Operating Lessees definition

Operating Lessees has the meaning specified in the introductory paragraph.
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Operating Lessees means Vinton IA Assisted Living Tenant, LLC; Xxxxxxx City IA Assisted Living Tenant, LLC; Nevada IA Assisted Living Tenant, LLC; Xxxxxxxx IA Assisted Living Tenant, LLC; and Indianola IA Assisted Living Tenant, LLC, collectively.
Sample 1
Operating Lessees. (or individually, an “Operating Lessee”) shall mean all operating lessees under the Operating Leases, as indicated on Schedule 4 attached hereto.
Sample 1

Examples of Operating Lessees in a sentence

  • As of the Closing Date, there are no Specified Operating Lessees.

  • State Contracting Agencies shall provide timely notice of Contract Award to the Advocate for Minority, Women and Emerging Small Business if the estimated Contract Price exceeds $5,000.

  • In connection with the Pre-IPO Transactions, ESH REIT transferred the Operating Lessees to the Corporation.

  • Giving effect to the Loan, the fair saleable value of Borrower's and Operating Lessee's assets exceeds and will, immediately following the making of the Loan, exceed Borrower's and Operating Lessee's total liabilities, including, without limitation, subordinated, unliquidated, disputed and contingent liabilities.

  • Neither Borrower, Operating Lessee nor any of its constituent Persons are contemplating either the filing of a petition by it under the Bankruptcy Code or similar state bankruptcy or insolvency law or the liquidation of all or a major portion of Borrower's or Operating Lessee's assets or property, and neither Borrower nor Operating Lessee has any knowledge of any Person contemplating the filing of any such petition against it or such constituent Persons.

  • Each Management Agreement is valid, binding and enforceable and in full force and effect and has not been modified (other than by written instrument provided to Lender or except as otherwise disclosed to Lender in writing) and there are no material defaults under any of them, nor to Borrowers' or Operating Lessee's knowledge has any event occurred that with the passage of time, the giving of notice or both would result in such a material default under the terms of each Management Agreement.

  • As such, the Operating Lessees were generally subject to federal, state, local and/or foreign income taxes on their separate tax returns.

  • Except as expressly disclosed in the Engineering Reports, the Environmental Reports, the PZR zoning reports or the Surveys delivered to Lender by Borrower, each applicable Borrower, Operating Lessee, each Individual Property and each applicable Borrower's or Operating Lessee's use thereof as a hotel and operations thereat comply in all material respects with all applicable Legal Requirements and all Insurance Requirements.

  • In order to ensure that the tap water is safe to drink, the Department of Health and EPA prescribe regulations that limit the amount of certain contaminants in water provided by public water systems.

  • Giving effect to the transactions contemplated hereby and the agreements set forth herein, the fair saleable value of each of Borrower's and Operating Lessee's assets exceeds and will, immediately following the execution and delivery of this Agreement, exceed such Borrower's or Operating Lessee's, as applicable, total liabilities, including, without limitation, subordinated, unliquidated, or disputed liabilities or Contingent Obligations.


More Definitions of Operating Lessees

Operating Lessees means each operating lessee of each Borrowing Base Property as set forth on Schedule 1.01(a) or such other entity selected as the operating lessee of the applicable Borrowing Base Property in accordance with the terms of this Agreement, and “Operating Lessee” means any one of the Operating Lessees.
Sample 1
Operating Lessees each has the meaning set forth in the recitals hereto.
Sample 1
Operating Lessees means, the Embassy Atlanta Buckhead Operating Lessee, the Embassy Boston Marlborough Operating Lessee, the Embassy Corpus Christi Operating Lessee, the Embassy Orlando South Operating Lessee, the Embassy SF Airport Operating Lessee, the Sheraton Operating Lessee SPE, and “Operating Lessee” means any one of the Operating Lessees.
Sample 1
Operating Lessees means MSR Lodging Tenant, LLC, a Delaware limited liability company, MSR Resort Ancillary Tenant, LLC, a Delaware limited liability company, and each of their respective successors and assigns.
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Operating Lessees means each operating lessee of each Collateral Property as set forth on Schedule 1.01 or such other entity selected as the operating lessee of the applicable Collateral Property in accordance with the terms of this Agreement, and "Operating Lessee" means any one of the Operating Lessees.
Sample 1
Operating Lessees means FelCor FQ Lessee, FelCor Union Square Lessee, and DJONT Phoenix, and in each case any successor thereto as permitted pursuant to this Agreement, and “Operating Lessee” means any of the Operating Lessees, as applicable.
Sample 1

Related to Operating Lessees

  • 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.

  • Mortgage Borrower shall have the meaning ascribed to the term “Borrower” in the Loan Agreement (Mortgage).

  • Property Owners association" or "association" means an incorporated or unincorporated entity upon

  • 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.

  • Master Tenant means any entity approved by HUD now or hereafter leasing the Healthcare Facility pursuant to a Master Lease.

  • SPE means any bankruptcy-remote, special-purpose entity created in connection with the financing of settlement float with respect to customer funds or otherwise.

  • Property Manager means an entity that has been retained to perform and carry out at one or more of the Properties property-management services, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property, the costs for which are passed through to and ultimately paid by the tenant at such Property.

  • Ground Lessee means the Owner Lessor as lessee of the Ground Interest under the Facility Site Lease.

  • Project Owner means the legal entity that ultimately owns the Project and to which Tax Credits will be allocated.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Borrower Parties means the collective reference to the Borrower and its Restricted Subsidiaries, and “Borrower Party” means any one of them.

  • Operating Entities means, from time to time, the Persons in which the Holding Entities, directly or indirectly, hold interests and that (i) directly hold real estate assets, or (ii) indirectly hold real estate assets but all of the interests of which are not held, directly or indirectly, by the Holding Entities, other than, in the case of each of (i) and (ii), any Person in which the Holding Entities, directly or indirectly, hold interests for investment purposes only of less than 5% of the outstanding equity securities of that Person;

  • The Properties means and refer to all such existing properties, and additions thereto, as are subject to this Declaration or any Supplemental Declaration under the provisions of Article II hereof.

  • Project Companies means all Group Project Companies and Non-Group Project Companies together, each being a “Project Company”.

  • Operating Companies shall have the meaning specified in the recitals to this Agreement.

  • Borrower Party means the Mortgage Loan Borrower, a manager of the Mortgaged Property, an Accelerated Mezzanine Loan Lender or any Borrower Party Affiliate.

  • Operating Entity means an entity that operates and controls a portion of the bulk transmission system with the goal of ensuring reliable energy interchange between generators, loads, and other operating entities.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Mezzanine Borrower shall have the meaning set forth in Section 11.6 hereof.

  • Property Management Agreement means that certain management agreement between the Company and the Property Manager with respect to the management of the Property.

  • Title V operating permit means a permit issued under Chapter 3745-77 of the Administrative Code.

  • Project Company means Company incorporated by the bidder as per Indian Laws in accordance with Clause no 3.5.

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Ground Lessor means, as to any Site, the “lessor,” “sublessor,” “landlord,” “licensor,” “sublicensor” or similar Person under the related Ground Lease.