CCOL definition
Examples of CCOL in a sentence
The Borrower tenders herewith Demand Promissory Note(s) for the CCOL and/or OD credit facility(ies) mentioned above as cover for the respective credit facililty.
For United States federal income tax purposes, CCOL intends to report its sale of shares to the Buyer under the “installment method”, as defined under Section 453(c) of the United States Internal Revenue Code of 1986, as amended.
See attached document The work to be performed by the Engineer shall consist of traffic data collection/analysis, regional travel demand model update, travel demand modeling, and traffic and toll revenue forecasting for the adopted technically preferred alignment of the Collin County Outer Loop (CCOL).
Terms of the standby letter of credit shall be customary and, with respect to presentment, shall only require an officer of CCOL to certify that the Installment Payment has not been received by 4 January 2016.
The person more fully specified in Schedule I (f) or such other person or persons authorised by the Borrower from time to time shall operate the CCOL and/or OD credit facility(ies).
On Completion, the Buyer must deliver to CCOL an irrevocable standby letter of credit (the “CCOL Letter of Credit”), issued by a financial institution reasonably satisfactory to CCOL, in an amount equal to the Installment Payment.
In the event CCOL does not so elect with respect to any such Tax matter, the Buyer shall control such Tax matter, subject to the limitations contained in clauses 14.2 and 14.
Each Seller hereby irrevocably appoints CCOL as representative (the “Adjustment Representative”) of such Seller to act as the agent and on behalf of such Seller under this Agreement for the purposes of (i) determining any purchase price adjustments and payments pursuant to clauses 2.4 and 2.5, (ii) holding in escrow and disbursing the Adjustment Escrow Amount and (iii) determining any and all calculations or amounts in accordance with Schedule 5.
The Data Room Information contains, lists or refers to each Material Contract between CCOL or any of its Related Entities (other than any Group Company), on the one hand, and any Group Company, on the other hand.
Immediately following receipt of the Installment Payment by CCOL it must return the CCOL Letter of Credit to the Buyer.