Common use of Covenant to Provide Financial Information and Maintain Sufficient Capital Clause in Contracts

Covenant to Provide Financial Information and Maintain Sufficient Capital. The Asset Manager shall obtain and maintain the necessary capital to fulfill its obligations under this Agreement and shall remain solvent. The Asset Manager will report to the Issuer on a semi-annual basis its total assets, liabilities and equity and such other financial information as the Issuer must include in filing its semi-annual and annual reports to the SEC.

Appears in 3 contracts

Samples: Asset Management and Administrative Services Agreement (aShareX Fine Art, LLC), Asset Management and Administrative Services Agreement (aShareX Fine Art, LLC), Asset Management and Administrative Services Agreement (aShareX Fine Art, LLC)

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Covenant to Provide Financial Information and Maintain Sufficient Capital. The Asset Manager shall obtain and maintain the necessary capital to fulfill its obligations under this Agreement and shall remain solvent. The Asset Manager will report to the Issuer on a semi-annual basis its total assets, liabilities and equity and such other financial information as the Issuer must include in filing its semi-annual and annual reports to the SEC.

Appears in 1 contract

Samples: Asset Management and Administrative Services Agreement (aShareX Fine Art, LLC)

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