JV Entity definition
Examples of JV Entity in a sentence
At least five (5) Business Days prior written notice to the Administrative Agent of any Investments in (including any contribution of assets to) any Permitted JV Entity permitted pursuant to Section 9.05(l), describing the assets subject to such Investment and any other material information relating to the applicable Permitted JV Entity and its operations as the Administrative Agent may reasonably request.
The JV Entity (or any of its subsidiaries) sign one or more binding agreements for the Project relating to engineering, development, financing, construction, operations, power supply, compute infrastructure, data center tenancy, and any other commercialization agreements related to the Project (the “Third Milestone”).
The JV Entity procures a written report prepared by an independent third party that the Project is technically and commercially feasible (the “Second Milestone”).
The Borrower will not directly or, to its knowledge, indirectly use the proceeds from the Loans or lend, contribute or otherwise make available such proceeds to any Permitted JV Entity or any other Loan Party, joint venture partner or other Person, for the purpose of financing or facilitating the activities or business of, with or for the benefit of, any Sanctioned Person or in a Sanctioned Country, or in any manner that will result in the violation of any applicable Sanctions.