Pool Owners definition
Examples of Pool Owners in a sentence
No person or entity has any right or option to acquire any Eligible Real Estate Asset or any Building thereon or any portion thereof or interest therein, except for certain tenants pursuant to the terms of their Leases with Pool Owners.
DocuSign Envelope ID: 9555DA22-B9FC-4484-9262-0C4EA9AA2B12 San Mateo County Operating Guidelines A letter from the San Mateo County Health Department Dear Pool Owners, On Friday, May 15, 2020, the San Mateo County Pool Program received the Health Officer’s Order regarding the reopening of public pools.
The costs associated with the report of independent auditors shall be a Pool Expense as contemplated in paragraph (c) of the definition of “Pool Expenses” in Section 1.1, responsibility for the payment of which, as among the Account Pool Owners, shall be determined in accordance with Section 3.8. The Servicer shall provide each Rating Agency with a copy of such report.
Parent Borrower shall continue to own directly or indirectly one hundred percent (100%) of the Pool Owners, subject to the terms and provisions hereof.
Except as indicated on Schedule 6.3 hereto or other adjustments that are not material in amount, Pool Owners directly or indirectly own or lease the Eligible Real Estate Assets subject to no rights of others, including any mortgages, leases pursuant to which Pool Owners or any of their Affiliates is the lessee, conditional sales agreements, title retention agreements, liens or other encumbrances except Permitted Liens.
For the purposes of this §8.3, the Investment of Parent Borrower or Pool Owners in any non-Wholly Owned Subsidiaries and Unconsolidated Affiliates will equal (without duplication) the sum of (i) such Person’s pro rata share of their Unconsolidated Affiliate’s Investment in Land Assets; plus (ii) such Person’s pro rata share of any other Investments valued at the GAAP book value.
Parent Borrower from time to time after the Closing Date may also request that certain Real Estate of one or more Pool Owners (collectively, the “Unencumbered Assets”) be included as an Eligible Real Estate Asset for the purpose of increasing the Unencumbered Asset Pool Availability.
Each payment made to the Custodian pursuant to Section 6.7(1) shall be considered to have been made by the Account Pool Owners from Collections and/or Transfer Deposits.
For greater certainty, Pool Expenses shall not be considered to be amounts relating to the servicing of the Receivables by the Servicer and therefore Account Pool Owners shall be allocated and be responsible for the respective portions of Pool Expenses set forth in Section 3.8.
Borrower shall continue to own directly or indirectly one hundred percent (100%) of the Pool Owners, subject to the terms and provisions hereof.