Common use of Special Purpose Clause in Contracts

Special Purpose. Without in any way limiting the provisions of this Article 4, Borrower shall at all times be a Special Purpose Bankruptcy Remote Entity. Borrower shall not 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.

Appears in 12 contracts

Samples: Loan Agreement (NOVONIX LTD), Loan Agreement (NOVONIX LTD), Loan Agreement (Medalist Diversified REIT, Inc.)

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Special Purpose. (a) Without in any way limiting the provisions of this Article 4, Borrower shall at all times be a Special Purpose Bankruptcy Remote Entity. Borrower shall not directly or indirectly make make, or permit any Borrower Affiliate to make, any change, amendment or modification to its organizational documentsthe Borrower Organizational Documents, or otherwise take any action which could result in Borrower not being a Special Purpose Bankruptcy Remote Entity.

Appears in 2 contracts

Samples: First Mezzanine Loan Agreement (Clipper Realty Inc.), First Mezzanine Loan Agreement (Clipper Realty Inc.)

Special Purpose. Without in any way limiting the provisions of this Article 4, Borrower shall at all times be a Special Purpose Bankruptcy Remote Entity. Borrower shall not 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.

Appears in 1 contract

Samples: Loan Agreement (Washington Prime Group, L.P.)

Special Purpose. Without in any way limiting the provisions of this Article 4, each of Borrower and Owner shall at all times be a Special Purpose Bankruptcy Remote Entity. Neither Borrower nor Owner shall not directly or indirectly make any change, amendment or modification to its organizational documents, or otherwise take any action which could result in Borrower or Owner not being a Special Purpose Bankruptcy Remote Entity.Entity.β€Œ

Appears in 1 contract

Samples: Mezzanine Loan Agreement

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Special Purpose. Without in any way limiting the provisions of this Article 4, Borrower shall at all times be a Special Purpose Bankruptcy Remote EntityEntity in compliance with the representations and warranties, covenants and requirements set forth in Schedule V (which are incorporated herein in their entirety by reference). Borrower shall not not, directly or indirectly 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.

Appears in 1 contract

Samples: Loan Agreement (Strategic Hotels & Resorts, Inc)

Special Purpose. Without in any way limiting the provisions of this Article 4, Borrower shall at all times be a Special Purpose Bankruptcy Remote Entity. Borrower shall not directly or indirectly make any change, amendment or modification to its organizational documents, or otherwise take any action which could is reasonably expected to result in Borrower not being a Special Purpose Bankruptcy Remote Entity.

Appears in 1 contract

Samples: Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)

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