Specified Parent definition

Specified Parent means (i) with respect to the Private Owner, (x) unless clause (i)(y) is applicable, Lennar Corporation, a Delaware Corporation, and Rialto Capital Management, LLC, a Delaware limited liability company, including on a collective basis, or (y) any other Person or Persons that the Private Owner and the Initial Member may agree from time to time shall be designated as the “Specified Parent” for purposes of this Agreement; and (ii) with respect to the Servicer shall mean any Person or Persons that the Manager and the Initial Member may agree from time to time shall be designated as the “Specified Parent” with respect to the Servicer; provided, that, for any such Servicer, the Manager shall cause its initial Specified Parent (as approved by Manager and the Initial Member) to be expressly specified in the applicable Servicing Agreement.
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Specified Parent means (a) with respect to the Private Owner, (i) subject to clause (a)(ii), each of Santander Holdings USA, Inc., a Virginia corporation, and Santander Bank, N.A., a national banking association, and/or (ii) any additional or substitute Person or Persons owning, directly or indirectly, more than 25% in value of all of the Ownership Interests in the Private Owner as the Initial Member may approve (in its sole discretion) in writing from time to time after the Closing Date as being designated a “Specified Parent” of the Private Owner for purposes of the LLC Operating Agreement; and (b) with respect to the Servicer, (i) subject to clause (b)(ii),
Sample 1
Specified Parent means (i) with respect to the Private Owner, (x) unless clause (i)(y) is applicable, Acorn Loan Acquisition Venture IV, L.P., a Delaware limited partnership, Oaktree Real Estate Opportunities Fund V, L.P., a Delaware limited partnership and Oaktree Opportunities Fund VIII AIF (Delaware), L.P., a Delaware limited partnership, considered, as applicable, on a collective basis, or (y) any other Person or Persons (including as applicable on a collective basis), owning, directly or indirectly (in the case of any indirect ownership, for the avoidance of doubt, attributing to such Person or Persons its or their actual ultimate ownership (but only its or their actual ultimate ownership (for example, after taking into account the dilutive effect of intervening Persons that directly or indirectly own any Ownership Interest in the Private Owner but that are not wholly-owned subsidiaries of such Person or Persons)), more than 25% in value of all of the Ownership Interests in the Private Owner that the Private Owner and (in its discretion) the Initial Member may agree from time to time shall be designated as the “Specified Parent” for purposes of the LLC Operating Agreement; (ii) with respect to the Servicer, (x) unless clause (ii)(y) is applicable, Milestone Merchant Partners, LLC, a Delaware limited liability company, and Oaktree Investment Holdings, L.P., a Delaware limited partnership, on a collective basis or (y) any Person or Persons that the Manager and the Initial Member may agree from time to time shall be designated as the “Specified Parent” with respect to the Servicer; and
Sample 1

Examples of Specified Parent in a sentence

  • For avoidance of doubt, in each case, any such Specified Parent will include any successor by operation of Law.


