Organizational Agreement definition
Examples of Organizational Agreement in a sentence
Effective as of March 21, 1991, SAC hereby assigns to DSI all of its interest in the Organizational Agreement.
Assignor understands that compliance with the federal and state securities Laws, the Organizational Agreement, or Intercreditor Agreements might very strictly limit the course of conduct of Agent if Agent were to attempt to dispose of all or any part of the Collateral in accordance with the terms hereof, and might also limit the extent to which or the manner in which any subsequent transferee of any Collateral could dispose of the same.
DSI shall not be responsible for any claim or demand arising under the Organizational Agreement from services rendered prior to the effective date of this Assignment Agreement unless otherwise agreed by DSI, and SAC shall not be responsible for any claim or demand arising under the Organizational Agreement from services rendered after the effective date of this Assignment Agreement unless otherwise agreed by SAC.
The execution and delivery by Borrower and each Borrower-Related Party of this Agreement and the other Loan Documents and the full and timely performance of all obligations thereunder have been duly authorized by all necessary action under the Organizational Agreement of Borrower and each Borrower-Related Party and otherwise.
DSI hereby assumes and agrees to perform all of SAC's duties and obligations under the Organizational Agreement and be subject to all of the terms and conditions of said Agreement as if they applied to SAC.