Permitted State definition

Permitted State means each of Arizona, Nevada, California, New Mexico, Texas, Florida, Georgia, Virginia, North Carolina, Colorado, Oklahoma, South Carolina and Tennessee and such other states as may be approved by the Program Agent in writing from time to time (such approval not to be unreasonably withheld).
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Permitted State means (i) Virginia and (ii) any other state selected by XxXxxx that satisfies the Rating Agency Condition.
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Permitted State with respect to the state in question.
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Examples of Permitted State in a sentence

  • The Purchaser is duly qualified to do business and is in good standing (or is exempt from such requirement) in any state required in order to conduct its business, and has obtained all necessary licenses and approvals with respect to the Purchaser required under Federal and Pennsylvania law (including any necessary licenses required under the Licensing Laws of each Permitted State).

  • The Purchaser is duly qualified to do business and is in good standing (or is exempt from such requirement) in any state required in order to conduct its business, and has obtained all necessary licenses and approvals with respect to the Purchaser required under Federal and Delaware law (including any necessary licenses required under the Licensing Laws of each Permitted State).

  • The Back-up Servicer is qualified to do business as a foreign corporation in good standing in any state where the conduct of its business (including the servicing of insurance premium finance contracts in the Permitted States) would require such qualification and has obtained all licenses and approvals (including any licensing or approvals under the Licensing Laws of a Permitted State) necessary in order to service the Receivables as required under Federal, state or local law.

  • Transferor is duly qualified to do business and is in good standing (or is exempt from such requirement) in any state required in order to conduct its business, and has obtained all necessary licenses and approvals with respect to Transferor required under Federal and Pennsylvania law (including any necessary licenses required under the Licensing Laws of each Permitted State).

  • The Seller is duly qualified to do business and is in good standing (or is exempt from such requirement) in any state required in order to conduct its business, and has obtained all necessary licenses and approvals with respect to the Seller required under Federal and Pennsylvania law (including any necessary licenses required under the Licensing Laws of each Permitted State).

  • Trustee shall at all times be licensed or be exempt from licensing under the Licensing Laws of each Permitted State.

  • Such Servicer or Successor Servicer, as applicable, is qualified to do business as a foreign corporation in good standing in any state where the conduct of its business (including the servicing of the Receivables as required by this Agreement) would require such qualification and has obtained all licenses and approvals (including any licenses or approvals under the Licensing Laws of a Permitted State) necessary in order to service the Receivables as required under Federal, state or local law.

  • If the Back-up Servicer shall be required by any Requirement of Law (including any Licensing Law of a Permitted State) to so qualify or register or obtain such license or approval, then it shall do so as soon as possible.

  • If after the Initial Closing Date either such Servicer or Successor Servicer, as applicable, shall be required by any Requirement of Law (including any Licensing Law of a Permitted State) to so qualify or register or obtain such license or approval, then it shall do so as soon as possible.

  • Seller holds all federal, state and other licenses, authorizations, approvals, orders and contracts, as are reasonably necessary to Seller's performance of its obligations under this Agreement in compliance with applicable law and secondary market requirements and is duly organized, validly existing, and in good standing under the laws of the United States, and any applicable Permitted State.


More Definitions of Permitted State

Permitted State. “Rating Reaffirmation Dates” and “Reserve Percentage”, “Securitization Transaction” set forth in Section 1.01 of the Loan and Servicing Agreement are hereby amended and restated as follows:
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Permitted State means (i) Virginia and (ii) any other state selected by OnDeck that satisfies the Rating Agency Condition.
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Permitted State means any state or commonwealth of the United States of America or the District of Columbia which is designated in a Purchase Agreement as an acceptable jurisdiction in which a Loan may be originated and where the Property for the Loan may be situated.
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Permitted State means as of any date of determination any state with respect to which each of the Originators, Transferor, Servicer, Trustee and the Trust has either complied with such state's Licensing Laws or is not required to be licensed under such Licensing Laws, in each case as evidenced by either (i) an Opinion of Counsel or (ii) written correspondence from the applicable state authority and a related Permitted State Officer's Certificate, which the Trustee may conclusively rely on. On the Initial Closing Date the Permitted States shall be the states listed on Schedule II.
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Permitted State means as of any date of determination any state with respect to which each of the Originators, Transferor, Servicer, Trustee and the Trust has either complied with such state's Licensing Laws or is not required to be licensed under such Licensing Laws, in each case as evidenced by either (i) an Opinion of Counsel or (ii) written correspondence from the applicable state authority and a related Permitted State Officer's Certificate, which the Trustee may conclusively rely on. On the Initial Closing Date the Permitted States shall include the states listed on Exhibit ___.
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Related to Permitted State

