Wholly-Owned Fund definition

Wholly-Owned Fund means (a) any Partnership Flip Fund where all its issued membership interests are owned by its applicable Guarantor after the buy-out or withdrawal of the applicable Tax Equity Member and (b) the Lessor upon expiration of the Lease Term.
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Wholly-Owned Fund means any Fund where all its issued membership interests are owned by its applicable Guarantor after the buy-out or withdrawal of the applicable Tax Equity Member.
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Examples of Wholly-Owned Fund in a sentence

  • Pursuant to Section 8.08(h) of the Loan Agreement, the Borrower and the applicable Guarantor shall cause each Wholly-Owned Fund to agree to deposit the proceeds of all of the Wholly-Owned Collections of such Fund into the Guarantor Account held by such Guarantor on a monthly basis after payment of, or a reasonable reserve for, all Operating Expenses due, or expected to fall due, within the next month and which are permitted to be incurred in accordance with the Loan Agreement.

  • Without limitation, the Services Agreements and Back-Up Servicing Agreement to which each Wholly-Owned Fund is a party shall provide for the Wholly-Owned Fund to have a right to terminate the Services Agreements for Fund Provider default, and transition to a replacement Fund Provider under the Back-Up Servicing Agreement, upon the occurrence of a Servicer Termination Event hereunder.