the Debtors in the same magnitude.

More Definitions of Accommodation Party

Accommodation Party. , in relation to a bill, means a person who has signed the bill as drawer, acceptor or endorser–
Accommodation Party means a person that undertake the payment and is liable to pay the amount of Negotiable Instrument.
Accommodation Party means Compaq Computer Corporation, a Delaware corporation.
Accommodation Party means Bankers Trust Company, New Jersey, Limited Trust Services, its successors, or any other FDIC-insured bank mutually agreed between the Servicer and the Subservicer.
Accommodation Party shall have the meaning ascribed thereto in the Security Agreement.
Accommodation Party means individually and collectively any Guarantor and any Subsidiary or other third party Person that is a grantor, trustor or transferor of a lien or security interest in property under any Loan Document.

Related to Accommodation Party

  • accommodation unit in relation to any premises, means a building or section of a building occupied or used or intended for occupation or use for any purpose;

  • Accommodation means hospital facilities covered under your applicable policy including meals, bed fees, theatre fees and treatment including nursing care.

  • Accommodations means the room or other space provided to transient guests for dwelling, lodging, or sleeping, including furnishings and other accessories, in a facility that is not a campground, hospital, nursing home, emergency shelter, or community mental health or community substance abuse treatment facility. Accommodations do not include food or beverages.

  • Reasonable accommodation means necessary and appropriate modification and adjustments not imposing a disproportionate or undue burden, where needed in a particular case, to ensure to persons with disabilities the enjoyment or exercise on an equal basis with others of all human rights and fundamental freedoms;

  • residential accommodation means accommodation which is provided in—

  • Accommodation Payment as defined in Section 10.21(d).

  • Transient accommodation means a room, group of rooms, or

  • Accommodation Agreement means the agreement between the Student, the School, the Parents, which governs the Student’s accommodation arrangements. Act means the Education Act 1989. Agreement means this Agreement including any schedules. Application Form means the standard enrolment form which forms the cover page of this Agreement. Code means the Education (Pastoral Care of International Students) Code of Practice 2016.

  • Housing accommodation or "Dwelling" means any building, mobile home or trailer, structure, or portion thereof which is occupied as, or designed, or intended for occupancy, as, a residence by one or more families, and any vacant land which is offered to sale or lease for the construction or location thereon of any such building, mobile home or trailer, structure, or portion thereof or any real property, as defined herein, used or intended to be used for any of the purposes set forth in this subsection.

  • board and lodging accommodation means accommodation provided to a person or, if he is a member of a family, to him or any other member of his family, for a charge which is inclusive of the provision of that accommodation and at least some cooked or prepared meals which both are cooked or prepared (by a person other than the person to whom the accommodation is provided or a member of his family) and are consumed in that accommodation or associated premises;

  • Obligated Party has the meaning assigned to such term in Section 10.02.

  • Construction Party means a party to a Construction Service Agreement. “Construction Parties” shall mean all of the Parties to a Construction Service Agreement.

  • Transaction Party means the Company and each Guarantor, collectively, “Transaction Parties”.

  • Additional Credit Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.10.

  • Construction Parties means all of the Parties to a Construction Service Agreement.

  • Obligated Person means any person, including the Issuer, who is either generally or through an enterprise, fund, or account of such person committed by contract or other arrangement to support payment of all, or part of the obligations on the Bonds (other than providers of municipal bond insurance, letters of credit, or other liquidity facilities), as shown on Exhibit A.

  • Auction Party has the meaning set forth in the definition of “Dutch Auction”.

  • Letter of Credit Accommodations means the letters of credit, merchandise purchase or other guaranties which are from time to time either (a) issued or opened by Lender for the account of Borrower or any Obligor or (b) with respect to which Lender has agreed to indemnify the issuer or guaranteed to the issuer the performance by Borrower of its obligations to such issuer.

  • Endorser means a person who makes an endorsement.

  • Qualified ECP Loan Party means each Loan Party that on the Eligibility Date is (a) a corporation, partnership, proprietorship, organization, trust, or other entity other than a “commodity pool” as defined in Section 1a(10) of the CEA and CFTC regulations thereunder that has total assets exceeding $10,000,000, or (b) an Eligible Contract Participant that can cause another person to qualify as an Eligible Contract Participant on the Eligibility Date under Section 1a(18)(A)(v)(II) of the CEA by entering into or otherwise providing a “letter of credit or keepwell, support, or other agreement” for purposes of Section 1a(18)(A)(v)(II) of the CEA.

  • Margin Loan Provider means the Initial Margin Loan Provider, subject to replacement by a replacement Margin Loan Provider, and any of their respective successors.

  • Purchasing Borrower Party means Holdings or any subsidiary of Holdings.

  • Borrower Party Affiliate With respect to a borrower, a mortgagor, a manager of a Mortgaged Property or a restricted mezzanine holder, (a) any other person controlling or controlled by or under common control with such borrower, mortgagor, manager or restricted mezzanine holder, as applicable, (b) any other person owning, directly or indirectly, 25% or more of the beneficial interests in such borrower, mortgagor or manager, as applicable, or (c) any other person owning, directly or indirectly 25% or more of the beneficial interests in such restricted mezzanine holder. For the purposes of this definition, “control” when used with respect to any specified person means the power to direct the management and policies of such person, directly or indirectly, whether through ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

  • Guarantor means any one of them.

  • Obligors means the Borrower and the Guarantors and an Obligor means any of them.

  • Credit Improved Obligation means any Collateral Debt Obligation which, in the Investment Manager’s judgment, has significantly improved in credit quality and in respect of which one of the following is satisfied: