SFR Subsidiary definition

SFR Subsidiary means RESI SFR Sub, LLC or its permitted successors or assigns.
View Source
SFR Subsidiary means any Subsidiary whose sole purpose is to own and operate single-family rental homes owned by such Subsidiary and any other SFR Subsidiary, and all activities that are incidental or ancillary thereto.
View Source
SFR Subsidiary means RESI SFR Sub, LLC or its permitted successors or assigns. “SIPA” means the Securities Investor Protection Act of 1970, as amended from time to time.
View Source

Examples of SFR Subsidiary in a sentence

  • Notwithstanding anything to the contrary contained in this Agreement, an SFR Subsidiary shall not be required to become a Guarantor under this Agreement.

  • The SFR Subsidiary has been duly organized and is validly existing as a limited liability company in good standing under the laws of the State of Delaware.

  • The SFR Subsidiary shall not and shall not permit the Property Manager to enter into any other property management agreement in respect of the Contributed Rental Properties other than the Property Management Agreement.

  • The SFR Subsidiary has good and marketable fee simple title to the Rental Property with full right to transfer and sell the Rental Property, free and clear of all liens.

  • There has not been committed by the SFR Subsidiary or, to the best of each Seller’s knowledge, by any other Person in occupancy of or involved with the operation, use or leasing of the Rental Property any act or omission affording any Governmental Authority the right of forfeiture of the Rental Property or any material part thereof.

  • There is no litigation, proceeding or governmental investigation pending, or any order, injunction, consumer litigation or decree outstanding, existing or relating to any Seller, the SFR Subsidiary or any of their respective Subsidiaries with respect to the Rental Property that would materially and adversely affect the value of the Rental Property.

  • The related SFR Subsidiary is the sole insured under such owner’s title insurance policy and such owner’s title insurance policy is in full force and effect.

  • Each transfer of Contributed Rental Property to the SFR Subsidiary constitutes reasonably equivalent value and fair consideration for such Contributed Rental Property.

  • No fraudulent acts were committed by SFR Subsidiary in connection with the acquisition of such Rental Property nor were any fraudulent acts committed by any Person in connection with the acquisition of such Rental Property by the SFR Subsidiary.

  • The SFR Subsidiary shall not permit (i) the assignment of Property Manager’s rights or obligations under the Property Management Agreement or (ii) the amendment, modification, waiver, termination or revocation of the Property Management Agreement (as it relates to Contributed Assets), in each case, without Buyer’s prior written consent, or except as otherwise permitted in both the Program Management Agreement Side Letter and the Property Management Agreement.

Related to SFR Subsidiary

  • JV Subsidiary any Subsidiary of a Group Member which is not a Wholly Owned Subsidiary and as to which the business and management thereof is jointly controlled by the holders of the Capital Stock therein pursuant to customary joint venture arrangements.

  • ORE Subsidiary means any Subsidiary of the Assuming Bank that engages solely in holding, servicing, managing or liquidating interests of a type described in clause (A) of the definition of “Other Real Estate,” which interests have arisen from the collection or settlement of a Shared-Loss Loan.

  • SPE Subsidiary means any Subsidiary formed solely for the purpose of, and that engages only in, one or more Securitization Transactions.

  • Non-U.S. Subsidiary means any Subsidiary that is organized under the laws of a jurisdiction other than the United States of America or any State thereof or the District of Columbia.

  • IDI Subsidiary means any Issuer Subsidiary that is an insured depository institution.