Patriot OP definition

Patriot OP means Patriot American Hospitality Partnership, L.P., a Virginia limited partnership.
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Patriot OP has the meaning set forth in the recitals.
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Examples of Patriot OP in a sentence

  • Patriot OP shall make ------------------------------------------- all determinations with respect to whether to pay cash or deliver Paired Equity to limited partners of Patriot OP or OPCO OP who exercise their right to redeem operating partnership units under the partnership agreements of such operating partnerships.

  • For purposes hereof, the term "Independent Contractor Issue" shall mean a conclusion by the IRS that rental income received by Patriot OP from BMOC and/or BMOC OP with respect to real estate owned or leased by Patriot OP (the "Owned Real Estate") will constitute "rents from real property," as such term is defined in Section 856(d) of the Code, even though a subsidiary of Patriot OP provides services to BMOC and/or BMOC OP with respect to the Owned Real Estate pursuant to management contracts.

  • This Agreement may not be assigned by either party without prior written consent of the other party; provided, however, that Patriot OP may -------- ------- assign its rights and obligations hereunder to an affiliate of Patriot OP, provided that (i) such affiliate agrees to be bound hereby, (ii) Patriot OP remains liable hereunder, and (iii) such assignment does not adversely effect the Transactions from the perspective of the other parties.

  • Patriot OP may, without such consent, (i) assign its rights hereunder to any lender as collateral security and/or (ii) assign its rights and obligations hereunder to BMOC or an Affiliate of either of them, but no such assignment shall relieve Patriot OP of its obligations and liabilities hereunder.

  • The form of the Patriot OP Restatement that will be effective if the Patriot OP Consent Package is not approved is set forth in Exhibit E-2 to the Securities Purchase Agreement.

  • The Patriot OP Offer will be subject to there being no more than 1.7 million Patriot OP Units outstanding and held by persons other than PAH LP, Inc.

  • The obligation of Patriot OP -------------------------------------- to consummate the transactions contemplated hereunder shall be subject to the satisfaction or waiver, in writing, by Patriot OP, on or prior to the Closing Date, of each of the conditions set forth below.

  • The Crow Family Entities agree not to offer or market the --------- Properties for sale during the term of this Agreement or negotiate for or seek any offer to purchase the Properties with any Person other than Patriot OP and its Affiliates other than Rejected Properties and other than Properties marketed and offered in accordance with Article III.

  • Each Crow Family Entity hereby agrees, with ------------------ respect to the Final Property owned by such Crow Family Entity, to sell and transfer such Property to Patriot OP and, with respect to any portion of such Property that Patriot OP may designate, to any Person that Patriot OP so designates, on the Closing Date pursuant to the applicable Final Purchase and Sale Agreement and the terms and conditions contained in this Agreement.

  • Patriot OP and the Crow Family Entities desire to make certain representations, warranties and agreements in connection with this Agreement.

Related to Patriot OP

  • USA means the United States of America.

  • Patriot Act means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56, signed into law October 26, 2001.

  • USA PATRIOT Act means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001.

  • U.S. Patriot Act means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)), as amended.

  • Asset Management Agreement means, as the context requires, any agreement entered into between a Series and an Asset Manager pursuant to which such Asset Manager is appointed as manager of the relevant Series Assets, as amended from time to time.

  • Patriot Act Offense means any violation of the criminal laws of the United States of America or of any of the several states, or that would be a criminal violation if committed within the jurisdiction of the United States of America or any of the several states, relating to terrorism or the laundering of monetary instruments, including any offense under (a) the criminal laws against terrorism; (b) the criminal laws against money laundering, (c) the Bank Secrecy Act, as amended, (d) the Money Laundering Control Act of 1986, as amended, or the (e) Patriot Act. “Patriot Act Offense” also includes the crimes of conspiracy to commit, or aiding and abetting another to commit, a Patriot Act Offense. For purposes hereof, the term “Government Lists” means (i) the Specially Designated Nationals and Blocked Persons Lists maintained by Office of Foreign Assets Control (“OFAC”), (ii) any other list of terrorists, terrorist organizations or narcotics traffickers maintained pursuant to any of the Rules and Regulations of OFAC that Lender notified Borrower in writing is now included in “Governmental Lists”, or (iii) any similar lists maintained by the United States Department of State, the United States Department of Commerce or any other government authority or pursuant to any Executive Order of the President of the United States of America that Lender notified Borrower in writing is now included in “Governmental Lists”.

  • Asset management means a systematic process of operating and maintaining the state system of

  • Investor Representative has the meaning assigned to such term in Section 2.1(a).

  • Morgan Stanley Broker means a broker-dealer affiliated with Morgan Stanley.

  • Asset Management Fee shall have the meaning set forth in Section 8.02.

  • CLO Asset Manager means, with respect to any Securitization Vehicle that is a CLO, the entity that is responsible for managing or administering the underlying assets of such Securitization Vehicle or, if applicable, the assets of any Intervening Trust Vehicle (including, without limitation, the right to exercise any consent and control rights available to the Directing Holder).

  • Collateral Management Agreement The agreement dated as of the Closing Date, between the Issuer and the Collateral Manager relating to the management of the Collateral Obligations and the other Assets by the Collateral Manager on behalf of the Issuer, as amended from time to time in accordance with the terms thereof.

  • Agency Representative A person assigned by a primary, assisting, or cooperating federal, state, local, or tribal government agency or private entity that has been delegated authority to make decisions affecting that agency’s or organization’s participation in incident management activities following appropriate consultation with the leadership of that agency. Area: The lands in a described geographic area that are managed and/or protected by the Parties within this Agreement.

  • Investment adviser representative means an individual employed by or associated with an investment adviser or federal covered investment adviser and who makes any recommendations or otherwise gives investment advice regarding securities, manages accounts or portfolios of clients, determines which recommendation or advice regarding securities should be given, provides investment advice or holds herself or himself out as providing investment advice, receives compensation to solicit, offer, or negotiate for the sale of or for selling investment advice, or supervises employees who perform any of the foregoing. The term does not include an individual who:

  • Operating Partnership has the meaning set forth in the preamble.

  • GS shall have the meaning assigned to such term in the preamble to this Agreement.

  • FTI means FTI Consulting Canada Inc.;

  • Advisory Group has the meaning set forth in Section 9.14(c).

  • Existing Management Agreement means that certain management agreement between the Seller and the Existing Manager for the operation and management of the Hotel.

  • Asset Manager means the manager of each of the Series Assets as specified in each Series Designation or, its permitted successors or assigns, appointed in accordance with Section 5.10.

  • TPG has the meaning set forth in the preamble.

  • Advisory representative means any Supervised Person, who in connection with his or her regular functions or duties, normally makes, participates in, or otherwise obtains current information regarding the Purchase or Sale of a Security by the Firm, or whose functions relate to the making of any recommendations with respect to such purchases or sales, and any natural Person in a Control relationship to the Firm who obtains information concerning recommendations made concerning a Purchase or Sale of a Security. This definition includes but is not limited to the following: partner, officer, Manager, investment person, Portfolio Manager and any other Supervised Person of the Firm designated as an “Advisory Representative” from time to time by the Review Officer.