Single-Purpose Status. Each Issuer will do all things necessary to observe organizational formalities and preserve its existence, and such Issuer will not, nor will such Issuer permit the applicable Issuer Manager to, amend, modify or otherwise change the certificate of formation, limited liability agreement, articles of incorporation and bylaws, operating agreement, certificate of organization, trust or other organizational documents of such Issuer in any manner that would affect the status of such Issuer or Issuer Manager as a single-purpose, bankruptcy-remote entity, without (i) the prior written consent of the Requisite Global Majority, in its sole discretion, and (ii) the satisfaction of the Rating Condition.
Single-Purpose Status. Except as otherwise expressly approved by Xxxxxx Mae in writing, the Borrower is a Single-Purpose entity and does not own any real property or assets other than the Mortgaged Properties and does not operate any business other than the management and operation of the Mortgaged Properties.
Single-Purpose Status. A Default in the performance of or a violation of any covenant or agreement set out in Paragraph 1.16 of this Deed of Trust.
Single-Purpose Status. Except as otherwise expressly approved by Lender in writing, each Borrower and the general partner of each Borrower that is a limited partnership is a Single-Purpose entity and does not own any real property or assets other than the Mortgaged Properties and does not operate any business other than the management and operation of the Mortgaged Properties.
Single-Purpose Status. The Issuer will not, nor will the Issuer permit the Issuer Member or any related Property Owner to, amend, modify or otherwise change the certificate of formation, limited liability agreement, articles of incorporation and bylaws, operating agreement, certificate of organization, trust or other organizational documents of the Issuer in any manner that would affect the status of the Issuer or Issuer Member or such Property Owner as a single-purpose, bankruptcy-remote entity, without (i) the prior written consent of the Requisite Global Majority, in its sole discretion, and (ii) the satisfaction of the Rating Condition.
Single-Purpose Status. Borrower is a Single-Purpose entity.
Single-Purpose Status. The Issuer will do all things necessary to observe organizational formalities and preserve its existence, and the Issuer will not, nor will the Issuer permit the Issuer GP to, amend, modify or otherwise change the partnership certificate, partnership agreement, articles of incorporation and bylaws, operating agreement, certificate of organization, trust or other organizational documents of the Issuer or the Issuer GP in any manner that would affect the status of the Issuer or the Issuer GP as a single-purpose, bankruptcy-remote entity, without (i) the prior written consent of the Directing Holder and the Insurer, in each of their sole discretion, and (ii) the receipt of Rating Agency Confirmation.
Single-Purpose Status. The Lender shall have received an Officer's Certificate from the Joint Venture to the effect Joint Venture is a single-purpose entity whose sole business is to own the equity securities of Americold and certifying as to the fulfillment of the conditions set forth in Section 3.1(a) hereof.
Single-Purpose Status. Each Borrower and any general partner of a Borrower, at all times since its formation:
Single-Purpose Status. Borrower and its general partner (as applicable):
