Propco Borrower definition

Propco Borrower means ART Mortgage Borrower Propco 2006-3 L.P., a Delaware limited partnership, and its successors by merger, consolidation or transfer of all or substantially all of the assets of such Person (except to the extent that any such merger, consolidation or transfer may be prohibited hereunder).
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Propco Borrower or “PropCo Borrowers” means, individually and collectively, respectively, Bend PropCo, Boise PropCo, Coos Bay PropCo, Eureka PropCo, Olympia PropCo, Pasco PropCo, Port Angeles PropCo, Post Falls PropCo, Redding PropCo, Richland PropCo, Salt Lake PropCo and Spokane PropCo, and their permitted successors and assigns.
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Propco Borrower shall have the meaning ascribed thereto in the Loan Agreement.
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Examples of Propco Borrower in a sentence

  • Propco Borrower shall not engage, directly or indirectly, in any business other than owning and/or leasing the Property to the Operators and matters incidental or directly related thereto.

  • Schedule 1.1(d) identifies each Operating Lease between Propco Borrower and the respective Operators and Administrative Agent has been provided true, complete and correct copies of all such Operating Leases.

  • Each Borrower that is an Operator is the Operator of the Facility owned by each respective Propco Borrower, in each case as identified on Schedule 1.1(d) attached hereto.

  • Borrowers other than Propco Borrower and Divesicare Property shall not engage, directly or indirectly, in any business other than operating the Facilities leased to them by Propco Borrower.

  • Borrowers other than Propco Borrower and Diversicare Property shall not engage, directly or indirectly, in any business other than operating the Facilities leased to them by Propco Borrower.

  • With respect to any Acquisition Loan being requested to finance Capital Expenditures in connection with any Property or Facility owned by a Propco Borrower, the Administrative Agent shall have received true, complete and correct copies of invoices, purchase orders, or such other documentation in form and substance reasonably acceptable to Administrative Agent.

  • Opco Borrower is the owner of a valid and subsisting interest as lessee under the Operating Lease and Propco Borrower is the owner of a valid and subsisting interest as lessor under the Operating Lease.


More Definitions of Propco Borrower

Propco Borrower shall have the meaning set forth in the introductory paragraph hereof.
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