Operating Lessee Pledgor definition

Operating Lessee Pledgor shall have the meaning set forth in the Mortgage Loan Agreement.
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Operating Lessee Pledgor means, collectively, CCRC OPS MB-T, LLC, MA OPS MB1-T, LLC and Glenwood OPS MB1-T, LLC, each a Delaware limited liability company.
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Operating Lessee Pledgor means Operating Tenant (SHBH) Owner, LLC, a Delaware limited liability company. “Operating Lessee Security Agreement” shall mean that certain Operating Lessee Security Agreement and Assignment of
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Examples of Operating Lessee Pledgor in a sentence

  • Borrower and Operating Lessee Pledgor have been duly organized and are validly existing and in good standing with requisite power and authority to own their properties and to transact the businesses in which each is now engaged.

  • None of Borrower, Equity Owner, Operating Lessee Pledgor, Mortgage Borrower or Operating Lessee is in default or violation of any order, writ, injunction, decree or demand of any Governmental Authority.

  • The direct and indirect ownership interests in each Individual Borrower, Equity Owner, Operating Lessee Pledgor, Mortgage Borrower and Operating Lessee are as set forth on the organizational chart attached hereto as Schedule V.

  • Borrower and Operating Lessee Pledgor are each organized under the laws of the State of Delaware.

  • Each of Borrower and Operating Lessee Pledgor has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents to which it is a party.

  • Neither Borrower nor Operating Lessee Pledgor is an “employee benefit plan,” as defined in Section 3(3) of ERISA, subject to Title I of ERISA, and none of the assets of Borrower or Operating Lessee Pledgor constitutes or will constitute “plan assets” of one or more such plans within the meaning of 29 C.F.R. Section 2510.3-101.

  • Neither Borrower nor Operating Lessee Pledgor is in default or violation of any order, writ, injunction, decree or demand of any Governmental Authority, except where a failure to comply will not have a Material Adverse Effect.

  • Since the date of such financial statements, there has been no material adverse change in the financial condition, operation or business of Mortgage Borrower, Borrower, Operating Lessee or Operating Lessee Pledgor from that set forth in said financial statements.

  • Notwithstanding anything to the contrary contained herein, all new Leases and all amendments, modifications, extensions, and renewals of existing Leases with tenants that are Affiliates of Borrower, Equity Owner, Mortgage Borrower, Operating Lessee Pledgor or Operating Lessee shall be subject to the prior written consent of Lender.

  • No petition in bankruptcy has been filed against Borrower, Equity Owner, Operating Lessee Pledgor, Mortgage Borrower, Operating Lessee or Guarantor in the last seven (7) years, and none of Borrower, Equity Owner, Operating Lessee Pledgor, Mortgage Borrower, Operating Lessee or Guarantor in the last seven (7) years has ever made an assignment for the benefit of creditors or taken advantage of any insolvency act for the benefit of debtors.


More Definitions of Operating Lessee Pledgor

Operating Lessee Pledgor shall have the meaning set forth in the Recitals to this Agreement, together with its successors and permitted assigns.
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Operating Lessee Pledgor means Operating Tenant (SHBH) Owner, LLC, a Delaware limited liability company.
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Operating Lessee Pledgor means ARC NY120W5701 TRS Mezz II, LLC, a Delaware limited liability company, together with its permitted successors and permitted assigns pursuant to the Mortgage Loan Agreement and this Agreement.
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Operating Lessee Pledgor means DP Lease Mezz 1 Holding Company, LLC, a Delaware limited liability company.
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Related to Operating Lessee Pledgor

  • 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.

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

  • Property Owner means any person shown as the owner of land on the last equalized assessment roll or otherwise known to be the owner of land by the city council. “Business owner” means any person recognized by the city as the owner of the business. “Owner” means either a business owner or a property owner. The city council has no obligation to obtain other information as to the ownership of land or businesses, and its determination of ownership shall be final and conclusive for the purposes of this part. Wherever this part requires the signature of the property owner, the signature of the authorized agent of the property owner shall be sufficient. Wherever this part requires the signature of the business owner, the signature of the authorized agent of the business owner shall be sufficient.

  • Sub-Lessee means a lease/license by a Lessee of part or all of leased space to another person.

  • Master Tenant means any entity approved by HUD now or hereafter leasing the Healthcare Facility pursuant to a Master Lease.

  • Trustor means a borrower under a deed of trust, who deeds property to a trustee as security for the payment of a debt.

  • Ground Lessee means the Owner Lessor as lessee of the Ground Interest under the Facility Site Lease.

  • Borrower Pledge Agreement means the Pledge Agreement executed and delivered by the Borrower pursuant to Section 5.1.5, substantially in the form of Exhibit F-1 hereto, as amended, supplemented, restated or otherwise modified from time to time.

  • SPE means any bankruptcy-remote, special-purpose entity created in connection with the financing of settlement float with respect to customer funds or otherwise.

  • Mortgagor The obligor on a Mortgage Note.

  • Property Owners association" or "association" means an incorporated or unincorporated entity upon

  • Borrower Party means any one of them.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 2 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Pledged Operating Agreements means all of each Grantor’s rights, powers, and remedies under the limited liability company operating agreements of each of the Pledged Companies that are limited liability companies.

  • Mezzanine Borrower shall have the meaning set forth in Section 11.6 hereof.

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

  • Permitted Lessee means any Person to whom Company is permitted to lease the Airframe or any Engine pursuant to Section 7.02(a) of the Indenture and is a party to a Lease.

  • Borrower as defined in the preamble hereto.

  • Credit Party means the Administrative Agent, the Issuing Bank, the Swingline Lender or any other Lender.

  • Pledgor shall have the meaning assigned to such term in the Preamble hereof.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Debtor means a person who is liable on a claim.

  • Project Owner means the legal entity that ultimately owns the Project and to which Tax Credits will be allocated.

  • Pledged Entity means an issuer of Pledged Shares.

  • Ground Lessor means, as to any Site, the “lessor,” “sublessor,” “landlord,” “licensor,” “sublicensor” or similar Person under the related Ground Lease.

  • Property Manager means an entity that has been retained to perform and carry out at one or more of the Properties property-management services, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property, the costs for which are passed through to and ultimately paid by the tenant at such Property.