Project Finance Subsidiaries Sample Clauses

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Project Finance Subsidiaries ensure that all transactions and arrangements between the Group on the one hand and Project Finance Subsidiaries (or members of the Group who incur Project Finance Borrowings falling within paragraph (c) of the definition of Project Finance Borrowings, but only in connection with the Project to which such Project Finance Borrowing directly relates) on the other shall be: (a) on arm's length terms; and (b) to the extent that they involve liability of, or recourse to, the Group in respect of Indebtedness to finance or refinance, or in respect of the financing or refinancing of, a Project, such liability or recourse shall be limited to the degree of recourse described in paragraph (c) of the definition of Project Finance Borrowings, unless the Borrower, promptly on the incurrence of such liability or right of recourse, notifies the Facility Agent that the relevant Project Finance Borrowing which is the subject of such liability or right of recourse shall have ceased, or shall thereupon cease, to be a Project Finance Borrowing, attaching a detailed re-calculation of the Leverage Ratio showing the effect of such re-designation.
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Project Finance Subsidiaries. All transactions and arrangements between the Group on the one hand and Project Finance Subsidiaries (or members of the Group who incur Project Finance Borrowings falling within paragraph (c) of the definition of Project Finance Borrowing but only in connection with the Project to which such Project Finance Borrowing directly relates) on the other shall be (a) on arm's length terms, and (b) to the extent that they involve liability of, or recourse to the Group in respect of Indebtedness to finance or refinance, or in respect of the financing or refinancing of, a Project, such liability or recourse shall be limited to the degree of recourse described in paragraph (c) of the definition of "Project Finance Borrowing" unless the Primary Borrower shall promptly on the incurrence of such liability or right of recourse notify the Facility Agent that the relevant Project Finance Borrowing which is the subject of such liability or right of recourse shall have ceased or shall thereupon cease to be a Project Finance Borrowing, attaching a detailed re-calculation of the Leverage Ratio showing the effect of such re-designation. (a) ▇ntil the Excess Equity Funding shall have b▇▇▇ ▇epaid in full the Primary Borrower will procure that: (i) Finco 2 will not repay, forgive or novate nor shall the Primary Borrower accept the repayment or novation of amounts outstanding from Finco 2 to the Primary Borrower if and to th▇ ▇▇tent that such repayment, novation or forgiveness of any indebtedness from time to time due from Finco 2 to the Primary Borrower (after application of the proceeds of such repayment, forgiveness or novation by the Primary Borrower) would result (and shall ensure that it does not subsequently result) in the net amount owing (including any accrued interest) by Finco 2 to the Primary Borrower falling shor▇ ▇▇ the aggregate of the Term Advance, the Revolving Advances and all other Borrowed Money of the Primary Borrower by more than(pound)25,000,000 (without double counting where Borrowed Money guaranteed by the Primary Borrower is also lent to it) (including in each case any accrued interest) unless the Primary Borrower shall immediately repay an equivalent amount of the Term Advance and to the extent that no Term Advance is outstanding, repay an equivalent amount of the Revolving Credit Facility; and (ii) Bidco will not repay Finco 2 amounts outstanding from Bidco to Finc▇ ▇ ▇f and to the extent that such repayment (after application of the proceeds of such rep...
