Joint Venture Lender definition
Joint Venture Lender means a bank or other financial institution that provides financing to a Permitted Joint Venture (on a non-recourse basis with respect to the Issuer or a Subsidiary Guarantor) with respect to the operations of such joint venture and that, in connection with such financing, requires a pledge of equity of the Permitted Joint Venture to secure the Permitted Joint Venture’s obligations to it.
Joint Venture Lender a bank or other financial institution that provides financing to a Permitted Joint Venture (on a non-recourse basis with respect to any Loan Party) with respect to the operations of such joint venture and that, in connection with such financing, requires a pledge of equity of the Permitted Joint Venture to secure the Permitted Joint Venture’s obligations to it. Law: all common law and all applicable provisions of constitutions, laws, statutes, ordinances, rules, treaties, regulations, permits, licenses, approvals, interpretations and orders of courts or Governmental Authorities and all orders and decrees of all courts and arbitrators.
Joint Venture Lender means PNC Bank, National Association, GMAC Commercial Mortgage Corporation or any other lender who pursuant to any amendment, waiver, modification, refinancing or other replacement becomes a beneficiary of any L▇▇▇▇ Indemnity Agreement.