Property Sub definition

Property Sub means any Subsidiary that exists on the Closing Date or that is subsequently formed or acquired and, in each case, whose principal business activities are to engage in Property Development Activities.
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Property Sub means any Subsidiary that exists on the Closing Date or that is subsequently formed or acquired and, in each case, whose principal business activities are to engage in Property Development Activities. “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. “Public Lender” has the meaning specified in Section 6.01. “Ratings-Based Applicable Rate” has the meaning specified in the definition of “Applicable Rate.” “Recipient” means the Agent, any Lender, any L/C Issuer or any other recipient of any payment to be made by or on account of any obligation of any Loan Party hereunder. “Recourse Debt” means, with respect to any Loan Party or Subsidiary, any Debt, in respect of which contractual recourse for payment (except for customary exceptions for fraud, misapplication of funds, environmental indemnities, and other similar exceptions to recourse liability) is to such Person. “Register” has the meaning specified in Section 10.06(c). “Regulation U” means Regulation U of the FRB, as in effect from time to time and all official rulings and interpretations thereunder or thereof. “REIT” means a “real estate investment trust” as defined in Sections 856 through 860 of the Code.
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Property Sub means any Subsidiary that exists on the Closing Date or that is subsequently formed or acquired and, in each case, whose principal business activities are to engage in Property Development Activities. “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. “Public Lender” has the meaning specified in Section 6.01. “Ratings-Based Applicable Rate” has the meaning specified in the definition of “Applicable Rate.” “Recipient” means the Agent, any Lender, the L/C Issuer or any other recipient of any payment to be made by or on account of any obligation of any Loan Party hereunder. “Recourse Debt” means, with respect to any Loan Party or Subsidiary, any Debt, in respect of which contractual recourse for payment (except for customary exceptions for fraud, misapplication of funds, environmental indemnities, and other similar exceptions to recourse liability) is to such Person. “Register” has the meaning specified in Section 10.06(c). “REIT” means a “real estate investment trust” as defined in Sections 856 through 860 of the Code. “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. “Relevant Governmental Body” means the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Board of
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Examples of Property Sub in a sentence

  • The Property Manager will enter into a written contract with its Property Sub Manager, through which the Property Manager may delegate some or all of its duties under this Agreement.

  • Thus, under such circumstances, all Management Fees shall be payable to Property Manager, from which the Property Manager shall be responsible to pay the Property Sub Manager a market rate monthly fee based on the Gross Receipts for such month (the “Property Sub Manager Fee”).

  • If at any time during the Term, the Property Manager elects to subcontract all day to day, on site management, leasing and related functions for the Project (the “Property Sub Manager”), then the Management Fee to be payable to Property Manager thereafter shall be equal to the Property Sub Manager Fee (as defined below), plus an override equal to one (1%) percent of Gross Receipts for such month.

  • The Borrower will furnish the Agent promptly after execution thereof executed copies of all Construction Documents that may not have been furnished at the time of the initial Loan under the applicable Borrowing Base Property Sub Facility.

  • The Parties will confer on the handling of such matter using the Intellectual Property Sub committee as the initial body to discuss the claim or opposition.

  • These records may be in the form of notes, sketches, drawings, flow charts, electronic data or recordings, notebooks and any other format.

  • As of the Closing Date (as hereinafter defined) and subject to the provisions of this Section 2, in exchange for title to the Real Property, Sub and SEI shall pay the Purchase price by (i) deliver to the Sellers an aggregate of $704,151, consisting of certificates representing 26,080 shares of Common Stock, par value $.01 per share, of SEI (the "SEI Common Stock") and (ii) pay off all the liabilities listed on Schedule 2(b) attached hereto.

  • There are no disputes between tenants under Owned Real Property Sub Leases and a Group Company for the twelve (12)-month period ended June 30, 2015, which, in the aggregate, would be expected to result in liability in excess of $500,000 to any Group Company.

  • To Seller’s knowledge, there are no written or oral promises, understandings or commitments between Seller and any tenant under the Leases that would be binding on Purchaser or Property Sub other than as set forth in such copies of the Leases and the tenant lease files made available to Purchaser to copy pursuant to this Agreement.

  • The Owned Real Property Sub Leases have not been amended, modified or terminated except as set forth in Schedule 4.17(a)(i).