Transferee’s Principals definition

Transferee’s Principals means collectively, (A) Transferee’s managing members, general partners or principal shareholders and (B) such other members, partners or shareholders which directly or indirectly shall own a fifty-one percent (51%) or greater economic and voting interest in Transferee.
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Transferee’s Principals shall have the meaning set forth in Section 5.2.13(d)(ii) hereof.
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Transferee’s Principals means, with respect to any proposed transferee, such transferee’s shareholders, partners, members or non-member managers that, directly or indirectly, (i) own ten percent (10%) or more of the legal, beneficial or economic interests in such Transferee or (ii) are in control of such Transferee. As used in this definition, the term “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management, policies or activities of such Person, whether through ownership of voting securities, by contract or otherwise and the term “controlled” shall have a correlative meaning.
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More Definitions of Transferee’s Principals

Transferee’s Principals means collectively, (A) Transferee's managing members, general partners or principal shareholders and (B) such other members, partners or shareholders which directly or indirectly shall own a fifty-one percent (51%) or greater economic and voting interest in Transferee.
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Transferee’s Principals shall have the meaning set forth in Section 5.2.13(d)(ii) hereof. "UCC" or "UNIFORM COMMERCIAL CODE" shall mean the Uniform Commercial Code as in effect in the applicable State in which the Property is located.
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Transferee’s Principals shall include Transferee’s (A) managing members, general partners or Controlling shareholders and (B) such other members, partners or shareholders which directly or indirectly shall own a 51% or greater interest in Transferee; (d) Transferee’s Principals shall, as of the date of such transfer, have an aggregate net worth and liquidity reasonably acceptable to Lender; provided, however, to the extent the Sponsor Conditions have been satisfied, this subsection (d) shall also be deemed satisfied; (e) Transferee, Transferee’s Principals and all other entities which may be owned or controlled directly or indirectly by Transferee’s Principals (“Related Entities”) must not have been a party to any bankruptcy proceedings, voluntary or involuntary, made an assignment for the benefit of creditors or taken advantage of any insolvency act, or any act for the benefit of debtors within seven (7) years prior to the date of the proposed transfer of the Property;
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Transferee’s Principals shall include Transferee's (A) managing members, general partners or principal shareholders and (B) such other members, partners or shareholders which directly or indirectly shall own a 15% or greater interest in Transferee; Transferee and Transferee's Principals shall, as of the date of such transfer, have an aggregate net worth and liquidity reasonably acceptable to Lender; Transferee, Transferee's Principals and all other entities which may be owned or controlled directly or indirectly by Transferee's Principals ("Related Entities") must not have been a party to any bankruptcy proceedings, voluntary or involuntary, made an assignment for the benefit of creditors or taken advantage of any insolvency act, or any act for the benefit of debtors within seven (7) years prior to the date of the proposed transfer of the Property; Transferee shall assume all of the obligations of Borrower under the Loan Documents in a manner satisfactory to Lender in all respects, including, without limitation, by entering into an assumption agreement in form and substance satisfactory to Lender and one or more Transferee's Principals having an aggregated net worth and liquidity reasonably acceptable to Lender shall execute in favor of Lender a Guaranty of Recourse Obligations and Environmental Indemnity Agreement in form acceptable to Lender; There shall be no material litigation or regulatory action pending or threatened against Transferee, Transferee's Principals or Related Entities which is not reasonably acceptable to Lender; Transferee, Transferee's Principals and Related Entities shall not have defaulted under its or their obligations with respect to any other indebtedness in a manner which is not reasonably acceptable to Lender; No Event of Default or event which, with the giving of notice, passage of time or both, shall constitute an Event of Default, shall otherwise occur as a result of such transfer, and Transferee and Transferee's Principals shall deliver (A) all organization documentation reasonably requested by Lender, which shall be reasonably satisfactory to Lender, and (B) all certificates, agreements and covenants reasonably required by Lender; and Borrower shall deliver, at its sole cost and expense, an endorsement to the existing title policy insuring the Security Instrument, as modified by the assumption agreement, as a valid first lien on the Property and naming the Transferee as owner of the Property, which endorsement shall insure that, as of the date of ...
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Transferee’s Principals means (i) the managing members, general partners or principal shareholders of an entity, or (ii) such other members, partners, or shareholders of an entity who shall have at a least 15% beneficial ownership interest in such entity. Mortgagor Concentration Tishman Speyer DC Portfolio II. One Alliance Center. Bethany Maryland Porxxxxxx II. Extendicare Portfolio and Extendicare Portfolio II. Waivers; Modifications Tishman Speyer DC Portfolio II. 2445 M Street. 0000 Xxxxxxxxxxxx Xxxxxx xxx 0000 Xxxnsylvania Xxxxxx. Bethany Maryland Porxxxxxx II. Eagle Rock. 200 Galleria. Inspection Property Release Extendicare Portfolio, Extendicare Portfolio II and Tishman Speyer DC Portfolio II. The release of individual Mortgaged Properties are permitted in connection with the substitution of such Mortgaged Properties with other properties as collateral subject to the satisfaction of conditions set forth in the loan documents. Greenbriar Shopping Center. The Mortgagor may obtain a release of an REPRESENTATION FROM SCHEDULE II PROPERTY AND EXCEPTION ------------------------------- ---------------------------------------------- unimproved specified portion of the Mortgaged Property for no consideration in accordance with criteria set forth in the Mortgage. Four Points by Sheraton - Saginaw. The Mortgagor may obtain a release of an unimproved specified portion of the Mortgaged Property for no consideration provided certain conditions are satisfied, including the achievement of certain DSCR and LTV ratio tests. Highlands at Galloway Apartments. X xxxxxon of the Mortgaged Property may be released for no consideration pending the outcome of a condemnation proceeding provided certain conditions are satisfied.
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Transferee’s Principals shall have the meaning set forth in Section 3.02(a).
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Related to Transferee’s Principals

