Borrower Entity definition

Borrower Entity shall have the meaning set forth in Section 11.1 hereof.

Borrower Entity means a Person (a) in which the Borrower, directly or indirectly, has made an Investment, but which is not a Subsidiary, and (b) in which Person the Borrower, directly or indirectly, has a capital investment of no less than 10% of the aggregate capital investment of such Person.

Borrower Entity means each of Borrower and the Borrower Subsidiaries.

Examples of Borrower Entity in a sentence

• Borrower is a Borrower Entity Type (as defined in Exhibit A) duly organized, legally existing under the laws of the Borrower Jurisdiction (as defined in Exhibit A) and is duly qualified as a Borrower Entity Type in all jurisdictions wherein the property it owns or the business it transacts make such qualification necessary.

• Your Borrower Entity Type is duly organized and is legally existing under the laws of your Borrower Jurisdiction and is likewise qualified in all jurisdictions in which it owns property or where you transact business as required by law.

• AGENCY BORROWER CALIFORNIA HOUSING FINANCE AGENCY, a public instrumentality and political subdivision of the State of California ***Borrower Name TE***, ***Borrower Entity Type CO*** By: Name: Title: By , a California nonprofit public benefit corporation, its general partner By Name: Title: Exhibit A.

• The SPE Equity Owner, if applicable, will at all times since its formation and thereafter comply in its own right (subject to the modifications set forth below), and will cause the applicable Borrower Entity to comply, with each of the requirements of a Single Purpose Entity.

• Borrower is a Borrower Entity Type (as defined in Exhibit A) duly organized, legally existing under the laws of the Borrower Jurisdiction (as de- fined in Exhibit A) and is duly qualified as a Borrower Entity Type in all jurisdictions wherein the property it owns or the business it transacts make such qualification necessary.

More Definitions of Borrower Entity

Borrower Entity means each of the entities identified in Exhibit A annexed hereto, together with their respective successors and assigns.

Borrower Entity has the meaning assigned in Section 3.5.

Borrower Entity means, if applicable, the entity form of Borrower which is a corporation.

Borrower Entity. Each of the Borrower, the Owners’ Agent and the Operator and each of their respective successors and assigns.

Borrower Entity means, collectively, each Borrower, Maryland Owner, and SPE Component Entity; the term “Loan Party” shall mean, collectively, each Borrower Entity, Borrower Principal, PRISA Investments and any Affiliated Manager; and the term “Related Party” shall mean, as to any Person, any other Person (a) that is an Affiliate of such Person or (b) in which such Person owns, directly or indirectly, in the aggregate more than fifty percent (50%) of the beneficial ownership interests in such Person. Notwithstanding anything to the contrary in this Guaranty or any of the other Loan Documents, the aggregate liability of Guarantor with respect to the Guaranteed Obligations set forth in (y) Section 1.2(a)(ix), Section 1.2(b)(ii) and Section 1.2(b)(iii) above (collectively, the “Bankruptcy Recourse Events”), and (z) under Section 1.2(a)(ix), Section 1.2(b)(ii) and Section 1.2(b)(iii) of the Mezzanine 1 Guaranty (as hereinafter defined), Mezzanine 2 Guaranty (as hereinafter defined), and the Mezzanine 3 Guaranty (as hereinafter defined) shall not exceed $200,000,000 (the “Guaranty Cap”). The Guaranty Cap shall not be reduced as a result of any prepayments of the Loan or any Mezzanine Loan. For purposes of this Guaranty, the term “Mezzanine 1 Guaranty” shall mean the “Guaranty” as defined in the Mezzanine 1 Loan Agreement; the term “Mezzanine 2 Guaranty” shall mean the “Guaranty” as defined in the Mezzanine 2 Loan Agreement; and the term “Mezzanine 3 Guaranty” shall mean the “Guaranty” as defined in the Mezzanine 3 Loan Agreement. Guaranty & Indemnity Agreement

Borrower Entity and “Borrower Entities” means, singularly and collectively, as the context requires, [LIST ALL OF THE SEPARATE ENTITIES THAT ARE THE BORROWER]

Borrower Entity means each of the Borrower, the Investment Subsidiary and any Permitted Additional Subsidiary.