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Project Finance Subsidiaries. Project Finance Subsidiary Entity Type Jurisdiction CASH COLLATERALIZED LETTERS OF CREDIT ISSUED BY HSBC (The exchange rate for foreign currency letters of credit have been determined by extracting live spot rates (mid rates) from Bloomberg at 9am CST on August 25, 2009) EXISTING DEBT
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Project Finance Subsidiaries. All transactions and arrangements between the Group on the one hand and Project Finance Subsidiaries (or members of the Group who incur Project Finance Borrowings falling within paragraph (c) of the definition of Project Finance Borrowings but only in connection with the Project to which such Project Finance Borrowing directly relates) on the other shall be (a) on arm's length terms, and (b) to the extent that they involve liability of, or recourse to the Group in respect of Indebtedness to finance or refinance, or in respect of the financing or refinancing of, a Project, such liability or recourse shall be limited to the degree of recourse described in paragraph (c) of the definition of "Project Finance
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Project Finance Subsidiaries. Project Finance Subsidiary Entity Type Jurisdiction 1. Capital lease for mail equipment. Remaining balance as of September 30, 2011 is approximately $138,000. The obligor is ▇▇▇▇▇▇▇ ▇▇▇▇▇ & Root LLC.
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Project Finance Subsidiaries. Project Finance Subsidiary Entity Type Jurisdiction EXISTING LIENS 1. Capital lease for mail equipment. Remaining balance as of August 31, 2015 is approximately $82,000. The obligor is ▇▇▇▇▇▇▇ ▇▇▇▇▇ & Root LLC. 2. Unsecured note payable to JV partner totaling $951,000 related to working capital and other assets. The obligor is ▇▇▇▇▇▇▇ ▇▇▇▇▇ & Root Limited-Azmi ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Al-Moiabed. 3. Term note with Saipem International of $350,000. The obligor is Southern Gas Constructors Limited. None FOR VALUE RECEIVED, the undersigned, KBR, INC., a Delaware corporation (the "Borrower"), HEREBY PROMISES TO PAY to the order of [_________________________] or its registered assigns (the "Bank") for the account of its Applicable Lending Office (as defined in the Credit Agreement referred to below) the aggregate principal amount of the Revolving Credit Advances and the Letter of Credit Advances (each as defined in the Credit Agreement referred to below) owing to the Bank by the Borrower pursuant to the Amended and Restated Revolving Credit Agreement dated as of September 25, 2015 (as amended, amended and restated, supplemented or otherwise modified from time to time, the "Credit Agreement"; terms defined therein, unless otherwise defined herein, being used herein as therein defined) among the Borrower, the Bank and certain other lender parties party thereto, Citibank, N.A., as Administrative Agent, and the Issuing Banks party thereto. The Borrower promises to pay to the Bank or its registered assigns interest on the unpaid principal amount of each Revolving Credit Advance and Letter of Credit Advance from the date of such Revolving Credit Advance or Letter of Credit Advance, as the case may be, until such principal amount is paid in full, at such interest rates, and payable at such times, as are specified in the Credit Agreement. Both principal and interest are payable in lawful money of the United States of America to Citibank, N.A. as Administrative Agent, at ▇▇▇ ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ in same day funds. Each Revolving Credit Advance and Letter of Credit Advance owing to the Bank by the Borrower and the maturity thereof, and all payments made on account of principal thereof, shall be recorded by the Bank and, prior to any transfer hereof, endorsed on the grid attached hereto, which is part of this Promissory Note; provided, however, that the failure of the Bank to make any such recordation or endorsement shall not af...
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Related to Project Finance Subsidiaries