  • Permitted Transferees means a person or entity to whom a Holder of Registrable Securities is permitted to transfer such Registrable Securities prior to the expiration of the Founder Shares Lock-up Period or Private Placement Lock-up Period, as the case may be, under the Insider Letter and any other applicable agreement between such Holder and the Company, and to any transferee thereafter.

  • Principals means the head teachers of the Academies (and “Principal” means any one of these head teachers);

  • Transferee Any Person who is acquiring by Transfer any Ownership Interest in a Certificate.

  • Investor Parties has the meaning set forth in the Preamble.

  • Transferee Company means any company or body corporate established in the Islands or in any other jurisdiction.

  • Transferees as defined in subsection 10.5(g).

  • Permitted Transferee Any Transferee of a Residual Certificate other than a Disqualified Organization or Non-United States Person.

  • Principal Stockholder Transferee means any Person who acquires voting stock of the Corporation from the Principal Stockholder (other than in connection with a public offering) and who is designated in writing by the Principal Stockholder as a “Principal Stockholder Transferee.”

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

  • Restricted Parties has the meaning set forth in Section 6.7(a).

  • Transferors means the entities acting as Transferors under the Pooling and Servicing Agreement.

  • Purchasing Manager means the person duly authorized to enter into and administer Contracts and make written determinations with respect to the Contract or his or her designee.

  • Prospective Purchaser has the meaning set forth in Section 2.3(b)(i) hereof.

  • Founder means, in respect of an issuer, a person who,

  • Applicable Investor means each holder of a beneficial interest in any Series 2023-A Note that is an “institutional investor” as defined in each of the EU Securitization Regulation and the UK Securitization Regulation and to which the EU Securitization Regulation or the UK Securitization Regulation applies.

  • Consortium Members means the members of the Consortium, formed by the Bidder for purposes of the Transaction in accordance with this RFP and shall include members who have submitted the Format for Consortium Agreement (Annexure 5) specified in the RFP.

  • Controlling shareholding means not less than 51% of the voting rights or paid up share capital in the Company/Consortium.

  • Controlling Shareholders means controlling shareholders of the Company, as such term is defined in the Ordinance.

  • Controlling Shareholder means any shareholder owning more than fifty

  • Assignees has the meaning specified in Section 10.07(b).

  • Prospective Transferee means any person to whom a Key Holder proposes to make a Proposed Key Holder Transfer.

  • Existing Stockholders means the stockholders of the Corporation immediately prior to the IPO as listed on Schedule A (including the Existing Stockholders Representative in its capacity as an Existing Stockholder) together with any Permitted Assignees.

  • Controlling Persons means the natural persons who exercise control over an Entity. In the case of a trust, such term means the settlor, the trustees, the protector (if any), the beneficiaries or class of beneficiaries, and any other natural person exercising ultimate effective control over the trust, and in the case of a legal arrangement other than a trust, such term means persons in equivalent or similar positions. The term “Controlling Persons” shall be interpreted in a manner consistent with the Financial Action Task Force Recommendations.

  • Non-citizen Assignee means a Person whom the General Partner has determined in its discretion does not constitute an Eligible Citizen and as to whose Partnership Interest the General Partner has become the Substituted Limited Partner, pursuant to Section 4.9.

  • Transferee Letter The meaning specified in Section 12.16.