Entity definition
Examples of Entity in a sentence
The Reserve Fund Amount will be funded by a loan obtained in the name of the Special Purpose Entity secured only by the Property.
The Pledged Equity constitutes 100% or such other percentage as set forth on Schedule IV of the issued and outstanding shares of Capital Stock of the applicable Pledged Entity.
If Participating Lenders acquire title through a foreclosure or deed in lieu of foreclosure, Ignite shall be entitled to an REO Management Fee of up to one percent (1%) of the outstanding balance of the Loans each calendar year, starting the calendar year upon the date of transfer of title to Participating Lenders (or transfer to the Special Purpose Entity).
The Pledged Equity constitutes 100% or such other percentage as set forth on Schedule II of the issued and outstanding shares of Capital Stock of the Pledged Entity.
Neither of the Borrowers nor any of their Subsidiaries is subject to any order, writ, judgment, injunction, decree, determination or award of any Governmental Entity.