No Prior Business. Since the date of its formation, the Company has not conducted any business, nor has it incurred any liabilities or obligations (direct or indirect, present or contingent), in each case except in connection with the Formation Transactions and the Public Offering and as contemplated under this Agreement.
No Prior Business. Since the date of its formation, the Operating Partnership has not conducted any business, nor has it incurred any liabilities or obligations (direct or indirect, present or contingent), in each case except in connection with the Formation Transactions and the Public Offering and as contemplated under this Agreement.
No Prior Business. Since the date of its formation, Legacy LLC has not conducted any business, nor has it incurred any liabilities or obligations (direct or indirect, present or contingent), in each case, except in connection with the Transactions and the assets and liabilities of Transferred LLC and its subsidiaries related to the LLC Interest.
No Prior Business. Since the date of its formation, Transferred LLC has not conducted any business, nor has it incurred any liabilities or obligations (direct or indirect, present or contingent), in each case, except in connection with the Transactions and the assets and liabilities of Fund [·] and its subsidiaries related to the Equity Interests.
No Prior Business. Neither Purchaser nor Merger Sub has engaged in any business or activity of any kind or entered into any agreement or arrangement with any Person or incurred, directly or indirectly, any material liabilities or obligations, other than in connection with the transactions contemplated by this Agreement.
No Prior Business. None of the Holdcos:
No Prior Business. The Borrower has not traded or carried on business prior to the date of this Agreement other than the entering into the MOA, the Shipbuilding Contract, the Approved Charterparty and all other documents to be executed thereunder.
No Prior Business. MergerCo has not engaged in any business or activity of any kind, or entered into any agreement or arrangement with any person or any entity or incurred, directly or indirectly, any material liabilities or obligations, other than in connection with the transactions contemplated hereby, and was formed for the purpose of effecting the Recapitalization.
No Prior Business. The Buyer was formed for the purpose of acquiring the Business and has not conducted any business in the past, except in connection with the transactions contemplated by this Agreement and related activities.
No Prior Business. Since the date of its formation, Transferred LLC has not conducted any business, nor has it incurred any liabilities or obligations (direct or indirect, present or contingent), in each case, except in connection with the Transactions and the assets and liabilities of JBG Investment Fund VI, L.L.C. (“Fund VI”) and its subsidiaries related to the Equity Interests.
