Organization Documents definition
Examples of Organization Documents in a sentence
Amend, modify, waive or change its Organization Documents or any other agreements listed on the Schedules in a manner materially adverse to the interests of the Lenders in any material respect, or in a manner that would reasonably be expected to have a Material Adverse Effect on the Borrower.
Notwithstanding the foregoing, the conditions set forth in clauses (y)(i) and (y)(ii) of the immediately preceding sentence may be satisfied by a certification of a Responsible Officer of the Borrower certifying that there have been no changes to the applicable Organization Documents referred to in clauses (y)(i) and (y)(ii) in the immediately preceding sentence since the versions thereof previously delivered to the Administrative Agent.
The execution and delivery by each Loan Party of the Loan Documents to which it is a party and each Loan Party’s performance of its obligations under the Loan Documents are within such Loan Party’s powers, have been duly authorized, do not conflict with any of its Organization Documents, and such Loan Documents do not conflict with any Law, agreement, or obligation by which such Loan Party is bound.