Targeted Entity definition
Examples of Targeted Entity in a sentence
Subject to paragraph (b) of this Section, no Targeted Entity shall cause or permit a Transfer or a Change of Control.
At any time upon Lender’s request, a statement that identifies: (i) all owners of any Targeted Entity and the interest held by each and (ii) if Borrower or any owner of Borrower is a corporation, all officers and directors of Borrower, and if Borrower or any owner of Borrower is a limited liability company, all managers who are not members, provided in no event is Borrower required to identify the owners of Newcastle or HoldCo.
After the First Anniversary, Borrower may participate in the ▇▇▇▇▇▇ ▇▇▇ Supplemental Loan product, if the Supplemental Loan product is offered by ▇▇▇▇▇▇ Mae at the time and if no Targeted Entity is a Prohibited Person.
No Targeted Entity shall incur any “mezzanine debt,” or issue any preferred equity that is secured by a pledge of the Ownership Interests in any Targeted Entity or by a pledge of cash flows of Borrower.