Blackstone Representative definition

Blackstone Representative means the Blackstone Entity designated from time to time by all of the Blackstone Entities to serve as the representative of the Blackstone Entities for certain purposes hereunder.

Blackstone Representative has the meaning set forth in the Stockholders Agreement.

Blackstone Representative means Xxxxx Xxxxxxxx, or such other person as the Blackstone Holders may designate.

Examples of Blackstone Representative in a sentence

• Except as specifically provided herein, this Agreement may not be assigned by BACI without the express prior written consent of the Blackstone Representative, and any attempted assignment, without such consents, will be null and void.

• Upon a Reallocation Event with respect to HLT stock or HGV stock, the Blackstone Representative, on the one hand, and the relevant Spinoff Party, on the other, shall use reasonable efforts to allocate the Reallocation Event Reduction to and reduce the Blackstone-HLT Percentage Shift Limit and/or HLT Percentage Shift Limit, or Blackstone-HGV Percentage Shift Limit and/or HGV Percentage Shift Limit, as applicable.

• Any Blackstone Representative or any Universal Representative may, by notice given to the other Partner(s) and to each of the other Partner(s)’ Representatives, propose that particular action be taken by the Representatives.

• Notwithstanding the foregoing, if the Blackstone Representative or a Spinoff Party provides an Unqualified 355(e) Opinion with respect to such foreclosure or similar enforcement action to HLT, such foreclosure or similar enforcement action shall not increase the relevant Blackstone Applicable Percentage.

• Notwithstanding Section 3.1, but subject to Article II, a Disposition shall be permitted if the Blackstone Representative provides an Unqualified Device Opinion to HLT.

More Definitions of Blackstone Representative

Blackstone Representative has the meaning set forth in Section 3.3(a)(iii).

Blackstone Representative means Blackstone Alternative Credit Advisors LP, and, after the Closing Date, any successor or assign that is a Blackstone Entity appointed by the previous Blackstone Representative that fulfilled the role as Blackstone Representative hereunder.

Blackstone Representative means Blackstone Asset Based Finance, and, after the Closing Date, any successor or assign that is a Blackstone Asset Based Finance Affiliate appointed by the previous Blackstone Representative, effective after five (5) Business Days’ advance written notice of such appointment to the Borrower and the Administrative Agent; provided, that if no Lender under this Agreement is a Blackstone Asset Based Finance Entity then “Blackstone Representative” shall mean a Lender appointed by the Required Lenders and notified to the Administrative Agent to fulfill the role as the Blackstone Representative.

Blackstone Representative means, collectively Blackstone Alternative Credit Advisors LP and Blackstone Life Sciences Advisors L.L.C. and, after the Closing Date, any successor or assign that is a Blackstone Entity appointed by the previous Blackstone Entity(ies) that fulfilled the role as Blackstone Representative hereunder.

Blackstone Representative means Blackstone Credit, and, after the Effective Date, any successor or assign that is a Blackstone Credit Entity appointed by the previous Blackstone Credit Entity that fulfilled the role as Blackstone Representative hereunder, effective after five (5) Business Days’ advance written notice of such appointment to the Administrative Borrower and the Administrative Agent; provided, that if Blackstone Credit Entities do not comprise more than 50% of holders of outstanding Term Loans, then “Blackstone Credit Representative” shall thereafter mean no Person and any provision referring to the Blackstone Credit Representative shall cease to apply (provided, that (i) in the case of any agreement, document, instrument, matter or other item that is required under the terms of this Agreement or any other Loan Document to be consented or agreed to, approved by, determined by, selected by, or acceptable or satisfactory to, the Blackstone Credit Representative (each, an “Approval Item”), such reference to the “Blackstone Credit Representative” shall instead be a reference to the “Administrative Agent”, and the Administrative Agent shall be entitled to withhold its consent, agreement or approval to, its determination or selection of, or its acceptance or satisfaction with, or (if applicable) its signature to, such Approval Item unless and until the Administrative Agent has received a written direction from the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other applicable Loan Document) directing it to (x) consent or agree to or approve, or to select or indicate its acceptance or satisfaction with, such Approval Item and (y) if applicable, execute and deliver (or take any other applicable action with respect to) such Approval Item) and (ii) in the case of any action under a Loan Document to be taken (or not taken) by the Administrative Agent at the direction of the “Blackstone Credit Representative”, such action shall instead be required to be taken (or not taken) by the Administrative Agent at the direction of the Required Lenders).

Blackstone Representative and together with all the aforementioned parties, the “Credit Agreement Parties”). The Borrower and the Collateral Manager have requested certain modifications to the terms of the Credit Agreement, and the Credit Agreement Parties hereby consent to the foregoing and the terms hereof, all on and subject to the terms and conditions set forth herein. Accordingly, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

Blackstone Representative means Blackstone Alternative Credit Advisors LP, and, after the Closing Date, any successor or assign that is a Blackstone Entity (other than any fund or account engaged as a principal in private equity or venture capital) appointed by the previous Blackstone Representative that fulfilled the role as Blackstone Representative hereunder, effective after five (5) Business Days’ advance written notice of such appointment to the Borrower and the Administrative Agent; provided, that if no Lender under this Agreement is a Blackstone Entity, then “Blackstone Representative” shall mean a Lender appointed by the Required Lenders and notified to the Administrative Agent to fulfill the role as the Blackstone Representative with the consent of the Borrower or, in the absence of any such appointment, shall mean the Required Lenders.