Permitted Collateral Assignee definition

Permitted Collateral Assignee means any lender providing financing of any sort, including equity financing, for the Project as security for Developer’s obligations under a financing agreement or similar (including a trustee or agent for the benefit of its lenders).
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Permitted Collateral Assignee shall have the meaning set forth in Section 20.4 hereof. "PILOT Agreement" shall have the meaning set forth in Recital 2 hereof.
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Permitted Collateral Assignee means any lender, financing party or investor providing financing of any sort for the Project who accepts an assignment of this Agreement, the Lease, and/or the Note as security for the Borrower’s obligations under a financing agreement or similar financing mechanism. For avoidance of doubt, and notwithstanding anything contained herein to the contrary, the Primary Lender shall be deemed a Permitted Collateral Assignee.
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Examples of Permitted Collateral Assignee in a sentence

  • Any such certificate may be relied upon by any prospective Permitted Collateral Assignee, Mortgagee or purchaser of the Subleased Property of each Site.

  • In connection with any such collateral assignment to a Permitted Collateral Assignee, the Town shall cooperate with the Company and the Permitted Collateral Assignee to execute and deliver a consent agreement or estoppel certificate as reasonably requested by the Company and the Permitted Collateral Assignee.

  • All appropriate stakeholder personnel shall be included on this telephone tree for immediate response in the event of an emergency.

  • In connection with any such collateral assignment to a Permitted Collateral Assignee, the County shall, upon the request of Developer, deliver to Developer and the Permitted Collateral Assignee without delay a consent agreement and/or an opinion of counsel in a form reasonably requested by Developer and the Permitted Collateral Assignee and which shall contain customary provisions.

  • In connection with any such collateral assignment to a Permitted Collateral Assignee, the Town or County shall, upon the request of Developer, deliver to Developer and the Permitted Collateral Assignee without delay a consent agreement in a form reasonably requested by Developer and the Permitted Assignee and which shall contain customary provisions.

  • Whenever an Event of Default shall have occurred, the Party not in default shall have the right to terminate this Agreement, subject to any right to cure of a Permitted Collateral Assignee, and take whatever action at law or in equity as may appear necessary or desirable to collect the amounts then due and thereafter to become due, or to enforce the performance or observance of any obligations, agreements, or covenants of the Party in default under this Agreement.