Block 21 Entity definition

Block 21 Entity means ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇, ▇.▇.▇.
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Block 21 Entity means CJUF II Stratus Block 21 LLC, the owner of the W Austin Hotel and Condominium Residences
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Block 21 Entity means CJUF II Stratus Block 21 LLC, a Delaware limited liability company, the owner of the W Austin Hotel and Condominium Residences. Borrower has informed Bank that after the buyout of Canyon ▇▇▇▇▇▇▇ (as provided in Section 1.1 of Addendum 4), the name of the Block 21 Entity will change to “▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇, ▇.▇.▇.” Upon written notification by Borrower to Bank of such name change, which shall be provided to Bank within five (5) days of such name change, Borrower and Bank hereby agree that all references to the current Block 21 Entity in the Loan Documents (i.e., CJUF II Stratus Block 21 LLC) shall be replaced with “▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇, ▇.▇.▇.”
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Examples of Block 21 Entity in a sentence

  • Stratus has agreed to pledge to Bank, and a grant a security interest to Bank in, Stratus’s right to receive any distributions from the Block 21 Entity, pursuant to the Block 21 Security Agreement.

  • Notwithstanding anything to the contrary contained herein, Bank acknowledges and agrees that Stratus has pledged its interest in the Block 21 Entity to the senior lender of the Block 21 project and is not required to pledge that interest to Bank.

  • Borrower further covenants and agrees that any distributions received by Stratus or any other Borrower from its investment in the Block 21 Entity shall, after repayment of any amounts due to the senior lender having a lien or security interest on the Block 21 project and/or the Block 21 Entity, be paid to Bank and applied as set forth in Section 2.19 of Addendum 2.

  • Subject to and upon the terms and conditions of this Agreement and the other Loan Documents, and relying on the representations and warranties made to Bank in this Agreement and the other Loan Documents, Bank agrees to make a portion of the Loan equal to the amount of the Term Loan Tranche available to Borrowers to provide funds to allow the buyout of Status’ partner in the Block 21 Entity (“Canyon ▇▇▇▇▇▇▇”).

  • Notwithstanding anything to the contrary contained 017104 000349 ▇▇▇▇▇▇▇▇.4 herein, Bank acknowledges and agrees that Stratus has pledged its interest in the Block 21 Entity to the senior lender of the Block 21 project and is not required to pledge that interest to Bank.