Project Entities Clause Samples
The 'Project Entities' clause defines and identifies the specific parties, organizations, or legal entities involved in a particular project. It typically lists the main participants such as the project owner, contractor, subcontractors, consultants, or any other relevant stakeholders, clarifying their roles and responsibilities within the project framework. By clearly outlining who the project entities are, this clause ensures that all parties understand their involvement and helps prevent confusion or disputes regarding obligations and authority during the project's execution.
Project Entities. The Persons identified on Schedule 5.13 as Project Entities, and their respective Subsidiaries, were formed or acquired for the primary purpose of constructing, acquiring, owning, leasing and/or operating any sites, facilities, projects or any agreements related thereto.
Project Entities. The occurrence of any of the events specified in clauses (e), (f), (g) or (h) with respect to any Project Entity and such event or events, either individually or in the aggregate, result in a material adverse effect on (i) the business, assets, operations or financial or other condition of Borrower and its Subsidiaries, taken as a whole; or (ii) the ability of Borrower and its Subsidiaries to pay or perform the Obligations in accordance with the terms of this Loan Agreement and the other Transaction Documents.
Project Entities. Western represents and warrants to Inland Member that: Each Project Entity has been duly formed and is validly existing and in good standing under the laws of the state of its formation. Mezz 1 is the sole member, directly or indirectly, of each Project Entity. Each Project Entity owns only the real estate listed on Exhibit B (by reference to Exhibit H), together with incidental tangible and intangible personal property. Each Project Entity is qualified to transact business in each jurisdiction where such qualification is legally required. Western has made available to Inland Member a true and complete copy of the operating agreement or similar organizational document for each Project Entity and each such agreement is in full force and effect.
Project Entities. Each Project Entity currently existing for the sole purpose of holding title to, and operating, one of the Existing Portfolio Projects. Each Mezz Entity has or will have an operating agreement substantially in the form attached hereto as Exhibit G, and each Project Entity concurrently herewith will adopt an amended and restated operating agreement or other organizational documents substantially in the form attached hereto as Exhibit D.
Project Entities. As of the date hereof, (i) Detroit is a Consolidated Project Entity and (ii) each of (A) Galleon, Inc. and (B) Mandalay’s Subsidiaries which is a pure holding company and owns the legal and equitable interests of Victoria Partners and Elgin Riverboat Resort, is an Unconsolidated Project Entity.
Project Entities. Major term of the Supplemental Agreement
Project Entities. Project Entities means entities organized by LSA or KFx to own and operate a Commercial Project.