Carveout Obligors definition

Carveout Obligors means Metropolitan Partners, LLC and Metropolitan Operating Partnership, L.P.. Any other person who expressly assumes liability for the Carveout Obligations in writing during the term of the Loan shall become a "Carveout Obligor" for purposes of this Mortgage.
Sample 1
Carveout Obligors means Cornerstone Operating Partnership, L.P., a Delaware limited partnership, and Cornerstone Core Properties REIT, Inc., a Maryland corporation, jointly and severally, and "Carveout Obligor" means anyone of them. Any other person or entity that expressly assumes liability for the Carveout Obligations during the term of the Loan shall become a "Carveout Obligor" for purposes of this Mortgage."
Sample 1
Carveout Obligors means Xxxxxxx X. Xxxxx, Xxxxxx X. Xxxxxxx, Xxxxxxx X. Xxxxxx, and Xxxxxx X. Xxxxxx. Any other person who expressly assumes liability for the Carveout Obligations during the term of the Loan shall become a “Carveout Obligor” for purposes of this Deed of Trust.
Sample 1

Examples of Carveout Obligors in a sentence

  • The ownership structure, financial strength, credit history and demonstrated property management expertise of the proposed transferee, its principals, and any proposed Replacement Carveout Obligor(s) (as defined below) shall be satisfactory to the Lender in its sole discretion.

  • The offering, sale or other transfer of capital stock or shares of beneficial interests in or of the Carveout Obligors, or any distributions of dividends to public shareholders of the Carveout Obligors shall constitute Permitted Transfers for purposes of Section 13.

  • All obligations on the part of the Purchaser and the Supplemental Carveout Obligors arising under this Agreement shall be secured by the lien and security interest of the Original Security Instruments, as herein amended, and shall bear interest at the default rate set forth in the Note from the date due until paid.

  • The Mortgagee agrees that any direct or indirect transfers of membership interests in COP-Monroe North, LLC ("COP-Monroe North") shall be permitted so long as COP-Monroe North remains under the Legal Control of the Supplemental Carveout Obligors.

  • It is expressly understood and agreed that the liability of the Purchaser and the Supplemental Carveout Obligors arising under this Section is not limited by any limitation on the recourse of the Mortgagee for the Loan that may be provided in the Loan Documents and that the Mortgagee shall have full recourse to all of the respective assets of the Purchaser and the Supplemental Carveout Obligors for the obligations arising under this Section.

Related to Carveout Obligors

  • Non-Guarantor means any Restricted Subsidiary that is not a Guarantor.

  • Non-Guarantor Subsidiaries means, as of any date of determination, a collective reference to:

  • Borrower Parties means the collective reference to the Borrower and its Restricted Subsidiaries, and “Borrower Party” means any one of them.

  • Recourse Obligations has the meaning set forth in Section 2.1.

  • Consolidated First Lien Secured Debt means Consolidated Total Debt as of such date that is not Subordinated Indebtedness and is secured by a Lien on all of the Collateral that ranks on an equal priority basis (but without regard to the control of remedies) with Liens on all of the Collateral securing the Obligations.

  • Initial Borrower has the meaning set forth in the preamble hereto.

  • Limited Guarantor With respect to any Series (or Class within such Series), a Person specified in the related Supplement as providing a guarantee or insurance policy or other credit enhancement supporting the distributions in respect of such Series (or Class within such Series) as and to the extent specified in such Supplement.

  • Original Borrower means, as the context requires, any of them;

  • Parent Guarantors means the Company, Holdings I, Holdings II, Holdings III, Holdings IV and Holdings V.

  • Guarantor Subsidiaries has the meaning set forth in the Recitals to this Agreement.

  • Non-Guarantor Subsidiary means any Restricted Subsidiary that is not a Guarantor.

  • Parent Guarantor has the meaning specified in the recital of parties to this Agreement.

  • Operating Lessee means, with respect to a Hotel Property, the Subsidiary of the Parent Guarantor that leases such Hotel Property from a Subsidiary of the Parent Guarantor that is the owner or ground lessee of such Hotel Property.

  • Non-recourse Obligation means indebtedness or other obligations substantially related to (1) the acquisition of assets not previously owned by the Company or any direct or indirect Subsidiaries of the Company or (2) the financing of a project involving the development or expansion of properties of the Company or any direct or indirect Subsidiaries of the Company, as to which the obligee with respect to such indebtedness or obligation has no recourse to the Company or any direct or indirect Subsidiary of the Company or such Subsidiary’s assets other than the assets which were acquired with the proceeds of such transaction or the project financed with the proceeds of such transaction (and the proceeds thereof).

  • New Borrower means (a) each New Company that is a Company Borrower, and (b) each other Company (including a New Company) acting on behalf of, and for the account of, each Series thereof that is a New Fund.

  • Guarantors means each of:

  • Obligors means the Borrower and the Guarantors.

  • DIP Lender means a lender under the DIP Facility.

  • Portfolio Companies means any Person in which any Fund owns or has made, directly or indirectly, an investment.

  • Canadian Subsidiary Guarantor each Canadian Subsidiary of any Canadian Borrower which executes and delivers the Canadian Guarantee and Collateral Agreement, in each case, unless and until such time as the respective Canadian Subsidiary Guarantor ceases to constitute a Canadian Subsidiary of the Parent Borrower or is released from all of its obligations under the Canadian Guarantee and Collateral Agreement in accordance with the terms and provisions thereof.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Secured Recourse Indebtedness means all Indebtedness (including Guaranties of Secured Indebtedness) that is Secured Indebtedness and is not Nonrecourse Indebtedness.

  • Non-Recourse Parties has the meaning provided in Section 12.16.

  • Guarantor Payment as defined in Section 5.11.3.

  • Guarantor Subsidiary means each Guarantor other than Holdings.

  • Project Financing Subsidiary means any Restricted Subsidiary of the Borrower (or any other Person in which Borrower directly or indirectly owns a 50% or less interest) whose principal purpose is to incur Project Financing or to become an owner of interests in a Person so created to conduct the business activities for which such Project Financing was incurred, and substantially all the fixed assets of which Subsidiary or Person are those fixed assets being financed (or to be financed) in whole or in part by one or more Project Financings.