Condor Guarantor definition

Condor Guarantor means at Condor Member’s option either (a) Condor Member and/or Affiliates of Condor Member having as of the date of a Guaranty either individually or in the aggregate shareholder’s total equity and/or Net Worth of at least $27,000,000.00, as reported on its last financial statement prepared prior to the date of the Guaranty, or (b) Condor Member and Condor Hospitality Trust, Inc., a Maryland corporation.
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Condor Guarantor means Condor Hospitality Trust, Inc., a Maryland corporation.
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Examples of Condor Guarantor in a sentence

  • If acceptable to the Franchisor, the Franchise Guaranty will be given by the TWC Guarantor acceptable to the Franchisor and the Condor Guarantor acceptable to the Franchisor in proportion to the respective Percentage Interests of their related Members at the time; otherwise, the Franchise Guaranty may be joint and several.

  • If acceptable to the Lender, the Loan Guaranties will be given by the TWC Guarantor acceptable to the Lender and the Condor Guarantor acceptable to the Lender in proportion to the respective Percentage Interests of their related Members at the time; otherwise, the Loan Guaranties may be joint and several.

  • For purposes of this Section 9.1.1, the term “Affiliate” does not include the direct or indirect equity owners of Condor Guarantor or the limited partners of Supertel or the direct or indirect owners of Supertel’s limited partners.

  • FreeTV Australia, submission to ACCC Digital Platform Services Inquiry – March 2021 report on app marketplaces – Issues Paper, 17 November 2020, https://www.accc.gov.au/system/files/Free%20TV%20Australia%20%2816%20October%202020%29.pdf, 11.

Related to Condor Guarantor

  • Seller Guarantor means (i) [ ] (so long as it qualifies as an Acceptable Guarantor) or (ii) any other Acceptable Guarantor.

  • 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.

  • Guarantor means: .............................................................................................................................................

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

  • 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.

  • U.S. Subsidiary Guarantor means each U.S. Subsidiary which has executed and delivered to the U.S. Administrative Agent the U.S. Subsidiary Guaranty (or a supplement thereto).

  • 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.

  • Subsidiary Guarantor means, collectively, the Subsidiaries of the Borrower that are Guarantors.

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

  • Additional Subsidiary Guarantor means each Person that becomes a Subsidiary Guarantor after the Closing Date by execution of an Accession Agreement as provided in Section 6.12.

  • Guarantor Subsidiary means each Guarantor other than Holdings.

  • Operating Subsidiary means a majority-owned subsidiary of a financial

  • Guarantors means each of:

  • Successor Guarantor shall have the meaning specified in Section 11.02(a).

  • Mortgage Borrower shall have the meaning set forth in the Recitals to this Agreement.

  • Financing Subsidiary means (a) any Structured Subsidiary or (b) any SBIC Subsidiary.

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

  • JV Subsidiary any Subsidiary of a Group Member which is not a Wholly Owned Subsidiary and as to which the business and management thereof is jointly controlled by the holders of the Capital Stock therein pursuant to customary joint venture arrangements.

  • 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.

  • Significant Guarantor means any guaranty agency that guarantees trust student loans comprising at least 10% of the Pool Balance of the trust student loans by outstanding principal balance as of the statistical disclosure date.

  • Wholly Owned Subsidiary Guarantor any Subsidiary Guarantor that is a Wholly Owned Subsidiary of the Borrower.

  • Borrower Party means the Mortgage Loan Borrower, a manager of the Mortgaged Property, an Accelerated Mezzanine Loan Lender or any Borrower Party Affiliate.

  • U.S. Guarantor means a Guarantor whose jurisdiction of organisation is a state of the United States of America or the District of Columbia.

  • ORE Subsidiary means any Subsidiary of the Assuming Bank that engages solely in holding, servicing, managing or liquidating interests of a type described in clause (A) of the definition of “Other Real Estate,” which interests have arisen from the collection or settlement of a Shared-Loss Loan.

  • Corporate Guarantor means Navios Maritime Holdings Inc., a company incorporated in the Xxxxxxxx Islands and having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Xxxxxxxx Xxxxxxx, XX00000;

  • SPE Subsidiary means any Subsidiary formed solely for the purpose of, and that engages only in, one or more Securitization Transactions.