Entity definition
Examples of Entity in a sentence
If the final judgment of a court of competent jurisdiction or other Governmental Entity declares that any term or provision of this Agreement is invalid, void, or unenforceable, the parties hereto will negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible.
Upon the occurrence of any such Fundamental Transaction, the Successor Entity shall succeed to, and be substituted for (so that from and after the date of such Fundamental Transaction, the provisions of this Warrant referring to the “Company” shall refer instead to the Successor Entity), and may exercise every right and power of the Company and shall assume all of the obligations of the Company under this Warrant with the same effect as if such Successor Entity had been named as the Company herein.
The provisions of this Article 10 are solely for the benefit of the Administrative Agent, the Lenders and the Issuing Bank, and no Credit Party, Subsidiary or other Regulated Entity shall have rights as a third party beneficiary of any of such provisions.
No Credit Party, Subsidiary or other Regulated Entity is subject to, or is in default with respect to, any final judgments, writs, injunctions, decrees, rules or regulations of any Governmental Authority that, individually or in the aggregate when taken together, could reasonably be expected to have a Material Adverse Effect.
Each Credit Party covenants and agrees that, until the Obligations shall have been Paid in Full, such Credit Party shall perform, and shall cause each of its Subsidiaries (including any Regulated Subsidiaries) and each Qualifying Reciprocal Entity in respect of which it is appointed as attorney-in-fact to perform, all of the covenants set forth in this Article 7.