Bankruptcy Remote Single Purpose Entities. New Borrower is currently a bankruptcy-remote single purpose entity and will take all necessary company action (including, but not limited to, revising and filing charter and control documents in form, substance and structure as may be reasonably required by Lender) in order for the New Borrower to continue as a bankruptcy-remote single purpose entity.
Appears in 4 contracts
Samples: Assumption and Release Agreement (W2007 Grace Acquisition I Inc), Assumption and Release Agreement (W2007 Grace Acquisition I Inc), Assumption Agreement (American Realty Capital Hospitality Trust, Inc.)
Bankruptcy Remote Single Purpose Entities. New Borrower is currently a bankruptcy-remote single purpose entity and will take all necessary company action (including, but not limited to, revising and filing charter and control documents in form, substance and structure as may be reasonably required by Lender) in order for the New Borrower to continue as a bankruptcy-remote single purpose entityentity to the extent required under the Loan Documents.
Appears in 2 contracts
Samples: Assumption and Release Agreement, Assumption and Release Agreement (American Realty Capital - Retail Centers of America, Inc.)
