Equity Entity definition
Examples of Equity Entity in a sentence
No Seller Party or nor Equity Entity has received written notice of a default under any Existing Loan which has not been cured, and, to the Knowledge of the Seller Parties, no such defaults have been threatened in writing.
Except as set forth in the Organizational Documents of the Equity Entities, there are no outstanding contractual obligations of any Equity Entity to repurchase, redeem, exchange or otherwise acquire any Interests in an Equity Entity.
If any amount is due from any Tenant pursuant to such reconciliation, the Purchaser Parties shall invoice, or cause the applicable Equity Entity to invoice, such Tenant for any such Closing Year Additional and Percentage Rent in the invoice to be sent to such Tenant in the ordinary course.
The Seller Parties shall not and shall not permit any Equity Entity or any Affiliate of the foregoing or any Person under the authority of any Seller Party or Equity Entity to request, cause or approve any Seller Party or Equity Entity to agree to any Divestiture or Burden without the prior written consent of the Purchaser Parties.
The Company or the Managing Member shall deliver to each Member a copy of any report, financial statements, or other information that is delivered by any Tax Equity Entity to its lenders under any credit agreement or other agreement of Indebtedness to which such Tax Equity Entity is a party or to any other Person holding Equity Interests in such Tax Equity Entity, in each case, solely to the extent the Company has received such report, financial statements, or other information.
Except as set forth in this Section 5.2(g), none of the Seller Parties, the Purchaser Parties, any Equity Entity or any of their respective Affiliates shall be required to compensate any third party, commence or participate in any Action or offer, grant any accommodation (financial or otherwise), terminate any arrangement and/or pay any termination fees to any third party to obtain any such Required Third Party Consent.
Schedule 1 (i) sets forth the percentage interest held by the Seller Parties in each Purchased Entity and (ii) each Underlying Property and the Equity Entity owning such Underlying Property.
The Company or the Managing Member shall deliver to each Member a copy of any report, financial statements, or other information that is delivered by any Tax Equity Entity to its lenders under any credit agreement or other agreement of Indebtedness to which such Tax Equity Entity is a party or to any other Person holding equity interests in such Tax Equity Entity, in each case, solely to the extent the Company has received such report, financial statements, or other information.
Except as set forth on Schedule 3.9(b), (i) there are no outstanding waivers or agreements extending the statute of limitations for any period with respect to any Tax to which the Equity Entities may be subject; and (ii) no closing agreements with respect to Taxes, Tax rulings or written requests for Tax rulings are currently outstanding or in effect with respect to any Equity Entity.
The Tax Equity Documents permit a transfer upon foreclosure of the Borrower’s indirect interest in the applicable Tax Equity Entity without the consent of the respective Tax Equity Investor(s), so long as such foreclosure transfer and the applicable foreclosure transferee satisfy the transfer conditions set forth in such Tax Equity Documents.