Provident Lessors definition

Provident Lessors shall have the meaning given such term in the recitals hereto.
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Provident Lessors shall be modified to include Westbury Lessor, in addition to those entities already included in the definition of such term. Accordingly, Westbury Lessor shall be a “Provident Lessor” under the Agreement. A revised list of those entities that are “Provident Lessors” is attached hereto as Exhibit A.
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Examples of Provident Lessors in a sentence

  • PSLT-BLC Holdings may then proceed to recover and collect on behalf of the Provident Lessors all such unpaid Brookdale Rent Payments and other sums so sued for from BLC Holdings by distress, levy, execution or otherwise.

  • ALS Holdings is the owner of the beneficial interest in those certain entities listed on Exhibit A attached hereto and made a part hereof (each, a "Provident Lessor" and collectively referred to herein as the "Provident Lessors").

  • In the event of such exercise, (1) PSLT-ALS Holdings and ALS Holdings shall enter into such confirmatory documents as may be necessary to effect such renewal of this Agreement, and (2) PSLT-ALS Holdings and ALS Holdings shall cause and direct the Provident Lessors and the Alterra Lessees, respectively, to enter into such confirmatory documents as may be necessary to effect such renewals.

  • Each of the Provident Lessors has joined into this Agreement for the limited purpose of acknowledging the provisions of Paragraph 3(b) hereof with respect to the right of BLC Holdings to exercise the Renewal Terms and agreeing that any exercise of the applicable Renewal Term(s) by BLC Holdings in accordance with the terms of Paragraph 3(b) hereof shall constitute an exercise by the Brookdale Lessees of such Renewal Term(s) in accordance with the terms of Paragraph 4(b) of the Property Leases.

  • BLC Holdings shall pay and contribute to the applicable Brookdale Lessee(s) and cause such Brookdale Lessee(s) to pay to the applicable Provident Lessor(s), in lawful money of the United States of America which shall be legal tender for the payment of public and private debts, without offset, abatement, demand or deduction, the portion(s) of the Brookdale Rent Payments that are allocable to the applicable Property Lease(s) required hereunder during the Term, except as hereinafter expressly provided.

  • Each of the Provident Lessors has joined into this Agreement for the limited purpose of acknowledging the provisions of Paragraph 3(b) hereof with respect to the right of ALS Holdings to exercise of the Renewal Terms and agreeing that any exercise of the applicable Renewal Term(s) by ALS Holdings in accordance with the terms of Paragraph 3(b) hereof shall constitute an exercise by the Alterra Lessees of such Renewal Term(s) in accordance with the terms of Paragraph 4(b) of the Property Leases.

  • BLC Holdings and the Brookdale Lessees agree to reasonably cooperate with PSLT-BLC Holdings and the Provident Lessors to assist PSLT-BLC Holdings and the Provident Lessors in obtaining new Facility Mortgages or a refinancing of the Existing Facility Mortgages or otherwise obtain additional mortgage debt secured by the Facilities (any of the foregoing referred to herein as a "Facility Mortgage Refinancing"), with respect to the Provident Lessors' fee or leasehold interests, as applicable, in the Facilities.

  • In the event of such exercise, (1) PSLT-BLC Holdings and BLC Holdings shall enter into such confirmatory documents as may be necessary to effect such renewal of this Agreement, and (2) PSLT-BLC Holdings and BLC Holdings shall cause and direct the Provident Lessors and the Brookdale Lessees, respectively, to enter into such confirmatory documents as may be necessary to effect such renewals.

  • BLC Holdings is the owner of the beneficial interest in those certain entities listed on Exhibit A attached hereto and made a part hereof (each, a "Provident Lessor" and collectively referred to herein as the "Provident Lessors").

  • If ALS Holdings is awarded a money judgment against PSLT-ALS Holdings, then ALS Holdings' sole recourse for satisfaction of such judgment shall be limited to execution against PSLT-ALS Holdings' ownership interest in the Provident Lessors.

Related to Provident Lessors

  • Asset Management is a principle/practice that includes planning processes, approaches, plans, or related documents that support an integrated lifecycle approach to the effective stewardship of infrastructure assets to maximize benefits and effectively manage risk.

  • Asset Management Agreement means, as the context requires, any agreement entered into between a Series and an Asset Manager pursuant to which such Asset Manager is appointed as manager of the relevant Series Assets, as amended from time to time.

  • Asset Management Plan means a strategic document that states how a group of assets are to be managed over a period of time. The plan describes the characteristics and condition of infrastructure assets, the levels of service expected from them, planned actions to ensure the assets are providing the expected level of service, and financing strategies to implement the planned actions. The plan may use any appropriate format, as long as it includes the information and analysis required to be in a plan as described in Ontario’s Building Together: Guide for Asset Management Plans.

  • Management Company means the firm overseeing the operation and management of the Participating Property; and shall mean the Grantee in any event wherein the Management Company is required to perform any obligations under this Agreement.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.