Operating Utilities definition

Operating Utilities means, as of any date of determination, those Subsidiaries of the Parent that are operating water utilities and that are party to a Financial Services Agreement with the Borrower and the Parent.
View Source

Examples of Operating Utilities in a sentence

  • The Borrower shall not make loans or advances to, or Investments in, any Person, except for (i) Permitted Investments and (ii) Investments in the form of Permitted Swap Agreements and (iii) so long as no Event of Default has occurred and is continuing, loans or advances to, or Investments in, Parent and its subsidiaries, including the Operating Utilities pursuant to the terms of a Financial Services Agreement.

  • The proceeds of the Advances and the Letters of Credit will be used by the Borrower for working capital and other general corporate purposes of the Parent and its subsidiaries, including the Operating Utilities, including, without limitation, backstopping commercial paper and financing acquisitions (but not an acquisition of a Person that has not been approved by the board of directors (or comparable governing body) of the Person to be acquired).

  • Initial Monthly Base Rent: See Addendum 1 Initial Estimated Monthly Operating Utilities $ 0 Expense Payments (estimates only Other Expenses $ 23,418 and subject to adjustment to actual Taxes $ 147,694 costs and expenses according to the Insurance $ 30,624 provisions of this Lease) Management Fee $ 17,005 Operating Expense Payments: $ 898,281 Security Deposit: None Broker: CB ▇▇▇▇▇▇▇ ▇▇▇▇▇ Addenda: 1.

  • The Borrower shall not make ------------------------------ loans or advances to, or investments in, any Person, except that so long as no Event of Default has occurred and is continuing, the Borrower may make ▇▇▇▇▇ Loans and other loans or advances to, or investments in, Operating Utilities pursuant to the terms of the Financial Services Agreement.

Related to Operating Utilities

  • Interconnecting Utility means the utility (which may or may not be Buyer or an Affiliate of Buyer) providing interconnection service for the Facility to the Transmission System of that utility.

  • Qualifying utility means an electric utility, as the term

  • Transmitting utility means a person primarily engaged in the business of:

  • Water utility means a public utility as defined in

  • Community-based organization means a public or private nonprofit organization that is representative of a community or a significant segment of a community, and is engaged in meeting human, educational, environmental, or public safety community needs.