Phase 3 Assets definition

Phase 3 Assets means assets, agreements and rights of the Issuer which relate to a possible third storage terminal (including a potential new refinery operation), provided that the same
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Phase 3 Assets means assets, agreements and rights of the Issuer which relate to a possible third storage terminal (including a potential new refinery operation), provided that the same (i) is not subject to Transaction Security or (ii) necessary for the operation of the Phase 1 Terminal or Phase 2 Terminal.
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Phase 3 Assets means the wind turbine and all other
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Examples of Phase 3 Assets in a sentence

  • We make standard assumptions that for a large enough market, price offers from export intermediaries arrive at farmers according to Poisson process with mean θ, which is the level of intermediation.

  • Therefore, if the value of the Phase 3 Assets does not exceed the amount due to the Bondholders, the Bondholders will not have any recourse to any other assets and will therefore suffer a loss on their investment.

  • The Issuer shall not, and it shall procure that no Issuer Group Company will, sell or otherwise dispose of all or any part of Phase 1 Terminal, the Phase 2 Terminal or the Admin Building (directly or indirectly) or otherwise a substantial part of its assets or operations, unless such disposal happens within the Issuer Group, consists of Phase 3 Assets or (save for the Phase 1 Terminal, the Phase 2 Terminal or the Admin Building) does not have a Material Adverse Effect.

  • In the event of the default by the Issuer of its obligations to repay the Bond in full, the Bondholders may, subject to the terms of the Bond Instrument and the Security Documents, instruct the Security Trustee to enforce the security on their behalf, and will only be entitled to recover an amount not exceeding the aggregate value of the Phase 3 Assets.

  • The security will also attach to the land acquired for the project site (once acquired) and Phase 3 Assets (once constructed).

  • In the event that the Issuer is unable to obtain refinance or a satisfactory sale of the Phase 3 Assets prior to or following the maturity date of the Bonds, there is no certainty that the Issuer will be able to repay the Bonds, or any accrued interest thereon, in full at maturity.

  • However, the security is a limited recourse, which means that the Bondholders would only be able to recover amounts received from the enforcement of the Phase 3 Assets, and has no recourse to any other assets of the Issuer (or its Affiliate, as applicable).

  • However, in the event of any default by the Issuer, the Bondholders will only be entitled to recover an amount not exceeding the aggregate value of the Phase 3 Assets.


More Definitions of Phase 3 Assets

Phase 3 Assets means assets purchased by proceeds which have been derived or will be derived from (i) the Phase 3 Capital Increase, or (ii) the disposal of the Hynix JV’s 8-inch equipment.
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Related to Phase 3 Assets

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Project Assets means all physical and other assets relating to and forming part of the Site including:

  • Subject Assets is defined in Section 2.2(c).

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Underlying Assets With respect to a Loan, any property or other assets designated and pledged as collateral to secure repayment of such Loan, including, without limitation, to the extent provided for in the relevant Underlying Instruments, a pledge of the stock, membership or other ownership interests in the related Obligor and all Proceeds from any sale or other disposition of such property or other assets.

  • Divestiture Assets means all of Defendants’ rights, titles, and interests in and to:

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).

  • Development Property means a Property currently under development for use as an office or industrial building that has not become a Stabilized Property, or on which the improvements (other than tenant improvements on unoccupied space) related to the development have not been completed, provided that such a Development Property on which all improvements (other than tenant improvements on unoccupied space) related to the development of such Property have been completed for at least twelve (12) months shall cease to constitute a Development Property notwithstanding the fact that such Property has not become a Stabilized Property.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Assets includes present and future properties, revenues and rights of every description;

  • Field emission equipment means equipment which uses an x-ray tube in which electron emission from the cathode is due solely to the action of an electric field.

  • IP Assets means all Intellectual Property owned or used by or purported to be owned or used by the Group Companies.

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;

  • Redevelopment Property means a property owned by the Company or a Consolidated Subsidiary (a) where the commenced leased square footage is less than 60% of the sum of net rentable square feet and redevelopment space, with reasonable adjustments to leased square footage determined in good faith by the Company, including adjustments for available power, required support space and common area and (b) that the Company reasonably characterizes as held in whole or in part for redevelopment.

  • Seller Intellectual Property means the Seller Owned Intellectual Property and the Seller Licensed Intellectual Property.

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • Developed Property means all Assessor’s Parcels of Taxable Property for which Building Permits were issued on or before May 1 of the prior Fiscal Year, provided that such Assessor's Parcels were created on or before January 1 of the prior Fiscal Year and that each such Assessor's Parcel is associated with a Lot, as determined reasonably by the Board.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Productive Assets means assets (including assets of a referent Person owned directly or indirectly through ownership of Capital Stock) of a kind used or useful in the Cable Related Business.

  • Invested Assets means cash, Cash Equivalents, short term investments, investments held for sale and any other assets which are treated as investments under GAAP.