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Substituted Entity definition

Substituted Entity means any person or entity selected by Lenders and approved by TxDOT in accordance with Section 2.6 of the Lenders’ Direct Agreement to perform Developer’s obligations and succeed to Developer’s rights hereunder after any such Lender has acquired the Developer’s Interest by foreclosure or other lawful means or has otherwise assumed possession and control of the Project.
Substituted Entity has the meaning given to it in the Agreement.
Substituted Entity means any person or entity selected by Lenders and approved by TxDOT in accordance with Section 2.6 of the Direct Agreement to perform Developer’s obligations and succeed to Developer’s rights hereunder after any such Lender has acquired the Developer’s Interest by foreclosure or other lawful means or has otherwise assumed possession and control of the Project.

Examples of Substituted Entity in a sentence

  • If the Step-in Party giving the Step-out Notice is a Substituted Entity that is not a Lender, then such Step-in Party shall be released from all obligations under this Direct Agreement arising from and after the effective date contained in the Step-out Notice and its relinquishment of possession and control of the Project.

  • The Department shall permit the Collateral Agent and its Substituted Entity the same access to the Project and Project Right of Way as is permitted to Developer hereunder.

  • The foregoing shall not, however, excuse the Collateral Agent or its Substituted Entity from any obligation to cure prior uncured breaches or failures to perform under the PPA Documents, and except for determination of Persistent Developer Default shall not affect any rights and remedies available to IFA respecting uncured breaches or failures to perform.

  • If the Step-in Party giving the Step-out Notice is a Substituted Entity that is not the Collateral Agent or a Lender, then such Step-in Party shall be released from all obligations under this Direct Agreement arising from and after the effective date of such Step-out Notice as set forth in the Step-out Notice and its relinquishment of possession, custody and control of the Project.

  • The foregoing does not affect the obligation to obtain approval of persons or entities as Substituted Entities pursuant to Section 21.6 (and the definition of Substituted Entity).

  • The Lender shall have the right (but not the obligation) to remedy such Developer Default or cause the same to be remedied by its Substituted Entity as provided in the Direct Agreement; and IFA shall accept such performance by or at the instigation of the Lender or Substituted Entity as if Developer had done the same.

  • IFA shall have no obligation to recognize any claim to the Developer’s Interest by any person or entity that has acquired the Developer’s Interest by, through, or under any Security Document or whose acquisition shall have been derived immediately from any holder thereof, unless such person or entity is a Substituted Entity.

  • The Lenders shall have the right (but not the obligation) to remedy such Developer Default or cause the same to be remedied by a Substituted Entity; and the Department shall deem such performance by or at the instigation of the Lender or Substituted Entity as if the same had been done by Developer as provided in the Direct Agreement.

  • The Department shall have no obligation to recognize any claim to Developer’s Interest by any person or entity that has acquired Developer’s Interest by, through, or under any Security Document or whose acquisition shall have been derived immediately from any holder thereof, unless such person or entity is a Substituted Entity reasonably approved by the Department.

  • The choice of the JAMS or AAA mediation procedure shall be made by the party initiating mediation.


More Definitions of Substituted Entity

Substituted Entity means any Person selected by the Implementing Authority or the Lenders to replace the Concessionaire in this Concession Contract and who has entered into the requisite agreements, all in accordance with Clauses 20.4 or 20.5 hereof;
Substituted Entity means any Person that is substituted for GEOVIC in its rights and obligations pursuant to this Convention. A Substituted Entity shall be designated and controlled by the Lender, pursuant to its agreements with GEOVIC.
Substituted Entity shall have the meaning ascribed to it in Article 3.4;
Substituted Entity means any Person selected by Xxxxxxx and approved by MDOT in accordance with the Agreement to perform all or a portion of Project Company’s obligations and succeed to the Project Company’s rights under this Agreement.
Substituted Entity has the meaning
Substituted Entity means any person or entity selected by a Lender to perform the Lender’s or the Association’s obligations and rights after any such Lender has exercised its rights or remedies under the License Agreement or applicable law, which person or entity is subject to SCDOT approval, provided that such approval shall not be unreasonably withheld or delayed after Lender has provided reasonable documentation to SCDOT that such proposed person or entity has the resources and experience reasonably necessary to timely perform Association’s obligations under this License Agreement, which foregoing documentation requirement shall be deemed satisfied if SCDOT is provided with the firm resume or C.V. materials for a reputable, experienced toll operator.

