EEUK definition
Examples of EEUK in a sentence
In connection with the foregoing consent, EEUK hereby directs the Collateral Agent to enter into an intercreditor agreement in the form attached as Exhibit A and amendments thereto to effect the relative rights of the Secured Creditors and the Purchaser with respect to the Liens securing the Collateral as contemplated therein.
The Company, may, at its option, with respect to any Interest Payment Date on which any Indebtedness (other than indemnities and other contingent obligations not yet due and payable) under the EEUK Term Loan is outstanding, elect to pay interest on this Note (i) entirely in cash (“Cash Interest”), (ii) entirely by increasing the principal amount of this Note or by issuing PIK Notes (“PIK Interest”) or (iii) 50% as Cash Interest and 50% as PIK Interest (“Partial PIK Interest”).
The First Lien Noteholders hereby agree that the purchaser designated in the Purchaser Assignment shall be, and the First Lien Noteholders shall instruct the First Priority Agent to cause the purchaser designated in the Purchaser Assignment to be, the newly formed company defined as the “Company” in the Equity Term Sheet or a wholly-owned subsidiary thereof unless otherwise agreed by the Required EEUK Term Loan Lenders.
Interconnection Customer shall mean any entity, including the Transmission Provider, Transmission Owner or any of the Affiliates or subsidiaries of either, that proposes to interconnect its Generating Facility with the Transmission Provider’s Transmission System.
There are no Commitments between EIC, Seller and any of their Subsidiaries or Affiliates (other than EIH and its wholly-owned Subsidiaries), on the one hand, and EIH and any of its wholly-owned Subsidiaries, on the other, other than (a) the EIC-EEUK Services Agreement, (b) the Seller-EEUK Services Agreement, (c) the Intercompany Note and (d) that certain open account indebtedness between EIC, Seller and EEUK that will be cancelled and released in full effective as of the Closing pursuant to Section 9.7.
The EEUK Credit Agreement Amendment Term Sheet is expressly incorporated herein and made a part of this Agreement.
The Administrative Agent shall have received a subordination agreement, duly executed by each of EOC and EEUK (as amended, modified, restated and/or supplemented from time to time, the “Subordination Agreement”), with respect to (i) the Inter-Company Loan Agreement and (ii) that certain revolving loan facility agreement dated January 23, 2008 between EIH and EELux, which agreement shall be substantially consistent with the existing subordination agreement.
The Company shall, with respect to any Interest Payment Date occurring on and after the date on which there is no Indebtedness (other than indemnities and other contingent obligations not yet due and payable) outstanding under the EEUK Term Loan, pay interest on this Note entirely as Cash Interest.
EEUK has Indebtedness pursuant to that certain Inter-Company Loan Agreement, dated as of May 31, 2012, in a total principal amount of $554,000,000.
If there shall be any inconsistencies between the terms, covenants, conditions and provisions set forth in this Agreement and the terms, covenants, conditions and provisions set forth in the Credit Documents, then, unless this Agreement expressly provides otherwise, the terms, covenants, conditions and provisions of the Credit Documents shall prevail, provided that no provisions of the Credit Documents shall prevail as to any rights or obligations of EEUK or Holdings pursuant to Section 5(q) below.