Eligible Property Owner definition
Examples of Eligible Property Owner in a sentence
It shall not organize, form or acquire any subsidiaries other than as explicitly provided in this Agreement (and other than the formation by any Holdco Guarantor of any Eligible Property Owner that becomes a Borrower under this Agreement).
Except as disclosed in the Property Schedule, neither Borrower nor the related Eligible Property Owner has knowledge that any Property is damaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado, vandalism, natural disaster or other casualty so as to affect materially and adversely the value of the Property or the use for which the premises were intended.
The related Eligible Property Owner, is the insured of such title insurance policy, and such title insurance policy is valid and remains in full force and effect.
Administrative Agent shall have received evidence in form and substance satisfactory to Administrative Agent showing compliance by Borrower and each applicable Eligible Property Owner as of the Effective Date with Section 7.21 hereof.
Each Notice of Borrowing and Pledge shall include a final Property Schedule listing each Eligible Property (including any Eligible Properties that the related Eligible Property Owner proposes to purchase on the related Funding Date).