Sole Business. Neither of the Borrower and BRC is engaged in any business other than as described in the Private Placement Memorandum.
Sole Business. The Servicios Company is not involved in any business or activity except for the business of supplying employees for the operation and maintenance of the Piedras Negras Plant and providing related human resources, benefits and insurance, compliance, and payroll services to the Piedras Negras Plant. The Servicios Company does not own any real property.
Sole Business. 17 6.13 Investment Company Act......................................17 6.14 Private Placement Memorandum................................18 6.15 Pledged Securities..........................................18 6.16 Subsidiaries................................................18 6.17 Belrose Realty Corporation..................................18 6.18 Preferred Equity Interests..................................18
Sole Business. Puerto Rico is and shall be the only jurisdiction in which the Company owns real property or conducts business and the sole business conducted by the Company at any time is and shall be the development and operation of the Project as a first class destination resort.
Sole Business. Since its organization, ZP-II's sole business has been the ownership and operation of the ZP-II Project.
Sole Business. Until the Loan has been paid in full, Borrower (i) shall not engage in any business or activity other than the acquisition, development, ownership, operation, leasing, managing and maintenance of the Project, entering into the Loan and activities incidental thereto; and (ii) shall not acquire or own any assets other than the Project and such incidental personal property as may be necessary or desirable for the operation of the Project.
Sole Business. 17 6.13 Investment Company Act......................................17 6.14 Private Placement Memorandum................................18 6.15 Pledged Securities..........................................18 6.16 Subsidiaries................................................18 6.17 Belcrest Realty Corporation.................................18 6.18 Preferred Equity Interests..................................18
Sole Business. 14.7.1. The Borrower shall procure that: (a) Gazit Midas shall not carry on any business of whatsoever nature, save for the acquisition and holding of the Pledged XXX Shares and save (but without derogating from clause 14.6 above), for the acquisition, holding, selling and exercising of other shares or Securities of XXX; and (b) any acquisition or exercise of shares or Securities of XXX by Gazit Midas as referred to in this clause 14.7.1, will be financed only by way of investments by the Borrower in the share capital of, or by provision by the Borrower of shareholders’ loans to, Gazit Midas.
14.7.2. Without derogating from the aforegoing, the Borrower shall procure that Gazit Midas will not be party to any Contracts, save for the Relationship Agreement, the Relationship Agreement Deed of Assignment, the Atrium Deed, the Transaction Agreement, the Shareholders’ Agreement, the CPI/Gazit MTA Deed of Assignment, the Borrower MTA Assignment and any other Voting Agreement, the Finance Documents to which it is a party, shareholders’ loan agreements relating to shareholders’ loans received by Gazit Midas from the Borrower and the agreements for the purchase or disposition of Securities of XXX (other than the Pledged XXX Shares).
Sole Business. The Company was formed for the sole purpose of acquiring and commercializing the Assigned Assets and assuming the Assumed Liabilities. Except as contemplated in the Transaction Documents, the Company has not conducted any other business or activity other than acquiring the Assigned Assets and assuming the Assumed Liabilities. Other than the Contracts set forth in Schedule 3.7 of the Disclosure Schedule, the Company has not entered into any Contracts relating to the sale, lease, license, transfer or other disposition of any of the Assigned Assets or any other assets or properties.
Sole Business. The Pledgor is the sole general partner of the Partnership. The Pledgor is not engaged in any transaction or activity unrelated to the management, development, financing, operation and/or maintenance of the Partnership and the Project.
