SPE Constituent Entity definition

SPE Constituent Entity means the Special Purpose Entity that is the general partner of Borrower, if Borrower is a limited partnership, or the managing member of Borrower, if Borrower is a multi-member limited liability company.
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SPE Constituent Entity means, with respect to any Borrower, Equity Owner or Parent Equity Owner, the general partner of such Person if such entity is a limited partnership or the managing member of such Person if such entity is a limited liability company.
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SPE Constituent Entity means [list any entity required to be a single purpose entity pursuant to the terms of the Senior Loan Documents]]
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Examples of SPE Constituent Entity in a sentence

  • The parties hereto acknowledge that the defined term “Borrower” (as well as the defined term “Collective Group”) has been defined to collectively include each Borrower (and in the case of the Collective Group, defined to collectively include each Borrower and each SPE Constituent Entity).

  • Borrower shall promptly advise Lender of any material adverse change in the condition of Borrower, any SPE Constituent Entity or Guarantor, financial or otherwise, or of the occurrence of any Default or Event of Default of which Borrower has knowledge.

  • Although most European systems would not call it “selection” or “filtering” and would even emphasize that this procedure is rather formalized, their laws equip judges with flexible concepts for deciding which cases to deal with in detail and which cases do not merit close attention.In the response to our questionnaires, only Cyprus, Italy, Poland and Serbia reported no filtering mechanisms whatsoever.

  • No petition in bankruptcy has been filed against Borrower, any SPE Constituent Entity or Guarantor in the last seven (7) years, and none of Borrower, any SPE Constituent Entity nor Guarantor has, in the last seven (7) years, made an assignment for the benefit of creditors or taken advantage of any insolvency act for the benefit of debtors.

  • Each Borrower and each SPE Constituent Entity has been duly organized and is validly existing and is in good standing with requisite power and authority to own its properties and to transact the businesses in which it is now engaged.

  • If a delayed certificate of birth is rejected under the provisions of section 193.105, a petition signed and sworn to by the petitioner may be filed with a court of competent jurisdiction for an order establishing a record of the date and place of the birth and the parentage of the person whose birth is to be registered.

  • The term “Collective Group” as used in this Agreement means, collectively, each Borrower and each SPE Constituent Entity.

  • Each Borrower and each SPE Constituent Entity is duly qualified to do business and in good standing in each jurisdiction where it is required to be so qualified in connection with its properties, businesses and operations.

  • No SPE Constituent Entity shall engage in any business other than (i) acting as general partner of the limited partnership that owns any one or more Individual Properties or acting as a member of the limited liability company that owns any one or more Individual Properties, as applicable and (ii) transacting any and all lawful business that is incident, necessary and appropriate to accomplish the foregoing.

  • Each Borrower and each SPE Constituent Entity possesses all material rights, licenses, permits and authorizations, governmental or otherwise, necessary to entitle it to own its properties and to transact the businesses in which it is now engaged, and the sole business of Borrower is the ownership, management, leasing and operation of the Properties.


More Definitions of SPE Constituent Entity

SPE Constituent Entity means, individually and collectively, Shiv Savannah Mortgage, LLC, Xxxx Xxxxxxx Augusta Mortgage, LLC, Hare Xxxxxxx Xxxxxxxx Mortgage, LLC and Xxxx Xxxxxxx Greenville Mortgage, LLC, each a Delaware limited liability company.
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Related to SPE Constituent Entity

  • Constituent entity means a merging entity or a surviv- ing entity in a merger.

  • Constituent organization means an organization that is party to a merger.

  • Constituent Company means an existing company that is participating in a merger or consolidation with one or more other existing companies;

  • SPE Subsidiary means any Subsidiary formed solely for the purpose of, and that engages only in, one or more Securitization Transactions.

  • SPE means (i) an entity formed for the purpose of holding, acquiring, constructing, developing or improving assets whose acquisition, construction, development or improvement will be financed by Specified SPE Debt or equity investments in such entity or (ii) an entity acquired by the Restricted Parent or a Restricted Subsidiary of the Restricted Parent whose outstanding Indebtedness is all Specified SPE Debt.

  • hazardous constituent, special waste," "toxic substance" or other similar term or phrase under any Environmental Laws, or (b) petroleum or any fraction or by-product thereof, asbestos, polychlorinated biphenyls (PCB's), or any radioactive substance.

  • Constituent Documents means with respect to any Person, as applicable, such Person’s certificate of incorporation, articles of incorporation, by-laws, certificate of formation, articles of organization, limited liability company agreement, management agreement, operating agreement, shareholder agreement, partnership agreement or similar document or agreement governing such Person’s existence, organization or management or concerning disposition of ownership interests of such Person or voting rights among such Person’s owners.

  • Parent organization means the entity named in Item I. of the Policy Declarations.

  • Operating Lessee means, with respect to a Hotel Property, the Subsidiary of the Parent Guarantor that leases such Hotel Property from a Subsidiary of the Parent Guarantor that is the owner or ground lessee of such Hotel Property.

  • Hazardous waste constituent means a constituent that caused the hazardous waste to be listed in Subpart D of 35 Ill. Adm. Code 721, or a constituent listed in 35 Ill. Adm. Code 721.124.

  • Parent Subsidiary means any Subsidiary of Parent.

  • Acquisition Subsidiary has the meaning specified in Section 7.14.

  • SPE Component Entity shall have the meaning set forth in Section 5.1 hereof.

  • Constituent corporation means any corporation which engages with the Company, its Parent or any Subsidiary in a transaction to which Section 424(a) of the Code applies (or would apply if the option assumed or substituted were an ISO), or any Parent or any Subsidiary of such corporation.

  • Articles of Organization means the original documents filed to organize a limited liability company, as amended or restated by certificates of correction, amendment, or merger, by restated articles, or by other instruments filed or issued under any statute.

  • Merger Sub II has the meaning set forth in the Preamble.

  • Delaware LLC Act means the Delaware Limited Liability Company Act.

  • Constituent means any State resident or other person

  • Constituent Person has the meaning specified in Section 5.6(b).

  • MergerSub has the meaning set forth in the Preamble.

  • Parent Organizational Documents means the certificate of incorporation, bylaws (or equivalent organizational or governing documents), and other organizational or governing documents, agreements or arrangements, each as amended to date, of each of Parent and Acquisition Sub.

  • Sub-Lessee means a lease/license by a Lessee of part or all of leased space to another person.

  • Merger Sub I has the meaning set forth in the Preamble.

  • Certificate of organization means the certificate required by section 489.201. The term includes the certificate as amended or restated.

  • Current Subsidiary means any Person in which the Company on the Subscription Date, directly or indirectly, (i) owns any of the outstanding capital stock or holds any equity or similar interest of such Person or (ii) controls or operates all or any part of the business, operations or administration of such Person, and all of the foregoing, collectively, “Current Subsidiaries”.

  • MergerCo has the meaning set forth in the Preamble.