Examples of Bankruptcy Remote Entity in a sentence
Without in any way limiting the provisions of this Article 4, Borrower shall at all times be a Special Purpose Bankruptcy Remote Entity.
Borrower shall not directly or indirectly make any change, amendment or modification to its organizational documents, or otherwise take any action which could result in Borrower not being a Special Purpose Bankruptcy Remote Entity.
The Special Purpose Bankruptcy Remote Entity to which the Upper 700 MHz D Block license must be transferred upon execution of the Network Sharing Agreement.
During the continuance of an Event of Default, Lender shall have the right to require Borrower to transfer the Property to a newly formed Delaware single member limited liability company that is a Special Purpose Bankruptcy Remote Entity, wholly owned by such mezzanine borrowers as Mezzanine Loan Lender may require, such that the Property is no longer subject to a tenancy in common structure.
The Network Assets Holder is a Special Purpose Bankruptcy Remote Entity that is formed to hold the assets of the shared wireless broadband network associated with the 700 MHz Public/Private Part- nership, in accordance with the terms of the Network Sharing Agreement, such other agreements as the Commis- sion may require or allow, and the Commission’s rules.