CHSLI definition
Examples of CHSLI in a sentence
On or prior to the Closing Date, the execution, delivery and performance of this Agreement and the Seller Party Documents to which CHNLI or CHSLI is a party shall have been authorized by all necessary corporate action and no other proceedings (except for legal and administrative proceedings that may be required in order to comply with Not-for-Profit Corporation Law ss.
Neither CHSLI nor any affiliate of CHSLI or CHNLI has any other direct or indirect interest in MDNY.
This Agreement and the other Seller Party Documents to which CHNLI or CHSLI are party are the legal, valid and binding obligations of CHNLI or CHSLI, as the case may be.
LIPH and MDNY agree that CHNLI may, if CHNLI is dissolved after the Closing, assign its interests in this Agreement, including its right to be paid the applicable percentage of any Sale Proceeds, to any not-for-profit entity designated by CHSLI.
Each of CHNLI and CHSLI is a not-for-profit corporation duly organized, validly existing and in good standing under the laws of the State of New York; and has all requisite corporate power and corporate authority and is entitled to own, lease and operate its properties and to carry on its business as and in the places such properties are now owned, leased or operated and where such business is presently conducted.
Each of CHNLI and CHSLI has all requisite corporate power and corporate authority to enter into this Agreement and the Seller Party Release and each other agreement, document and instrument to be executed or delivered by CHNLI or CHSLI, as the case may be, in accordance with this Agreement (collectively, the "Seller Party Documents") and to carry out the transactions contemplated hereby and thereby.