Examples of Project Company in a sentence
Each of (x) the Borrower, (y) applicable Project Company (other than a Project Company that is a Tax Equity JV) and (z) Tax Equity HoldCo is a disregarded entity or corporation for U.S. federal, state and local income tax purposes.
Neither the Borrower nor any applicable Project Company, as applicable, has conducted any business other than the business contemplated by the Operative Documents or in connection with each Project, has no outstanding Indebtedness or other material liabilities other than pursuant to the Operative Documents and is not a party to or bound by any material contract other than the Operative Documents to which it is a party.
The Borrower or applicable Project Company is not in material violation of any Applicable Permit.
Enter into any activities other than the ownership, development, construction, operation, maintenance and financing of the Projects or owning the Capital Stock in a Tax Equity JV, a Lessee, a Tax Equity HoldCo, a Project Company or a Subsidiary that directly or indirectly owns a Project Company and any activities incidental to the foregoing.
The Borrower, for itself and each Project Company on each Borrowing Base Certificate Date, the date of each Borrowing, and each Tax Equity HoldCo, for itself, hereby makes the following representations and warranties to and in favor of the Administrative Agent, the Collateral Agent, the Blackstone Representative and the Lenders.