SPE Party definition

SPE Party means Borrower and any other Person that is required to be a “Special Purpose Entity” under applicable Rating Agency criteria so as to make Borrower a Special Purpose Entity.

SPE Party means, if Borrower is a limited partnership or a limited liability company (other than a Single Member Delaware LLC), each general partner or managing member of Borrower.

SPE Party shall have the meaning set forth in Section 3.1.24(o). As of the Closing Date, the SPE Party is Ashford Pool II GP LLC, a Delaware limited liability company, the general partner of each Borrower.

Examples of SPE Party in a sentence

• Each SPE Party will have complied and will comply with all of the assumptions made with respect to such SPE Parties in any Additional True Lease Opinion.

• Each SPE Party has complied and will comply with, and Borrower shall cause Operating Company to comply with, all of the assumptions made with respect to such SPE Parties and Operating Company in the True Lease Opinion.

• Borrower has complied and will comply with, and Borrower shall cause each SPE Party and Operating Company to comply with, all of the assumptions made with respect to the SPE Parties and Operating Company in the Insolvency Opinion.

• Borrower has complied and will comply with, and Borrower shall cause each SPE Party, Manager and Operating Company to comply with, all of the assumptions made with respect to the SPE Parties, Manager and Operating Company in the Insolvency Opinion.

• Each SPE Party has complied and will comply with, and Borrower shall cause Manager and Operating Company to comply with, all of the assumptions made with respect to such SPE Parties and Operating Company in the True Lease Opinion.

More Definitions of SPE Party

SPE Party means the Special Purpose Entity limited liability company which is the general partner of Borrower.

SPE Party means TIC Borrower 1, TIC Borrower 2 and TRS Lessee, each individually or collectively, as the context may imply or require.

SPE Party has the meaning assigned in Section 6.17(d).

SPE Party means: (i) if Borrower is a limited partnership, any Special Purpose Entity that is a general partner of Borrower, and (ii) if Borrower is a limited liability company other than an Acceptable LLC, the Special Purpose Entity that is the managing member of Borrower, and, in each case, that satisfies the requirements of Section 5.1(b) hereof. Notwithstanding the foregoing, to the extent Borrower is and remains an Acceptable LLC, there shall be deemed to be no “SPE Party” hereunder.

SPE Party and “SPE Parties” shall mean collectively and individually, as the context may require, the Borrower Parties and Head Lessee.

SPE Party is defined in Section 8.12(d).

SPE Party means GP SPE Party, Intermediate Holdco and Holdco, as applicable.