Examples of Lessee Entity in a sentence
There is no contemplated, pending or threatened Insolvency Event or similar proceedings, whether voluntary or involuntary, affecting Lessee or any Lessee Entity.
There are no suits, actions, proceedings or investigations pending, or to the best of its knowledge, threatened against or involving any Lessee Entity or the Properties before any arbitrator or Governmental Authority which might reasonably result in any Material Adverse Effect.
There are no suits, actions, proceedings or investigations pending, or to the best of its knowledge, threatened against or involving any Lessee Entity or the Property before any arbitrator or Governmental Authority which might reasonably result in any Material Adverse Effect.
All such financial statements shall be prepared in accordance with GAAP, and shall be certified to be accurate and complete by an officer or director of each Lessee Entity.
No Lessee Entity has received any notification that it or the Property is in violation of any of the foregoing, including without limitation, the Legal Requirements.
Notwithstanding any contrary provision hereof, no limited partner, member or shareholder having a direct or indirect ownership interest in a Lessee Entity or a Major Sublessee shall have any liability to County under this Lease.
With respect to any Change of Ownership that is not an Excluded Transfer and is not described in Subsections 4.8.1 through 4.8.3 (e.g., a transfer of a beneficial interest in a Lessee Entity or a Major Sublessee), Subsections 4.8.1, 4.8.2 and 4.8.3 shall apply to such Change of Ownership (as applicable), as adjusted pursuant to the immediately following sentence.
As used in this Lease, “beneficial interest” shall refer to the ultimate direct or indirect ownership interests in a Lessee Entity (or a Major Sublessee, as applicable), regardless of the form of ownership and regardless of whether such interests are owned directly or through one or more layers of constituent partnerships, corporations, limited liability companies, trusts or other entities.
With respect to a Change of Ownership giving rise to the Administrative Charge and Net Proceeds Share, the obligation to pay the Administrative Charge and Net Proceeds Share shall be the obligation of Lessee, and in the case in which the identity of the Lessee or a Lessee Entity changes with the transfer, shall be the joint and several obligation of both the Lessee Entities prior to the transfer and the Lessee Entities after the transfer.
Except as otherwise provided in this Lease, Lessor shall not disclose information regarding Lessee or any Lessee Entity obtained under the provisions of this Lease; provided, however, Lessor (and each employee, representative or other agent of Lessor) may disclose information to potential equity and debt financing sources that Lessor believes is reasonably required to be disclosed in connection with any equity or debt offering of Lessor or as may be required under the Securities Act or the Exchange Act.