Covenant to Provide Financial Information and Maintain Sufficient Capital. The Administrator shall obtain and maintain the necessary capital to fulfill its obligations under this Agreement and shall remain solvent. The Administrator will report to the Issuer on a semi-annual basis its current and total assets, current and total liabilities, and total equity and the Company intends to include such amounts in its SEC reports.
Appears in 313 contracts
Samples: Administrative Services Agreement (Masterworks 097, LLC), Administrative Services Agreement (Masterworks 007, LLC), Administrative Services Agreement (Masterworks 057, LLC)
Covenant to Provide Financial Information and Maintain Sufficient Capital. The Administrator shall obtain and maintain the necessary capital to fulfill its obligations under this Agreement and shall remain solvent. The Administrator will report to the Issuer Company on a semi-annual basis its current and total assets, current and total liabilities, and total equity and the Company intends to include such amounts in its SEC reports.
Appears in 12 contracts
Samples: Management Services Agreement (Masterworks Vault 2, LLC), Management Services Agreement (Masterworks Vault 1, LLC), Management Services Agreement (Masterworks Vault 3, LLC)
Covenant to Provide Financial Information and Maintain Sufficient Capital. The Administrator shall obtain and maintain the necessary capital to fulfill its obligations under this Agreement and shall remain solvent. The Administrator will report to the Issuer on a semi-annual basis its current and total assets, current and total liabilities, and total equity and the Company Issuer intends to include such amounts in its SEC reports.
Appears in 3 contracts
Samples: Administrative Services Agreement (Masterworks Collection 001, LLC), Administrative Services Agreement (Masterworks Collection 001, LLC), Administrative Services Agreement (Masterworks Collection 001, LLC)
Covenant to Provide Financial Information and Maintain Sufficient Capital. The Administrator shall obtain and maintain the necessary capital to fulfill its obligations under this Agreement and shall remain solvent. The Administrator will report to the Issuer and Masterworks Collection on a semi-annual basis its current and total assets, current and total liabilities, and total equity and the Company intends to include such amounts in its SEC reports.
Appears in 1 contract
Samples: Form of Administrative Services Agreement (Masterworks 002, LLC)
