Examples of Lessor Entity in a sentence
There is no contemplated, pending or threatened Insolvency Event or similar proceedings, whether voluntary or involuntary, affecting Lessor or any Lessor Entity.
There are no suits, actions, proceedings or investigations pending, or to the best of its knowledge, threatened against or involving any Lessor Entity or the Property before any arbitrator or Governmental Authority which might reasonably result in any Material Adverse Effect.
In the event Buyer assigns this Agreement to Lender, the Lessor Entity, Other Lender or Buyer's affiliate, all obligations of Seller shall inure to the benefit of such permitted assignee.
As of the date of execution of this Agreement, it is currently contemplated that Buyer will enter into such financing arrangements with Lender and/or the Lessor Entity.
Notwithstanding the foregoing, no assignment of this Agreement to anyone other than to Lender, the Lessor Entity or Other Lender shall relieve Buyer of any obligations hereunder or release Buyer from any of its warranties or representations hereunder.
Project Company Lessor Type of Lessor Entity Property Akron, Ohio Elder Care Operators of Nationwide Health A Maryland Summit County, Ohio Akron, LLC Properties, Inc.
Seller acknowledges that it has been informed by Buyer that Buyer anticipates that all or a portion of the acquisition costs for the Property may be funded by a loan, operating lease, or other type of financing arrangement involving Bank Nationale de Paris ("Lender") itself or through a subsidiary or special purpose entity, which Buyer currently anticipates to be known as BNP Leasing Corporation (the "Lessor Entity").
Such an arrangement would require Buyer to assign its rights under this Agreement to Lender or the Lessor Entity (or designate Lender or the Lessor Entity as the party to whom title shall be convey at the Closing) pursuant to the terms and conditions of Section 7, in either case with Lender or the Lessor Entity to take title to the Property at the Closing and finance or lease the Property to Zhone, with Zhone to obtain an option to purchase the Property as part of such arrangement.
All of the Options shall be senior in priority to any private liens, leases, mortgages or encumbrances on the Property entered into after the date of this Agreement, including without limitation (a) any lease or other financing arrangement between Zhone and Lender, the Lessor Entity or Other Lender, (b) any option to purchase held by Zhone under such financing arrangement, or (c) any deeds of trust or other instruments securing any acquisition, construction or permanent loans for any phase of the Project.