PK Domestic LLC definition

PK Domestic LLC means PK Domestic Property LLC, a Delaware limited liability company, formerly known as Hilton Domestic Property LLC, which is wholly owned by the Company (except for the Acceptable Preferred Equity Interests of PK Domestic REIT upon their issuance).
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PK Domestic LLC means PK Domestic Property LLC, and its permitted successors and assigns.
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PK Domestic LLC has the meaning given to that term in the introductory paragraph hereof. “PK Domestic REIT” means PK Domestic REIT Inc., a Delaware corporation wholly owned by the Parent (except for the Acceptable Preferred Equity Interests). “Plan” means at any time an employee pension benefit plan (other than a Multiemployer Plan) which is covered by Title IV of ERISA or subject to the minimum funding standards under Section 412 of the Internal Revenue Code and either (a) is maintained, or contributed to, by any member of the ERISA Group or with respect to which any member of the ERISA Group has outstanding liability or (b) has at any time within the preceding six years been maintained, or contributed to, by any Person which was at such time a member of the ERISA Group. “Post-Default Rate” means, (a) in respect of any principal of any Loan or any Reimbursement Obligation that is not paid when due, the rate otherwise applicable plus an additional two percent (2%) per annum and (b) with respect to any other Obligation that is not paid when due (whether at stated maturity, by acceleration, by mandatory prepayment or otherwise) a rate per annum equal to the Base Rate as in effect from time to time plus the Applicable Margin for Revolving Loans that are Base Rate Loans plus two percent (2%). “Preferred Dividends” means, for any period and without duplication, all Restricted Payments paid during such period on Preferred Equity Interests issued by the Parent, the Company or any of their Subsidiaries. Preferred Dividends shall not include dividends or distributions (a) paid or payable solely in Equity Interests (other than Mandatorily Redeemable Stock) payable to holders of such class of Equity Interests, (b) paid or payable to the Parent, the Company or any of their Subsidiaries, or (c) constituting or resulting in the redemption of Preferred Equity Interests, other than scheduled redemptions not constituting balloon, bullet or similar redemptions in full.
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Examples of PK Domestic LLC in a sentence

  • Notwithstanding the foregoing, PK Domestic LLC may merge, consolidate or amalgamate with or into or sell, assign, transfer, lease, convey or otherwise dispose of all or part of its properties and assets to the Company or any Restricted Subsidiary that is a Subsidiary Guarantor.

  • The Notes are the secured obligations of PK Domestic LLC with respect to the Collateral and the unsecured obligations of the Issuers (other than PK Domestic LLC).

  • PK Domestic LLC and each Subsidiary Borrower hereby appoints and designates the Company as the Borrower Representative and the Company hereby accepts such appointment and designation.

  • Each of the Parent, PK Domestic LLC and the Company has the right and power, and has taken all necessary action to authorize such Loan Party, to execute and deliver this Amendment and to perform its obligations hereunder and under the Amended Credit Agreement in accordance with their respective terms.

  • Each of the Parent, PK Domestic LLC and the Company has the right and power, and has taken all necessary action to authorize such Loan Party, to execute and deliver this Amendment and to perform its obligations hereunder and under the Amended Loan Agreement in accordance with their respective terms.

  • Without limiting the joint and several obligations of the Borrowers, PK Domestic LLC will be the direct Borrower of the Loans made on the Funding Date.

  • PARK INTERMEDIATE HOLDINGS LLC, a Delaware limited liability company (the “Company”), PK DOMESTIC PROPERTY LLC, a Delaware limited liability company (“PK Domestic LLC”) and PK FINANCE CO-ISSUER INC., a Delaware corporation (the “Corporate Co-Issuer,” and, together with the Company and PK Domestic LLC, the “Issuers”), jointly and severally promise to pay or cause to be paid interest on the principal amount of this Note at 7.500% per annum from until maturity.

  • PARK INTERMEDIATE HOLDINGS LLC, a Delaware limited liability company (the “Company”), PK DOMESTIC PROPERTY LLC, a Delaware limited liability company (“PK Domestic LLC”) and PK FINANCE CO-ISSUER INC., a Delaware corporation (the “Corporate Co-Issuer,” and, together with the Company and PK Domestic LLC, the “Issuers”), jointly and severally promise to pay or cause to be paid interest on the principal amount of this Note at 4.875% per annum from until maturity.

  • PARK INTERMEDIATE HOLDINGS LLC, a Delaware limited liability company (the “Company”), PK DOMESTIC PROPERTY LLC, a Delaware limited liability company (“PK Domestic LLC”) and PK FINANCE CO-ISSUER INC., a Delaware corporation (the “Corporate Co-Issuer,” and, together with the Company and PK Domestic LLC, the “Issuers”), jointly and severally promise to pay or cause to be paid interest on the principal amount of this Note at 5.875% per annum from ___________ until maturity.


More Definitions of PK Domestic LLC

PK Domestic LLC has the meaning given to that term in the introductory paragraph hereof.
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Related to PK Domestic LLC

  • Inverted domestic corporation means a foreign incorporated entity that meets the definition of an inverted domestic corporation under 6 U.S.C. 395(b), applied in accordance with the rules and definitions of 6 U.S.C. 395(c).

  • Wholly Owned Domestic Subsidiary means, as to any Person, any Wholly-Owned Subsidiary of such Person which is a Domestic Subsidiary of such person.

  • 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.

  • Designated domestic violence agency means a county-wide organization with a primary purpose to provide services to victims of domestic violence, and which provides services that conform to the core domestic violence services profile as defined by the Division of Child Protection and Permanency in the Department of Children and Families and is under contract with the division for the express purpose of providing the services.

  • Material Domestic Subsidiary means any Domestic Subsidiary that is a Material Subsidiary.

  • Foreign limited liability limited partnership means a foreign limited partnership whose general partners have limited liability for the obligations of the foreign limited partnership under a provision similar to section 488.404, subsection 3.

  • Certified Domestic Violence Specialist means a person who has fulfilled the requirements of certification as a Domestic Violence Specialist established by the New Jersey Association of Domestic Violence Professionals.

  • Qualified Domestic Relations Order means any judgment, decree, or order, including approval of a property settlement agreement, that:

  • Immaterial Domestic Subsidiary means any Domestic Subsidiary of the Borrower that is not a Material Domestic Subsidiary.

  • 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;

  • Foreign limited partnership means a partnership formed under laws other than of this state and having as partners one or more general partners and one or more limited partners.

  • Significant Domestic Subsidiary means any Domestic Subsidiary that is a Significant Subsidiary.

  • Domestic organization means an organization created under the laws of this state.

  • Foreign limited liability company means an unincorporated entity formed under the law of a jurisdiction other than this state and denominated by that law as a limited liability company.

  • Victim of domestic violence means a person protected under this act and shall include any person who is 18 years of age or older or who is an emancipated minor and who has been subjected to domestic violence by a spouse, former spouse, or any other person who is a present or former household member. "Victim of domestic violence" also includes any person, regardless of age, who has been subjected to domestic violence by a person with whom the victim has a child in common, or with whom the victim anticipates having a child in common, if one of the parties is pregnant. "Victim of domestic violence" also includes any person who has been subjected to domestic violence by a person with whom the victim has had a dating relationship.

  • Domestic Corporation means an entity that is treated as a corporation for United States federal income tax purposes and is a U.S. Tax Person.