Ormat definition
Examples of Ormat in a sentence
The RSUs will not be deemed granted unless you sign your name in the space provided on the enclosed copies of the letter agreement and cause one signed copy to be received by the Corporate Secretary of the Company, c/o Ormat Systems ▇▇▇., ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇.▇.
The right cannot be exercised unless you sign your name in the space provided on the enclosed copies of the letter agreement and cause one signed copy to be received by the Corporate Secretary of the Company, c/o Ormat Systems ▇▇▇., ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇.▇.
In any case where Ormat or an Affiliate incurs such loan, such loan shall bear interest and shall otherwise have terms and conditions applicable to Working Capital Loans, excluding any limitations on the aggregate principal amount outstanding on Working Capital Loans.
In any case where any Person other than Ormat or an Affiliate incurs such loan resulting from draws on any Credit Support provided on behalf of the Company or a Project Company, such loan shall bear interest and shall otherwise have terms and conditions applicable to the credit or other facility made available by such Person to Ormat or an Affiliate.
Any contrary provision of this Agreement notwithstanding, the Company and Ormat acknowledge and agree that any interest relating to the Subordinated Debt that is not paid when due under the subordinated credit agreement will be capitalized and added to the principal amount of the Subordinated Debt in accordance with the subordinated credit agreement.
Ormat, or any Affiliate of Ormat, may make (but will have no obligation to make) Capital Contributions to the Company or any Project Company for any capital expenditures that the Managing Member determines (in its sole discretion and without any requirement for consent or other action by any Class B Member) is reasonable or advisable (any such contribution, a “Capex Contribution”).
Capitalized terms used but not defined herein have the meaning set forth in the Ormat Technologies, Inc.
Any Working Capital Loans made by Ormat or an Affiliate of Ormat shall (a) be evidenced by a note substantially in form of Exhibit F hereto and (b) otherwise be on terms equivalent in all material respects to loans that would be available from a third party lender that is not an Affiliate of Ormat.
You may also arrange to have any tax (or taxes) paid directly to Ormat on your behalf from the proceeds of the sale of Common Stock to the extent provided in the notice of exercise referred to in Paragraph 9.
Ormat has agreed to permit such loan to be made so long as the Junior Creditor and the Company agree to the terms and conditions set forth in this Agreement.