Service Entities definition

Service Entities means Persons who (i) receive or provide clearing services from or to Tenant or its Affiliates in accordance with the rules and regulations for the provisions of such services promulgated by the New York Stock Exchange, the Securities and Exchange Commission and/or any other governmental regulatory agency, and their respective successors, or (ii) are engaged as a portion of their business in providing services to Tenant or its Affiliates in connection with the customary conduct of Tenant's or its Affiliates' business. If any Affiliate entity shall cease to be an Affiliate of Tenant, then such entity may continue to sublease or occupy any portion(s) of the premises it has subleased or occupied as an Affiliate of Tenant, as the case may be, provided and upon condition that (A) if Landlord shall execute and deliver a Recognition Agreement to such entity, then, from and after the date such Recognition Agreement becomes effective following the termination of this Lease, the rent and other occupancy charges payable by such entity shall be at least equal to the Fixed Rent and the Additional Rent payable hereunder by Tenant (on a per square foot basis) with respect to such portion(s) of the premises, (B) the principal purpose of the transaction which results in such entity no longer being an Affiliate of Tenant shall not be the acquisition of such Affiliate's interest in its sublease or other occupancy agreement, and (C) the sublease shall comply with the provisions of this Article 7.

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Service Entities means persons which (i) receive or provide clearing services from or to, Tenant or its Affiliates in accordance with the rules and regulations for the provision of such services promulgated by the New York Stock Exchange, the Securities and Exchange Commission and/or any other governmental regulatory agency, and their respective successors, or (ii) are engaged as a material portion of their business (i.e., more than 50% of their gross receipts) in providing services to Tenant or to Affiliates of Tenant in connection with the customary conduct of Tenant's or its Affiliates' business. If any Affiliate entity shall cease to be an Affiliate of Tenant, then such entity may continue to sublease or occupy any part of the portion(s) of the Premises it has subleased or occupied as an Affiliate of Tenant, as the case may be, provided and upon condition that (x) the principal purpose of the transaction which results in such entity no longer being an Affiliate of Tenant is not the acquisition of such Affiliate's interest in its sublease or other occupancy agreement, (y) the sublease shall comply with the provisions of Section 8.13 hereof, and (z) from and after the date such entity ceases to be an Affiliate of Tenant, the provisions of Section 8.14 hereof shall be applicable to such subletting.

Service Entities means each of the entities listed on Schedule 1.1(a) hereto.

Examples of Service Entities in a sentence

• WWESF (and/or the Administrative Agent on its behalf) shall have the right, at the expense of WWESF, but not more than once per year (with no such limitation on the number of audits while an Event of Default is continuing), to audit the Accounting Records in order to verify any financial information provided by the Master Servicer to the Service Entities related to one or more Covered Products.

• The Master Servicer shall assist the Service Entities in connection with the marketing, distribution and other exploitation of each Covered Product.

• The Services shall be rendered to the Service Entities by the Master Servicer on a non-exclusive basis as an independent contractor, but subject in all cases to the commitments of the Service Entities pursuant to the Loan Documents (including the “no adverse selection” provisions of the Credit Agreement).

• The Master Servicer shall furnish office space, phone lines, facsimile machines, computer equipment, data processing and transmission, information storage and retrieval, and such other general administrative and office services as may be required by the Service Entities from time in time solely in connection with their general operations.

• For the avoidance of doubt, no member of the Blackstone Group, other than the Service Entities, shall have any liability to any person pursuant to this Section 13.

• All acts, omissions and operations of Service Entities shall be deemed acts, omissions and operations of Tenant solely with respect to Tenant’s obligations to Landlord under this Lease.

• Prior to or at the Closing, USGP, Company and Seller discharged all intercompany payables and receivables and caused all loans, receivables and payables, in each case, between USGP, Company, and any of the Service Entities, on the one hand, and any of their respective employees, Seller or any Affiliates thereof, on the other hand, to be settled.

• Blackstone and its Affiliates, other than the Service Entities, shall have no liability with respect to payments required to be made hereunder.

• Except as set forth on Schedule 4.9, none of USGP, Company or any of the Service Entities nor any predecessor of USGP, Company or any of the Service Entities owns (or ever has owned) any fee interest in or leases or uses any real property.

• Purchaser shall cause each of Company, USGP and the Service Entities to use commercially reasonable efforts to obtain any such Tax refunds or Tax credits.

More Definitions of Service Entities

Service Entities means (i) persons or entities which are engaged as a material portion of their business in providing services to Tenant in connection with the customary conduct of Tenant’s business at the Premises or otherwise have a substantial ongoing business relationship with Tenant; (ii) persons or entities with which Tenant has entered into outsourcing arrangements for the conduct of certain functions at the Premises which are permitted by this Lease (for example, mailroom, data center, medical office, cafeteria and other special purpose functions permitted by this Lease); (iii) person or entities operating a family office related to holders of equity interests in Tenant; and (iv) persons or entities operating a not-for-profit organization; provided that persons or entities occupying pursuant to clauses (iii) and (iv) above shall not occupy in the aggregate more than 25,000 rentable square feet in the Premises.

Service Entities means Royal, the Opportunities Partnership and any Additional Service Entity that becomes a party to this Agreement in accordance with Section 2(c), and each of their respective subsidiaries, and “Service Entity” means any one of the foregoing.