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.

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.

• 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.

• Each of the Operating Affiliates acknowledges that Company may make payments to third parties (including for legal, insurance, financial, accounting, public relations and other consultant fees, costs and expenses) on behalf of an Operating Affiliate (or its subsidiaries) in connection with Company's provision of Services to such Operating Affiliate (or its subsidiaries) or otherwise.

• In addition, the Company agrees to cause each of the Restricted Affiliates (including, without limitation, each Operating Affiliate) to comply in all respects with each covenant and agreement set forth below and attributed to such Restricted Affiliate.

• Each Operating Affiliate shall promptly, and in any event within 15 days after notice (which notice shall include, upon request of an Operating Affiliate, documentation of such expenses), reimburse Company for any such third party fees, costs and expenses attributable to it or its subsidiaries.

• Company shall indemnify, defend and hold each Operating Affiliate, their respective Affiliates and their respective officers, directors, agents and employees harmless from and against any and all demands, claims, actions, causes of action, suits and encumbrances brought or asserted by, or Losses to which such Operating Affiliate may be subjected arising out of or attributable, directly or indirectly, to Company's gross negligence, bad faith or willful misconduct.

• None of Borrower, any Mortgaged Property Owner nor Operating Affiliate, nor to the Best of Borrower’s Knowledge any Operating Non-Affiliate, is in default in any respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any agreement or instrument to which it is a party or by which it or the Mortgaged Property is bound, which default is reasonably likely to have a Portfolio Material Adverse Effect.

• At any Operating Affiliate's request, Company shall provide to such Operating Affiliate copies of records pertaining to the Services provided to it or its subsidiaries.

• Borrower shall promptly notify, or cause to be notified, Administrative Agent of the actual or threatened commencement of any proceeding for the Condemnation of any Mortgaged Properties of which Borrower or any Operating Affiliate has knowledge and deliver or cause to be diligently delivered to Administrative Agent copies of any and all papers served in connection with such proceedings.

• Upon any such joinder, such Pegasus Communications Corporation Affiliate shall constitute an Operating Affiliate hereunder and shall be entitled to all of the rights, and subject to all of the obligations, of an Operating Affiliate hereunder.

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 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 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 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.