Direct Owner means each Subsidiary of the Borrower that directly owns, or is the ground lessee of, an interest in any Property.
Direct Owner means, with respect to any Person, any other Person who has any direct ownership interest in such Person.
Direct Owner has the meaning specified in the definition of “Unencumbered Eligible Property”.
Examples of Direct Owner in a sentence
OTHER OWNERSHIP INTERESTS Percentage Ownership Direct Owner --------- ------------------------- Air2Web, Inc.
More Definitions of Direct Owner
Direct Owner means each Subsidiary of the Borrower that directly owns any Eligible Loan Asset.
Direct Owner means, (i) as to any Unencumbered Property that is owned by or ground leased to a Subsidiary of the Borrower, the Subsidiary of the Borrower that directly owns or ground leases such Unencumbered Property and (ii) as to any Unencumbered First Mortgage Receivable held by a Subsidiary of the Borrower, the Subsidiary of the Borrower that directly holds such Unencumbered First Mortgage Loan Receivable.
Direct Owner has the meaning specified in the definition of “Eligible Property.”
Direct Owner means each Subsidiary of the Borrower that directly owns or is the ground lessee of an interest in any Property.
Direct Owner means, as to any Unencumbered Property that is owned by or ground leased to a Subsidiary of the Borrower, the Subsidiary of the Borrower that directly owns or ground leases such Unencumbered Property.
Direct Owner has the meaning set forth in the definition of Unencumbered Asset.
Direct Owner means someone with an active ownership interest in the disclosing entity.