Property Situs definition
Property Situs means the State where a Property is located. “Recipient” is defined in the definition of “Excluded Taxes”. “Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates. “Replacement ABL Credit Agreement” means any credit agreement that refinances or replaces, in full and not in part, the ABL Credit Agreement (or any previous Replacement ABL Credit Agreement) solely to the extent that such credit agreement includes a fixed charge coverage ratio financial covenant on substantially the same terms as the fixed charge coverage ratio financial covenant that is contained in the ABL Credit Agreement (or any previous Replacement ABL Credit Agreement). “Required Lenders” means, at any time, ▇▇▇▇▇▇▇ having more than 50.0% of (a) until the Closing Date, the Commitments then in effect and (b) after the Closing Date, the sum of all Loans outstanding. “Requirements of Law” means, collectively, any and all requirements of any Governmental Authority, including any and all Laws. “Resignation Effective Date” is defined in Section 27.6.1. “Restricted Subsidiary” shall have the meaning given to such term in the ABL Credit Agreement. “Security Instrument” is defined in Section 1.2. “Secured Cash Management Agreement” means (a) any Cash Management Obligation that is entered into by and between any Borrower and the Administrative Agent (or one or more of its Affiliates) and (b) any Cash Management Obligation that is entered into by and between any Borrower and any Person that is a Lender (or one or more of its Affiliates) and designated by the Lead Borrower and such Lender (or its Affiliate) in writing to the Administrative Agent as a “Secured Cash Management Agreement.” “Secured Swap Counterparty” means (a) the Administrative Agent (or one or more of its Affiliates) or (b) any Person that is a Lender (or one or more of its Affiliates) and designated by the Lead Borrower and such Lender (or its Affiliate) in writing to the Administrative Agent as a “Secured Swap Counterparty.” “Secured Swap Transaction” means any Swap Transaction that is entered into by and between any Borrower and a Secured Swap Counterparty.
Examples of Property Situs in a sentence
Title to Trust Property; Situs of Trust.......................3 SECTION 2.09.
Title to Trust Property; Situs of Trust...............................