New Entities Sample Clauses
New Entities. Borrower owns no equity interests in any partnership, limited liability company, corporations or other entity. Until Lender’s obligations hereunder have terminated and the Debt is paid in full, Borrower agrees that it shall not create, organize or acquire any interest in any limited partnership, limited liability company, corporation or other entity (collectively, a “New Entity”) without complying with each of the following requirements:
(a) Borrower shall give Lender prior written notice of its intent to create, organize or acquire a New Entity;
(b) if the New Entity will receive or benefit from any Advance hereunder, such new Entity shall become a new co-borrower under this Agreement and in connection therewith, shall execute all agreements, counterparts and joinders to the Loan Documents required by Lender in connection therewith promptly upon the formation of the New Entity, but in any event, no later than the earlier of (i) thirty (30) days after formation or acquisition, or (ii) the closing of the first Advance to the New Entity; and
(c) Borrower shall provide Lender with all information and documents required to be delivered to Lender by Section 6.1 and Section 7.1 of this Agreement or otherwise requested by Lender in relation to the New Entity and its assets, any real property owned or to be acquired by the New Entity, and the owners of the New Entity.
New Entities. GFB-AS will form one or more wholly owned subsidiaries to be admitted as the new general partners of the Investing Partnerships and the new managing partners of the Owning Partnerships. GFB-AS will cause its affiliates, Summerville Healthcare, Inc. and Brookdale Living Communities, Inc., to form one or more subsidiaries wholly owned by either or both of them to manage the Facilities.
New Entities. Borrowers shall not make any material sales or
New Entities. With respect to Michaels’ acquisition of other entities, or Michaels’ inclusion of additional Affiliates or Authorized Users (collectively, “New Entities”), Supplier shall, as requested by Michaels, provide support services as necessary to incorporate the New Entities’ information technology systems into the Systems, including those services specified in the Statements of Work and any required planning and design services, and shall upon Michaels’ request, provide the Services, whether all or a portion specified by Michaels, to the New Entities in accordance with this Agreement. Michaels retains the financial responsibility for the Services so provided and to cause each New Entities to comply with all obligations of Michaels as they apply to such Services. Suppliers’ charges as a result of the provision of the Services to a New Entity shall be in accordance with this Agreement. Supplier may also charge additional one-time Fees for the completion of any services, functions, and responsibilities necessary for the incorporation of the New Entities’ information technology systems into the Systems where such Fees have been agreed upon by Michaels and Supplier prior to Supplier commencing the provision of any such services, functions or responsibilities. To the extent any acquisition by Michaels results in additional Services or any New Services for the Supplier under this Agreement, any due diligence activity performed by Supplier on behalf of Michaels shall be at no cost to Michaels. For clarity, if Michaels requires or requests any other services, activity or responsibility in addition to due diligence, Supplier shall be entitled to xxxx Xxxxxxxx for such additional effort unless Michaels permits Supplier to utilize the existing resources and personnel already charged to Michaels.
New Entities. 15 (i) 3
New Entities. If OTI acquires any additional Affiliate during the Term and OTI desires that IBM provide Services for such Affiliate, IBM will provide such Affiliate with Services in accordance with this Agreement, subject to OTI's agreement to pay additional charges if IBM's acceptance of such responsibilities requires New Services as described in Section 6.3.
New Entities. Any new entity that is now or hereafter formed, purchased or otherwise acquired by GMII, General Media, Inc. or any of their respective subsidiaries or affiliates for the purpose of publishing one or more Publications shall be deemed to be a Publisher within the meaning of the Distribution Agreement, as amended hereby, and shall be bound by the terms and conditions thereof and hereof.
New Entities. Triad will form one or more wholly owned subsidiaries to be admitted as the new general partners of the Investing Partnerships and the new managing partners of the Owning Partnerships. Capital will form one or more wholly owned subsidiaries to manage the Facilities.
New Entities. Parent and the New Entities shall not permit prior to the Distribution any New Entity to conduct any activities other than the negotiation and execution of this Agreement and the Other Transaction Documents and the consummation of the Transactions; and
New Entities. If Borrower causes any new entities to be created to conduct business activities similar to, or related to, its current business activities, such new entities shall immediately execute unlimited guaranties of the Indebtedness.