Common use of Due Formation of Lender Clause in Contracts

Due Formation of Lender. Lender is an entity that has been formed and validly exists and has not been organized for the specific purpose of purchasing the Revolving Note and is not prohibited from doing so.

Appears in 25 contracts

Samples: Senior Secured Revolving Credit Facility Agreement (SRAX, Inc.), Credit Agreement, Senior Secured Revolving Credit Facility Agreement (Intelligent Highway Solutions, Inc.)

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Due Formation of Lender. Lender is an entity that has been formed and validly exists and has not been organized for the specific purpose of purchasing the Revolving Note Notes or the Commitment Shares and is not prohibited from doing so.

Appears in 7 contracts

Samples: Agreement, Security Agreement (Sunpeaks Ventures, Inc.), Guaranty Agreement (Sunpeaks Ventures, Inc.)

Due Formation of Lender. Lender is an entity that has been formed and validly exists and has not been organized for the specific purpose of purchasing the Revolving Promissory Note and is not prohibited from doing so.

Appears in 5 contracts

Samples: Consent and Agreement (Pacific Ventures Group, Inc.), Consent and Agreement (Sack Lunch Productions Inc.), Consent and Agreement (Sack Lunch Productions Inc.)

Due Formation of Lender. The Lender is an entity that has been formed and validly exists and has not been organized for the specific purpose of purchasing the Revolving Note and is not prohibited from doing so.

Appears in 2 contracts

Samples: Credit Agreement (National Automation Services Inc), Credit Agreement (National Automation Services Inc)

Due Formation of Lender. Lender is an entity that has been formed and validly exists and has not been organized for the specific purpose of purchasing the Revolving Note Promissory Note, the Advisory Fee Shares or the Conversion Shares and is not prohibited from doing so.

Appears in 1 contract

Samples: Senior Secured Credit Facility Agreement (Vapor Hub International Inc.)

Due Formation of Lender. Lender is an entity that has been formed and validly exists and has not been organized for the specific purpose of purchasing the Revolving Promissory Note or the Conversion Shares and is not prohibited from doing so.

Appears in 1 contract

Samples: Senior Secured Credit Facility Agreement (Vapor Hub International Inc.)

Due Formation of Lender. Lender is an entity that has been formed and validly exists and has not been organized for the specific purpose of purchasing the Revolving Note or the Facility Fee Shares and is not prohibited from doing so.. 8.11

Appears in 1 contract

Samples: www.sec.gov

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Due Formation of Lender. Lender is an entity that has been formed and validly exists and has not been organized for the specific purpose of purchasing the Revolving Promissory Note and Advisory Fee Shares, and is not prohibited from doing so.

Appears in 1 contract

Samples: Senior Secured Credit Facility Agreement (Mint Leasing Inc)

Due Formation of Lender. Lender is an entity that has been formed and validly exists and has not been organized for the specific purpose of purchasing the Revolving Note or the Facility Fee Shares and is not prohibited from doing so.

Appears in 1 contract

Samples: Senior Secured Credit Facility Agreement (Pharmagen, Inc.)

Due Formation of Lender. Lender is an entity that has been formed and validly exists and has not been organized for the specific purpose of purchasing the Revolving Note or the Commitment Shares and is not prohibited from doing so.

Appears in 1 contract

Samples: Credit Agreement (TouchIT Technologies, Inc.)

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