HLNG definition
Examples of HLNG in a sentence
This consent is subject to the conditions that on or before the date of the Transfer (i) the Facility Agreement shall have been amended by the execution of this letter, such amendments taking effect as set out in 1 and 2 below and (ii) the Agent shall have received the documents and evidence set out in 3 to 7 below in form and substance satisfactory to it; the Agent shall promptly confirm in writing to the Borrower, HLNG and MOL that the conditions to this consent have been satisfied.
If any event or circumstance occurs which the Majority Lenders reasonably believe might have a material adverse effect on the ability of HLNG, LHC or MOL to perform its obligations under the Finance Documents to which each is a party up to, as the case may be, (i) the ▇▇▇▇▇ Acceptance Date or (ii) the end of the ▇▇▇▇▇ Rejection Remarketing Period, the Borrower shall, within 45 days of receipt of notice from the Agent, prepay the Loans in full.
The Borrower has an authorised share capital of USD50,000 divided into 50,000 shares with a nominal value of USD1.00 each, all of which shares have been issued and the legal title and beneficial ownership of those shares is held, free of any Security or other claim, by HLNG as to 50 per cent.
With effect from Completion, the Seller, HLNG and the Company agree to novate to the Purchaser 3 per cent.
HLNG, MOL and TLT in proportion to their respective relative shareholding in the Company.
During the Term, HLNG SS shall, to the extent permissible under and subject to the applicable laws and regulations, provide (or procure the provision of) such Services as PT Hoegh may order under Clause 3 and which HLNG SS may accept in accordance with the terms of this agreement.
HLNG Asia’s invoice shall be accompanied by a copy of all material invoices received from third parties in connection with the supply of Ordered Products.
No Order shall be (nor deemed to be) accepted by HLNG Asia until it accepts the Order by an Order Confirmation or (if earlier) Products are delivered to PT Hoegh.
During the Term, HLNG Asia shall supply, and PT Hoegh shall purchase, such Products as PT Hoegh may order under Clause 3 and which HLNG Asia may accept in accordance with the terms of this agreement.
The Company acknowledges that, as at the date hereof, the Company is indebted to HLNG, MOL and TLT, respectively, in the principal amount of USD 18,371,058, USD 17,819,926.26 and USD 551,131.74 plus accrued interest (which is as of 31 August 2010 USD 253,112, USD 245,518.64 and USD 7,593.36 in favour of HLNG, MOL and TLT respectively).