Sole Business. Neither of the Borrower and BRC is engaged in any business other than as described in the Private Placement Memorandum.
Sole Business. 23 6.13 Investment Company Act......................................24 6.14 Private Placement Memorandum................................24 6.15 Pledged Securities..........................................24 6.16 Subsidiaries................................................24 6.17 Belair Real Estate Corporation..............................24 6.18 Preferred Equity Interests..................................24
Sole Business. The Servicios Company is not involved in any business or activity except for the business of supplying employees for the operation and maintenance of the Piedras Negras Plant and providing related human resources, benefits and insurance, compliance, and payroll services to the Piedras Negras Plant. The Servicios Company does not own any real property.
Sole Business. Puerto Rico is and shall be the only jurisdiction in which the Company owns real property or conducts business and the sole business conducted by the Company at any time is and shall be the development and operation of the Project as a first class destination resort.
Sole Business. Since its organization, ZP-II's sole business has been -------------- the ownership and operation of the ZP-II Project.
Sole Business. Until the Loan has been paid in full, Borrower (i) shall not engage in any business or activity other than the acquisition, development, ownership, operation, leasing, managing and maintenance of the Project, entering into the Loan and activities incidental thereto; and (ii) shall not acquire or own any assets other than the Project and such incidental personal property as may be necessary or desirable for the operation of the Project.
Sole Business. The Company was formed for the sole purpose of acquiring and commercializing the Assigned Assets and assuming the Assumed Liabilities. Except as contemplated in the Transaction Documents, the Company has not conducted any other business or activity other than acquiring the Assigned Assets and assuming the Assumed Liabilities. Other than the Contracts set forth in Schedule 3.7 of the Disclosure Schedule, the Company has not entered into any Contracts relating to the sale, lease, license, transfer or other disposition of any of the Assigned Assets or any other assets or properties.
Sole Business. The Acquired Company was formed for the sole purpose of owning, developing and constructing the Project Entities, and the Project Entities were formed for the sole purpose of owning, developing and constructing the Projects. The Acquired Company and the Project Entities have not conducted any other business or activity other than the development, construction and ownership of the Projects.
Sole Business. Since its organization, PAMC's sole business has been ------------- the organization, development, financing, management and operation of the Projects.
Sole Business. Since its organization, Mesa Wind's sole business has been related to the organization, development, financing, management, and operation of the Projects.
