BTR Manager A definition
Examples of BTR Manager A in a sentence
Sale of Underlying Securities............................17 Section 14.
Except for the security interests in favor of Lender under the Mezzanine Loan Documents, Borrower is the 99% member of each of the Property Owners, BTR Manager A is the 1% owner and manager of each of the Countrywide Property Owners, BTR Manager B is the 1% owner and manager of each of the Susquehanna Property Owners and BTR Manager C is the 1% owner and manager of the M▇▇▇▇▇ Property Owner.
BTR Manager A is the 1% member and managing member of each of the Countrywide Property Owners and is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and is registered or qualified to do business in, and is in good standing under the laws of every jurisdiction in which the nature of its business or its properties makes such qualification necessary.
BTR Manager A has the full power and authority to own its Ownership Interests and to act as the managing member for each of the Countrywide Property Owners, own and operate the Properties in which it has any Ownership Interests, to carry on its business as now conducted, to enter into each Mezzanine Loan Document to which it is a party or signatory, and to perform and carry out its obligations and the transactions contemplated hereby and thereby.