Examples of REO Affiliate in a sentence
The provisions of this Section 7.12 shall not apply to any Wholly-Owned Subsidiary which is an REO Affiliate, or any Immaterial Entity.
None of Borrower, any Subsidiary (other than an REO Affiliate) or any Portfolio Entity-50%, will grant, contract, create, incur, assume or suffer or permit to exist any Lien upon or with respect to, or by transfer or otherwise subject to the prior payment of any indebtedness (other than the Loans), any of its Assets, whether now owned or hereafter acquired, except (i) Permitted Liens or (ii) in the case of an REO Affiliate, Liens in favor of its REO Owner and non-consensual Charges.
The Borrower shall not amend, modify or waive or permit any amendment, modification or waiver, of the special purpose entity terms of such organizational documents of any REO Affiliate without the prior written consent thereto of the Administrative Agent not to be unreasonably withheld.
Except as set forth on Schedule 10.23, neither Borrower, any Primary Obligor, any Portfolio Entity or any Related Entity other than First X, First B, FCS Xxxxxxx, Ltd., FCS Wood Ltd., and FCS Wildhorse Ltd., FCS Xxxxxxx Ltd., any REO Affiliate, any Latin American Acquisition Entity or European Acquisition Entity now owns or, in the case of US Persons, leases or at any time in the five (5) years preceding the Execution Date has owned or leased any real property.
Each REO Affiliate shall be a special purpose entity whose organizational documents will include provisions substantially similar to those set forth in Section 4.1(a), modified (with the prior written consent of the Administrative Agent) as appropriate to fit the relevant circumstances.