Real Estate Borrower definition

Real Estate Borrower means, collectively, Valley Health Holdings, LLC, Sky Holdings AZ LLC, Terrace Holdings AZ LLC, Ensign Highland LLC, Plaza Health Holdings LLC, Rillito Holdings LLC, Mountainview Community Care LLC and Meadowbrook Health Associates LLC, Cedar Avenue Holdings LLC and Granada Investments LLC, as borrowers under the Real Estate Loan Agreement.

Real Estate Borrower or "Real Estate Borrowers" has the meaning assigned to such term in the preamble hereto.

Real Estate Borrower means, collectively, Sky Holdings AZ LLC, Terrace Holdings AZ LLC, Ensign Highland LLC and Valley Health Holdings LLC, as mortgage borrowers under that certain Amended and Restated Loan Agreement dated as of December , 2004, as amended, among such mortgage borrowers and Lender.

Examples of Real Estate Borrower in a sentence

• Promptly after payment of real estate taxes, other taxes, assessments and other governmental charges against the Real Estate, Borrower will provide evidence of such payments to the Agent, in the form of receipted tax bills or other form reasonably acceptable to the Agent.

• If any Substances and/or animal wastes shall be brought upon the Real Estate, Borrower shall, or shall cause its Subsidiaries to, maintain and/or remove them in substantial accordance with all applicable laws.

• Except for the contracts described in Schedule II of the Collateral Assignment of Contracts and Plans and Other Agreements Affecting Real Estate, Borrower has not entered into any contracts or agreements with third parties (either written or oral) providing for the furnishing of labor or materials to be used in the construction or installation of the Improvements and will enter into no such contracts or agreements, except in such form and upon such terms as shall be approved in writing by Lender.

• In response to the presence of any Hazardous Materials on, under or about Borrower’s real property (including but not limited to the Real Estate), Borrower shall promptly take, at Borrower’s sole expense, all remedial action required by any Hazardous Materials Laws or any judgment, consent decree, settlement or compromise in respect to any Hazardous Materials Claims.

• Promptly upon acquiring any Real Estate, Borrower shall execute and deliver to Agent a mortgage with respect to such Real Estate in form and substance satisfactory to Agent, subject only to Permitted Liens.

More Definitions of Real Estate Borrower

Real Estate Borrower shall not include Nevada Park, Republic Park or any of the other Missouri Borrowers, and shall be construed for all purposes in the Loan Agreement and all other Loan Documents to include only the Remaining Borrowers.

Real Estate Borrower means, collectively, W-D Properties and any other Person that at any time after the date hereof becomes a Real Estate Borrower, together with its successors and assigns, including any trustee or other fiduciary hereafter appointed as legal representative on behalf of such Person or on behalf of any such successor or assign.

Real Estate Borrower means collectively ESA P Portfolio L.L.C. and ESH/TN Properties L.L.C., each a Delaware limited liability company, together with their respective successors and permitted assigns.

Real Estate Borrower or "Real Estate Borrowers" has the meaning assigned to such term in the preamble hereto. "Receivables" has the meaning assigned to such term in the Security Agreement. "Recipient" means, as applicable, (a) the Administrative Agent, (b) any Lender and (c) any Issuing Bank, or any combination thereof (as the context requires). "Reference Time" with respect to any setting of the then-current Benchmark means (1) if such Benchmark is the Term SOFR Rate or the REVSOFR30 Rate, 5:00 a.m. (Chicago time) on the day that is two (2) Business Days preceding the date of such setting, (2) if such Benchmark is Daily Simple SOFR, then four (4) Business Days prior to such setting or (3) if such Benchmark is none of the Term SOFR Rate, the REVSOFR30 Rate or Daily Simple SOFR, the time determined by the Administrative Agent in its reasonable discretion.

Real Estate Borrower or "Real Estate Borrowers" has the meaning assigned to such term in the preamble hereto. "Receivables" has the meaning assigned to such term in the Security Agreement. "Recipient" means, as applicable, (a) the Administrative Agent, (b) any Lender and (c) any Issuing Bank, or any combination thereof (as the context requires). "Reference Time" with respect to any setting of the then-current Benchmark means (1) if such Benchmark is the Term SOFR Rate or the REVSOFR30 Rate, 5:00 a.m. (Chicago time) on the day that is two (2) Business Days preceding the date of such setting, (2) if such Benchmark is Daily Simple SOFR, then four (4) Business Days prior to such setting or (3) if such Benchmark is none of the Term SOFR Rate, the REVSOFR30 Rate or Daily Simple SOFR, the time determined by the Administrative Agent in its reasonable discretion. "Refinance Indebtedness" has the meaning assigned to such term in Section 6.01(f). "Register" has the meaning assigned to such term in Section 9.04(b). "Regulation D" means Regulation D of the Federal Reserve Board, as in effect from time to time and all official rulings and interpretations thereunder or thereof. "Regulation T" means Regulation T of the Federal Reserve Board, as in effect from time to time and all official rulings and interpretations thereunder or thereof.

Real Estate Borrower means the person or persons executing and delivering the Real Estate Note and Mortgage. “Real Estate Loan Collateral” shall have the meaning given to it in Section 8.01 hereof. “Real Estate Note” shall mean an original promissory note evidencing an Eligible 1st Mortgage Loan or an Eligible 2nd Mortgage Loan. “Request for Line of Credit Advance” shall have the meaning given to it in Section 2.01(c) hereof. “Responsible Officer” shall mean with respect to the Borrower any of the president, the chief executive officer, the chief operating officer, the chief financial officer, the controller, the treasurer, secretary or a vice president or a manager or managing member or a general partner or managing general partner of the Borrower or such other representative of the Borrower as may be designated in writing by any one of the foregoing with the consent of Bank; and, with respect to the financial covenants only, the chief

Real Estate Borrower. Accounts Receivable Borrower" and "Accounts Receivable Facility" in the Loan Agreement shall not apply, nor refer to, nor be construed to include or refer to Nevada Park, Republic Park or any of the other Missouri Borrowers or the other Missouri Facilities, and such terms, conditions, agreements, promises, covenants and references shall only apply to the Remaining Borrowers. In addition, the terms "Skilled Nursing Facility Borrower" and Skilled Nursing Borrower" shall be deleted and all provisions with respect thereto shall be disregarded and no longer have effect under the Loan Agreement.