Common use of Special Purpose Clause in Contracts

Special Purpose. Without in any way limiting the provisions of this Article 4, Borrower and Operating Lessee hereby represent and warrant to, and covenant with, Lender that since the date of Borrower’s, Operating Lessee’s and each SPC Party’s formation and at all times on and after the date hereof and until such time as the Obligations shall be paid and performed in full, Borrower, Operating Lessee and each SPC Party has at all times been and shall at all times be a Special Purpose Bankruptcy Remote Entity. None of Borrower, Operating Lessee or any SPC Party shall directly or indirectly make any change, amendment or modification to its or such SPC Party’s organizational documents, or otherwise take any action which could result in Borrower, Operating Lessee or any SPC Party not being a Special Purpose Bankruptcy Remote Entity.

Special Purpose. Without in any way limiting the provisions of this Article 4, Borrower hereby represents and Operating Lessee hereby represent and warrant warrants to, and covenant covenants with, Lender that since the date of Borrower’s, Operating Lessee’s and each SPC Party’s formation and at all times on and after the date hereof and until such time as the Obligations shall be paid and performed in full, Borrower, Operating Lessee Borrower and each SPC Party has at all times been and shall at all times be a Special Purpose Bankruptcy Remote Entity. None of Borrower, Operating Lessee or Neither Borrower nor any SPC Party shall directly or indirectly make any change, amendment or modification to its or such SPC Party’s organizational documents, or otherwise take any action which could result in Borrower, Operating Lessee Borrower or any SPC Party not being a Special Purpose Bankruptcy Remote Entity.