Ownership Entity shall have the meaning provided in Section 15.2(a).
Ownership Entity means a Single Purpose Entity that is a Subsidiary of the Company, whether contributed by the Initial Member on the Closing Date or formed or acquired by the Company thereafter; provided, that, with respect to any entity transferred to the Company on the Closing Date pursuant to the Contribution Agreement that is not a Single Purpose Entity as of such date, any such entity shall be deemed to be an Ownership Entity; provided, further, that, the Company and the Manager shall take all necessary and appropriate actions to cause such entity to become a Single Purpose Entity as promptly as possible after the Closing.
Ownership Entity shall have the meaning given in Section 6.02. “Participant” shall have the meaning given in the preamble. “Participant’s Share” shall have the meaning given in Section 2.02.
Examples of Ownership Entity in a sentence
If there is a proposed sale or transfer of general or limited partnership interests, member interests, managing member interest, or other interest in Owner that would be made to a person or an entity that, at the time of transfer, has an interest in the Ownership Entity, Owner shall provide ADFA with at least thirty (30) days prior written notice of such transfer occurring.
Owner agrees that no sale or transfer of the Property itself, or an interest in the general or limited partnership, member interests, managing member interest, or other interest in Owner will be made to person or an entity that, at the time of transfer, has no interest in the Ownership Entity, without first following ADFA’s ownership transfer process and acquiring the prior written consent of ADFA.
More Definitions of Ownership Entity
Ownership Entity means a Single Purpose Entity that is a Subsidiary (as defined in the LLC Operating Agreement) of Debtor, whether contributed by the Initial Member on the Closing Date or formed or acquired by Debtor thereafter; provided, however, that, with respect to any entity transferred to Debtor on the Closing Date pursuant to the Contribution Agreement that is not a Single Purpose Entity as of such date, any such entity shall be deemed to be an Ownership Entity; provided further, however, that, Debtor shall take all necessary and appropriate actions to cause such entity to become a Single Purpose Entity as promptly as possible after the Closing.
Ownership Entity means a Single Purpose Entity that is a subsidiary of the Company, whether contributed by the Initial Member on the Closing Date (if any) or formed or acquired by the Company thereafter; provided, however, that, with respect to any entity transferred to the Company on the Closing Date pursuant to this Agreement that is not a Single Purpose Entity as of such date, any such entity shall be deemed to be an Ownership Entity.
Ownership Entity means a Special Purpose Entity that is a direct, wholly owned subsidiary of the Company (or, for purposes of the Transfer Agreement, an entity that is identified as an Ownership Entity on the Ownership Entity and Receiver Acquired Property Schedule), whether contributed by the Transferor on the Closing Date or formed or acquired by the Company thereafter; provided, however, that any entity transferred to the Company on the Closing Date pursuant to the Transfer Agreement (or otherwise identified as an Ownership Entity in the Ownership Entity and Receiver Acquired Property Schedule) that is not a Special Purpose Entity as of the Closing Date will be deemed to be an Ownership Entity, but the Company and the Manager are to take all necessary and appropriate actions to cause any such entity to become a Special Purpose Entity as promptly as possible after the Closing.
Ownership Entity means any direct wholly-owned subsidiary of the Company satisfying the requirements of an “Ownership Entity” as such term is defined in the LLC Operating Agreement, whether contributed or sold by the Initial Member to the Company on the Closing Date or formed or acquired by the Company thereafter.
Ownership Entity has the meaning given in the LLC Operating Agreement. “Paying Agent” means the Bank or any successor paying agent that satisfies the requirements set forth in Section 10.1(d) of this Agreement.
Ownership Entity means a Private Entity or Private Entities anticipated to have an
Ownership Entity means the Member that holds title to a Lot in the name of tenants by the entireties, joint tenants with right of survivorship, tenants in common, corporation, general or limited partnership, unincorporated association, limited liability company, trust or other entity or combination of entities.