Procedures Observed Clause Samples
Procedures Observed. The Seller observes and shall observe all company procedures required by the Certificate of Organization, its limited liability company agreement and the limited liability company law of the State of Delaware. All distributions of the Seller will be paid and declared in accordance with the law of the State of Delaware.
Procedures Observed. The Depositor will observe all corporate procedures required by its Certificate of Incorporation, its by-laws and the corporation law of the State of Delaware.
Procedures Observed. The SPV Purchaser observes and shall observe all company procedures required by the Certificate of Organization, its limited liability company agreement and the limited liability company law of the State of Delaware. All distributions of the SPV Purchaser will be paid and declared in accordance with the law of the State of Delaware.