  • Permitted Disposition means any of the following:

  • Permitted Dispositions means each of the following:

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).

  • Permitted License means any non-exclusive license of patent rights of Borrower or its Subsidiaries so long as all such Permitted Licenses are granted to third parties in the Ordinary Course of Business, do not result in a legal transfer of title to the licensed property, and have been granted in exchange for fair consideration.

  • Excluded Personal Property has the meaning set forth in Section 2.2(c).

  • Excluded Equipment means, at any date, any equipment or other assets of the Borrower or any Guarantor which is subject to, or secured by, a Capitalized Lease Obligation or a purchase money obligation if and to the extent that (i) a restriction in favor of a Person who is not Holdings or any Restricted Subsidiary of Holdings contained in the agreements or documents granting or governing such Capitalized Lease Obligation or purchase money obligation prohibits, or requires any consent or establishes any other conditions for or would result in the termination of such agreement or document because of an assignment thereof, or a grant of a security interest therein, by the Borrower or any Guarantor and (ii) such restriction relates only to the asset or assets acquired by the Borrower or any Guarantor with the proceeds of such Capitalized Lease Obligation or purchase money obligation and attachments thereto, improvements thereof or substitutions therefor; provided that all proceeds paid or payable to any of the Borrower or any Guarantor from any sale, transfer or assignment or other voluntary or involuntary disposition of such assets and all rights to receive such proceeds shall be included in the Collateral to the extent not otherwise required to be paid to the holder of any Capitalized Lease Obligations or purchase money obligations secured by such assets.

  • Excluded Domestic Subsidiary means any Domestic Subsidiary that is (a) a direct or indirect Subsidiary of an Excluded Foreign Subsidiary or (b) an Excluded Domestic Holdco.

  • Satisfied all applicable land division laws means the parcel or lot was created:

  • Excluded Equity means any Voting Stock in excess of 66% of the total outstanding Voting Stock of any direct Subsidiary of any Grantor that is a Non-U.S. Person. For the purposes of this definition, “Voting Stock” means, as to any issuer, the issued and outstanding shares of each class of capital stock or other ownership interests of such issuer entitled to vote (within the meaning of Treasury Regulations § 1.956-2(c)(2)).

  • Permitted Affiliate means with respect to any Person (a) any Person that directly or indirectly controls such Person, and (b) any Person which is controlled by or is under common control with such controlling Person. As used in this definition, the term “control” of a Person means the possession, directly or indirectly, of the power to vote eighty percent (80%) or more of any class of voting securities of such Person or to direct or cause the direction of the management or policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

  • permitted client means any of the following:

