Common use of SPE Entity Criteria Clause in Contracts

SPE Entity Criteria. With respect to any SPE Entity, a “Single Purpose Entity” means a corporation or a Delaware single member limited liability company which, at all times since its formation and thereafter complies in its own right with each of the requirements contained in §7.21(b)(i)(A)-(X) except that: (A) with respect to §7.21(b)(i)(A) the SPE Entity shall not engage in any business or activity other than being the sole managing member or general partner, as the case may be, of Borrower and owning its Equity Interest in Borrower; (B) with respect to §7.21(b)(i)(B), the SPE Entity has not and shall not acquire or own any assets other than its Equity Interest in Borrower; and (C) with respect to §7.21(b)(i)(M) the SPE Entity has not and shall not incur any debt, secured or unsecured, direct or contingent (including, without limitation, guaranteeing any obligation) other than the Obligations and Hedge Obligations;

SPE Entity Criteria. With respect to any SPE Entity, a “Single Purpose Entity” means a corporation or a Delaware single member limited liability company which, at all times since its formation and thereafter complies in its own right with each of the requirements contained in §7.21(b)(i)(A)-(X) Section 7.15(b)(i)(A)-(V), except that: (A) with respect to §7.21(b)(i)(ASection 7.15(b)(i)(A) the SPE Entity shall not engage in any business or activity other than being the sole managing member or general partner, as the case may be, of Borrower the applicable Subsidiary Guarantor and owning its Equity Interest in Borrowerthe applicable Subsidiary Guarantor; (B) with respect to §7.21(b)(i)(BSection 7.15(b)(i)(B), the SPE Entity has not and shall not acquire or own any assets other than its Equity Interest in Borrowerthe applicable Subsidiary Guarantor; and (C) with respect to §7.21(b)(i)(MSection 7.15(b)(i)(K) the SPE Entity has not and shall not incur any debt, secured or unsecured, direct or contingent (including, without limitation, guaranteeing any obligation) obligation other than with respect to the Obligations Loan and Hedge Obligations;the Senior Loan).

SPE Entity Criteria. With respect to any SPE Entity, a “Single Purpose Entity” means a corporation or a Delaware single member limited liability company which, at all times since its formation and thereafter complies in its own right with each of the requirements contained in §7.21(b)(i)(A)-(X) except that: (A) with respect to §7.21(b)(i)(A) the SPE Entity shall not engage in any business or activity other than being the sole managing member or general partner, as the case may be, of the applicable Subsidiary Borrower and owning its Equity Interest in the applicable Subsidiary Borrower; (B) with respect to §7.21(b)(i)(B), the SPE Entity has not and shall not acquire or own any assets other than its Equity Interest in the applicable Subsidiary Borrower; and (C) with respect to §7.21(b)(i)(M) the SPE Entity has not and shall not incur any debt, secured or unsecured, direct or contingent (including, without limitation, guaranteeing any obligation) other than the Obligations and the Hedge Obligations;

SPE Entity Criteria. With respect to any SPE Entity, a “Single Purpose Entity” means a corporation or a Delaware single member limited liability company which, at all times since its formation or change to such a Single Purpose Entity and thereafter complies in its own right with each of the requirements contained in §7.21(b)(i)(A)-(X7.21(b)(i)(A)-(G) except that: (A) with respect to §7.21(b)(i)(A7.21(b)(i)(G)(b.) the SPE Entity shall not engage in any business or activity other than being the sole managing member or general partner, as the case may be, of the applicable Borrower and owning its Equity Interest in the applicable Borrower; (B) with respect to §7.21(b)(i)(B7.21(b)(i)(G)(h.), the SPE Entity has not and shall not acquire or own any assets other than its Equity Interest in the applicable Borrower; and (C) with respect to §7.21(b)(i)(M7.21(b)(i)(G)(c.) the SPE Entity has not and shall not incur any debt, secured or unsecured, direct or contingent (including, without limitation, guaranteeing any obligation) other than the Obligations and the Hedge Obligations;.