Grantor Party definition

Grantor Party means any Person with any beneficial ownership in Grantor.
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Grantor Party is a party who is intending to convey title to an Exchange Property at Closing as described in this Agreement.
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Grantor Party or “Grantor Parties” means Grantor, its Affiliates and/or Grantor’s successors.
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Examples of Grantor Party in a sentence

  • Grantor Party warrants there is no litigation pending, threatened, or likely with respect to the Exchange Property, the Grantor’s interest therein, or which would inhibit the Grantee Party from obtaining clear title to the Exchange Property.

  • The signing and delivery of this Agreement by Grantor Party and the performance by Grantor Party of all of Grantor Party’s obligations under this Agreement will not breach any agreement to which Grantor Party is a party of or give any person the right to accelerate any obligation of Grantor Party, or violate any law judgment, or order to which Grantor Party or the Exchange Property is subject.

  • This Agreement will constitute a valid and binding agreement of Grantor Party enforceable in accordance with its terms.

  • Grantor Party has full power and authority to sign and deliver this Agreement and to perform all of Grantor Party’s obligations under this Agreement.

  • Risk of loss or damage to the Exchange Property shall rest with the Grantor Party until the time of delivery of possession.

  • Grantor Party represents that to the Grantor Party’s knowledge, there are no defects in the Exchange Property that are not readily ascertainable and which significantly affect the desirability or value of the Exchange Property.

  • The Title Commitment must show marketable title to the Exchange Property in the name of the Grantor Party and in accordance with the terms and conditions of this Agreement.

  • Grantor Party warrants there are no unrecorded leases, arrangements, agreements, understandings, options, contracts, or rights of first refusal affecting or relating to the Exchange property.

  • After the date of this Agreement, but prior to the Closing, Grantor Party shall not dedicate, gift, transfer, mortgage or convey any interest in the Exchange Property to any third party without the Grantee Party’s prior written consent, which consent can be withheld for any reason.

  • If any objection or defect in title is discovered during the examination of the Title Commitment by Grantee Party, which renders the title unmarketable or restricts Grantee Party’s ability to use the Property for its intended purpose pursuant to Paragraph 1 a) in this Agreement, Grantee Party shall furnish Grantor Party written notice of such objections and defects.

Related to Grantor Party

  • Grantor means each and all of the persons or entities granting a Security Interest in any Collateral for the Loan, including without limitation all Borrowers granting such a Security Interest.

  • Secured Party as used in this Annex means only Party B, (b) the term “Pledgor” as used in this Annex means only Party A, (c) only Party A makes the pledge and grant in Paragraph 2, the acknowledgement in the final sentence of Paragraph 8(a) and the representations in Paragraph 9.

  • Secured Creditor means the Trustee, the Margin Loan Provider and the holders of the ETP Securities.

  • Guaranteed Party means the Borrower and each Subsidiary thereof party to any Interest Rate Protection Agreement or Other Hedging Agreement with an Other Creditor. Each Guarantor understands, agrees and confirms that the Secured Creditors may enforce this Guaranty up to the full amount of the Guaranteed Obligations against such Guarantor without proceeding against any other Guarantor, the Borrower, any other Guaranteed Party, against any security for the Guaranteed Obligations, or under any other guaranty covering all or a portion of the Guaranteed Obligations.

  • U.S. Loan Party means any Loan Party that is organized under the laws of one of the states of the United States of America and that is not a CFC.

  • Pledgor shall have the meaning assigned to such term in the Preamble hereof.

  • Credit Agreement Collateral Agent has the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Transaction Party means the Company and each Guarantor, collectively, “Transaction Parties”.

  • Obligated Party has the meaning assigned to such term in Section 10.02.

  • Loan Party means the Borrower and each Guarantor.

  • Grantors shall have the meaning set forth in the preamble.

  • Debtor means a person who is liable on a claim.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • UK Loan Party and “UK Loan Parties” shall mean any Loan Party or Loan Parties organized or existing under the laws of the United Kingdom, including of England and Wales or Scotland.

  • Specified Credit Party means any Credit Party that is not an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 14.11).

  • Financing Party means any and all Persons, or the agents or trustees representing them, providing senior or subordinated debt or tax equity financing or refinancing (including letters of credit, bank guaranties or other credit support).

  • Guaranteed Parties means (a) each Lender, (b) each Issuing Bank, (c) the Administrative Agent, (d) each Joint Bookrunner, (e) each Person to whom any Guaranteed Cash Management Obligations are owed, (f) each counterparty to any Swap Agreement the obligations under which constitute Guaranteed Swap Obligations, (g) the beneficiaries of each indemnification obligation undertaken by any Loan Party under any Loan Document and (h) the permitted successors and assigns of each of the foregoing.

  • Bank Product Provider means Xxxxx Fargo or any of its Affiliates.

  • Non-Loan Party means any Subsidiary of the Borrower that is not a Loan Party.