Transaction Entities definition
Examples of Transaction Entities in a sentence
The Transaction Entities will maintain Total Unencumbered Assets of not less than 150% of the aggregate outstanding principal amount of Unsecured Indebtedness.
Since its inception, neither the Transaction Entities nor any of their respective subsidiaries have knowingly engaged in, or are now knowingly engaged in, any dealings or transactions with any person that at the time of the dealing or transaction is or was a Sanctioned Person or with any Sanctioned Country.
Neither of the Transaction Entities nor any of their respective subsidiaries have received notice or been made aware that any other party is in breach of or default to either of the Transaction Entities or any of their respective subsidiaries under any of such contracts.
The Manager operates a system of internal controls sufficient to provide reasonable assurance that (A) transactions that may be effectuated by it on behalf of the Transaction Entities pursuant to its duties set forth in the Management Agreement will be executed in accordance with management’s general or specific authorization and (B) access to the Transaction Entities’ assets is permitted only in accordance with management’s general or specific authorization.
In connection with any such assignment, each Assignee shall be deemed to have represented to the Transaction Entities that it is not a Competitor and to have made to the Transaction Entities the representations set forth in Section 7 hereof.
No service charge (other than any cost of delivery) shall be imposed by the Transaction Entities for any exchange or registration of transfer of a Note but the Transaction Entities may require the payment of a sum sufficient to cover any stamp or other tax or governmental charge that may be imposed in connection therewith or presentation of evidence that such tax or charge has been paid.
If any Note which has matured or is about to mature shall become mutilated, destroyed, lost or stolen, the Operating Partnership may, instead of issuing a substitute Note, pay (without surrender thereof except in the case of a mutilated Note) upon compliance by the Holder thereof with the provisions of this Section 16.4 (including delivery of an indemnity satisfactory to the Transaction Entities and such other documents of proof as may be required by them).
Neither of the Transaction Entities nor any of their respective subsidiaries has been named as a “potentially responsible party” under the Comprehensive Environmental Response Compensation and Liability Act of 1980, as amended.
Neither of the Transaction Entities is, nor, after giving effect to the offer and sale of the Securities and the application of the proceeds thereof will be, required to register as an “investment company” within the meaning of the Investment Company Act of 1940, as amended.
Transfers must be in compliance with applicable securities laws and regulations and the Transaction Entities may require an opinion of counsel in connection with the transfer of any Note.