  • Restricted Subsidiaries The Issuer shall cause any Restricted Subsidiary required to guarantee payment of the Notes pursuant to the terms and provisions of Section 10.15 to execute and deliver to the Trustee a supplement to this Indenture substantially in the form of Exhibit A hereto in accordance with the provisions of Article Nine of this Indenture pursuant to which such Restricted Subsidiary shall guarantee all of the obligations on the Notes, whether for principal, premium, if any, interest (including interest accruing after the filing of, or which would have accrued but for the filing of, a petition by or against the Issuer under any Bankruptcy Law, whether or not such interest is allowed as a claim after such filing in any proceeding under such law) and other amounts due in connection therewith (including any fees, expenses and indemnities), on an unsecured senior basis, together with an Officer’s Certificate stating that such supplemental indenture is authorized or permitted by this Indenture. Upon the execution of any such amendment or supplement, the obligations of the Guarantors and any such Restricted Subsidiary under their respective Guarantees shall become joint and several and each reference to the “Guarantor” in this Indenture shall, subject to Section 12.08, be deemed to refer to all Guarantors, including such Restricted Subsidiary. Such Guarantee shall be released in accordance with Section 8.03 and Section 12.08.

  • Additional Subsidiaries If any additional Subsidiary, other than an Insignificant Subsidiary, a Notes SPV or a Special Purpose Receivables Subsidiary, is formed or acquired after the Sixth ARCA Effective Date, the Borrower will, within ten Business Days after such Subsidiary is formed or acquired, notify the Administrative Agent and the Collateral Agent thereof and cause the Collateral and Guarantee Requirement to be satisfied with respect to any Equity Interest in such Subsidiary held by a Loan Party and any Indebtedness of such Subsidiary owed to a Loan Party. If at any time any Subsidiary that is not then a Loan Party, other than (A) an Insignificant Subsidiary, (B) prior to the PAETEC Notes Redemption Date, a Qualified PAETEC Group Member, (C) a Notes SPV, (D) any Subsidiary listed on Schedule 5.10 or (E) a Special Purpose Receivables Subsidiary, (x) is a wholly-owned Domestic Subsidiary and is permitted by applicable law or regulation (without the need to obtain any Governmental Authorization) to Guarantee the Facility Obligations or (y) Guarantees any Loan Party’s obligations in respect of any AC Holdings Bonds or any other Indebtedness (other than Indebtedness created under the Loan Documents), the Borrower shall promptly cause (A) such Subsidiary to Guarantee the Facility Obligations pursuant to the Guarantee Agreement (in the case of any Subsidiary described in clause (y), on terms no less favorable to the Lenders than those applicable under such Guarantee of other Indebtedness) and (B) the other provisions of the Collateral and Guarantee Requirement to be satisfied with respect to such Subsidiary, whereupon such Subsidiary will become a “Guarantor” and “Lien Grantor” for purposes of the Loan Documents. The Borrower will not, and will not permit any of its Subsidiaries to, form or acquire any Subsidiary (other than Insignificant Subsidiaries and other than (i) any Notes SPV, (ii) prior to the PAETEC Notes Redemption Date, any Qualified PAETEC Group Member and (iii) any Special Purpose Receivables Subsidiary) after the Sixth ARCA Effective Date unless either (x) all of the Equity Interests in such Subsidiary shall be directly held by a Loan Party or (y) such Subsidiary shall have Guaranteed the Facility Obligations pursuant to the Guarantee Agreement and shall have satisfied the other provisions of the Collateral and Guarantee Requirement with respect to such Subsidiary. Prior to the PAETEC Notes Redemption Date, the Borrower will not permit any PAETEC Group Member to form or acquire any Subsidiary except for the purpose of reorganizing the organizational structure or form of organization of any of the PAETEC Group Members. For the avoidance of doubt, from and after the PAETEC Notes Redemption Date, any Qualified PAETEC Group Member not previously subject to the requirements set forth in this Section 5.10 shall be subject to the requirements set forth in this Section 5.10 as if such Qualified PAETEC Group Member became a Subsidiary on such date.

  • Domestic Subsidiaries Where Domestic Subsidiaries of the Borrower which are not Credit Parties hereunder (the "Non-Guarantor Subsidiaries") shall at any time constitute more than (the "Threshold Requirement"): (i) in any instance for any such Non-Guarantor Subsidiary, five percent (5%) of consolidated assets for the Consolidated Group or five percent (5%) of consolidated revenues for the Consolidated Group, or (ii) in the aggregate for all such Non-Guarantor Subsidiaries, ten percent (10%) of consolidated assets for the Consolidated Group or ten percent (10%) of consolidated revenues for the Consolidated Group, then the Borrower shall (i) promptly notify the Administrative Agent thereof, and promptly cause such Domestic Subsidiary or Subsidiaries to become a Guarantor by execution of a Joinder Agreement, such that immediately after joinder as a Guarantor, the remaining Non-Guarantor Subsidiaries shall not in any instance, or collectively, exceed the Threshold Requirement, (ii) deliver with the Joinder Agreement, supporting resolutions, incumbency certificates, corporate formation and organizational documentation and opinions of counsel as the Administrative Agent may reasonably request, and (iii) deliver stock certificates and related pledge agreements or pledge joinder agreements evidencing the pledge of 100% of the Voting Stock of all Domestic Subsidiaries (whether or not they are Guarantors) and 65% of the Voting Stock of all Foreign Subsidiaries, together with undated stock transfer powers executed in blank.

  • Subsidiaries All of the direct and indirect subsidiaries of the Company are set forth on Schedule 3.1(a). The Company owns, directly or indirectly, all of the capital stock or other equity interests of each Subsidiary free and clear of any Liens, and all of the issued and outstanding shares of capital stock of each Subsidiary are validly issued and are fully paid, non-assessable and free of preemptive and similar rights to subscribe for or purchase securities. If the Company has no subsidiaries, all other references to the Subsidiaries or any of them in the Transaction Documents shall be disregarded.

  • PROJECT FINANCIAL RESOURCES i) Local In-kind Contributions $0 ii) Local Public Revenues $200,000 iii) Local Private Revenues iv) Other Public Revenues: $0 - ODOT/FHWA $0 - OEPA $0 - OWDA $0 - CDBG $0 - Other $0 v) OPWC Funds: - Loan Assistance $0