Preferred Assignee definition

Preferred Assignee means any Person that is designated by the Borrower in writing and meets the requirements to be an assignee under Section 9.04(b)(v)(A) and (vi).
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Preferred Assignee means a permitted assignee of a Put Purchaser’s rights and obligations pursuant to Section 6.2 of the Purchase Agreement who is a holder of Preferred Stock prior to the Initial Closing.
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Examples of Preferred Assignee in a sentence

  • LB Preferred hereby unconditionally and irrevocably assigns, transfers, and conveys to LB Preferred Assignee, effective as of the Effective Date, without recourse, representation or warranty, except as set forth herein, LB Preferred’s right, title and interest in and to the Membership Interest owned by it (the “LB Preferred Membership Interest”) and the obligations of LB Preferred under the Operating Agreement.

  • LB Preferred Assignee agrees that it will not cause the removal of FNI as the Administrative Managing Member (as defined in the Operating Agreement) pursuant to the provisions of Section 5.6 of the Operating Agreement, and that it will not cause a change in the status of FNI pursuant to the provisions of Section 5.7 of the Operating Agreement.

  • LB Preferred Assignee hereby accepts the LB Preferred Membership Interest as of the Effective Date and assumes all covenants, conditions and obligations required to be kept, performed and fulfilled by LB Preferred with respect to the LB Preferred Membership Interest under the Operating Agreement and the Act, including specifically, without limitation, the obligation of LB Preferred to cure any and all defaults or events of default of LB Preferred under the Operating Agreement or the Act.

Related to Preferred Assignee

  • Qualified Assignee means (a) any Lender, any Affiliate of any Lender and, with respect to any Lender that is an investment fund that invests in commercial loans, any other investment fund that invests in commercial loans and that is managed or advised by the same investment advisor as such Lender or by an Affiliate of such investment advisor, and (b) any commercial bank, savings and loan association or savings bank or any other entity which is an "accredited investor" (as defined in Regulation D under the Securities Act of 1933) which extends credit or buys loans as one of its businesses, including insurance companies, mutual funds, lease financing companies and commercial finance companies, in each case, which has a rating of BBB or higher from S&P and a rating of Baa2 or higher from ▇▇▇▇▇'▇ at the date that it becomes a Lender and which, through its applicable lending office, is capable of lending to Borrower without the imposition of any withholding or similar taxes; provided, that (i) no Person determined by Agent to be acting in the capacity of a vulture fund or distressed debt purchaser shall be a Qualified Assignee, (ii) no Person or Affiliate of such Person (other than a Person that is already a Lender) holding Subordinated Debt or Stock issued by any Credit Party shall be a Qualified Assignee and (iii) at any time no Event of Default described in any of Sections 8.1(a), 8.1(h) or 8.1(i) is then in existence, no Person that is engaged in any line of business involving the sale, rental, leasing, management, servicing or outsourcing of medical equipment, and is identified by Borrower to Agent as being disqualified as a Qualified Assignee due to being engaged in any such line of business prior to the consummation of an assignment or sale to such Person described in Section 9.1(a), shall be a Qualified Assignee.

  • Permitted Assignee means (a) with respect to a partnership, its partners or former partners in accordance with their partnership interests, (b) with respect to a corporation, its stockholders in accordance with their interest in the corporation, (c) with respect to a limited liability company, its members or former members in accordance with their interest in the limited liability company, (d) with respect to an individual party, any Family Member of such party, (e) an entity that is controlled by, controls, or is under common control with a transferor, or (f) a party to this Agreement.

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

  • Permitted Assignees means: (a) Agent, any Lender or any of their direct or indirect Affiliates; and (b) any fund that is administered or managed by Agent or any Lender, an Affiliate of Agent or any Lender or a related entity.

  • Permitted Assign means, for a person that is an employee, executive officer, director or consultant of an issuer or of a related entity of the issuer,