Infrastructure Assets definition
Examples of Infrastructure Assets in a sentence
Notwithstanding the foregoing, in the event of a Permitted BST/HST Equity Disposition, any application of Net Proceeds made (x) pursuant to clause (b)(1) shall be made to reduce the Indebtedness of the Company or a Guarantor and (y) pursuant to clause (b)(2) shall only be in respect of the Specified JV Subsidiary or any other BST/HST Related Infrastructure Assets.
Effective October 1, 1998, SOC, at Shell’s Belpre site (the “Site”), contributed to Infineum: a one hundred percent (100%) ownership interest in the Proprietary Equipment, Infineum Product and Infineum Materials; a one hundred percent (100%) ownership interest in the volumes of Materials specified for Infineum in Schedule 1; and an undivided ownership interest in the “G-1” Unit, the “G-2” Unit, the hydrogen plant and the Infrastructure Assets in the respective percentages listed in Schedule 1A.
Although it is anticipated that these are likely to achieve their desired effect, if any of these operations or arrangements were successfully challenged by the relevant tax authorities, the Company and the Infrastructure Assets could incur additional tax liabilities which could adversely affect the Company's effective tax rate, results of operations and financial condition.
Two of the Infrastructure Assets (Bio‐Versneller and Parkeergarage Eemplein see Section 13.2.3 of this Prospectus), together accounting for about 17,10% of the Initial Investment Portfolio’s FMV as per December 31, 2014 (amounting to 10,40% (excluding unrealized gains) of the revenues for 2014), are reliant on revenues measured in relation to the number of users and thus have direct exposure to demand risk.
The revenues and expenditure of Infrastructure Assets developed under PPP are frequently partly or wholly subject to indexation.