February 25, 2020, (g) that certain Purchase and Sale Agreement between PR Moorestown Anchor M, LLC and PR Moorestown Anchor L&T, LLC, as seller, and Briad Development, LLC, as buyer, dated September 6, 2019, (h) that certain Real Estate Purchase and Sale Agreement between PR Woodland Limited Partnership, a seller, and Development Link, LLC, as buyer, dated January 31, 2019, (i) that certain Purchase and Sale Agreement between PR Sunrise Outparcel 2 LLC, as seller, and 2020 Equities, LLC, as buyer, dated July 21, 2020, (j) an agreement to be entered into between Cherry Hill Center LLC, as seller, and MCB Acquisition Company, Angelo Gordon Real Estate Inc., NRP and/or any assignees thereof, as buyer, for certain parcels of the property commonly known as Cherry Hill Mall, Cherry Hill, New Jersey, (k) an agreement to be entered into between Franconia II LLC, as seller, and Intermountain Management, LLC or its assignee, as buyer, for certain parcels of the property commonly known as Springfield Town Center, Springfield, Virginia, and (l) an agreement to be entered into between Moorestown Mall, LLC, as seller, and MCB Acquisition Company, Angelo Gordon Real Estate Inc., NRP and/or any assignees thereof, as buyer, for certain parcels of the property commonly known as Moorestown Mall, Moorestown, NJ, as each of the agreements set forth in subsections (a) through (l) may be amended, supplemented, or assigned from time to time.
Recipient means (a) the Administrative Agent, and (b) any Lender.
Register has the meaning given that term in Section 11.6(c).
Regulatory Change means, with respect to any Lender, any change effective after the Agreement Date (or with respect to any Lender that becomes a party to this Agreement after the Agreement Date, any change effective after the date on which such Lender becomes a party hereto) in Applicable Law (including without limitation, Regulation D of the Board of Governors of the Federal Reserve System) or the adoption or making after such date of any interpretation, directive or request applying to a class of banks, including such Lender, of or under any Applicable Law (whether or not having the force of law and whether or not failure to comply therewith would be unlawful) by any Governmental Authority or monetary authority charged with the interpretation or administration thereof or compliance by any Lender with any request or directive regarding capital adequacy. Notwithstanding anything herein to the contrary, (a) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (b) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a Regulatory Change, regardless of the date enacted, adopted or issued.
Replacement Rate has the meaning given that term in Section 4.2(b).
Requisite Lenders means, as of any date, Lenders having more than 66 2/3% of the aggregate amount of the outstanding Term Loans of all Lenders; provided that (i) in determining such percentage at any given time, all then existing Defaulting Lenders will be disregarded and excluded, and (ii) at all times when two or more Lenders (excluding Defaulting Lenders) are party to this Agreement, the term Requisite Lenders shall in no event mean less than two Lenders.
Resolution Authority means (a) any EEA Resolution Authority or (b) any UK Resolution Authority.
Responsible Officer means with respect to a Borrower or any other Subsidiary, the chief executive officer, president and/or chief financial officer or treasurer of such Borrower, or the corresponding officer of each such Subsidiary, or if any of the foregoing is a partnership, such officer of its general partner.