SPC Party definition

SPC Party shall have the meaning set forth in Section 3.1.24(o).

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SPC Party. Schedule IV

SPC Party has the meaning assigned in Section 6.14(o).

Examples of SPC Party in a sentence

In order to implement the admission to Borrower or SPC Party (as applicable) of Special Member, Special Member shall execute a counterpart to the LLC Agreement.
Each such SPC Party will at all times comply, and will cause Borrower to comply, with each of the representations, warranties, and covenants contained in this Schedule 3 (to the extent applicable) as if such representation, warranty or covenant was made directly by such SPC Party.
Prior to its admission to Borrower or SPC Party (as applicable) as Special Member, Special Member shall not be a member of Borrower or SPC Party (as applicable), but Special Member may serve as an Independent Director of Borrower or SPC Party (as applicable).
Except as has been disclosed in writing to and approved in writing by ▇▇▇▇▇▇, no direct or indirect ownership (or other economic) interest of 25% or more in the aggregate in Borrower or any SPC Party has been marketed or sold to investors through any form of Crowdfunding.
For the further avoidance of doubt, neither ▇▇▇▇▇▇▇▇ nor any SPC Party shall be a corporation.

More Definitions of SPC Party

SPC Party. Schedule V “Special Member” - Schedule V “Springing Recourse Event” - 10.1

SPC Party shall have the meaning set forth in Section 8.1(ee)(A).

SPC Party has the meaning assigned in 8.28(o).

SPC Party means, if Borrower is a limited partnership or a limited liability company (other than a Single Member Delaware LLC), each general partner or managing member of Borrower.

SPC Party means the Single Purpose Entity that is the sole general partner of Borrower, if Borrower is a limited partnership, or the sole managing member of Borrower, if Borrower is a limited liability company that is not an Acceptable Limited Liability Company.

SPC Party shall have the meaning set forth in clause (y) of Schedule III attached hereto.

SPC Party has the meaning set forth on Schedule 3 hereof, together with its permitted successors and assigns.