Real Estate SPE definition
Examples of Real Estate SPE in a sentence
If the Company and the RE Investor determine that new Real Estate SPEs should be formed, the Company shall form such Real Estate SPE (or multiple Real Estate SPEs).
Pursuant to that certain Master Repurchase and Securities Contract Agreement, dated as of the date hereof (as amended, supplemented or otherwise modified from time to time, the “Repurchase Agreement”), between Buyer and RCC Real Estate SPE 6, LLC, a Delaware limited liability company (“Seller”), Seller has agreed to sell to Buyer, certain Purchased Assets, as defined in the Repurchase Agreement, upon the terms and subject to the conditions as set forth therein.
Following the release of Transfer Instruments to a Real Estate SPE in accordance with this Section 6.03(d), such Real Estate SPE shall be permitted to distribute such Exchanged Asset to the Company for further distribution to its member and the applicable SPE Lease and Master Lease shall be terminated with respect to such Exchanged Asset.
For the avoidance of doubt, transactions related to the formation of the Network Entities, transactions related to the formation of the Special Film Entities, the Real Property SPE and the Specified JVs and transactions between the Borrower and its Subsidiaries, on the one hand, and any Network Entity that is not a Subsidiary or any Special Film Entity or the Real Estate SPE or any Specified JV, on the other hand, shall not be deemed to be outside of the ordinary course of business.
On the Closing Date, each Real Estate SPE will have good and valid marketable fee simple title to the real estate (including the Real Estate Assets) owned by such Real Estate SPE (the “Owned Real Property”), free and clear of all Liens (other than Permitted Liens).
Reference is made to the Master Repurchase and Securities Contract, dated as of February 27, 2012 (such agreement, as amended, modified, waived, supplemented or restated from time to time, the “Repurchase Agreement”), by and between RCC Real Estate SPE 4, LLC, as seller (together with its successors and permitted assigns, “Seller”), and W▇▇▇▇ Fargo Bank, National Association, as buyer (together with its successors and permitted assigns, “Buyer”).
As of the Closing, each Real Estate SPE will have all necessary limited liability company power and authority to execute and deliver the Related Agreements that such Real Estate SPE is a party to and to perform its obligations thereunder and to consummate the Transactions.
Tel: (212) ▇▇▇-▇▇▇▇ ▇▇x: (212) ▇▇▇-▇▇▇▇ Seller: RCC Real Estate SPE 3, LLC c/o Resource Capital Corp.
RCC Real Estate SPE 3, LLC, a Delaware limited liability company BY: RCC Real Estate, Inc., its sole member By: Name: Title: EXHIBIT V FORM OF POWER OF ATTORNEY “Know All Men by These Presents, that RCC Real Estate SPE 3, LLC (“Seller”), does hereby appoint Natixis Real Estate Capital Inc.
Following the release of Transfer Instruments to a Real Estate SPE in accordance with this Section 6.01(b), such Real Estate SPE shall be permitted to distribute such Real Estate Assets to the Company for further distribution to its member and the applicable SPE Lease and Master Lease shall be terminated with respect to such Real Estate Assets.