Maryland Owner definition

Maryland Owner has the meaning set forth in the Recitals.
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Maryland Owner as used herein (including within the definition of “Borrower Party”, as applicable) shall include any new or successor corporation, association, partnership (general or limited), joint venture, trust or other individual or organization formed as a result of any merger, reorganization, sale, transfer, devise, gift or bequest of Mortgage Loan Borrower or Maryland Owner.
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Maryland Owner shall have the meaning set forth in the recitals hereto, together with its successors and permitted assigns.
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Examples of Maryland Owner in a sentence

  • Borrower shall cause Mortgage Loan Borrowers or Maryland Owner (as applicable) to maintain each Individual Property in a good and safe condition and repair.

  • Borrower shall not permit any Mortgage Loan Borrower or Maryland Owner to enter into, terminate or modify any REA without Lender’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed.

  • Further, without Lender’s prior written consent, after the Closing Date Borrower shall not permit any Mortgage Loan Borrower or Maryland Owner to file or subject any part of the Property or the Improvements to any declaration of condominium or co-operative or convert any other part of the Property or Improvements to a condominium, co-operative or other form of multiple ownership and governance.

  • The Mortgage Loan and each of the related Mortgage Loan Documents with respect to each Individual Property encumbered thereby are in full force and effect and there exists no Mortgage Loan Default thereunder by the applicable Mortgage Loan Borrower or Maryland Owner or, to Borrower’s knowledge, any other party thereto and no event has occurred that, with the passage of time and/or the giving of notice, would constitute a Mortgage Loan Default thereunder.

  • Borrower shall have paid (or caused Mortgage Loan Borrower or Maryland Owner to pay) all Taxes and Other Charges currently due and payable (including any in arrears) relating to the Property.

  • Borrower shall cause each Mortgage Loan Borrower or Maryland Owner to enforce, comply with, and cause each of the parties to the REA to comply with all of the material economic terms and conditions contained in the REA.

  • Notwithstanding the foregoing, if Lender has delivered notice to Mortgage Loan Borrower or Maryland Owner to terminate Remington as Manager of any Individual Property pursuant to the provisions of Section 5.14(c), then Borrower shall not have the right, and shall not permit, Mortgage Loan Borrower or Maryland Owner to appoint Remington as a successor or replacement manager with respect to any other Individual Property.

  • In the event Lender delivers notice to Mortgage Loan Borrower or Maryland Owner to terminate any Affiliated Manager pursuant to the provisions of this Section 5.14(c), then Borrower shall not have the right, and shall not permit, Mortgage Loan Borrower or Maryland Owner to appoint an Affiliated Manager as a successor or replacement manager with respect to the applicable Individual Property.

  • Borrower shall not permit any Mortgage Loan Borrower or Maryland Owner, without the prior written consent of Lender, to create, incur, assume or suffer to exist any Lien on any portion of any Individual Property or permit any such action to be taken, except Permitted Encumbrances.

  • Each Borrower shall and shall cause Mortgage Loan Borrowers and Maryland Owner to at all times maintain, preserve and protect all franchises and trade names used in connection with the operation of each Individual Property.


More Definitions of Maryland Owner

Maryland Owner shall have the meaning set forth in the introductory paragraph hereto, together with its successors and permitted assigns.
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Maryland Owner means ESA P Portfolio MD Trust, a Delaware statutory trust, together with its successors and permitted assigns.
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Maryland Owner shall have the meaning ascribed to such term in the Recitals hereof.
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Maryland Owner means HH Gaithersburg LLC, a Delaware limited liability company; HH Baltimore LLC a Delaware limited liability company; and HH Annapolis LLC, a Delaware limited liability company, together with their respective successors and permitted assigns.
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Related to Maryland Owner

  • land owner s association" means an organisation established by owners of a group of properties to collectively regulate their conduct and share the costs of maintaining and improving shared infrastructure and services, including a home owner’s association;

  • brand owner means a person or company who sells any commodity under a registered brand label.

  • REIT means a “real estate investment trust” under Sections 856 through 860 of the Code.

  • Operating Lessee means, with respect to a Hotel Property, the Subsidiary of the Parent Guarantor that leases such Hotel Property from a Subsidiary of the Parent Guarantor that is the owner or ground lessee of such Hotel Property.

  • Property Owner means any person shown as the owner of land on the last equalized assessment roll or otherwise known to be the owner of land by the city council. “Business owner” means any person recognized by the city as the owner of the business. “Owner” means either a business owner or a property owner. The city council has no obligation to obtain other information as to the ownership of land or businesses, and its determination of ownership shall be final and conclusive for the purposes of this part. Wherever this part requires the signature of the property owner, the signature of the authorized agent of the property owner shall be sufficient. Wherever this part requires the signature of the business owner, the signature of the authorized agent of the business owner shall be sufficient.