Examples of Project Company Group in a sentence
The Issuer shall ensure that the principal amount of Financial Indebtedness (excluding intra- Group loans) incurred under any joint financing of several unrelated renewable energy projects within the same Project Company Group shall not exceed the higher of (i) EUR 200,000,000 (or its equivalent in other currencies); and (ii) 250% of Group EBITDA for the most recent Reference Period at any time outstanding for that Project Company Group.
Project Company Group means the Project Company and any of its wholly owned subsidiaries, and Project Company Group Member means any of them.
The Issuer shall ensure that the principal amount of Financial Indebtedness (excluding intra-Group loans) incurred under any joint financing of several unrelated renewable energy projects within the same Project Company Group shall not exceed the higher of (i) EUR 350,000,000 (or its equivalent in other currencies); and (ii) 250% of Group EBITDA for the most recent Reference Period at any time outstanding for that Project Company Group.
The provisions of this Section 16.1 are intended to benefit, and to be enforceable by, the Project Company Group, each Shareholder and its Affiliates, and the Affiliates of each Shareholder shall be deemed to be third party beneficiaries for the limited purpose of enforcing the provisions of this Section 16.1 with respect to such Affiliates’ Confidential Information.
Project Company Group members shall make and keep books, records and accounts that, in reasonable detail, accurately and fairly reflect all of their transactions.
The Project Company Group shall adopt the accrual method of accounting for financial reporting and income tax purposes, and shall keep (in addition to any books and accounts required under the Act or other Applicable Laws) books and records in accordance with GAAP applied on a consistent basis.
As a condition precedent to the consummation of such sale and purchase transactions, the Withdrawing Shareholder shall transfer any contractual rights, options, licenses or similar rights previously held by such Shareholder for the benefit of the Project Company Group to the Project Company Group, including, without limitation, any direct agreements with respect to Major Project Contracts, subject to the terms of the Financing Agreements.
The Project Company Group shall conduct its activities in compliance with, and each Shareholder shall and shall cause each member of its Party Group to, conduct its activities in relation to the Project Company Group and the Project in compliance with, all Applicable Laws of any jurisdiction.
HoldCo and the Shareholders shall take all necessary steps to organize the affairs of the Project Company Group so as to minimize the impact of taxation from various jurisdictions upon the Project Company Group and the Shareholders.
The books and records of the Project Company Group maintained under Section 10.1 shall be audited annually by a firm of independent accountants of international repute selected by Supermajority Board Resolution.