Single Purpose Entities Sample Clauses
Single Purpose Entities. (a) The general partners referenced in the Recitals have not conducted any business other than serving as general partners of the Partnerships and taking and performing actions related or incidental thereto.
(b) Except as set forth in Schedule 6.2, the issuers of the Shares have no material liabilities or obligations to any person or entity (whether known or unknown, whether asserted or unasserted, whether actual or contingent, whether accrued or unaccrued, whether liquidated or unliquidated and whether due or to become due). Except as set forth on Schedule
Single Purpose Entities. The Westcor Guarantors shall maintain themselves as Single Purpose Entities. The Wilmorite Guarantors shall maintain themselves as Single Purpose Entities.
Single Purpose Entities. Each Borrower shall at all times maintain and conduct itself as a Single-Purpose entity.
Single Purpose Entities. The Westcor Borrowers shall maintain themselves as Single Purpose Entities.
Single Purpose Entities. Borrower shall cause each Transaction Party (other than the TOUSA Guarantors) to maintain themselves as Single Purpose Entities.
Single Purpose Entities. In the case of any Mortgage Loan in excess of $5,000,000, the related Mortgagor has covenanted in its respective organizational documents and/or the underlying Mortgage Loan documents to own no significant asset other than the related Mortgaged Properties, as applicable, and assets incidental to its respective ownership and operation of such Mortgaged Properties, and to hold itself out as being a legal entity, separate and apart from any other Person.
Single Purpose Entities. 10.1 Each Borrower and Gatlinburg Obligor have been since their formation, and will continue to be, Single-Purpose Entities.”
2.11 The Original Loan Agreement is hereby amended to add a new Section 11 to the Original Loan Agreement as follows:
Single Purpose Entities. Each Subsidiary of the Borrower that owns title to a Property shall be organized as a single purpose entity.
Single Purpose Entities. (i) each of SIL and SCI is a single purpose corporation that has never carried on any business, has only been engaged in holding the shares in the capital of SCI and/or Corporation, never had any employees, has not held and does not own or hold any property or assets or any interests therein of any nature or kind whatsoever other than the shares in the capital of Corporation;
(ii) there are no claims, actions, proceedings, orders, suits, investigations, inquiries, reviews, judgments or decrees pending or, to the knowledge of the Silanis Companies, threatened against or involving SIL or SCI before any Governmental Entity and, as at the date hereof, neither SIL or SCI is subject to a judgment, order or decree.
Single Purpose Entities. Except as otherwise permitted by this Lease, each of Landlord and Tenant hereby represents and warrants that it has been organized as a single purpose entity, solely for the purpose of entering into this Lease and the other agreements contemplated hereby and performing the obligations required hereunder and under the other agreements contemplated hereby. Each of Landlord and Tenant covenants that as of the date hereof and through the Term it will comply with the special purpose entity covenants contained in the loan documents related to any Mortgage by the Landlord.