Partnership Loan Party definition

Partnership Loan Party means any Loan Party which is a limited partnership.
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Examples of Partnership Loan Party in a sentence

  • Each Corporate Loan Party is qualified to do business and in good standing, and each Partnership Loan Party is authorized as a foreign limited partnership to do business, in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified, authorized or in good standing has not had and will not have a Material Adverse Effect.

  • Each Corporate Loan Party is qualified to do business and in good standing, and each Partnership Loan Party is authorized as a foreign partnership to do business, in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will not have a Material Adverse Effect.

  • Each Partnership Loan Party is a duly organized and validly existing limited partnership under the laws of its jurisdiction of formation and is in good standing in such jurisdiction.

  • Each Corporate Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation and each Partnership Loan Party is a duly organized and validly existing partnership under the laws of its jurisdiction of formation and is in good standing in such jurisdiction in each case as of the Effective Date as specified in Schedule 5.1 annexed hereto.

  • Each Loan Party and each of its Subsidiaries (other than any Partnership Loan Party or any LLC Loan Party) is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation (which jurisdiction is set forth on Schedule 5.1A annexed hereto).

  • Each Loan Party and each of its Subsidiaries (other than any Partnership Loan Party or any LLC Loan Party) is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation (which jurisdiction is set forth on SCHEDULE 5.1A annexed hereto).

  • Each Corporate Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation and each Partnership Loan Party is a duly organized and validly existing partnership under the laws of its jurisdiction of formation and is in good standing in such jurisdiction in each case as of the Closing Date as specified in Schedule 5.1 annexed hereto.

  • Each of the Loan Parties that is a Partnership Loan Party is properly classified as a partnership for federal income tax purposes.

  • Each Loan Party (other than a Partnership Loan Party or a Trust Loan Party) and each of its Subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation (which jurisdiction is set forth on Schedule 4.1.1 annexed hereto).

  • Each Loan Party and each of its Subsidiaries (other than any Partnership Loan Party or any LLC Loan Party) is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation (which jurisdiction is set forth on SCHEDULE 4.1A annexed hereto).

Related to Partnership Loan Party

  • Partnership Loan has the meaning provided in Section 5.2(c) hereof.

  • Borrower Partnership Agreement means the Limited Partnership Agreement of the Borrower dated as of January 17, 2014 as such agreement may be amended, restated, modified or supplemented from time to time with the consent of the Administrative Agent or as permitted under Section 10.10.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • General Partner Loan has the meaning provided in Section 5.2(c) hereof.

  • Borrower LLC Agreement means the amended and restated limited liability company agreement of the Borrower, dated August 4, 2020, as amended, modified, supplemented, restated or replaced from time to time in accordance with the terms thereof.

  • Qualified borrower means any borrower that is a sponsoring entity that has a controlling interest in the real property that is financed by a qualified loan. A controlling interest includes, but is not limited to, a controlling interest in the general partner of a limited partnership that owns the real property.

  • Initial Borrower has the meaning set forth in the preamble hereto.

  • Foreign limited partnership means a partnership formed under laws other than of this state and having as partners one or more general partners and one or more limited partners.

  • General Partner means the general partner of the Partnership.

  • Designated Borrower has the meaning specified in the introductory paragraph hereto.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • Natural parent means a minor's biological or adoptive parent, and includes the minor's noncustodial parent.

  • Subsidiary Loan Party means each Subsidiary of the Borrower that is a party to the Guarantee Agreement.

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

  • Lender Parent means, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary.

  • Foreign limited liability limited partnership means a foreign limited partnership whose general partners have limited liability for the obligations of the foreign limited partnership under a provision similar to section 488.404, subsection 3.

  • Partnership Group Member means any member of the Partnership Group.

  • Subsidiary Loan Parties means (a) the Subsidiaries identified on Schedule I and (b) each other Subsidiary that becomes a party to this Agreement as a Subsidiary Loan Party after the Effective Date.

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Domestic Loan Parties means, collectively, the Company and the Guarantors.

  • Partnership Percentage means the percentage share of each Partner in the Net Income or Net Loss of the Partnership. The Partners’ initial Partnership Percentages shall be proportionate to the Partners’ initial Capital Contributions to the Partnership. Thereafter, subject to Section 1.68(g), such Partnership Percentages shall be adjusted only to reflect a disproportionate Capital Contribution by one or more Partners or a disproportionate distribution to one or more Partners, with disproportion being determined in accordance with Sections 4.2(a) and 4.5(b), except as set forth in Section 1.68(f).

  • Borrower as defined in the preamble hereto.

  • Parent Borrower as defined in the preamble hereto.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.