Transfer Entity definition

Transfer Entity means any limited liability company or limited partnership formed by the Servicer pursuant to Section 4.1 to acquire title to the Security Property following a Transfer.
Sample 1Sample 2Sample 3

Examples of Transfer Entity in a sentence

  • In the event a Transfer Entity becomes the owner of the Security Property after a Transfer, Lender agrees that the Servicer shall have the right (either in the capacity of manager of the Transfer Entity or Servicer under this Agreement) to serve as the sole property manager for the Security Property or to engage a third party property manager to provide all or a portion of such services under the Servicer’s direction.

  • Each Lender acknowledges that in the event of a Transfer of the Security Property, Servicer shall, in most circumstances, form a Transfer Entity to take title to the Security Property in accordance with Article 4 and Lenders will be required to assign their Fractional Interests to the Transfer Entity in exchange for a beneficial interest in the Transfer Entity equal to their Fractional Interest.

  • Following each Lender’s assignment of their Fractional Interest in the Loan to the Transfer Entity, such Lender will become a member of the Transfer Entity subject to the terms and conditions set forth in the Transfer Entity Agreement.

  • If, as a consequence of an Event of Default, ownership of the Security Property is to be acquired by Lenders, Servicer shall in most cases form a Transfer Entity and take those actions necessary for the Transfer of the Security Property to the Transfer Entity as set forth in this Section 4.1 unless otherwise directed by a Lender Majority.

  • Except as set forth in Section 7.5 of the Sprint Disclosure Schedule a Transfer Entity has, or will have at Closing, good and marketable title to each Sprint Network Asset, free and clear of all Encumbrances.

  • Each New Sprint LLC will at the time of such transaction under clause (i) or (ii) be deemed to be a Transfer Entity, and each entity that no longer holds the relevant assets or Liabilities will no longer be considered a Transfer Entity, if applicable, for all purposes of this Agreement.

  • The applicable Transfer Entity holds and is, or will hold at Closing and will be, in compliance in all material respects with all Governmental Licenses required under Environmental Laws for their respective operations, including the Sprint Network Assets.

  • The organizational documents of each of the Transfer Entities are, and the organizational documents of Sprint Sub LLC will be, in full force and effect, and no Transfer Entity is, and as of the Closing Date Sprint Sub LLC will not be, in violation of any provision of its organizational documents, except as would not reasonably be expected to result in a Sprint Material Adverse Effect.

  • In the event of a Transfer of the Security Property to the Lenders or a Transfer Entity, CRCC may act as the sole property manager for the Security Property or may engage a third party property manager to provide all or a portion of such management services at the direction of CRCC.

  • Any GIC deposits placed under that GIC account will be held in the names of the owner(s) of that account.

Related to Transfer Entity

  • Transfer Any direct or indirect transfer or sale of any Ownership Interest in a Residual Certificate.

  • Transfer Event means (i) a transfer of the ownership of a project, (ii) the sale or assignment of a partnership interest in a project owner and/or (iii) the refinancing of secured debt on a project. The following shall not be deemed a Transfer Event: (i) the transfer of the project or a partnership or membership interest in a project owner in which reserves remain with the project and the debt encumbering the project is not increased, refinanced or otherwise modified, (ii) the refinancing of project debt which does not increase the outstanding principal balance of the debt other than in the amount of the closing costs and fees paid to the project lender and third parties as transaction

  • Business Entity means a natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of this State or of any other state or foreign jurisdiction;

  • Transfer Vehicle means any vehicle that operates in space and transfers Payloads or persons or both between two different space objects, between two different locations on the same space object, or between a space object and the surface of a celestial body. A Transfer Vehicle also includes a vehicle that departs from and returns to the same location on a space object.

  • Transfer Form means a standardized form prescribed by the Management Company to be duly filed by the investor to transfer Units and will be stated in this Offering Document.

  • Securitization Transfer The sale or transfer of some or all of the Mortgage Loans to a trust or other entity as part of a publicly-issued or privately-placed, rated or unrated mortgage pass-through or other mortgage-backed securities transaction.

  • Participating Entity means a state (as well as the District of Columbia and US territories), city, county, district, other political subdivision of a State, or a nonprofit organization under the laws of some states properly authorized to enter into a Participating Addendum, that has executed a Participating Addendum.

  • transfer value means the value of a transferred vote calculated in accordance with rules STV47.4 or STV47.7. 42. Arrangements for counting of the votes 42.1 The returning officer is to make arrangements for counting the votes as soon as is practicable after the close of the poll. 42.2 The returning officer may make arrangements for any votes to be counted using vote counting software where:

  • Custody transfer means the transfer of produced crude oil and/or condensate, after processing and/or treating in the producing operations, from storage tanks or automatic transfer facilities to pipelines or any other forms of transportation.

  • Selling Institution The entity obligated to make payments to the Issuer under the terms of a Participation Interest.

  • Transferor Any Person who is disposing by Transfer of any Ownership Interest in a Certificate.

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

  • Type II transfer means that phrase as defined by Section 3 of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.103.

  • Asset Transfer means a sale, lease or other disposition of all or substantially all of the assets of the Company.

  • Health care entity means any health care provider, health plan or health care clearinghouse.

  • Entity means a corporation, partnership, limited liability company or other entity.

  • Group Business Entity means;

  • JV Entity means any joint venture of the Borrower or any Restricted Subsidiary that is not a Subsidiary.

  • Residual Ownership Interest Any record or beneficial interest in the Class R Certificates.

  • Transfer student A student who enters a participating college or university after earning college-level credit at another college or university.

  • Freddie Mac Transfer As defined in Section 13 hereof.

  • Designated Payment/Transfer Office means (i) with respect to the initial Paying Agent/Registrar named herein, its office in Dallas, Texas, or at such other location designated by the Paying Agent/Registrar and (ii) with respect to any successor Paying Agent/Registrar, the office of such successor designated and located as may be agreed upon by the City and such successor.

  • Non-Wholly Owned Subsidiary means, as to any Person, each Subsidiary of such Person which is not a Wholly-Owned Subsidiary of such Person.

  • Subject Company shall have the meaning set forth in Section 6.10(a).

  • Wholly Owned Restricted Subsidiary is any Wholly Owned Subsidiary that is a Restricted Subsidiary.

  • Restricted Transfer means: 1.1.10.1 a transfer of Company Personal Data from any Company Group Member to a Contracted Processor; or 1.1.10.2 an onward transfer of Company Personal Data from a Contracted Processor to a Contracted Processor, or between two establishments of a Contracted Processor, in each case, where such transfer would be prohibited by Data Protection Laws (or by the terms of data transfer agreements put in place to address the data transfer restrictions of Data Protection Laws) in the absence of the Standard Contractual Clauses to be established under section [6.4.3 or] 12 below;