Prohibited Parties List definition
Examples of Prohibited Parties List in a sentence
To the best of Borrower’s knowledge, after due inquiry and investigation, none of (a) Borrower, (b) any Borrower Principal, (c) any Person with a collective equity interest (whether direct or indirect) in Borrower of 25% or more, or (d) any Non-U.S. Equity Holder, is presently listed or at any time has been listed on any Prohibited Parties List.
Borrower will confirm at the time of entering into or renewing any property management agreement that each Property Manager is not on any Prohibited Parties List.
As of the Effective Date, Borrower has confirmed that each Property Manager is not on any Prohibited Parties List.
Equity Holder and no other person with a direct or indirect interest in Borrower equal to or greater than 25%, is on any Prohibited Parties List.
Borrower will confirm at the time of entering into or renewing any property management agreement that Property Manager is not on any Prohibited Parties List.
No party to this Agreement shall transfer any of its rights under this Agreement to a person who is, or any of whose Principals or directors are, on the Prohibited Parties List.