Partnership Borrower definition
Examples of Partnership Borrower in a sentence
This Agreement shall be binding upon, and inure to the benefit of, the parties hereto and their respective heirs, personal representatives, successors, assigns and affiliates, but shall not be assignable by any party hereto without the prior written consent of the other party hereto; provided that Homestead and/or the Partnership Borrower may assign its rights hereunder in whole or in part to a Homestead Affiliate or Subsidiary.
Alternatively, Homestead may elect to have funds advanced with respect to such Project under the Corporate Loan or Partnership Loan and either loan or contribute, or cause the Partnership Borrower to loan or contribute, the funds so advanced to the subject Subsidiary.
Each Principal further agrees that it will not enter into any agreement providing, directly or indirectly, for contribution, reimbursement or repayment by Operating Partnership, Borrower or any other Person (other than a direct or indirect member or partner in such Principal) on account of any payment by such Principal and further agrees that any such agreement, whether existing or hereafter entered into in violation hereof would be void.
This Agreement shall become effective when it shall have been executed by Partnership, Borrower, the other Credit Parties signatory hereto and Agent and when Agent shall have been notified by each Lender that such Lender has executed it.
Other than the Consolidated Partnership, Borrower has no Subsidiaries or Affiliates.
Except as expressly provided in any Loan Document (including in Section 8.9), none of Partnership, Borrower, any other Credit Party, any L/C Issuer or Agent shall have the right to assign any rights or obligations hereunder or any interest herein.
Thereafter, it shall be binding upon and inure to the benefit of, but only to the benefit of, Partnership, Borrower, the other Credit Parties hereto (in each case except for Article VIII), Agent, each Lender and each L/C Issuer receiving the benefits of the Loan Documents and, to the extent provided in Section 8.11, each other Secured Party and, in each case, their respective successors and permitted assigns.
Certified copies of the organizational documents of Sponsor, Operating Partnership, Borrower, Property Owner, TRS Lessee and, if applicable, any Single-Purpose Equityholder (including any certificate of formation, certificate of limited partnership, certificate of incorporation, operating agreement, limited partnership agreement or by-laws), in each case together with all amendments thereto.
Name: Title: |X| NEW o REPLACE PREVIOUS DESIGNATION o ADD o CHANGE o DELETE LINE NUMBER _____ The following representatives of CBL & Associates Limited Partnership ("Borrower") are authorized to request the disbursement of Advances and initiate funds transfers for Loan Number 1000125 dated April __, 2008 between ▇▇▇▇▇ Fargo Bank, National Association ("Agent"), the lenders party thereto and Borrower.
OLS Hotels & Resorts OTO Development, LLc Pacifica Hotels Provenance Hotels Pyramid Hotel Group Sage Hospitality Resources, LLC sbe Hotel Group Includes Morgans Hotel Group Stonebridge Companies TPG Hotels & Resorts Two Roads Hospitality Includes JDV, Commune, Destination Vail Resorts Management Company Viceroy Hotel Group White Lodging Services DiamondRock Hospitality Limited Partnership Borrower DiamondRock Hospitality Company Parent Bloodstone TRS, Inc.