Common use of Identity of Developer Clause in Contracts

Identity of Developer. (a) Developer represents and warrants as follows: [The following is provided only as an example] (i) Developer is a duly existing Virgin Islands limited liability company in good standing and qualified to do business in the Territory of the Virgin Islands and each of its members and managers are duly existing and in good standing in their respective states of formation; (ii) Developer's sole manager is “ABC LLC”, [Insert Developers Managing Entity Name and Company Type if applicable]; (iii) the sole members of Developer are: (A) “▇▇▇▇ ▇▇▇▇▇” Manager LLC; (B) “XYZ”, LLC, a Virgin Islands limited liability company ("XYZ"); (C) “123”, LLC, a Virgin Islands limited liability company;