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).
These entities, for the periods in which the reference applies, are referred to collectively as the “Unconsolidated Real Estate Entities”, eliminating intra-entity profits and losses and amortizing any differences between the cost of our investment and the underlying equity in net assets against equity in earnings as if the Unconsolidated Real Estate Entity were a consolidated subsidiary.
These entities, for the periods in which the reference applies, are referred to collectively as the “Unconsolidated Real Estate Entities,” eliminating intra-entity profits and losses and amortizing any differences between the cost of our investment and the underlying equity in net assets against equity in earnings as if the Unconsolidated Real Estate Entity were a consolidated subsidiary.
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).
When we obtain control of an Unconsolidated Real Estate Entity, we commence consolidating the entity and record a gain representing the differential between the book value and fair value of our preexisting equity interest.
The Holders of the Class 5 Interests will retain their membership interests, but will waive or cause to be waived any distribution on account of, and forgive any and all pre-petition Intercompany Claims and prepetition Claims held by the Real Estate Entity against the Debtor.
Pursuant to the MidCap Manchester Realty Credit Agreement, MidCap agreed to provide the Real Estate Entity with a term loan in the maximum principal amount of $10,500,000.00.
The term “consolidated basis” as used in the foregoing financial covenants shall not include any Family Real Estate Entity.
The existing lease from the Real Estate Entity to the Reorganized Debtor will be modified to provide for payments that will correspond to the payments required under the restructured mortgage to the Real Estate Entity.