Examples of Spectrum Entity in a sentence
Except for Equity Interests of Spectrum Entities sold, leased, exchanged or transferred in accordance with this Section 6.10, all Spectrum Entities shall remain, directly or indirectly, wholly-owned Subsidiaries of the Company and no Spectrum Entity shall change its jurisdiction of incorporation or formation to any jurisdiction outside of the United States.
The Company shall not permit any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of any of the Company's or any of its Subsidiaries' Equity Interests in any Spectrum Entity to any Person (unless such Person is a Spectrum Entity), except for any such sales, leases or transfers which are Asset Sales permitted under Section 7.2 of this Indenture.
Notwithstanding anything to the contrary in this Agreement, (x) under no circumstances shall the Company be obligated to effect a Demand Registration by any Blue Spectrum Entity or GIC Entity prior to the two year anniversary of the IPO and (y) the right of the Blue Spectrum Holders and the GIC Holders to request a Demand Registration is subject to clause (E) of Section 5.2(d)(iii).
Except for Capital Stock of Spectrum Entities sold, leased, exchanged or transferred in accordance with this Section 7.3, all Spectrum Entities shall remain, directly or indirectly, Wholly Owned Subsidiaries of the Borrower and no Spectrum Entity shall have or change its jurisdiction of incorporation or formation to any jurisdiction outside of the United States.
The Issuers shall cause each Spectrum Entity that is a wholly-owned Domestic Subsidiary that is formed or acquired following the Issue Date to execute and deliver to the Trustee a supplemental indenture pursuant to which such domestic wholly-owned Restricted Subsidiary will unconditionally Guarantee, on a joint and several basis, the full and prompt payment of the principal of, premium, if any, and interest in respect of the Notes on a senior secured basis and all other obligations under this Indenture.
Except as set forth on Schedule 6.7, as of the date of this Agreement, there are no judgments outstanding against or affecting any of the Borrower, the Guarantor, any Spectrum Entity or any of the Properties or Eligible Notes Receivable.
Each Subsidiary Guarantor and Spectrum Entity is a limited partnership, limited liability company or other entity duly organized and validly existing and in good standing under the laws of its respective State of organization.
The Issuers shall cause each Spectrum Entity that is a wholly owned Domestic Subsidiary that is formed or acquired following the Issue Date to execute and deliver to the Trustee a supplemental indenture pursuant to which such domestic wholly owned Restricted Subsidiary will unconditionally Guarantee, on a joint and several basis, the full and prompt payment of the principal of, premium, if any, and interest in respect of the Notes on a senior secured basis and all other obligations under this Indenture.
Sell, lease, exchange or otherwise transfer (in one transaction or a series of related transactions) any Capital Stock in any Spectrum Entity to any Person (unless such Person is a Spectrum Entity), except for any such sales, leases or transfers which are Asset Sales permitted under Section 7.4 of this Agreement.
Crescent OP will cause each of its Subsidiaries and Crescent REIT to do or cause to be done all things necessary to preserve and keep in full force and effect their respective legal existence except for such of its Subsidiaries (other than Borrower, any Subsidiary Guarantor, any Spectrum Entity or any other partner, member or manager thereof) as Crescent OP shall determine are no longer necessary for the conduct of its business.