Continuation and Organization Sample Clauses

Continuation and Organization. 9 Section 2.1 Continuation........................................................................................................9 Section 2.2 Name...................................................................................................................9 Section 2.3 Office..................................................................................................................9 Section 2.4 Term of Partnership............................................................................................9 Section 2.5 Purpose of the Partnership................................................................................10 Section 2.6 Actions by Partnership......................................................................................10 Section 2.7 Admission of Limited Partners.........................................................................10 Section 2.8 Schedule of Partners.........................................................................................10 ARTICLE 3 CAPITAL..................................................................................................................11 Section 3.1 Contributions to Capital....................................................................................11 Section 3.2 Rights of Partners in Capital.............................................................................12 Section 3.3 Capital Accounts...............................................................................................12 Section 3.4 Allocation of Profit and Loss............................................................................13 Section 3.5 Tax Allocations.................................................................................................14 Section 3.6 Reserves; Adjustments for Certain Future Events ...........................................14 Section 3.7 Finality and Binding Effect of General Partner’s Determinations....................15 Section 3.8 AEOI.................................................................................................................15 Section 3.9 Alternative GP Vehicles....................................................................................16 ARTICLE 4 DISTRIBUTIONS.....................................................................................................17 Section 4.1 Distributions......................................................................................................17 Section 4.2 Withholding o...
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Continuation and Organization 

Related to Continuation and Organization

  • Borrower Organization and Name Each Credit Party is a corporation, limited liability company, or other form of legally recognized entity, as applicable, duly organized, validly existing and in good standing under the laws of its jurisdiction of organization, and has the full power and authority and all necessary Permits to: (i) enter into and execute this Agreement and the Loan Documents and to perform all of its obligations hereunder and thereunder; and (ii) own and operate its assets and properties and to conduct and carry on its business as and to the extent now conducted. Each Credit Party is duly qualified to transact business and is in good standing as a foreign corporation, company or other entity in each jurisdiction where the character of its business or the ownership or use and operation of its assets or properties requires such qualification. The exact legal names of each of the Credit Parties is as set forth in the first paragraph of this Agreement, and the Credit Parties do not currently conduct, nor have the Credit Parties conducted, during the last five (5) years, business under any other name or trade name.

  • Business Activities; Change of Legal Status and Organizational Documents The Credit Parties shall not: (i) engage in any line of business other than the businesses engaged in on the date hereof and business reasonably related thereto; (ii) change its name, its type of organization, its jurisdictions of organization or other legal structure; or (iii) permit its articles of incorporation (including any certificates of designation, is applicable), bylaws, operating agreement, partnership agreement, certificate of organization or similar governing or organizational documents to be amended or modified in any way which could reasonably be expected to have a Material Adverse Effect.

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