Examples of Single Asset Entity in a sentence
Modifications to Multifamily Loan and Security Agreement (Single Asset Entity Waiver – Additional Assets Permitted) (6217).
Borrower is a(n): ☐ Irrevocable Trust ☐ Single Asset Entity The limitations on Single Asset Entities are detailed in Section 6.13.
In addition, if the assets of a Person consist solely of (i) Equity Interests in one other Single Asset Entity and (ii) cash and other assets of nominal value incidental to such Person’s ownership of the other Single Asset Entity, such Person shall also be deemed to be a Single Asset Entity.
Borrower is a(n): ☐ Individual ☐ Revocable Trust ☐ Single Asset Entity ☐ Restricted Multiple Asset Entity ☐ Tenancy in common made up of multiple Co-Borrowers See the attached “Tenants in Common” rider for the Borrower Entity Requirements and Limitations for each Co-Borrower.
Borrower ___________________ is a(n): __ Individual or revocable trust __ Single Asset Entity __ Restricted Multiple Asset Entity The limitations on Single Asset Entities and Restricted Multiple Asset Entities are detailed in Section 6.13 B.