BR Party definition

BR Party means any of (a) the Bluerock Guarantor, (b) BR Member, (c) any Person that acquires a membership interest in the Company from a BR Party pursuant to the provisions of the Operating Agreement, and (d) any employee, agent, representative, officer, manager or member of BR Member or the Bluerock Guarantor.
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BR Party means, any of (a) the BR Guarantor, (b) SOIF III, (c) any employee, agent, representative, officer or member of the BR Guarantor or SOIF III, (d) and any Person, other than Waypoint GP or any Affiliate of Waypoint GP, that acquires a membership interest in the Company from the Managing Member and (e) Bluerock Real Estate, L.L.C., a Delaware limited liability company.
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Examples of BR Party in a sentence

  • Notwithstanding the foregoing to the contrary, the Parties acknowledge and agree that the Property Owner, so long as any BR Party or any TriBridge Party is the owner of an interest (direct or indirect) in Property Owner, shall be a third-party beneficiary of this Agreement and be entitled to enforce the rights afforded to the Property Owner hereunder (including, without limitation, the indemnification provided in Section 2 above).

  • The Vintage Parties, jointly and severally, represent and warrant to the BR Party that Vintage RTO, L.P. and Samjor Family LP own 2,156,339 units and 8,354,118 units, respectively, of Buddy’s Newco, LLC, out of a total of 17,598,668 units outstanding as of the date of this Agreement.

  • No Party may assign their respective rights, interests or obligations hereunder to any other person (except by operation of law) without the prior written consent of the BR Guarantor (in the case of an assignment by a Vintage Party) or the Vintage Guarantors (in the case of an assignment by the BR Party), and any attempted assignment without such required consents shall be null and void and of no force or effect.

  • Following any release of the Waypoint Guarantors from future liability in accordance with this Paragraph 3(c), the BR Guarantor shall remain fully liable for all obligations owing by the BR Guarantor to Rohdie and any Waypoint Party under Paragraph 2(c) hereof (provided, however, that for these purposes and only in this limited circumstance, the BR Guarantor shall be liable for 100% of any Joint Loss), the same to survive the occurrence of a BR Party 100% Acquisition Event.

  • Subject to Section 3 below, (i) the ▇▇▇▇▇▇▇ Guarantor and Property Manager hereby jointly and severally indemnify and hold the Bluerock Guarantor harmless from and against (a) all ▇▇▇▇▇▇▇ Party Caused Guaranty Losses and (b) 5% of all Joint Losses, and (ii) the Bluerock Guarantor hereby indemnifies and holds the ▇▇▇▇▇▇▇ Guarantor harmless from and against (c) all BR Party Caused Guaranty Losses and (d) 95% of all Joint Losses.

  • Following any release of the BR Guarantor from future liability in accordance with this Paragraph 3(d), the Waypoint Guarantors shall remain fully liable for all obligations owing by the Waypoint Guarantors to any BR Party and Rohdie under Paragraph 2(a) hereof (provided, however, that for these purposes and only in this limited circumstance, the Waypoint Guarantors shall be liable for 100% of any Joint Loss), the same to survive the occurrence of a Waypoint Party 100% Acquisition Event.