Examples of Organizational Documents in a sentence
For greater certainty, any restrictions under law on advancement of expenses and indemnification provided by the Borrower to its directors (including where such restriction has been incorporated into the Organizational Documents of the Borrower or any indemnification agreement) shall not apply to the entitlement to the advancement of expenses and rights to indemnification provided to the Observer hereunder except as required by law.
Amend any of its Organizational Documents in a manner that would be prejudicial to the interests of the Lender under the Loan Documents.
Neither the Company nor any of its subsidiaries is in violation of its Organizational Documents or in default in the performance or observance of any obligation, agreement, covenant or condition contained in any Company Document, except for such defaults that would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect.
The execution, delivery and performance of the Loan Documents do not conflict with, result in a breach in any of the provisions of, constitute a default under, or result in the creation of a Lien (other than Liens permitted under Section 5.9 hereof) upon any assets or property of any Company under the provisions of, such Company’s Organizational Documents or any material agreement to which such Company is a party.
Without the prior written consent of the Administrative Agent, no Company shall (a) amend its Organizational Documents in any manner adverse to the Lenders, or (b) amend its Organizational Documents to change its name or state, province or other jurisdiction of organization, or its form of organization.