Examples of Bulk Partners in a sentence
Bulk Partners, a wholly owned subsidiary of the Company, is also a holding company that was incorporated under the laws of Bermuda as an exempted company on June 17, 2008, by three individuals who are collectively referred to as the Founders.
Bulk Partners, which following the Mergers is wholly owned by the Company, is also a holding company that was incorporated under the laws of Bermuda as an exempted company on June 17, 2008, by three individuals who are collectively referred to as the Founders.
Xxxxxxxx & Co. Limited Platou Shipbrokers SCHEDULE 4.6 EQUITY INTERESTS IN HOLDING COMPANY Bulk Partners (Bermuda) Ltd.
From the first Drawdown Date until the Total Commitments have terminated and all amounts payable hereunder have been paid in full the Borrowers and Bulk Partners undertake with each Creditor Party to comply or cause compliance with the following provisions of this Clause 12 except as the Agent, with the consent of the Majority Lenders, may approve from time to time in writing, such approval not to be unreasonably withheld.
Bulk Partners shall maintain a Consolidated Net Worth of not less than $30,000,000 plus, with respect to any vessel purchased or leased by Bulk Partners or its subsidiaries after the Effective Date, for so long as such vessels are legally or economically owned, 25% of the purchase price or (finance) lease amount of such vessels.
Shareholder Number of Shares Percentage Citizenship Bulk Partners Holding Company Bermuda Limited 10,000 100% Bermuda EQUITY INTERESTS IN CHARTERER Americas Bulk Transport (BVI) Limited Shareholder Number of Shares Percentage Citizenship Bulk Partners Holding Company Bermuda Ltd.
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But the City fails to establish that section 112.4(a) satisfies Central Hudson’s third and fourth requirements.
Bulk Partners shall maintain a Consolidated Leverage Ratio of not more than 200%.
From and after January 1, 2013, Bulk Partners shall maintain a Consolidated Debt Service Coverage Ratio of not less than 120% (on a rolling four quarter basis, tested as of the last day of each fiscal quarter).