Borrower Related Party definition

Borrower Related Party. As defined in Section 3.33 of this Agreement.

Borrower Related Party shall have the meaning assigned to such term (or an analogous term) in the Lead Securitization Servicing Agreement.

Borrower Related Party shall have the meaning assigned to such term in Section 15.

Examples of Borrower Related Party in a sentence

• Notwithstanding the foregoing, each Note Holder shall have the right, without the need to obtain the consent of any other Note Holder or of any other Person or having to provide any Rating Agency Confirmation or Rating Agency Communication, to Transfer 49% or less (in the aggregate) of its beneficial interest in a Note, other than to the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party.

• The Borrower shall ensure that each Construction Contractor complies with all applicable laws and legal or contractual requirements with respect to any performance security instrument delivered by such Construction Contractor to the Borrower or to any other Borrower Related Party and shall ensure that any letter of credit provided pursuant to any Construction Agreement meets the requirements therefor set forth in such Construction Agreement.

• The Borrower has provided to the TIFIA Lender all assessments, reports, data, results of investigations or audits, and other information in the possession of or reasonably available to the Borrower or any other Borrower Related Party regarding environmental matters pertaining to the Project.

• The Borrower and each other Borrower Related Party is in compliance in all material respects with, and has conducted (or caused to be conducted) its business and operations and the business and operations of the Project in compliance in all material respects with, all applicable laws (other than Environmental Laws, which are addressed in clause (t) of this Section 14).

• The Borrower and each other Borrower Related Party has valid legal and beneficial title to, or a valid leasehold interest in, the personal property and other assets and revenues thereof on which it purports to grant Liens pursuant to the Security Documents, in each case free and clear of any Lien of any kind, except for Permitted Liens.

More Definitions of Borrower Related Party

Borrower Related Party. Individually or collectively, as the context may require, any Borrower, any Affiliated Manager, any Borrower Sponsor and any Guarantor and any Affiliate of any of the foregoing.

Borrower Related Party. With respect to the Whole Loan, any of (i) the Borrower, (ii) any guarantor or indemnitor under the Loan Documents, (iii) any manager or operator of the Property (including the Manager, Parking Manager and Club Operator) and (iv) any Control Affiliate or agent of any of the foregoing. For the avoidance of doubt, the ownership of any trust certificates shall not, in and of itself, cause a Person to be a Borrower Related Party.

Borrower Related Party. Any of (a) the Loan Borrower, the Borrower Sponsor, the Property Manager or a Restricted Holder, (b) any other Person controlling or controlled by or under common control with the Loan Borrower, the Borrower Sponsor, any Property Manager or a Restricted Holder, as applicable, or (c) any other Person owning, directly or indirectly, twenty-five percent (25%) or more of the beneficial interests in the Loan Borrower, the Borrower Sponsor, any Property Manager or a Restricted Holder, as applicable. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

Borrower Related Party. Any of (a) the Loan Borrowers, the Sponsor, the Property Manager or a Restricted Holder, (b) any other Person controlling or controlled by or under common control with a Loan Borrower, Sponsor, Property Manager or Restricted Holder, as applicable, or (c) any other Person owning, directly or indirectly, twenty-five percent (25%) or more of the beneficial interests in a Loan Borrower, Sponsor, Property Manager or Restricted Holder, as applicable. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

Borrower Related Party means, collectively and individually, any Borrower Party and any Affiliate of any of the foregoing.

Borrower Related Party means each of the Borrower Parties, Guarantor, and their respective Affiliates. “Borrower Representative” shall have the meaning set forth in the introductory paragraph.

Borrower Related Party. Any of (a) the Mortgage Loan Borrower, any Borrower Sponsor, the Property Manager, or a Restricted Holder, (b) any other Person controlling or controlled by or under common control with the Mortgage Loan Borrower, either Borrower Sponsor, the Property Manager, or a Restricted Holder, as applicable, or (c) any other Person owning, directly or indirectly, twenty-five percent (25%) or more of the beneficial interests in the Mortgage Loan Borrower, any Borrower Sponsor, the Property Manager, or a Restricted Holder, as applicable. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled” have meanings correlative to the foregoing.