Professional User Entity definition

Professional User Entity. “Prospective Sale”, “Prospective International Interest”, “situated in” and “Transacting User Entity”.

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Professional User Entity means a firm or other grouping of persons (such as an internal legal department of a transacting user entity) providing professional services to transacting user entities in connection with the transmission, to the International Registry, of information relating to registrations, and a “professional user” means an individual employee, member or partner of a professional user entity.

Professional User Entity means a firm, limited liability partnership or corporation or other grouping of persons (such as an internal legal department of a transacting user entity) providing professional services to transacting user entities in connection with the transmission, to the International Registry, of information relating to registrations.

Examples of Professional User Entity in a sentence

• The Security Trustee, during the term of this Agreement, shall establish and maintain a valid and existing account as a Transacting User Entity with the International Registry and, at the request of the applicable Grantor, the Administrative Agent or the Servicer or their respective agents or counsel, appoint an Administrator and/or a Professional User Entity to make registrations and deregistrations in regard to the Collateral as required by this Agreement in accordance with the Perfection Standards.

• As a condition precedent to Closing, each Party will take any and all actions necessary or appropriate to establish an active and valid account on the International Registry as a Transacting User Entity and to designate the Escrow Agent as its Professional User Entity in order to comply with the requirements of the Convention and its obligations under this Agreement, which registrations and appointments will be completed prior to Closing.

More Definitions of Professional User Entity

Professional User Entity is defined in the Regulations for the International Registry.

Professional User Entity has the meaning ascribed thereto in the Regulations;

Professional User Entity has the meaning given to it in the Registry Regulations.

Professional User Entity. “Prospective Sale”, “Prospective International Interest”, “situated in” and “Transacting User Entity”. Construction and Usage. The conventions of construction and usage set forth in Section 1.02 of the Indenture are hereby incorporated by reference in this Agreement.

Professional User Entity means a professional user entity as defined in the Cape Town Convention; Promissory Note has the meaning set out in Clause 13 (Promissory Note);