Common use of Organization Business Clause in Contracts

Organization Business. It shall (i) other than in connection with a public offering of its securities, maintain and preserve its existence as a Delaware limited liability company and cause each Project Company hereunder to maintain and preserve its existence as a limited liability company in the jurisdiction of its organization and (ii) engage only in the business of developing, financing, ownership, construction and/or operations of the wind energy generation projects, and cause each Project Company to engage only in the business of developing, financing, ownership, construction and/or operations of the respective Eligible Qualified Project.

Appears in 4 contracts

Samples: Guaranty, Guaranty (First Wind Holdings Inc.), Guaranty (First Wind Holdings Inc.)

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