Estate Holder definition
Examples of Estate Holder in a sentence
The Domestic Franchisor has no subsidiaries and owns no Equity Interests in any other Person other than the Domestic Distribution Real Estate Holder and any Additional Securitization Entity.
For the avoidance of doubt, the Domestic Distribution Real Estate Holder shall not be required to, and the Trustee may not, record or cause to be recorded any Manufacturing and Distribution Center Mortgage until the occurrence of a Mortgage Recordation Event.
The Domestic Distribution Real Estate Holder owns the Real Estate Holder Concentration Account.
The Canadian Distributor, the IP Holder, the International Franchisor, the Domestic Distribution Real Estate Holder and the Domestic Distribution Equipment Holder have no subsidiaries and own no Equity Interests in any other Person other than any Additional Securitization Entity.
No Co-Issuer shall, or shall permit any other Securitization Entity to, acquire any fee interest in real property (other than any fee interest in real property acquired by the Domestic Distribution Real Estate Holder).
Upon the request of the Domestic Distribution Real Estate Holder, and at the direction of the Manager, the Trustee shall execute and deliver a release of mortgage to be held in escrow pending a closing of a sale of any owned Domestic Manufacturing and Distribution Center; provided that if such closing shall not occur, such release of mortgage shall be returned by the escrow agent directly to the Trustee.
In the event that the Lease is terminated for any reason, Senior Estate Holder agrees Leasehold Mortgagee shall have the right to require the execution and delivery of a new lease in favor of Leasehold Mortgagee or its designee as specified in Section 11.4 of the Lease.
Each Additional Management Account that is to be a Franchisor Capital Account or a Real Estate Holder Account shall be designated as such by the Manager.
If an Owner holds a life estate (“Life Estate Holder”) in the Leased Property and is alive, Owner shall only consist of the Life Estate Holder, and all payments, notices and other dealings under this Lease (including the signing of estoppels) by Tenant with Owner shall be conducted solely with the Life Estate Holder as Owner.
Each Real Estate Holder Advance shall be repaid solely from Franchisee Lease Payments received in the Real Estate Obligations Account after the date of such Real Estate Holder Advance in accordance with Section 5.10(d) of the Base Indenture.