  • Permitted Licenses are (A) licenses of over-the-counter software that is commercially available to the public, and (B) non-exclusive and exclusive licenses for the use of the Intellectual Property of Borrower or any of its Subsidiaries entered into in the ordinary course of business, provided, that, with respect to each such license described in clause (B), (i) no Event of Default has occurred or is continuing at the time of such license; (ii) the license constitutes an arms-length transaction, the terms of which, on their face, do not provide for a sale or assignment of any Intellectual Property and do not restrict the ability of Borrower or any of its Subsidiaries, as applicable, to pledge, grant a security interest in or lien on, or assign or otherwise Transfer any Intellectual Property; (iii) in the case of any exclusive license, (x) Borrower delivers ten (10) days’ prior written notice and a brief summary of the terms of the proposed license to Collateral Agent and the Lenders and delivers to Collateral Agent and the Lenders copies of the final executed licensing documents in connection with the exclusive license promptly upon consummation thereof, and (y) any such license could not result in a legal transfer of title of the licensed property but may be exclusive in respects other than territory and may be exclusive as to territory only as to discrete geographical areas outside of the United States; and (iv) all upfront payments, royalties, milestone payments or other proceeds arising from the licensing agreement that are payable to Borrower or any of its Subsidiaries are paid to a Deposit Account that is governed by a Control Agreement.

  • Permitted Disposal means any sale, lease, licence, transfer or other disposal which, except in the case of Disposals as between members of the Group, is on arm’s length terms:

  • Permitted Asset Sale means any Asset Sale that is permitted under Section 6.8.

  • Qualified Assets means any of the following assets: (i) interests, rights, options, warrants or convertible or exchangeable securities of the Partnership; (ii) Debt issued by the Partnership or any Subsidiary thereof in connection with the incurrence of Funding Debt; (iii) equity interests in Qualified REIT Subsidiaries and limited liability companies (or other entities disregarded from their sole owner for U.S. federal income tax purposes, including wholly owned grantor trusts) whose assets consist solely of Qualified Assets; (iv) up to a one percent (1%) equity interest in any partnership or limited liability company at least ninety-nine percent (99%) of the equity of which is owned, directly or indirectly, by the Partnership; (v) cash held for payment of administrative expenses or pending distribution to security holders of the General Partner or any wholly owned Subsidiary thereof or pending contribution to the Partnership; and (vi) other tangible and intangible assets that, taken as a whole, are de minimis in relation to the net assets of the Partnership and its Subsidiaries.

  • Permitted Sale means those sales, transfers or assignments permitted by the Credit Agreement.

  • Qualified disposition means, subject to subparagraphs (iii) and (iv), a disposition after which both subparagraphs (i) and (ii) apply to the subject property:

  • Specified Disposition means any disposition of all or substantially all of the assets or Capital Stock of any Subsidiary of the Borrower or any division, business unit, product line or line of business.

  • Permitted Country means any country listed on Schedule 4 to the Participation Agreement.

  • Excluded Intellectual Property means any Intellectual Property (including Software, but excluding Trademarks), owned by Seller and its Affiliates as of the date hereof that is not Acquired IP.

  • Qualified airport authority means an airport authority

  • Permitted Investor means collectively, Energy Capital Partners III, LP, Energy Capital Partners III-A, LP, Energy Capital Partners III-B, LP, Energy Capital Partners III-C, LP and Energy Capital Partners-D, LP, Quantum Strategic Partners, and each of their Permitted Transferees (as defined in the Investors Agreement, dated as of March 29, 2018, by and among the Parent and the other signatories thereto).

  • Excluded Party has the meaning set forth in Section 7.4(b).

  • Related Entity Disposition means the sale, distribution or other disposition by the Company, a Parent or a Subsidiary of all or substantially all of the interests of the Company, a Parent or a Subsidiary in any Related Entity effected by a sale, merger or consolidation or other transaction involving that Related Entity or the sale of all or substantially all of the assets of that Related Entity, other than any Related Entity Disposition to the Company, a Parent or a Subsidiary.

  • Excluded Inventory shall have the meaning set forth in Section 2.4.

  • Domestic use means that portion of metered water service, electricity, electrical current, natural, artificial or propane gas, wood, coal or home heating oil, and in any city not within a county, metered or unmetered water service, which an individual occupant of a residential premises uses for nonbusiness, noncommercial or nonindustrial purposes. Utility service through a single or master meter for residential apartments or condominiums, including service for common areas and facilities and vacant units, shall be deemed to be for domestic use. Each seller shall establish and maintain a system whereby individual purchases are determined as exempt or nonexempt;