Special Purpose Status. The Issuer has not engaged in any activities since its organization (other than those incidental to its organization and other appropriate limited liability company steps and arrangements for the payment of fees to, and director’s and officer’s insurance for, its member, special member and manager), the execution of the Issuer Documents and the Operative Agreements to which it is a party and the activities referred to in or contemplated by such agreements.
Special Purpose Status. The Borrower has not engaged in any activities since its organization (other than those incidental to its incorporation and other appropriate steps and arrangements for the payment of fees to, and director’s and officer’s insurance for, the Directors, the authorization and issuance of the Loans and the Class E Securities, the execution of the Related Documents to which it is a party and the activities referred to in or contemplated by such agreements), and the Borrower has not paid any dividends or other distributions since its organization.
Special Purpose Status. The Company has not engaged in any ---------------------- activities since its incorporation other than those incidental to its incorporation and other appropriate corporate steps including the issue of shares and arrangements for the payment of fees to its directors, the leasing and subleasing of the Units and the execution of the Company Documents and the Operative Agreements to which the Company is a party and the activities referred to in or contemplated by such agreements.
Special Purpose Status. The Issuer has not engaged in any activities since its organization (other than those incidental to its organization and other appropriate trust steps and arrangements for the payment of fees to, and director's and officer's insurance for, the Controlling Trustees, the Alternate Controlling Trustee and the Independent Trustees, the purchase of the Initial Aircraft and interests in the Initial Leases, the authorization and the issuance of the Initial Notes, the execution of the Related Documents and the activities referred to in or contemplated by such agreements), and the Issuer has not paid any dividends or other distributions since its organization.
Special Purpose Status. The Issuer has not engaged in any activities since its organization (other than those incidental to its organization and other appropriate steps in connection with the transactions contemplated by the Transaction Documents, including
Special Purpose Status. The Issuer has not engaged in any activities since its formation (other than those incidental to its formation and other appropriate steps including the authorization and the issuance of the Notes and the Class R Certificates and the execution of the Underwriting Agreement, the Certificate Placement Agreement and this Agreement), and the Issuer has not made any distributions since its formation.
Special Purpose Status. As of the Initial Closing Date only, (i) the Issuer has not engaged in any activities since its incorporation (other than those incidental to its incorporation and other appropriate corporate steps including the issue of shares and arrangements for the payment of fees to, and director’s and officer’s insurance for, the members of its Board, the authorization and the issuance of the Initial Notes and the execution of the Related Documents and the activities referred to in or contemplated by such agreements), and (ii) the Issuer has not paid any dividends or other distributions since its incorporation. The Issuer has not engaged in any activities since its incorporation that are prohibited under the Related Documents.
Special Purpose Status. The Issuer has not engaged in any activities since its organization (other than those incidental to its organization and other appropriate steps in connection with the transactions contemplated by the Transaction Documents, including arrangements for the payment of the fees of its trustee, the issuance and sale of the Senior Notes and the WCL Interest in exchange for the consideration received therefor, the purchase and receipt of the WCG Note, the preparation, execution and delivery of any applications with any Governmental Authority, the execution of the Transaction Documents to which it is a party executed on or prior to the date hereof and the other activities referred to in or contemplated by such Transaction Documents) and has not made any distributions since its organization, other than those contemplated by the Transaction Documents. The Co-Issuer has not engaged in any activities since its incorporation (other than those incidental to its incorporation and other appropriate steps in connection with the transactions contemplated by the Transaction Documents, including the issuance of stock to the Issuer and arrangements for the payment of fees to its directors, the authorization and the issuance of the Senior Notes, the execution of the Transaction Documents to which it is a party executed on or prior to the date hereof and the activities referred to in or contemplated by such Transaction Documents) and has not paid any dividends or made any distributions since its incorporation.
Special Purpose Status. Each of the LLCs, the Trusts and the Co‑Issuer has not engaged in any activities since its organization (other than those incidental to its organization and other appropriate steps including (i) the issue of member interests (in the case of the LLCs), (ii) the issue of certificates representing beneficial ownership interests in such Trust and arrangements for the payment of fees to its trustees (in the case of the Trusts), (iii) the issue of its stock to Osprey and arrangements for the payment of fees to its directors (in the case of the Co‑Issuer), (iv) the authorization and the issue of the Osprey Notes (in the case of Osprey and the Co‑Issuer) and the Osprey Certificates (in the case of Osprey), (v) the execution of the Transaction Documents to which it is a party executed on or prior to the date hereof and (vi) the activities referred to in or contemplated by such Transaction Documents), and has not paid any dividends or made any distributions since its organization other than those contemplated by the Transaction Documents."
6. Section 5.2(b) is amended to read as follows:
Special Purpose Status. The Issuer has not engaged in any activities since its incorporation (other than those related to the issuance of the Initial Notes, the transactions contemplated by the Original Indenture and those incidental to its incorporation and other appropriate corporate steps including the issue of shares and arrangements for the payment of fees to, and director’s and officer’s insurance for, the members of its Board, the authorization and the issuance of the Second Issuance Notes, the execution of the Related Documents and the activities referred to in or contemplated by such agreements), and the Issuer has not paid any dividends or other distributions since its incorporation.
