Purpose Hereof Sample Clauses

Purpose Hereof. The Bank, the Managing General Partner (for itself and the Partnership) and the Dealer-Manager hereby enter into the Escrow Agreement referred to in the Prospectus.
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Purpose Hereof. In order to facilitate the purchase of the Shares, FPC shall deposit all funds received by it from the sale of the Shares to Investors (the "Escrow Funds") with TAO, and TAO shall hold the Escrow Funds and not release them to FPC until such time as is described below.
Sample 1Sample 2
Purpose Hereof. In order to facilitate the purchase of the Shares, OPI shall deposit all funds received by it from the sale of the Shares to Investors (the "Escrow Funds") with TAO, and TAO shall hold the Escrow Funds and not release them to OPI until such time as is described below.
Sample 1
Purpose Hereof. In order to facilitate the purchase of the Shares, DMS shall deposit all funds received by it from the sale of the Shares to Investors (the "Escrow Funds") with TAO, and TAO shall hold the Escrow Funds and not release them to DMS until such time as is described below.
Sample 1
Purpose Hereof. In order to facilitate the purchase of the Shares, JSI shall deposit all funds received by it from the sale of the Shares to Investors (the "Escrow Funds") with TAO, and TAO shall hold the Escrow Funds and not release them to JSI until such time as is described below.
Sample 1
Purpose Hereof. In order to facilitate the purchase of the Shares, WOTN shall deposit all funds received by it from the sale of the Shares to Investors (the "Escrow Funds") with TAO, and TAO shall hold the Escrow Funds and not release them to WOTN until such time as is described below.
Sample 1
Purpose Hereof. In order to facilitate the purchase of the Shares, GHI shall deposit all funds received by it from the sale of the Shares to Investors (the "Escrow Funds") with MLF, and MLF shall hold the Escrow Funds and not release them to GHI until such time as is described below.
Sample 1
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Purpose Hereof. In order to facilitate the purchase of the Shares, MPI shall deposit all funds received by it from the sale of the Shares to Investors (the "Escrow Funds") with TAO, and TAO shall hold the Escrow Funds and not release them to MPI until such time as is described below.
Sample 1
Purpose Hereof. In order to facilitate the purchase of the Shares, ASC shall deposit all funds received by it from the sale of the Shares to Investors (the "Escrow Funds") with TAO, and TAO shall hold the Escrow Funds and not release them to ASC until such time as is described below.
Sample 1

Related to Purpose Hereof

  • Single-Purpose Entity Each Mortgage Loan requires the Mortgagor to be a Single-Purpose Entity for at least as long as the Mortgage Loan is outstanding. Each Mortgage Loan with a Cut-off Date Balance of $30 million or more has a counsel’s opinion regarding non-consolidation of the Mortgagor. For this purpose, a “Single-Purpose Entity” shall mean an entity, other than an individual, whose organizational documents and the related Mortgage Loan documents (or if the Mortgage Loan has a Cut-off Date Balance equal to $10 million or less, its organizational documents or the related Mortgage Loan documents) provide substantially to the effect that it was formed or organized solely for the purpose of owning and operating one or more of the Mortgaged Properties and prohibit it from engaging in any business unrelated to such Mortgaged Property or Mortgaged Properties, and whose organizational documents further provide, or which entity represented in the related Mortgage Loan documents, substantially to the effect that it does not have any assets other than those related to its interest in and operation of such Mortgaged Property or Mortgaged Properties, or any indebtedness other than as permitted by the related Mortgage(s) or the other related Mortgage Loan documents, that it has its own books and records and accounts separate and apart from those of any other person (other than a Mortgagor for a Mortgage Loan that is cross-collateralized and cross-defaulted with the related Mortgage Loan), and that it holds itself out as a legal entity, separate and apart from any other person or entity.

  • Formation Term Purpose and Powers Section 2.01.

  • PURPOSE OF THIS AGREEMENT The purpose of this Agreement is as follows:

  • Purpose of Company The purpose of the Company is to engage in any lawful act or activity for which limited liability companies may be formed under the Act and to engage in any and all activities necessary or incidental thereto.

  • Purpose; Powers The nature of the business or purposes to be conducted or promoted by the Company is to engage in any lawful act or activity for which limited liability companies may be formed under the Act. The Company shall have the power and authority to take any and all actions and engage in any and all activities necessary, appropriate, desirable, advisable, ancillary or incidental to the accomplishment of the foregoing purpose.

  • Single Purpose Entity/Separateness Borrower represents, warrants and covenants as follows:

  • Purpose and Scope (a) The purpose and business of the Company (the “Company Business”) is to pursue, directly or indirectly through its Subsidiaries or other Persons, business opportunities in the restaurant industry and engage in any lawful act or activity for which limited liability companies may be organized under the Act and to engage in any and all activities necessary or incidental thereto. Notwithstanding anything to the contrary in this Agreement, all matters material to the affairs and business of the Company shall be determined by the Managing Member.

  • Business Purpose; Powers The Company is formed for the purpose of engaging in any lawful business, purpose or activity for which limited liability companies may be formed under the Act. The Company shall possess and may exercise all the powers and privileges granted by the Act or by any other law or by this Agreement, together with any powers incidental thereto, so far as such powers and privileges are necessary or convenient to the conduct, promotion or attainment of the business purposes or activities of the Company.

  • Purpose and Application The purpose of the Facility is set out below.

  • Purpose of the Agreement The purpose of this Agreement is to advance the interests of the Company by providing the Executive with an assurance of equitable treatment, in terms of compensation and economic security, in the event of an acquisition or other Change in Control of the Company. An assurance of equitable treatment will enable the Executive to maintain productivity and focus during a period of significant uncertainty that is inherent in an acquisition or other Change in Control. Further, the Company believes that agreements of this kind will aid it in attracting and retaining the highly qualified, high performing professionals who are essential to its success.

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