Organization Documents definition
Examples of Organization Documents in a sentence
Each GP Co agrees that no vote for a “Material Action” (as defined in the Specified Organization Documents of any SPV Party) shall be held unless such GP Co has the Required Number of Independent Directors at such time, all of the Required Number of Independent Directors are present for such vote and the affirmative vote of all Independent Directors is required for such GP Co to take such “Material Action” on behalf of itself or on behalf of any other applicable SPV Party for which it is a general partner.
Neither the execution, delivery and performance by each Loan Party of each Loan Document to which such Person is a party will (a) contravene the terms of any of such Person’s Organization Documents or (b) violate any applicable material Law; except in the case of this clause (b)to the extent that such violation or contravention would not reasonably be expected to have a Material Adverse Effect.
The copies of the Organization Documents of each Loan Party and each amendment thereto provided pursuant to Section 4.01 are true and correct copies of each such document as of the Effective Date, each of which is valid and in full force and effect as of the Effective Date.
There is no existing default or event of default under Parent’s, the Borrower’s or any Restricted Subsidiary’s Organization Documents.
Prompt written notice of the formation of any Restricted Subsidiary of the Borrower, notice thereof and copies of the Organization Documents of such Subsidiary.