Operating Affiliate definition

Operating Affiliate means the Guarantor or a subsidiary of the Guarantor that is engaged in the purchase, sale, financing or other similar activities with respect to residential mortgage loans.

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Operating Affiliate means any Affiliate of the Principal Stockholder which is an operating company.

Operating Affiliate means any Affiliate of the Borrower which is now or in the future becomes a party to any Material Contract, Long Term Marketing Agreement or similar contract or agreement with Borrower.

Examples of Operating Affiliate in a sentence

• The Owner and any Operating Affiliate may deliver Purchase Orders to the Vendor at any time and from time to time during the Contract Term.

• During the Predevelopment Phase, the Developer shall prepare refined versions of the Second Level Lease documents to be utilized between the Owner and an Operating Affiliate with respect to each Anchor Element (the “Refined Second Level Leases”).

• The Owner and any Operating Affiliate may --------------- deliver Purchase Orders to the Vendor at any time and from time to time during the Contract Term.

• The costs of such accountants' fees shall be borne by the Operating Affiliate if the invoice is determined to be substantially correct, and borne by Company, if the invoice is determined to be substantially incorrect.

• The Company hereby transfers to the Employee a 2.5% interest in the Company's dividends paid and in any liquidation proceeds in respect of its common equity whether evidenced by this Agreement or subsequently evidenced by shares of common stock of the Company or any Operating Affiliate ("Employee's Equity").

• Notwithstanding the foregoing, if (i) there is no Financial Closing prior to the third anniversary following expiration or termination of the term of this Agreement or (ii) the Financial Closing relates to a project with respect to which the Company or an Operating Affiliate did not make a definitive proposal during the Term, the Employee shall forfeit and retain no interest in the Employee's Equity after such expiration or termination.

• Within sixty (60) days following a Financial Closing the Company shall issue, and, if applicable, cause any Operating Affiliate receiving financing pursuant to the Financial Closing to issue, to Employee a number of shares of the Company's, and, if applicable, such Operating Affiliate's, common stock which following such issuance will equal 2.5% of the then outstanding common stock of the Company, and, if applicable, such Operating Affiliate ("Employee Shares").

• Each Operating Affiliate acknowledges that Company is not in the business of providing such Services to third parties and that, except as set forth in this Section 1(d), Company does not otherwise warrant the Services.

• Company shall invoice each Operating Affiliate for Services performed for such Operating Affiliate (and its subsidiaries) on such intervals as may be determined by Company.

• Notwithstanding the foregoing, or the provisions of Section (C) below, Proceeds must be applied in accordance with the requirements of any Management Agreement or Operating Lease which is not with an Operating Affiliate.

More Definitions of Operating Affiliate

Operating Affiliate means any Lithotripsy Affiliate or any Orthotripsy Affiliate.

Operating Affiliate is defined on Schedule 1.5.

Operating Affiliate means collectively, Nexnet, Nextel Philippines, Nextel Argentina, Nextel Brazil, Nextel Mexico and Nextel Peru, and their respective Subsidiaries, and individually, each of the foregoing Persons.

Operating Affiliate has the meaning set forth in Section 3(c).

Operating Affiliate means each of Nextel Mexico and Nextel Peru and each other Affiliate of the Company which (i) owns or operates an iDEN System and (ii) has been expressly approved in writing by the Required Lenders to be designated as an Operating Affiliate.

Operating Affiliate means an Affiliate of the Borrower the sole purpose of which is: (i) to serve as a call center or (ii) to maintain, operate, and manage tower infrastructure, provided that such Operating Affiliate, or an Affiliate thereof is an Approved Tower Operator and provided further that with respect to any property or assets sold, leased or otherwise transferred to such Operating Affiliate, the Borrower shall retain the indefeasible right to use such assets or properties and the cost to use such property or assets shall not exceed the sum of (a) the proceeds received by the Borrower in respect of such sale, lease or transfer, if any, plus (b) the cost savings to the Borrower directly attributable to such sale, lease or transfer if the Borrower has provided a notice to the Administrative Agent specifying, in reasonable detail, such cost savings and such right to use shall be for the actual useful life of such assets or properties sold or transferred and in scope and manner sufficient to enable the Borrower to meet its obligations under the Concession or Authorization, as the case may be.