Required SPE means Borrower and a Special Purpose Equityholder, if any.
Required SPE means Borrower and any Single-Purpose Equityholder.
Required SPE means each of Borrower, any Single‑Purpose Equityholder and each Approved Music Venue Manager.
Examples of Required SPE in a sentence
Each Required SPE shall do or cause to be done all things necessary to remain in existence.
Each Required SPE shall deliver to Lender a copy of each amendment or other modification to any of its organizational documents promptly after the execution thereof.
No Required SPE shall permit or suffer the existence of any Lien on any of its assets, other than Permitted Encumbrances.
No Embargoed Person owns any direct or indirect equity interest in any Required SPE.
Sponsor and each Required SPE is in compliance with all Federal Trade Embargos in all material respects.
More Definitions of Required SPE
Required SPE means Borrower and Operating Lessee.
Required SPE means each of Borrower, Borrower TRS and Equity Owner.
Required SPE shall have the meaning set forth in Section 3.1.24.
Required SPE means Borrower and Borrower’s Manager. “Restricted Person” means each Required SPE and each of its direct and indirect equityholders that is not a Multi-Asset Person. 30 [AM_ACTIVE 400655008_12]
Required SPE means each individual Borrower. “Restricted Person” means each Required SPE and each of its direct and indirect equityholders to the extent that such direct and indirect equityholders derive more than 25% of its aggregate gross income, and more than 25% of its net worth, from its direct or indirect interest in the Properties. For avoidance of doubt, none of Sponsor, CPP or TIAA is a Restricted Person. “Revenues” means all rents (including percentage rent), rent equivalents, moneys payable as damages pursuant to a Lease or in lieu of rent or rent equivalents (including all Termination Proceeds), royalties (including all oil and gas or other mineral royalties and bonuses), income, receivables, receipts, revenues, deposits (including security, utility and other deposits), accounts, cash, issues, profits, charges for services rendered, and other consideration of whatever form or nature received by or paid to or for the account of or benefit of Borrower from any and all sources including any obligations now existing or hereafter arising or created out of the sale, lease, sublease, license, concession or other grant of the right of the use and occupancy of property or rendering of services by Borrower and proceeds, if any, from business interruption or other loss of income insurance. “S&P” means Standard & Poor’s Ratings Services, a division of the XxXxxx-Xxxx Companies, Inc., and its successors. “Secured Corporate Debt” means secured indebtedness of Parkway, Sponsor, Parkway Properties General Partner, Inc., Parkway Properties, TIAA and/or CPP (i) that is not in the nature of a so-called mezzanine loan (i.e., secured solely by the equity interests in one or more of the Borrowers or any mezzanine borrower) as determined pursuant to applicable Rating Agency criteria, (ii) for which the direct or indirect interests in the Property constitutes no more than 25% of the collateral securing such indebtedness, and (iii) that is from a Qualified Institutional Lender, provided if such indebtedness is in the nature of a bank facility or similar multi- party consortium, then only the administrative agent must be a Qualified Institutional Lender so long as such administrative agent and no other Person has the right to foreclose on such interests (provided that an administrative agent shall be deemed to have the sole right to foreclose even if it needs to obtain the consent of other Persons in order to foreclose). “Securitization” means a transaction in which all or any porti...
Required SPE means each individual Borrower.
Required SPE means each of Borrower, Borrower TRS and Equity Owner. “Reserve Funds” means, collectively, all funds deposited by Borrower with Lender or Cash Management Account Bank pursuant to Article 6, including, but not limited to, the Capital Expenditure Funds, the Insurance Funds, the Tax Funds, the HOA Funds, the Casualty and