Permitted Lender definition

Permitted Lender means any affiliate of the Original Purchaser or any bank, trust company, savings institution, insurance company or qualified institutional buyer under Rule 144A promulgated under the Securities Act of 1933.

Permitted Lender means any affiliate of the Original Lender or any bank, trust company, savings institution, insurance company or qualified institutional buyer under Rule 144A promulgated under the Securities Act of 1933 that is engaged as a regular part of its business in purchasing bonds or obligations similar to the Series 2019 Note.

Permitted Lender means each Permitted Mortgage Lender and each Permitted Mezzanine Lender, or any one thereof. For the avoidance of doubt, a holder of indebtedness that is secured by any Financing Transaction, but that is not a Permitted Mortgage Lender because it is not a party to a Financing Transaction (i.e., the holder of some or all of the indebtedness that is secured by a Permitted Lease Encumbrance in favor of an agent that holds collateral as security for such indebtedness) need not be approved by Landlord, and may assign or transfer such indebtedness without Landlord’s consent or approval, but shall not be a Prohibited Person.

Examples of Permitted Lender in a sentence

• Any purported transfer in violation of this Lease, except in the case of a transfer to Heirs or a Permitted Lender in lieu of foreclosure, shall be void and of no force or effect.

• CLT and the Permitted Lender shall be entitled to participate in the settlement or adjustment of any losses covered by such policies of insurance.

• If the owed moneys are not paid to CLT within such thirty (30) day period, CLT may terminate this Lease (this shall be a “Transfer Event”); provided, however, if the Lessee (or the Permitted Lender on Lessee’s behalf) makes a partial payment of at least two-thirds (2/3) of all moneys owed, the Lessee shall have one (1) additional thirty (30) day cure period, commencing from the date that CLT receives the partial payment.

• All policies shall contain endorsements providing that they shall not be canceled, reduced in amount or coverage, or otherwise modified by the insurer without less than thirty (30) days prior written notice to CLT and the Permitted Lender.

• If either party fails to perform any provision of this Lease, the non-defaulting party shall give written notice of such to the defaulting party and the Permitted Lender, if applicable, and the defaulting party (or the Permitted Lender on Lessee’s behalf, if applicable) shall have thirty (30) days after notice has been given to cure such default.

More Definitions of Permitted Lender

Permitted Lender means any bank or institutional investor, any other Person that qualifies as a "qualified institutional buyer" pursuant to Rule 144A under the Securities Act, any purchaser of Indebtedness pursuant to Regulation S under the Securities Act and any purchaser of Indebtedness that is registered under the Securities Act.

Permitted Lender or “Permitted Mortgagee” shall mean the holder of the Permitted Mortgage who has the rights stated in Exhibit E: Permitted Mortgage.

Permitted Lender means any affiliate of the Bank or any bank, trust company, savings institution, insurance company or qualified institutional buyer under Rule 144A promulgated

Permitted Lender means (a) a Marriott Entity or (b) any Institutional Lender.

Permitted Lender means a commercial or investment bank that, as of the time of determination, has a senior, non-credit enhanced long-term indebtedness rating of at least BBB+ or Baa1 from Standard & Poor’s Financial Services LLP or Xxxxx’x Investor Services, respectively.

Permitted Lender means either (i) a single lender which has extended loans (including refinancing loans) to NFR Purchaser or its Affiliates secured by a mortgage lien and security interests on or in any portion of the NFR Property, or (ii) a single administrative agent acting for one or more lenders which have extended loans (including refinancing loans) to NFR Purchaser or its Affiliates secured by a mortgage lien and security interests on or in any portion of the NFR Property.

Permitted Lender means the holder of any Security Financing Interest authorized by this Agreement and identified in the Project Budget or Financing Plan.