Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that Borrower and each SPE Party is, shall be and shall continue to be a Special Purpose Entity.
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Samples: Third Mezzanine Loan Agreement (Harrahs Entertainment Inc), Ninth Mezzanine Loan Agreement (Harrahs Entertainment Inc), Second Mezzanine Loan Agreement (Harrahs Entertainment Inc)
Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower each Loan Party hereby represents, warrants and covenants that Borrower and each SPE Party is, shall be it is and shall continue to be a Special Purpose Entity.
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Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants (as to itself) that (i) Borrower has been since its date of formation, is, and shall continue to be, a Special Purpose Entity and (ii) Mortgage Borrower and each SPE other Mortgage Loan Party is, shall be and shall continue to be a Special Purpose EntityEntity (as defined in the Mortgage Loan Agreement).
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Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that Borrower and each SPE Party Entity has been since its formation, is, shall be and shall continue to be a Special Purpose Entity.
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Samples: Loan Agreement (Bh Re LLC)
Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower and each other Loan Party hereby representsrepresent, warrants warrant and covenants covenant (as to itself) that Borrower and each SPE other Loan Party has been since the Order Date, is, shall be and shall continue to be be, a Special Purpose Entity.
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