Examples of SPE Requirements in a sentence
Each Borrower and each Guarantor shall have provided to the Agent and each of the Lenders the executed and delivered Governing Documents of such Borrower and Guarantor, in form and substance satisfactory to the Agent and each of the Lenders, which provide that each such Borrower and Guarantor is subject to the SPE Requirements.
Each Borrower shall have provided to the Agent and each of the Lenders the executed and delivered Governing Documents of such Borrower, in form and substance satisfactory to the Agent and each of the Lenders, which provide that each such Borrower is subject to the SPE Requirements.
Manager agrees that it shall not perform its duties under the Management Agreement or otherwise act in a manner that would result in Owner’s or Operating Lessee’s failure to comply with the Borrower SPE Requirements.
In the case of each Borrower, (i) maintain in its constitutive documents the provisions referred to in the definition of Borrower SPE Requirements and (ii) comply with such provisions at all times.
No Tenant shall purchase or otherwise acquire, hold, or invest in securities or other investments (whether Capital Stock or instruments evidencing indebtedness) of any Person other than as permitted by the SPE Requirements.
Any Subsidiary that directly owns an Unencumbered Asset shall breach in any material respect the SPE Requirements and such breach shall continue for fifteen (15) days after the earlier of (A) upon a Responsible Officer obtaining knowledge thereof or (B) the delivery of notice from the Administrative Agent.
If any Property Guarantor shall breach, in any material respect, any of the SPE Requirements, and such breach, to the extent curable, shall continue for a period of fifteen (15) days following notice of such breach from the Administrative Agent.
All of the provisions of this Section 6.12 are individually and collectively referred to as the "SPE Requirements".
If any Borrower shall breach, in any material respect, any of the SPE Requirements, and such breach, to the extent curable, shall continue for a period of fifteen (15) days following notice of such breach from the Administrative Agent.
The Loan Parties shall at all times comply with the requirements set forth on Exhibit G (SPE Requirements).