Limited purpose entity definition

Limited purpose entity means a legal entity that:
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Limited purpose entity means a limited partnership or limited liability company which at all times on and after the date hereof, unless otherwise approved in writing by the Administrative Agent:
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Limited purpose entity. A corporation, trust or other entity organized under the laws of the District of Columbia or any state of the United States of America whose charter, articles of incorporation, trust instrument or other governing document includes provisions that provide that the entity:
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More Definitions of Limited purpose entity

Limited purpose entity means a Delaware limited liability company, the sole member and manager of which is Guarantor or a subsidiary of Guarantor which is a Limited Purpose Entity, which at all times, unless otherwise approved in writing by Administrative Agent, in each case except as otherwise expressly permitted or required under the Loan Documents:
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Limited purpose entity means a Delaware limited liability company the sole member and manager of which is a U.S. Borrower, which at all times on and after the Closing Date while such entity is a Subsidiary Guarantor, unless otherwise approved in writing by the Administrative Agent:
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Limited purpose entity means a corporation, trust, or other entity organized under the laws of the District of Columbia or any state of the United States of America whose charter, articles of incorporation, trust instrument, bylaws, or other governing document includes provisions that provide that, for so long as any Bond remains Outstanding, the entity:
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Related to Limited purpose entity

  • Single-Purpose Entity means an entity, other than an individual, whose organizational documents and the related Mortgage Loan documents (or if the Mortgage Loan has a Cut-off Date Balance equal to $10 million or less, its organizational documents or the related Mortgage Loan documents) provide substantially to the effect that it was formed or organized solely for the purpose of owning and operating one or more of the Mortgaged Properties and prohibit it from engaging in any business unrelated to such Mortgaged Property or Mortgaged Properties, and whose organizational documents further provide, or which entity represented in the related Mortgage Loan documents, substantially to the effect that it does not have any assets other than those related to its interest in and operation of such Mortgaged Property or Mortgaged Properties, or any indebtedness other than as permitted by the related Mortgage(s) or the other related Mortgage Loan documents, that it has its own books and records and accounts separate and apart from those of any other person (other than a Mortgagor for a Mortgage Loan that is cross-collateralized and cross-defaulted with the related Mortgage Loan), and that it holds itself out as a legal entity, separate and apart from any other person or entity.

  • Special Purpose Entity means a direct or indirect subsidiary of Holdings, whose organizational documents contain restrictions on its purpose and activities and impose requirements intended to preserve its separateness from Holdings and/or one or more Subsidiaries of Holdings.

  • Permitted Purposes means the purposes that are more fully described in clause 2 of these Privacy Terms and Conditions;

  • Permitted Purpose means any activity or process to be undertaken or supervised by a Staff member of one Party during the term of this Agreement, for which purpose authorised disclosure of the other Party’s Confidential Information or Intellectual Property is a prerequisite in order to enable such activity or process to be accomplished;

  • securitisation special purpose entity or 'SSPE' means a corporation, trust or other legal entity, other than an originator or sponsor, established for the purpose of carrying out one or more securitisations, the activities of which are limited to those appropriate to accomplishing that objective, the structure of which is intended to isolate the obligations of the SSPE from those of the originator, and in which the holders of the beneficial interests have the right to pledge or exchange those interests without restriction;