Real Estate Entity definition
Examples of Real Estate Entity in a sentence
The Credit Agreement defines a "Real Estate Entity" as any limited partnership, limited liability company, corporation or other entity which has as its principal business the ownership of real property or debt secured by real property.
IPLP's obligations under the Facility have been guaranteed by IPT and such guaranty is secured by a first priority pledge of and security interest in the capital stock or other equity interests held by IPT in each of the subsidiaries of IPT which directly or indirectly, owns or controls the general partner interest (including an interest in the General Partner) in any Real Estate Entity (as defined below) in which IPLP, directly or indirectly owns a limited partner interest (including the Partnership).
IPLP's obligations under the Facility have been guaranteed by IPT and such guaranty is secured by a first priority pledge of and security interest in the capital stock or other equity interests held by IPT in each of the subsidiaries of IPT which directly or indirectly owns or controls the general partner interest (including an interest in the General Partner) in any Real Estate Entity (as defined below) in which IPLP directly or indirectly owns a limited partner interest (including the Partnership).
The term “consolidated basis” as used in the foregoing financial covenants shall not include any Family Real Estate Entity.
Landlord is a licensed Real Estate Entity in the State of Colorado.