Additional Asset Entity definition

Additional Asset Entity shall have the meaning ascribed to it in the preamble hereto.

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Additional Asset Entity means a limited liability company, partnership or other entity that (i) owns one or more Fiber Networks and (ii) 100% of the Equity Interests in which are, directly or indirectly, contributed to, acquired by or otherwise owned by the Issuer after the Series 2023-1 Closing Date as provided in, and meeting the requirements of, Section 2.12(a).

Additional Asset Entity and “Additional Asset Entities” has the meaning specified in Section 8.01(i).

Examples of Additional Asset Entity in a sentence

In addition, effective upon the accession to the Indenture of an Additional Asset Entity, such Additional Asset Entity shall become a party hereto as an Additional Asset Entity and the Additional Obligor Tenant Site Assets of such Additional Asset Entity shall become Tenant Site Assets managed hereunder.
The Obligors shall promptly deliver to the Manager (with a copy to the Servicer) an amended Schedule I reflecting the addition of any such Tenant Site Assets, whereupon the Manager shall assume responsibility for the performance of the Management Services hereunder with respect to such Tenant Site Assets and Administrative Services with respect to such Additional Asset Entity.
In addition, effective upon the accession to the Indenture of an Additional Asset Entity, such Additional Asset Entity shall become a party hereto as an “Additional Owner” and the Additional Data Centers of such Additional Asset Entity shall become Data Centers managed hereunder.
The Obligors shall promptly deliver to the Manager (with a copy to the Servicer and the Rating Agencies) an amended Schedule I reflecting the addition of any such Tenant Site Assets, whereupon the Manager shall assume responsibility for the performance of the Management Services hereunder with respect to such Tenant Site Assets and Administrative Services with respect to such Additional Asset Entity.
The Issuer may make changes to the Operating Budget and the CapEx Budget from time to time as it deems necessary, including to reflect the addition of any Additional Asset Entity, Additional Tower Sites or Additional Obligor Tower Sites.
The Co-Issuers and each of the Asset Entities agree that, as of the Closing Date (in the case of the Co-Issuers and the Closing Date Asset Entities) or as of the date of its joinder to this Base Indenture (in the case of an Additional Asset Entity), it shall maintain its status as an entity not treated for U.S. federal income tax purposes as a corporation or other entity taxable as a corporation.
In connection with the addition of any Additional Collateral or Additional Asset Entity pursuant to Section 2.12(a), the Manager shall deliver to the Indenture Trustee an Officer’s Certificate that includes a certification that the applicable conditions of Section 2.12(a) and Section 2.12(b) have been satisfied.
In addition, effective upon the accession to the Indenture of an Additional Asset Entity, such Additional Asset Entity shall become a party hereto as an “Additional Owner” and the Additional Obligor Collateral of such Additional Asset Entity shall become Collateral managed hereunder, whereupon the Manager shall assume responsibility for the performance of the Collateral Support Services hereunder with respect to such Collateral and Administrative Services with respect to such Additional Owner.

More Definitions of Additional Asset Entity

Additional Asset Entity means a limited liability company, partnership or other entity that (i) owns one or more Fiber Networks and (ii) 100% of the Equity Interests in which are, directly or indirectly, contributed to, acquired by or otherwise owned by the Borrower or any other Loan Party as provided in, and meeting the requirements of, Section 2.19(a).

Additional Asset Entity means a limited liability company, partnership or other entity that (i) owns one or more Fiber Networks and (ii) 100% of the Equity Interests in which are, directly or indirectly, contributed to, acquired by or otherwise owned by an Issuer after the Series 2025-2 Closing Date as provided in, and meeting the requirements of, Section 2.12(a).

Additional Asset Entity means any additional wholly-owned subsidiary to the Issuer or the Co-Issuer, contributed by DigitalBridge and its subsidiaries, after the Series 2021-1 Closing Date as provided in, and meeting the requirements of, Section 2.12.

Additional Asset Entity means any bankruptcy remote, special purpose limited liability company, with Organizational Documents substantially in the same form as the Organizational Documents of the Obligors, that (i) owns or leases one or more Parking Facilities and (ii) 100% of the Equity Interests in which are, directly or indirectly, contributed to or acquired by the Issuer after the Series 2025-1 Closing Date as provided in, and meeting the requirements of, Section 2.12(a).

Additional Asset Entity shall have the meaning ascribed to it in the preamble hereto. “Additional Cellular Site” shall have the meaning ascribed to it in Section 2.12(a).