Credit Affiliate definition

Credit Affiliate means Principals, corporations, partnerships, firms, joint ventures, associations, joint stock companies, trusts, unincorporated organizations or entities, one of which directly or indirectly controls the other or that are both under common Control. “Control,” as that term is used in this definition, shall mean the possession, directly or indirectly, of the power to direct the management or policies of a person or an entity.
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Credit Affiliate means Domus or any entity that is controlled by Domus from time to time other than (1) an entity which is in the employee relocation business and regularly pledges its receivables as security for loans which are securitized, (2) an entity which is licensed to sell title insurance and sells title insurance as a primary business, or (3) an entity which is prohibited by Legal Requirements from providing the Guaranty (any entity described in clause (1), (2) or (3) is called an “excluded entity” in this definition). For the avoidance of doubt, a Credit Affiliate shall not include (i) any stockholder of Domus or Apollo Management, L.P. other than a stockholder which is controlled by Domus, or (ii) any Affiliate of Apollo Management, L.P. other than Domus or any entity that Domus controls from time to time; provided, however, that if all or any substantial portion of the assets of Domus or any entity that is controlled by Domus are transferred (any such assets which are transferred are called in this definition “transferred assets”) to one or more Affiliates of Domus which are not controlled by Domus for consideration which is less favorable to Domus or the entity controlled by Domus, as applicable, than what would have been received if the transferred assets were sold to an unaffiliated third party in an arm’s-length transaction, then such Affiliate(s) of Domus and any other entity (x) which controls or is controlled by any such Affiliate and (y) whose assets (held directly or indirectly) are either entirely or in substantial part comprised of transferred assets, shall be a “Credit Affiliate” notwithstanding any other contrary provision of this definition, except that in no event shall Apollo Management, L.P. or any excluded entity be a Credit Affiliate. As used in this definition, “control” means the ability through ownership of equity interest, by contract or otherwise to control and direct the day-to-day operations and affairs of such person or entity. Credit Union: defined in Section 16.7(c).
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Credit Affiliate means Principal, corporations, partnerships, firms, joint ventures, associations, joint stock companies, trusts, unincorporated organizations or entities, one of which directly or indirectly controls the other or that are both under common Control. “Control,” as that term is used in this definition, shall mean the possession, directly or indirectly, of the power to direct the management or policies of a person or an entity.
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Examples of Credit Affiliate in a sentence

  • Within twenty (20) days after receiving any request from Landlord from time to time, Tenant shall identify any entity which is a Credit Affiliate and shall provide Landlord with reasonable evidence of the credit rating of such Credit Affiliate.

  • A Foreign Guaranty is a Corporate Guaranty that is provided by a Credit Affiliate entity that is domiciled in a country other than the United States or Canada.

  • A Credit Affiliate corporate family subject to this cap shall request PJM to allocate the maximum Unsecured Credit amongst the corporate family, assuring that no individual Participant or common guarantor, shall exceed the Unsecured Credit level appropriate for its credit strength and activity.

  • Borden BETHLEHEM STEEL FUNDING, LLC OPERATING AGREEMENT This Operating Agreement (this "Agreement") is entered into this 12th day of September, 1995 by and among Bethlehem Steel Corporation, of Bethlehem, Pennsylvania; Bethlehem Steel Credit Affiliate One, Inc., of Sparrows Point, Maryland; and Bethlehem Steel Credit Affiliate Two, Inc., of Sparrows Point, Maryland.

  • Thereafter, in the event that at any time or from time to time a different Credit Affiliate shall have a higher credit rating as published by ▇▇▇▇▇’▇ or its successor than the then current Guarantor, the provisions of this Article 39 shall apply and Landlord shall have the right to require that the Guaranty be replaced by the guaranty of such other Credit Affiliate.

  • The Company shall maintain its principal ------ executive office separate from that of any Affiliate other than Bethlehem Steel Credit Affiliate One, Inc.

  • The Borrower agrees that no later than 10 Domestic Business Days after the Amendment No. 4 Effective Date it will enter into (and cause Bethlehem Steel Credit Affiliate One, Inc.

Related to Credit Affiliate

  • Borrower Party Affiliate means, with respect to the Mortgage Loan Borrower, a manager of the Mortgaged Property or an Accelerated Mezzanine Loan Lender, (a) any other Person controlling or controlled by or under common control with such Mortgage Loan Borrower, manager or Accelerated Mezzanine Loan Lender, as applicable, or (b) any other Person owning, directly or indirectly, 25% or more of the beneficial interests in such Mortgage Loan Borrower, manager or Accelerated Mezzanine Loan Lender, as applicable. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

  • Investment Affiliate means any Person in which the Consolidated Group, directly or indirectly, has made an Investment and whose financial results are not consolidated under GAAP with the financial results of the Consolidated Group.

  • Lender Affiliate means, (a) with respect to any Lender, (i) an Affiliate of such Lender or (ii) any entity (whether a corporation, partnership, trust or otherwise) that is engaged in making, purchasing, holding or otherwise investing in bank loans and similar extensions of credit in the ordinary course of its business and is administered or managed by a Lender or an Affiliate of such Lender and (b) with respect to any Lender that is a fund which invests in bank loans and similar extensions of credit, any other fund that invests in bank loans and similar extensions of credit and is managed by the same investment advisor as such Lender or by an Affiliate of such investment advisor.

  • Affiliated Lender means, at any time, any Lender that is the Sponsor (other than Holdings, the Borrower or any of their Subsidiaries and other than any Debt Fund Affiliate) or a Non-Debt Fund Affiliate.

  • Borrower Affiliate shall have the meaning set forth in the Lead Securitization Servicing Agreement; provided that in the event that any Non-Lead Note is securitized in a Securitization, the term “Borrower Affiliate” as used in the definitions of “Non-Lead Note Holder” and “Non-Lead Note Holder Representative” shall refer to a “Borrower Affiliate” as defined in the related Non-Lead Securitization Servicing Agreement or such other analogous term used in the related Non-Lead Securitization Servicing Agreement.