Borrowing Base Subsidiary definition

Borrowing Base Subsidiary means (a) any Guarantor Subsidiary and (b) any direct or indirect wholly-owned Domestic Subsidiary of Borrower or any Guarantor Subsidiary.

Borrowing Base Subsidiary means a Wholly Owned Subsidiary of Borrower or an Unencumbered Pool Property Controlled Subsidiary that directly owns or leases an Unencumbered Pool Property.

Borrowing Base Subsidiary means each Subsidiary that directly owns any Borrowing Base Asset (or, with respect to any Borrowing Base Asset that is a Starwood Fund Investment Asset, directly owns the applicable Starwood Fund Equity Interests) or receives any Fee-Related Earnings that contribute to Servicing Fee EBITDA.

Examples of Borrowing Base Subsidiary in a sentence

• Each Loan Party and Borrowing Base Subsidiary is in compliance with each Governmental Approval applicable to it and in compliance with all other Applicable Laws (including without limitation, Environmental Laws) relating to such Loan Party and Borrowing Base Subsidiary except for noncompliances which, and Governmental Approvals the failure to possess which, could not, individually or in the aggregate, reasonably be expected to cause a Default or Event of Default or have a Material Adverse Effect.

• Upon the consummation of the Sale of any Property or any Borrowing Base Subsidiary constituting a permitted Sale under clause (iv) of Section 11.3, the Global Borrowing Base shall be reduced by an amount required under Section 11.3 on account of such Sale.

• In any instance in this Article XI where it is provided that an action may be taken by the Company or a Borrowing Base Subsidiary only with the approval or consent of the Required Lenders, the failure by a U.S. Lender to respond to a request for such approval or consent within 10 Business Days of receipt of a request for such approval or consent (or such other length of time as specified by the Global Administrative Agent in such request) shall be deemed an approval of, or consent to, such request.

• REIT shall continue to own, directly or indirectly, not less than eighty-five percent (85%) of the economic, voting and beneficial interest in the Borrower and shall be the sole general partner of the Borrower and the Borrower (or as provided in clause (e) of the definition of Change of Control, Borrower and REIT) shall continue to own, directly or indirectly, one hundred percent (100%) of the economic, voting and beneficial interest in each Borrowing Base Subsidiary.

• For purposes of this Section 11.9, the merger of the Company or any Borrowing Base Subsidiary as permitted under Section 11.2 shall be deemed to be an Acquisition not involving "margin stock".

More Definitions of Borrowing Base Subsidiary

Borrowing Base Subsidiary means, at any time, any Subsidiary of ESR OP that (i) (x) owns a Borrowing Base Property at such time and/or (y) is the lessee under an Eligible Ground Lease in respect of a Borrowing Base Property at such time or (ii) owns, directly or indirectly, any Equity Interests in a Subsidiary of the type specified in clause (i) of this definition.

Borrowing Base Subsidiary means, at any time, any Subsidiary of the Company which owns or controls any Properties and any Subsidiary that owns or controls, directly or indirectly, another Subsidiary that owns or controls any Properties. The Borrowing Base Subsidiaries of the Company as of the Global Effective Date are listed on Schedule 8.8 hereto.

Borrowing Base Subsidiary means any Subsidiary of the Borrower whose equity interests constitute Borrowing Base Eligible Assets pursuant to subclauses (i)(x), (i)(y) or (i)(z) of the definition of Borrowing Base Eligibility Criteria and shall include, without limitation, all Borrowing Base Debt Subsidiaries listed on Schedule C-2.

Borrowing Base Subsidiary means any wholly-owned Subsidiary of the Borrower incorporated or organized under the laws of any state of the United States of America or the District of Columbia that owns any Borrowing Base Property.

Borrowing Base Subsidiary means any Restricted Subsidiary which is also a “Restricted Subsidiary”, as such term is defined in the Senior Note Indenture.

Borrowing Base Subsidiary means each Subsidiary of the Borrower that is not a Non-Borrowing Base Subsidiary of the Borrower.

Borrowing Base Subsidiary. As defined in §7.19(a)(i). A Borrowing Base Subsidiary may be a Subsidiary Guarantor.