Examples of Single Asset Entity in a sentence
With respect to a Person, (a) Indebtedness in respect of which recourse for payment (except for Non-Recourse Exclusions until a claim is made with respect thereto, and then such Indebtedness shall not constitute Non-Recourse Indebtedness only to the extent of the amount of such claim) is contractually limited to specific assets of such Person encumbered by a Lien securing such Indebtedness or (b) if such Person is a Single Asset Entity, any Indebtedness of such Person.
Borrower Type Loan Agreement Single Purpose Entity or Single Asset Entity, as stated in the Loan Agreement.
In addition, if the assets of a Person consist solely of (i) equity interests in one other Single Asset Entity and (ii) cash and other assets of nominal value incidental to such Person’s ownership of the other Single Asset Entity, such Person shall also be deemed to be a Single Asset Entity.
Single Purpose Entity or Single Asset Entity, as stated in the Loan Agreement.
Organization InformationProposed Ownership Structure (check all that apply) Individual Limited Liability Partnership Limited Partnership Limited Liability Company General Partnership Nonprofit Single Asset Entity For-Profit Corporation Nonprofit Corporation Community Housing Development Corp.