REGULATED ENTITY

REGULATED ENTITY. Means any Person, subject to federal, state, provincial, local or other statute, regulation or other law which limits, restricts or affects the authority or ability of (i) such Person or (ii) the owner of any equity interest in or of such Person, to enter into a guaranty of, or grant a security interest in, or pledge of any of its assets to secure, the indebtedness, liabilities or obligations of any other Person or affiliate thereof.