Special Purpose Bankruptcy Remote Entity. Each of Borrower and Sole Member has at all times since their formation and at all times thereafter and shall at all times be a Special Purpose Bankruptcy Remote Entity. Neither Borrower nor Sole Member shall directly or indirectly make any change, amendment or modification to its organizational documents, or otherwise take any action which could result in Borrower not being a Special Purpose Bankruptcy Remote Entity.
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Samples: Loan Agreement (Ambase Corp), Loan Agreement (Ambase Corp)
Special Purpose Bankruptcy Remote Entity. Each of Borrower and the Sole Member has at all times since their formation and at all times thereafter and shall at all times be a Special Purpose Bankruptcy Remote Entity. Neither Borrower nor Sole Member shall not directly or indirectly make any change, amendment amendment, or modification to its respective organizational documents, documents or otherwise take any action which could would result in Borrower or the Sole Member not being a Special Purpose Remote Bankruptcy Remote Entity.
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Special Purpose Bankruptcy Remote Entity. Each of Borrower and Sole Member has at all times since their formation and at all times thereafter and shall at all times be a Special Purpose Bankruptcy Remote Entity. Neither Borrower nor Sole Member shall directly or indirectly make any change, amendment or modification to its organizational documents, or otherwise take any action which could result in Borrower or Sole Member not being a Special Purpose Bankruptcy Remote Entity.. A “Special Purpose Bankruptcy Remote Entity” shall have the meaning set forth on Schedule 6 hereto. 5.7
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