Entity Organization. Each Credit Party which is an entity will (i) remain (A) validly existing and in good standing in the state of its organization and (B) qualified to do business and in good standing in each other state where the nature of its business or the property owned by it make such qualification necessary, and (ii) maintain all governmental permits, licenses and authorizations. Customer shall give MLBFS not less than 30 days prior written notice of any change in name (including any fictitious name) or chief executive office, place of business, or as applicable, the principal residence of any Credit Party.
Entity Organization. Mortgagor shall own and hold the Property and the Rents therefrom, and the Chattels and Intangible Personalty as Mortgagor’s sole assets. Mortgagor shall not engage in any business other than the ownership, management and operation of the Property, Chattels and Intangible Personalty. Mortgagor shall not guarantee or otherwise become liable for, or pledge its assets to secure, the Indebtedness or obligations of any other Person. Mortgagor shall not incur any other Indebtedness other than amounts owed to trade creditors in the ordinary course of business.
Entity Organization. Each Credit Party which is an entity will (i) remain (A) validly existing and in good standing in the state of its organization and (B) qualified to do business and in good standing in each other state where the nature of its business or the property owned by it make such qualification necessary and the failure to do so materially adversely affects MLC’s interest in the Collateral or its ability to enforce the terms of the Loan Documents or exercise any remedies thereunder or under applicable law, as reasonably determined by MLC, and (ii) maintain all governmental permits, licenses and authorizations where the failure to do so would and the failure to do so materially adversely affects MLC’s interest in the Collateral or its ability to enforce the terms of the Loan Documents or exercise any remedies thereunder or under applicable law, as reasonably determined by MLC. Customer shall give MLC not less than 30 days prior written notice of any change in name (including any fictitious name) or chief executive office, place of business, or as applicable, the jurisdiction of organization or principal residence.
Entity Organization. Purchaser is a limited liability company created and existing pursuant to the Indiana Business Flexibility Act, as amended, created and existing under the laws of the State of Indiana, and has all requisite power and authority to own, lease and operate the Acquired Assets and the System as operated on the Effective Date and to perform its obligations hereunder.
Entity Organization. Parent is a corporation duly incorporated, validly existing and in good standing under the laws of Nevada. The Company is a limited liability company duly organized, validly existing and in good standing under the laws of Delaware. Each of Parent and the Company has the full right, power and authority to own, lease and operate all of its properties and assets and to carry out its business as it is presently contemplated to be conducted.
Entity Organization. Mission Financial Partners, LLC is a limited liability company. An affiliate, Mission Investment Adviser, LLC is a registered investment advisor. Mission Financial Partners, LLC and Mission Investment Adviser, LLC are wholly-owned subsidiaries of MFP Capital Group, Inc, Inc., a holding company.
Entity Organization. Amendment to or waiver of any of the provisions of the Organizational Documents, entering into or approving any merger, consolidation, amalgamation, recapitalization or other form of business combination or Change of Control involving the Company or any of its Subsidiaries (whether by sale of Equity Securities, assets or otherwise) or effecting any change in corporate structure that would result in the Company not being taxable as a corporation;
Entity Organization. Converting the Company to another type of business entity;
Entity Organization. (1) Pledgor shall not, and shall not permit any Borrower to, (1) cancel or terminate the Organizational Documents of Pledgor, as applicable, or any Borrower, or consent to or accept any cancellation or termination thereof, (2) amend, supplement or otherwise modify the Organizational Documents of Pledgor, as applicable, or any Borrower (as in effect on the date hereof and as thereafter amended, modified or supplemented with the consent of Lender, which consent shall not be unreasonably withheld) or (3) petition, request or take any other legal or administrative action that seeks, or may reasonably be expected, to rescind, terminate, amend, modify or suspend the Organizational Documents of Pledgor, as applicable, or any Borrower. Without limiting the foregoing, Pledgor shall not agree to any election by any Borrower to treat its membership or ownership interests as securities governed by the Uniform Commercial Code of any jurisdiction and, in any event, shall promptly notify Lender in writing if the representation set forth in Section 3.8(I)(h) hereof becomes untrue for any reason and, in such event, take such action as Lender may request in order to establish the Lender’s “control” (within the meaning of
Entity Organization. Borrower is a limited liability company, duly existing and in good standing under the laws of the State of Delaware, and is duly qualified and in good standing as a limited liability company authorized to do business in each jurisdiction where such qualification is required because of the nature of its activities or properties and where a failure to so qualify would reasonably be expected to have a Material Adverse Effect on its business, operations, assets or condition, financial or otherwise.
