Borrower Operating Agreement definition

Borrower Operating Agreement means that certain Amended and Restated Limited Liability Company Agreement of Borrower, dated as of the date hereof, as the same may be amended, restated, replaced or otherwise modified from time to time in accordance with this Agreement.

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Borrower Operating Agreement means the Operating Agreement of iPass SPV, a Delaware limited liability company, between Parent and the Members party thereto.

Borrower Operating Agreement means, individually and/or collectively as the context may require, the amended and restated limited liability company operating agreement or amended and restated limited partnership agreement, as applicable, of Borrower dated the date hereof.

Examples of Borrower Operating Agreement in a sentence

Permit any amendment to any Borrower Operating Agreement or any Material Agreement, if such amendment could reasonably be expected to have a Material Adverse Effect.
Permit any amendment to any Material Agreement or the Partnership Agreement (MLP) if such amendment could reasonably be expected to materially adversely affect the Lenders; permit any assignment of any Material Agreement if such assignment could reasonably be expected to materially adversely affect the Lenders; or permit any Unauthorized Assignment of any Borrower Operating Agreement.
Pledgor has delivered to Lender true and correct copies of the Mortgage Borrower Operating Agreement and all other Organizational Documents for the Mortgage Borrower, Mortgage Principal, Pledgor and Principal, all of which are in full force and effect.
Subject to the terms of the Borrower Operating Agreement, any surplus shall be paid to Borrowers or other Persons legally entitled thereto; provided, that Borrowers shall remain liable to Lender for any deficiency.
Borrower has no material financial obligations under any agreement or instrument to which Borrower is a party or by which Borrower or the Project is otherwise bound, other than (a) obligations incurred in the ordinary course of the ownership, leasing and operation of the Project (b) obligations under the Loan Documents, and (c) obligations under the Borrower Operating Agreement.

More Definitions of Borrower Operating Agreement

Borrower Operating Agreement means that certain limited liability company agreement of Borrower, dated as of the date hereof, as the same may be amended, restated, supplemented or otherwise modified from time to time.

Borrower Operating Agreement means, individually and collectively, each Borrower’s Limited Liability Company Agreement, each dated as of July 11, 2016, as the same have been and may hereafter be amended in accordance with the terms and provisions hereof.

Borrower Operating Agreement means, collectively, the Limited Liability Company Operating Agreement for West Fifth and the Limited Liability Company Operating Agreement for South Olive.

Borrower Operating Agreement. The amended and restated limited liability company agreement of the Borrower, dated as of June 29, 2022 as the same may be amended, restated, modified or supplemented from time to time.

Borrower Operating Agreement means the Amended and Restated Limited Liability Company Agreement of Borrower dated as of May 11, 2010, as amended by the First Amendment to the Amended and Restated Limited Liability Company Agreement dated as of June 18, 2010, as further amended by the Second Amendment to the Amended and Restated Limited Liability Company Agreement of Borrower dated as of October 8, 2010.

Borrower Operating Agreement means that certain Limited Partnership Agreement of the Borrower dated as of August 19, 2014, as such may be amended and restated prior to the Qualifying IPO Effective Date substantially in the form of the Amended and Restated Limited Partnership Agreement attached hereto as Exhibit I and without any modifications thereto that are materially adverse to the Administrative Agent or the Lenders, and as the same may be otherwise amended, restated, supplemented or otherwise modified from time to time in accordance with this Agreement.

Borrower Operating Agreement means, collectively, the operating agreements set forth on Schedule III hereto.