More Definitions of Specified Parent

Specified Parent means (i) with respect to the Private Owner, (x) subject to clause (i)(y), ColFin 2013 CRE ADC Holdco, LLC, a Delaware limited liability company, and/or (y) any additional or substitute Person or Persons owning, directly or indirectly, more than 25% in value of all of the Ownership Interests in the Private Owner as the Initial Member may approve (in its sole discretion) in writing from time to time after the Closing Date as being designated a “Specified Parent” of the Private Owner for purposes of the LLC Operating Agreement; (ii) with respect to the Servicer, (x) subject to clause (ii)(y), Colony Financial AMC, LLC, a Delaware limited liability company and CDCF 2013 CRE ADC Holdco, LLC, a Delaware limited liability company, and/or (y) any additional or substitute Person or Persons that the Manager and the Initial Member may agree from time to time after the Closing Date shall be designated as a “Specified Parent” with respect to the Servicer; and (iii) with respect to Midland Loan Services, a Division of PNC Bank, National Association (as a Rated Sub-Servicer), (x) subject clause (iii)(y), PNC Bank, a national banking association, and/or (y) any additional or substitute Person or Persons that the Manager and the Initial Member may agree from time to time after the Closing Date shall be designated as the “Specified Parent” with respect to such Rated Sub- Servicer. For avoidance of doubt, in each case, any such Specified Parent shall include any successor by operation of law.
Sample 1
Specified Parent means (a) with respect to the Private Owner, (i) subject to clause (a)(ii), each of The Community Preservation Corporation, a New York not-for-profit corporation, and Related Real Estate Fund III, L.P, a Delaware limited partnership, and/or (ii) any additional or substitute Person or Persons owning, directly or indirectly, more than 25% in value of all of the Ownership Interests in the Private Owner as the Initial Member may approve (in its sole discretion) in writing from time to time after the Closing Date as being designated a “Specified Parent” of the Private Owner for purposes of the LLC Operating Agreement; and (b) with respect to the Servicer,
Sample 1
Specified Parent means (a) with respect to the Private Owner, (i) subject to clause (a)(ii), each of BREDS Xxxxxxx Holdco L.P., a Delaware limited partnership, BREDS IV US Investments L.L.C., a Delaware limited liability company, BREDS V US Investments L.L.C., a Delaware limited liability company, and CPPIB Credit Investments III Inc. a Canadian corporation, and/or (ii) any additional or substitute Person or Persons owning, directly or indirectly, more than 25% in value of all of the Ownership Interests in the Private Owner as the Required Consenting Parties may approve (in their sole discretion) in writing from time to time after the Closing Date as being designated a “Specified Parent” of the Private Owner for purposes of the LLC Operating Agreement; (b) with respect to the Servicer, (i) subject to clause (b)(ii), Blackstone Real Estate Special Situations Advisors L.L.C., a Delaware limited liability company, and/or (ii) any additional or substitute Person or Persons that the Manager and the Required Consenting Parties might agree from time to time after the Closing Date will be designated as a “Specified Parent” with respect to the Servicer; (c) with respect to Quantum Servicing Corp. (as a Rated Subservicer), (i) subject to clause (c)(ii), Rialto Capital Servicing, LLC, a Delaware limited liability company, and/or (ii) any additional or substitute Person or Persons that the Manager and the Required Consenting Parties might agree from time to time after the Closing Date will be designated as the “Specified Parent” with respect to such Rated Subservicer; and (d) with respect to Rialto Capital Advisors, LLC (as a Rated Subservicer), (i) subject to clause (d)(ii), Rialto Asset Management, LLC, a Delaware limited liability company, (as a Rated Subservicer), and/or (ii) any additional or substitute Person or Persons that the Manager and the Required Consenting Parties might agree from time to time after the Closing Date will be designated as the “Specified Parent” with respect to such Rated Subservicer. For avoidance of doubt, in each case, any such Specified Parent will include any successor by operation of Law.
Sample 1

Related to Specified Parent

  • Permitted Parent means (a) any Parent Entity that at the time it became a Parent Entity was a Permitted Holder pursuant to clauses (1), (2) and (3) of the definition thereof; provided that such Parent Entity was not formed in connection with, or in contemplation of, a transaction (other than the Transactions) that would otherwise constitute a Change in Control and (b) Holdings, so long as it is controlled by one or more Persons that are Permitted Holders pursuant to clause (1), (2), (3) or (4) of the definition thereof.

  • Intended parent means an individual who entered into a gestational agreement providing that the individual will be the parent of a child born to a woman by means of assisted reproduction, including an individual who has a genetic relationship with the child.

  • Parent means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.

  • Natural parent means a minor's biological or adoptive parent, and includes the minor's noncustodial parent.

  • Birth parent means the child's biological parent and, for purposes of adoptive placement, means

  • lone parent means a person who has no partner and who is responsible for and a member of the same household as a child or young person;

  • Ultimate Parent means a Company, which owns not less than fifty-one percent (51%) equity either directly or indirectly in the Parent and Affiliates.

  • Acquiror has the meaning specified in the Preamble hereto.

  • Buyer Parent has the meaning set forth in the Preamble.

  • Other Parent means an individual who, in common with a deploying parent, is:

  • Ultimate Parent Entity means a Constituent Entity of an MNE Group that meets the following criteria:

  • Pre-Closing Reorganization has the meaning set forth in the Recitals.