Examples of Private Owner in a sentence
Any such release shall be pursuant to applicable instructions and documentation satisfactory to, and executed by (or with the written consent of), both of the Initial Member and the Private Owner (and prepared at the sole cost and expense of the Private Owner).
The Private Owner Pledged Account (and all funds therein) shall be subject to the security interest granted for the benefit of the Initial Member pursuant to the LLC Operating Agreement, this Agreement and the Private Owner Account Control Agreement.
The Private Owner shall pay any fees and expenses in connection with the Private Owner Pledged Account.
Subject to the provisions of Section 9.1(c), the Bank may at any time resign and terminate its obligations as Custodian and Paying Agent under this Agreement upon at least sixty (60) days’ prior written notice to the Company, the Initial Member, the Private Owner, the Purchase Money Notes Guarantor and the Collateral Agent.
Subject to the terms and conditions of this Agreement, the Company, the Initial Member and the Private Owner hereby appoint the Bank to perform the duties of Paying Agent specifically set forth hereunder, and the Bank hereby accepts such appointment.