Related to Substituted Entity

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • Project Subsidiary means any Subsidiary of the Company held for the purpose of holding, constructing or acquiring power generation facilities or related or ancillary assets or properties and any Subsidiary of the Company whose assets consist primarily of equity interests in one or more other Project Subsidiaries; provided that a Subsidiary will cease to be a Project Subsidiary if it Guarantees any Indebtedness of the Company other than obligations of the Company related to Project Debt of one or more Project Subsidiaries.

  • Permitted Entity means with respect to a Qualified Stockholder (a) a Permitted Trust (as defined below) solely for the benefit of (i) such Qualified Stockholder, (ii) one or more Family Members of such Qualified Stockholder and/or (iii) any other Permitted Entity of such Qualified Stockholder, or (b) any general partnership, limited partnership, limited liability company, corporation or other entity exclusively owned by (i) such Qualified Stockholder, (ii) one or more Family Members of such Qualified Stockholder and/or (iii) any other Permitted Entity of such Qualified Stockholder.

  • Constituent entity means an entity that is a party to a merger.

  • JV Subsidiary means any Wholly-Owned Subsidiary of the Borrower that directly holds Capital Stock of a Joint Venture.

  • Constituent Company means an existing company that is participating in a merger or consolidation with one or more other existing companies;

  • Managing entity means the managing agent or, if there is no managing agent, the time-share

  • Parent Subsidiary means any Subsidiary of Parent.

  • Member organization means any individual, corporation, limited liability company, partnership, or association that belongs to an association.

  • Implementing Entity means the [Implementing Entity] that is the party to this Agreement and the recipient of the Grant;

  • Restricted Entity means any "employee benefit plan" as defined in and subject to ERISA, any "plan" as defined in and subject to Section 4975 of the Code, or any entity any portion or all of the assets of which are deemed pursuant to United States Department of Labor Regulation Section 2510.3-101 or otherwise pursuant to ERISA or the Code to be, for any purpose of ERISA or Section 4975 of the Code, assets of any such "employee benefit plan" or "plan" that invests in such entity.

  • Operating Subsidiary means a majority-owned subsidiary of a financial

  • Constituent organization means an organization that is party to a merger.

  • Current Subsidiary means any Person in which the Company on the Subscription Date, directly or indirectly, (i) owns any of the outstanding capital stock or holds any equity or similar interest of such Person or (ii) controls or operates all or any part of the business, operations or administration of such Person, and all of the foregoing, collectively, “Current Subsidiaries”.

  • Obligated Entity means a person or entity that sells electrical energy to end-use

  • holding entity means a person that is controlled by an individual;

  • Merging entity means an entity that is a party to a merger and exists immediately before the merger becomes effective.

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

  • Subsidiary Entity means a person that is controlled directly or indirectly by another person and includes a subsidiary of that subsidiary;

  • existing company means a company formed and registered under any of the previous companies laws…”

  • Operating Entity means an entity that operates and controls a portion of the bulk transmission system with the goal of ensuring reliable energy interchange between generators, loads, and other operating entities.

  • Project Implementing Entity means a legal entity (other than the Borrower or the Guarantor) which is responsible for implementing all or a part of the Project and which is a party to the Project Agreement. If the Bank enters into a Project Agreement with more than one such entity, “Project Implementing Entity” refers separately to each such entity.

  • Traditional member of the National Guard or federal reserves means an active member of the Selected Reserve subject to mobilization and deployment for which he or she attends monthly and annual training periods.

  • Designated Entity shall have the same meaning provided in the Operating Agreement.

  • Outside Entity means any:

  • Regulated Entity means any entity referred to in Section I of Article L.613-34 of the French Code monétaire et financier as modified by the 20 August 2015 Decree Law, which includes certain credit institutions, investment firms, and certain of their parent or holding companies established in France.