Property Operator definition

Property Operator means individually and collectively, (a) any Operator (b) any Sublessee, and (c) any Manager, as identified in the Summary of Master Terms.
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Property Operator means individually and collectively, any Person (a) responsible for the occupancy, use, operation, management, maintenance and administration of the Mortgaged Property pursuant to an operating lease or sublease, and/or (b) responsible for the operation or management of the Mortgaged Property pursuant to a management agreement.
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Examples of Property Operator in a sentence

  • If Delta elects to consummate the transaction involving the Offered Property, Operator and Delta shall consummate the transaction contemplated in the Offer Notice as soon as reasonably practicable but no later than sixty (60) days after any and all governmental approvals required for such transaction have been obtained (Delta and Operator agree to use their commercially reasonable efforts to obtain such approvals as soon as practicable).

  • Each Loan Party and each Property Operator shall have obtained all consents, approvals and authorizations required from any Governmental Authority in connection with execution, delivery and performance of their respective obligations under this Agreement and the other Transaction Documents.

  • No Property Owner or Property Operator is in default of any provision of any Master Lease Document.

  • Upon completion of the installation of the Facilities on the Property, Operator may record this Easement Agreement in the real property records of the county or other local government where the Property is located.

  • Each Loan Party and each Property Operator is, and upon the incurrence of any Obligations by such Loan Party or Property Operator, as the case may be, will be, Solvent.

  • Lender is authorized to obtain a Credit Score (if applicable) for Borrower, Affiliated Property Operator, or Guarantor at any time at Lender’s expense.

  • Neither Borrower nor Affiliated Property Operator are named in the complaint.

  • To the extent that any Property Operator is required to maintain an impound account pursuant to Section 4.4 of the Master Lease, Borrower shall cause the Property Owner with respect to the Facility leased by such Property Operator to direct that such impound account to be maintained with and subject to the control of Lender, and shall cause the applicable Property Owner to execute such documents as shall be requested by Lender with respect thereto.

  • In the event that Lessee commences site preparation and construction of condominiums on the Real Property, Operator agrees to make available sufficient unused office space in the Carriage House building to accommodate Lessee’s construction management and administration requirements.

  • With respect to any Taxes which may constitute a lien on the Owner’s Property, Operator shall promptly pay such Taxes unless the proceeding in which it contests such Taxes shall operate to prevent or stay the collection of the Taxes so contested or unless Operator removes any such lien by bonding or otherwise.

Related to Property Operator

  • Property Owner means any person shown as the owner of land on the last equalized assessment roll or otherwise known to be the owner of land by the city council. “Business owner” means any person recognized by the city as the owner of the business. “Owner” means either a business owner or a property owner. The city council has no obligation to obtain other information as to the ownership of land or businesses, and its determination of ownership shall be final and conclusive for the purposes of this part. Wherever this part requires the signature of the property owner, the signature of the authorized agent of the property owner shall be sufficient. Wherever this part requires the signature of the business owner, the signature of the authorized agent of the business owner shall be sufficient.

  • Third Party Operator means a Customer who operates a terminal and/or handles Cargo at the Port independently to ABP, under ABP’s Port Approval; and

  • Property Manager means an entity that has been retained to perform and carry out at one or more of the Properties property-management services, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property, the costs for which are passed through to and ultimately paid by the tenant at such Property.

  • Property owners association" or "association" means an incorporated or unincorporated entity upon

  • Property management means leasing or renting, or offering to lease or rent, real property of others for a fee, commission, compensation, or other valuable consideration pursuant to a property management employment contract.