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

Obligation to be a Single Purpose Entity. (i) Borrower has been a Single Purpose Entity at all times since its formation 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 Loans have been paid in full.

Obligation to be a Single Purpose Entity. (i) Borrower has been a Single Purpose Entity at all times since its formation and, notwithstanding anything in commencing on the date of this Agreement or any other Loan Document to the contrary, and will continue to be a Single Purpose Entity at all times until the Loans have been paid in full.

Obligation to be a Single Purpose Entity. (i) Each Borrower has been a Single Purpose Entity at all times since its formation or change to a Single Purpose Entity 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 Loans have been paid in fullfull and the Lenders have no further obligations to make advances of the proceeds of the Loans.

Obligation to be a Single Purpose Entity. (i) Each Borrower has been a Single Purpose Entity at all times since its formation and, notwithstanding anything in this Agreement or any other Loan Document to the contrary, and will continue to be a Single Purpose Entity at all times until the Loans have Loan has been paid in fullfull and the Lenders have no further obligations to make Loans.

Obligation to be a Single Purpose Entity. (i) Each Subsidiary Borrower has been a Single Purpose Entity at all times since its formation and, notwithstanding anything in this Agreement or any other Loan Document to the contrary, and will continue to be a Single Purpose Entity at all times until the Loans have been paid in fullfull and the Lenders have no further obligations to make advances of the proceeds of the Loans or issue Letters of Credit.