Examples of Corporate Loan Parties in a sentence
The Corporate Loan Parties will maintain proper books of record and account in accordance with sound accounting practice in which full, true and correct entries shall be made of all their properties and assets and its dealings and business affairs.
The agreement of the Lender to remit insurance proceeds in the manner above provided shall be subject in each instance to satisfaction of each of the following conditions: (x) No Event of Default or Default shall then have occurred, and (y) the Corporate Loan Parties shall use such insurance proceeds to repair, replace or restore the insurable property which was the subject of the insurable loss and for no other purpose.
Anything hereinabove to the contrary notwithstanding, and subject to the fulfillment of the conditions set forth below, the Lender shall remit to the Corporate Loan Parties insurance proceeds received by Lender during any calendar year under insurance policies procured and maintained by the Corporate Loan Parties which insure Borrowers’ insurable properties to the extent such insurance proceeds do not exceed $100,000 in the aggregate during such calendar year.
Each of the Corporate Loan Parties is duly qualified and in good standing wherever necessary to carry on its present business and operations.
Each of the Corporate Loan Parties is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or formation (which jurisdiction is set forth on Schedule 4.1(A)).
Xxxxxx & Co., LLC, a Delaware limited liability company (“Xxxxxx”; together with Xxxxxxxx and Foodarama, the “Delaware LLC Loan Parties”; and together with the Delaware Corporate Loan Parties, the “Delaware Loan Parties”).
Xxxxxx & Co., LLC, a Delaware limited liability company (“Xxxxxx”; together with American Drug, ASC, Champlin and Foodarama, the “Delaware LLC Loan Parties”; and together with the Delaware Corporate Loan Parties, the “Delaware Loan Parties”).
Borrower shall deliver (or shall cause the applicable Subsidiary Guarantor to deliver) to Lender such certifications or other evidence from time to time, as requested by Lxxxxx in its sole discretion, that the representations and warranties of Corporate Loan Parties contained in Section 3.9 above are true and correct.
The capital stock of each of such Corporate Loan Parties is owned by the stockholders and in the amounts set forth on Schedule 4.1(B).
Borrower shall deliver (or shall cause the applicable Subsidiary Guarantor to deliver) to Lender such certifications or other evidence from time to time, as requested by Xxxxxx in its sole discretion, that the representations and warranties of Corporate Loan Parties contained in Section 3.9 above are true and correct.