Issuer Organizational Documents definition
Examples of Issuer Organizational Documents in a sentence
The Issuer shall comply with, and cause compliance with, the Issuer Organizational Documents.
The Issuer shall not change its accounting policies or reporting practices except as permitted by the Issuer Organizational Documents.
To the extent not otherwise specifically provided herein, the Trustee shall assume, and shall be fully protected in assuming, that the Issuer is authorized by the Issuer Organizational Documents to enter into this Indenture and to take all action permitted to be taken by it pursuant to the provisions hereof and shall not be required to inquire into the authorization of the Issuer with respect thereto.
The Issuer shall not take any action to waive, repeal, amend, vary, supplement or otherwise modify the Issuer Organizational Documents in a manner that would adversely affect (x) the rights, remedies, privileges or preferences of the Noteholders or (y) the validity, perfection or priority of the Lien on any Collateral (including the Purchased Assets) or any Issuer Pledged Collateral, except to the extent expressly permitted by the Issuer Organizational Documents.
The Issuer shall not, without an affirmative written resolution adopted by all of the Members, take any action to waive, repeal, amend, vary, supplement or otherwise modify any provision of any of the Issuer Organizational Documents that requires unanimous written consent of the Members.
Further, to the extent the consent of the Trustee is required under the Issuer Organizational Documents for any purpose, the Trustee shall provide or withhold such consent in accordance with the direction of Noteholders holding a majority of the Outstanding Principal Balance of the Senior Class of Notes.
The Issuer shall not take, or permit to be taken, any action to waive, repeal, amend, vary, supplement or otherwise modify the Issuer Organizational Documents in a manner that would adversely affect (x) the rights, remedies, privileges or preferences of the Noteholders or (y) the validity, perfection or priority of the Lien on any Collateral (including the Issuer Purchased Assets), any Issuer Pledged Equity or Issuer Pledged Collateral.
The Issuer shall not, without the written consent of the Independent Member, take any action to waive, repeal, amend, vary, supplement or otherwise modify any provisions of any of the Issuer Organizational Documents that require written consent of the Independent Member.
The Issuer shall not, without the written consent of the Independent Manager, take any action to waive, repeal, amend, vary, supplement or otherwise modify any provisions of any of the Issuer Organizational Documents that require written consent of the Independent Manager.
Such Pledgor and the Issuers shall not permit any modification, amendment or termination of their respective Issuer Organizational Documents that would be adverse to the interests of the Secured Party under this Agreement, or allow the Issuers to be dissolved or take any action which would cause a Material Adverse Effect.