Special Purpose. The Owner Participant has been formed for the sole purpose of negotiating, entering into and performing the transactions contemplated by the Basic Documents to which it is a party and matters reasonably incidental thereto, and since its formation, it has not entered into any transaction or conducted any business except as required or contemplated by the Basic Documents and matters reasonably incidental thereto, including any agreements with the Arranger relating to the offering of the Notes.
Appears in 2 contracts
Samples: Loan Agreement (Aspirational Consumer Lifestyle Corp.), Loan Agreement (Aspirational Consumer Lifestyle Corp.)
Special Purpose. The Owner Participant has been formed for the sole purpose of negotiating, entering into and performing the transactions contemplated by the Basic Documents to which it is a party and matters reasonably incidental thereto, and since its formation, it has not entered into any transaction or conducted any business except as required or contemplated by the Basic Documents and matters reasonably incidental thereto, including any agreements with the Arranger relating to the offering of the NotesDocuments.
Appears in 2 contracts
Samples: Loan Agreement (Aspirational Consumer Lifestyle Corp.), Loan Agreement (Aspirational Consumer Lifestyle Corp.)
Special Purpose. The Owner Participant has been formed for the sole purpose of negotiating, entering into and performing the transactions contemplated by the Basic Operative Documents to which it is a party and matters reasonably incidental thereto, and since its formation, it has not entered into any transaction or conducted any business except as required or contemplated by the Basic Documents and matters reasonably incidental thereto, including any agreements with the Arranger relating to the offering of the NotesOperative Documents.
Appears in 2 contracts
Samples: Facility Agreement (Virgin America Inc.), Note Purchase Agreement (Virgin America Inc.)
Special Purpose. The Owner Participant has been formed for the sole purpose of negotiating, entering into and performing the transactions contemplated by the Basic Operative Documents and the Other Operative Documents to which it is a party and matters reasonably incidental thereto, and since its formation, it has not entered into any transaction or conducted any business except as required or contemplated by the Basic Operative Documents and matters reasonably incidental thereto, including any agreements with the Arranger relating to the offering of the NotesOther Operative Documents.
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