Certified Capital Company Status and Investments Sample Clauses

Certified Capital Company Status and Investments. Exponential LLC is operating as a certified capital company (a "Capco") under provisions of Section 11 of the New York Tax Law and is, in all respects, fully licensed and legally qualified to do so. Exponential LLC has been certified as a Capco by the New York State Insurance Department and neither Exponential nor Exponential LLC has received written or oral information from the New York State Insurance Department that grounds do or may exist for decertification as a Capco under the provisions of applicable law. Except as set forth on Schedule 3.07, all loans or investments made by Exponential LLC are in compliance with applicable New York State Insurance Department regulations as Capco investments.
Sample 1
AutoNDA by SimpleDocs
Certified Capital Company Status and Investments. Newtek has not received written or oral information from any applicable state authority that grounds do or may exist under applicable law for decertification as a Capco of any certified capital company affiliated with Newtek. Section 4.15
Sample 1

Related to Certified Capital Company Status and Investments

  • Status and Investment Intent (a) Status of the Purchaser. The Purchaser is either (i) an “accredited investor” within the meaning of Rule 501 of Regulation D under the Securities Act or (ii) not a “U.S. person” within the meaning of Regulation S under the Securities Act.

  • Equity Investments Equity Investments, which, to the extent constituting Stock other than common Stock, shall be on terms and conditions and pursuant to documentation reasonably satisfactory to the Joint Lead Arrangers and Bookrunners to the extent material to the interests of the Lenders, in an amount not less than the Minimum Equity Amount shall have been made.

  • Acquisitions and Investments The Borrower will not, nor will it permit any Subsidiary to, make or suffer to exist any Investments (including without limitation, loans and advances to, and other Investments in, Subsidiaries), or commitments therefor, or become or remain a partner in any partnership or joint venture, or to make any Acquisition of any Person, except:

  • Authorized Capital The authorized capital of the Acquirer consists of 200 shares of common stock, $0.0001 par value, of which one share of common stock is presently issued and outstanding;

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Equity Investment “Equity Investment” shall mean pursuant to IRC § 45D(b)(6) and 26

  • Investments, Etc The Borrower will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly-owned Subsidiary prior to such merger), any common stock, Indebtedness or other securities (including any option, warrant, or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make or permit to exist any investment or any other interest in, any other Person (all of the foregoing being collectively called “Investments”), or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person that constitute a business unit, except:

Time is Money Join Law Insider Premium to draft better contracts faster.