Restricted Pledge Party means, collectively, Borrower, each Borrower TRS, any Guarantor, and any other direct or indirect equity holder in Borrower, any Borrower TRS or any Guarantor up to, but not including, the first direct or indirect equity holder that has substantial assets other than the Properties and the other Collateral.
Restricted Pledge Party means, collectively, Mortgagor, any mezzanine borrower, or any other direct or indirect equity holder in Mortgagor up to, but not including, the first direct or indirect equity holder that has substantial assets other than its direct or indirect interest in the Mortgaged Property.
Restricted Pledge Party means, collectively, any Borrower, Mortgage Borrower, any Mortgage Loan Party, Other Mezzanine Borrower, Extended Stay LLC, XX XXX Investors, LLC, ESH Hospitality LLC, ESH Hospitality Holdings LLC and any other direct or indirect equity holder in Borrower up to, but not including, the first direct or indirect equity holder that has substantial assets other than the Collateral.
More Definitions of Restricted Pledge Party
Restricted Pledge Party means, collectively, Borrower, Operating Lessee, Operating Lessee Pledgor or any other direct or indirect equity holder in Borrower, Operating Lessee or Operating Lessee Pledgor up to, but not including, the first direct or indirect equity holder of Borrower that has substantial assets other than its indirect interest in the Property. For the avoidance of doubt, Soho House, LLC and its constituent entities are not Restricted Pledge Parties.
Restricted Pledge Party means, collectively, the related Mortgagor, any mezzanine borrower, or any other direct or indirect equity holder in the Mortgagors up to, but not including, the first direct or indirect Representation Number on Exhibit C Mortgage Loan Name and Number as Identified on Exhibit A Description of Exception equity holder that has substantial assets other than its direct or indirect interest in the Mortgaged Property.
Restricted Pledge Party means, collectively, Borrower, Borrower TRS, Equity Owner and any other direct equity holder in Borrower, Borrower TRS or Equity Owner up to, but not including, the first direct equity holder that has substantial assets other than the Properties and the other Collateral for the Loan (which, as of the Closing Date, is Sponsor, and which, for the avoidance of doubt, is not a Restricted Pledge Party).
Restricted Pledge Party means, collectively, Borrower, any Mezzanine Borrower any SPE Constituent Entity or any other direct or indirect equity holder in Borrower up to, but not including, the first direct or indirect equity holder of Borrower that has substantial assets other than its indirect interest in the Properties, provided, that no Excluded Entity (or any Person owning a direct or indirect interest in any Excluded Entity) shall be a Restricted Pledge Party.
Restricted Pledge Party means, collectively, the Borrowers or any other direct or indirect equity holder in such Borrowers up to, but not including, the first direct or indirect equity holder that has substantial assets other than its direct or indirect interest in the related individual Mortgaged Properties, provided that neither (i) the related borrower sponsor, (ii) any direct and indirect legal or beneficial owner of such borrower sponsor, (iii) any publicly traded entity (or shareholders, members, or nonmanaging members thereof) with a net worth or market capitalization in excess of $300,000,000 (exclusive of such entity’s interests in the related individual Mortgaged Properties) (those parties identified in clauses (i) through (iii), an “Excluded Entity”) or (iv) an entity that holds a direct or indirect interest in an Excluded Entity will be a Restricted Pledge Party. Moreover, the related loan documents permit without limitation the sale, conveyance, assignment, mortgage, grant, bargain, encumbrance, pledge, hypothecation, disposition or transfer of any direct or indirect interest in any Excluded Entity or any direct or indirect legal or beneficial owner (including, without limitation, any shareholder, partner, member and/or member manager) of any Excluded Entity.
Restricted Pledge Party means, collectively, any Borrower, each other Loan Party, Mortgage Borrower, Operating Lessee, each other Mortgage Loan Party, Mezzanine A Borrower, each other Mezzanine A Loan Party, BRE Select Hotels Holdco LLC, Indemnitor, BRE Select Hotels Holding LP and any other direct or indirect equity holder in Borrower or any other Loan Party up to, but not including, the first direct or indirect equity holder that has substantial assets other than the Collateral, the Mezzanine A Loan Collateral and the Mortgage Loan Collateral, provided, however, that any holder of the Preferred Shares shall not be a Restricted Pledge Party.
Restricted Pledge Party means, collectively, the Borrower, any mezzanine borrower, or any other direct or indirect equity holder in the Borrower up to, Schedule D-1 to Exhibit D Annex A-1 ID# Mortgage Loans Representations Exceptions but not including, the first direct or indirect equity holder that has substantial assets other than its direct or indirect interest in the mortgaged property. 5 MGM Grand & Mandalay Bay (33) Defeasance The exception to Representation and Warranty #28 is also an exception to this representation.. 5 MGM Grand & Mandalay Bay (40) Organization of Borrower The Borrowers under the related Mortgage Loans are affiliated with the borrowers under the Bellagio Hotel and Casino and BX Industrial Portfolio mortgage loan. Schedule D-1 to Exhibit D SCHEDULE D-2 TO EXHIBIT D MORTGAGE LOANS WITH EXISTING MEZZANINE DEBT None. Schedule D-2 to Exhibit D SCHEDULE D-3 TO EXHIBIT D MORTGAGE LOANS WITH RESPECT TO WHICH MEZZANINE DEBT IS PERMITTED IN THE FUTURE Loan No. Mortgage Loan 5 MGM Grand & Mandalay Bay Schedule D-3 to Exhibit D SCHEDULE D-4 TO EXHIBIT D CROSSED MORTGAGE LOANS None. Schedule D-4 to Exhibit D EXHIBIT E FORM OF CERTIFICATE OF SECRETARY OF CITI REAL ESTATE FUNDING INC. BENCHMARK 2020-B18 MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2020-B18 (the “Transaction”) Certificate of Secretary of Citi Real Estate Funding Inc. I, _________________________, hereby certify that I am a duly appointed Secretary of Citi Real Estate Funding Inc., a New York corporation (the “Company”), and certify further as follows: