SRC O.P. definition
Examples of SRC O.P. in a sentence
Sellers shall pay on the Closing Date all accrued and unpaid rent to each of SRC O.P. LLC, SRC Facilities LLC and SRC Real Estate (TX), LLC that are not “dark” stores.
Each of the Company and SRC O.P. hereby covenants to PBGC and agrees that it will not seek to remove the existing SRC O.P. Independent Director or appoint any successor SRC O.P. Independent Director unless the existing SRC O.P. Independent Director is promptly replaced by a successor SRC O.P. Independent Director set forth on Exhibit 17 hereto or otherwise expressly approved in advance in writing by PBGC.
SRC O.P., either directly or through its beneficial interest in SRC Trust, owns, ground-leases or sub-ground-leases each of the REMIC Properties situated in Maryland.
The Parties agree that a termination by CSC of the CSC Service Agreement for either Independent Director shall not constitute a breach of this Section 3.03(b) by the Company, the Depositor, or SRC O.P. (as applicable) so long as a successor Independent Director is promptly appointed in accordance with this Section 3.03(b).