Project Holdco definition

Project Holdco means a wholly-owned Domestic Subsidiary of Borrower that is a Guarantor and 100% of the Equity Interests of which have been pledged to the Collateral Agent under the Pledge and Security Agreement.

Project Holdco has the meaning set forth in the recitals to this Participation Agreement.

Project Holdco means the Japanese Holdco and any other entity which is owned to at least seventy (70) per cent. by the Issuer and incorporated (or acquired as an off the shelf company) for the purpose of making Project Investments.

Examples of Project Holdco in a sentence

• It is owned as to 70% and 30%, respectively by the Project Holdco and the PRC Partner which is not a connected person of the Company.

• The relationship between Project Holdco and PRC Partner is governed by the terms of the Cooperation Agreement under which the parties agreed to contribute registered capital, share in the profits and enjoy voting rights pro rata to their equity interest, and Project Holdco would have the right to appoint two of three directors of Project Company and the Chairman of its board.

• The Site was awarded by public auction to Project Holdco on 26 September 2021.

• If Supreme Gain does not provide its pro rata portion of such additional funding, RKP need not make further payments described under “Participation Rights” above until after Project Holdco has recovered the relevant additional funding paid to Project Company from Distributions or Proceeds.

• If instead Supreme Gain provides the entire amount of additional funding required by the Project Company from Project Holdco (i.e. the RKI Group does not provide its pro rata portion of additional funding), then RKP shall pay to Supreme Gain an amount equal to all Distribution or Proceeds paid by the Project Company thereafter until the aggregate amount so paid is equal to the additional funding provided by Supreme Gain.

More Definitions of Project Holdco

Project Holdco has the meaning assigned to it in Section 5.2;

Project Holdco means the Japanese Holdco and any other entity which is wholly owned by the Issuer and incorporated (or acquired as an off the shelf company) for the purpose of making Project Investments.

Project Holdco means (a) from the Closing Date until the Post-IPO Reorganization, a wholly-owned Domestic Subsidiary of Borrower and (b) from and after the Post-IPO Reorganization, a wholly-owned Subsidiary of Borrower or a wholly-owned Guarantor Subsidiary of which, in each case, (i) 100% of the Equity Interests have been pledged to the Collateral Agent under the Collateral Documents and (ii) such Project Holdco shall be organized in an Approved Jurisdiction.

Project Holdco means each of OFC, OrCal, OrHeber 1, OrMammoth, ORNI 1, ORNI 2, ORNI 7, ORNI 44, and Heber Field, in each case, as defined in the Contribution Agreement.

Project Holdco means any direct Wholly Owned Subsidiary of Holdings acquired or organized by Holdings solely in connection with the ownership and operation of a Permitted Project, including RSFC, LLC; provided that, for the avoidance of doubt, none of the Borrower or any of its subsidiaries shall be a Project Holdco.

Project Holdco means a direct, wholly-owned Domestic Subsidiary of Borrower that is a Guarantor and 100% of the Equity Interests of which have been pledged to the Collateral Agent under the Pledge and Security Agreement.

Project Holdco means, (i) on and after the Closing Date, (A) in the case of the US Utility Fund Project, TerraForm Utility Solar XIX Holdings, LLC, (B) in the case of the California Ridge Project and Prairie Breeze Project, TerraForm IWG Acquisition Holdings III, LLC, (C) in the case of the Rattlesnake Project, TerraForm IWG Acquisition Holdings, LLC, (D) in the case of the Raleigh Project, TerraForm IWG Ontario Holdings Grandparent, LLC, and (E) in the case of the Xxxxxx Hill Project, TerraForm IWG Acquisition Ultimate Holdings II, LLC, and (ii) on and after the applicable Funds Release Date for the Post-Closing Acquisition Project, (A) in the case of the South Plains I Project, FW Panhandle Portfolio II, LLC, and (B) in the case of Prairie Breeze II Project and Prairie Breeze III Project, TerraForm IWG Acquisition Holdings III, LLC.