Common use of Obligation to be a Single Purpose Entity Clause in Contracts

Obligation to be a Single Purpose Entity. (i) Each Borrower has been a Single Purpose Entity at all times since its formation and will continue to be a Single Purpose Entity at all times until the Loan has been paid in full and the Lenders have no further obligations to make Loans. (ii) The “single purpose entity” provisions included in the organizational documents of each Borrower shall not, without Agent’s prior written consent, be amended, rescinded or otherwise revoked until the Loan has been paid in full and the Lenders have no obligation to make Loans.

Obligation to be a Single Purpose Entity. (i) Each Borrower has been a Single Purpose Entity at all times since its formation and and, notwithstanding anything in this Agreement or any other Loan Document to the contrary, will continue to be a Single Purpose Entity at all times until the Loan has Loans have been paid in full and the Lenders have no further obligations to make Loansfull. (ii) [Intentionally Omitted.] (iii) The “single purpose entity” provisions included in the organizational documents of each Borrower shall not, without Agent’s Required Lenders’ prior written consent, be amended, rescinded or otherwise revoked until the Loan has Loans have been paid in full and the Lenders have no obligation to make Loansfull. (iv) [Intentionally Omitted.]

Obligation to be a Single Purpose Entity. (i) Each Borrower has been a Single Purpose Entity at all times since its formation commencing on the date of this Agreement and will continue to be a Single Purpose Entity at all times until the Loan has Loans have been paid in full and the Lenders have no further obligations to make Loansfull. (ii) [Intentionally Omitted.] (iii) The “single purpose entity” provisions included in the organizational documents of each Borrower shall not, without Agent’s 's prior written consent, be amended, rescinded or otherwise revoked until the Loan has Loans have been paid in full and the Lenders have no obligation to make Loansfull. (iv) [Intentionally Omitted.]

Obligation to be a Single Purpose Entity. (i) Each Borrower has been a Single Purpose Entity at all times since its formation and and, notwithstanding anything in this Agreement or any other Loan Document to the contrary, will continue to be a Single Purpose Entity at all times until the Loan has Loans have been paid in full and the Lenders have no further obligations to make Loansfull. (ii) [Intentionally Omitted.] (iii) The “single purpose entity” provisions included in the organizational documents of each Borrower shall not, without Agent’s prior written consent, be amended, rescinded or otherwise revoked until the Loan has Loans have been paid in full and the Lenders have no obligation to make Loansfull. (iv) [Intentionally Omitted.]