Asset Owner definition
Examples of Asset Owner in a sentence
Each ROFR Asset owner (a “ROFR Asset Owner”) hereby grants to Valero a right of first refusal on any proposed Transfer (other than a grant of a security interest to a bona fide third-party lender or a Transfer to another Group Member) of any ROFR Asset set forth next to such ROFR Asset Owner’s name on Schedule E.
The Recipient undertakes for the Maintenance Period to (or procure that the nominated Asset owner does): maintain the Assets in accordance with Good Industry Practice; reinstate the Assets if any Assets are lost, damaged or destroyed; and wherever necessary, make available additional funding to enable the maintenance or reinstatement of the Assets.
Borrower shall not do or suffer to be done, nor permit any Property Guarantor or Mezzanine Asset owner to do or suffer to be done, any act, or omit to take any action, that might result in a default by the landlord, lessor or licensor under any such Lease or allow the tenant thereunder to withhold payment of rent or cancel or terminate same and shall not further assign any such Lease or any such Rents.