Examples of Corporate Loan Party in a sentence
Integration into the EU is seen as a powerful factor, capable of contributing decisively to the consolidation of stability, democracy, a market economy and prosperity in the region.
All tax returns required to be filed by each Corporate Loan Party and each of its Subsidiaries in any jurisdiction have in fact been filed, except for such tax returns where the failure to file would not reasonably be expected to have a Material Adverse Effect.
Each Corporate Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation.
Each Corporate Loan Party is qualified to do business and in good standing, and each Partnership Loan Party is authorized as a foreign limited partnership to do business, in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified, authorized or in good standing has not had and will not have a Material Adverse Effect.
Each Corporate Loan Party and each of its Subsidiaries has no Debt other than Permitted Debt.
There is no law, rule or regulation (including Regulations T, U and X of the Federal Reserve Board), nor is there any judgment, decree or order of any court or Governmental Authority binding on any Corporate Loan Party which would be contravened by the execution, delivery, performance or enforcement of the Loan Documents to which any Corporate Loan Party is a party.
Each Corporate Loan Party has taken all corporate, partnership or limited liability company, as applicable, action necessary to authorize the execution and delivery of the Loan Documents to which such Corporate Loan Party is a party, and the consummation of the transactions contemplated hereby and thereby.
The provisions for taxes on the books of each Corporate Loan Party and each of its Subsidiaries are adequate for all open years, and for each Corporate Loan Party’s and each of its Subsidiaries current fiscal period.
Each Corporate Loan Party and each of its Subsidiaries has good and marketable title to, or valid leasehold interests in, or licenses to, all of its Assets, free and clear of all Liens or rights of others, except for Permitted Liens.
At any time any Corporate Loan Party acquires any assets, tangible or intangible, real or personal, having a fair market value in excess of $250,000, in which a security interest, deed of trust or mortgage is not already granted to or properly perfected by Xxxxxx on behalf of Xxxxxx, such Corporate Loan Party shall immediately provide notice thereof to Lender and cause to be executed such documents as may be reasonably requested by Xxxxxx in order to perfect Lender’s security interest in such Collateral.