Common use of Special Purpose Entity Requirements Clause in Contracts

Special Purpose Entity Requirements. Conduct at any time its business or operations in contravention (in all material respects, or as so qualified, as applicable) of the Special Purpose Entity Requirements. Modify, amend or supplement its Organization Documents in any manner inconsistent with the Special Purpose Entity Requirements or otherwise materially adverse to the Lenders. Be party to any agreement (other than customary trade-related agreements or Collateral Asset Documents) under which it has any material obligation or liability (direct or contingent) without including customary “non-petition” provisions substantially similar to Section 10.20(b), other than with the consent of the Administrative Agent. Fail at any time to maintain at least one Special Member (as such term is defined in the Organization Documents).

Special Purpose Entity Requirements. (a) Conduct at any time its business or operations in contravention (in all material respects, or as so qualified, as applicable) of the Special Purpose Entity Requirements. . (b) Modify, amend or supplement its Organization Documents in any manner inconsistent with the Special Purpose Entity Requirements or otherwise materially adverse to the Lenders. Lenders without the prior written consent of the Administrative Agent in its sole discretion. (c) Be party to any agreement (other than customary any trade-related agreements agreement or Collateral Asset DocumentsUnderlying Instrument) under which it has any material obligation or liability (direct or contingent) without including customary “non-petition” provisions substantially similar to Section 10.20(b11.20(b), other than with the consent of the Administrative Agent. Fail at any time to maintain at least one Special Member (as such term is defined in the Organization Documents).

Special Purpose Entity Requirements. (a) Conduct at any time its business or operations in contravention (in all material respects, or as so qualified, as applicable) of the Special Purpose Entity Requirements. . (b) Modify, amend or supplement its Organization Documents in any manner inconsistent with the Special Purpose Entity Requirements or otherwise materially adverse to the Lenders. Lenders (as determined by the Administrative Agent in its reasonable discretion). (c) Be party to any agreement (other than customary trade-related agreements or Collateral Asset Documents) under which it has any material obligation or liability (direct or contingent) without including customary “non-petition” provisions substantially similar to Section 10.20(b), other than with the consent of the Administrative Agent. . (d) Fail at any time to maintain at least one Special Member Manager (as such term is defined in the Organization Documents).

Special Purpose Entity Requirements. 80 Conduct at any time its business or operations in contravention (in all material respects, or as so qualified, as applicable) of the Special Purpose Entity Requirements. Modify, amend or supplement its Organization Documents in any manner inconsistent with the Special Purpose Entity Requirements or otherwise materially adverse to the Lenders. Be party to any agreement (other than customary trade-related agreements or Collateral Asset Documents) under which it has any material obligation or liability (direct or contingent) without including customary “non-petition” provisions substantially similar to Section 10.20(b), other than with the consent of the Administrative Agent. Fail at any time to maintain at least one Special Member (as such term is defined in the Organization Documents).

Special Purpose Entity Requirements. (a) Conduct at any time its business or operations in contravention (in all material respects, or as so qualified, as applicable) of the Special Purpose Entity Requirements. . (b) Modify, amend or supplement its Organization Documents in any manner inconsistent with the Special Purpose Entity Requirements or otherwise materially adverse to the Lenders. Lenders without the prior written consent of the Administrative Agent. (c) Be party to any agreement (other than customary trade-related agreements or the agreements evidencing any Collateral Asset DocumentsAsset) under which it has any material obligation or liability (direct or contingent) without including customary “non-petition” provisions substantially similar to Section 10.20(b11.20(b), other than with the consent of the Administrative Agent. Fail at any time to maintain at least one Special Member (as such term is defined in the Organization Documents).