Examples of Cayman Seller in a sentence
None of the Servicers or the Cayman Seller will take any action or omit to take any action that could, individually or in the aggregate, reasonably likely cause Cayman Seller to be treated as engaged in the conduct of a trade or business in the United States for U.S. federal income tax purposes or otherwise be subject to U.S. federal, state, or local income or franchise tax.
The Cayman Seller is an exempted company with limited liability duly formed, validly existing and in good standing under the laws of the Cayman Islands, and is duly qualified to do business, and is in good standing, as a foreign limited liability company in every jurisdiction where the nature of its business requires it to be so qualified if any failure to be so qualified would be reasonably likely to have a Material Adverse Effect.
The parties hereto acknowledge that Canadian Receivables sold by Garland to the Cayman Seller under the Canadian Purchase and Sale Agreement have been sold on a servicing-included basis and no additional compensation is payable to Garland for acting as the Applicable Servicer of the Canadian Receivables hereunder.
The Sellers hereby agree (I) to deliver no more than 6 Investment Notices, in the aggregate, to the Agent during any calendar month, (II) not to deliver any Investment Notice to the Agent requesting an Investment in a currency for which any other Investment Notice for an Investment denominated in such currency is currently outstanding and (III) that an Investment denominated in any Approved Currency other than U.S. Dollars shall be funded only to the Cayman Seller.
The Cayman Seller is an exempted limited partnership duly formed, and registered and is validly existing and in good standing under the Laws of the Cayman Islands and has all requisite entity power and authority to carry on its business as it is now being conducted.
The Cayman Seller and U.S. Seller, together, are the sole record and beneficial owners of the Transferred Equity Securities in respect of the Dutch Parent Company and have good and valid title to the Transferred Equity Securities in respect of the Dutch Parent Company, free and clear of all Encumbrances.
The Cayman Seller is the sole record and beneficial owner of the Transferred Equity Securities in respect of the U.S. Parent Company and has good and valid title to the Transferred Equity Securities in respect of the U.S. Parent Company, free and clear of all Encumbrances.
US Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of California, and Cayman Seller is a corporation duly organized, validly existing and in good standing under the laws of the Cayman Islands.
Cayman Seller has delivered to Buyer true and complete copies of the Articles of Association and related charter documents of Cayman Seller as presently in effect.
The Seller GP, acting on behalf of the Cayman Seller, and the U.S. Seller, each have duly and validly executed and delivered this Agreement and, on or prior to the Closing, the Seller GP, acting on behalf of the Cayman Seller, and the U.S. Seller, as applicable, will have duly and validly executed and delivered the Ancillary Agreements.