Examples of Material Affiliates in a sentence
Borrower and each of its Material Affiliates have the power to own their respective properties and to carry on their respective businesses now being conducted.
Borrower and its Material Affiliates enjoy peaceful and undisturbed possession of all leased property under leases which are valid and subsisting and are in full force and effect, except to the extent that the failure to be so would not likely result in a Material Adverse Change.
At the Closing Date, the only Material Affiliates of Borrower are listed on EXHIBIT C.
Each of Borrower and each of its Material Affiliates has in force paid insurance with financially sound and reputable insurance companies or associations in such amounts and covering such risks as are usually carried by companies engaged in the same or a similar business and similarly situated.
Borrower and its Material Affiliates enjoy peaceful and undisturbed possession of all leased property necessary in any material respect in the conduct of their respective businesses.