Examples of Project Debt Documents in a sentence
The Project Company has in effect the insurance coverage listed in Schedule 3.16 and as referenced under the Project Debt Documents and such coverage remains in full force and effect as of the date hereof.
This Agreement is made and entered into for the sole protection and legal benefit of the parties hereto, and their permitted successors and assigns, and no other Person shall be a direct or indirect legal beneficiary of, or have any direct or indirect cause of action or claim in connection with, this Agreement or any of the other Project Debt Documents.
Each of the Bridge Loan Lenders and the Bridge Collateral Agent acknowledges and agrees that Project Company, Holdings or Intermediate Holdco are not permitted to have any indebtedness, other than obligations of the Project Company and Intermediate Holdco constituting “Permitted Indebtedness” under the Project Debt Documents, and of Holdings in connection with the Parent Sub-Debt and the Bridge Loan Facility.
Merge into or consolidate with any Person or permit any Person to merge into it, or permit any of its Subsidiaries to do so; provided, that the Sabine Partners may merge with and into each other so long as (i) such merger is Cheniere Credit Agreement permitted under the Project Documents and the Project Debt Documents, in each case, to which any Borrower Party is a Party, and (ii) if the Sabine General Partner is a party to such merger, the Sabine General Partner shall be the surviving entity.
Upon the payment in full in cash and performance in full of all Obligations, and the termination of all Commitments and other obligations of the Secured Parties under the Project Debt Documents (other than, in each case, those Obligations that are intended to survive the termination of the Project Debt Documents, including, for the avoidance of doubt, Unasserted Contingent Indemnification Obligations), this Agreement shall terminate.
The delivery of the Assignment of Interests in the manner provided in Section 2.03 will transfer to Purchaser good and valid title to the Purchased Interests, free and clear of all Liens, other than Liens created or suffered to exist by Purchaser or Liens created or existing under the Project Debt Documents.
The Project Debt Documents are deemed to have been executed and delivered, and all extensions of credit thereunder are deemed to have been made or incurred, in reliance upon this Agreement.
The Consents (or in lieu thereof waivers) set forth in Schedule 4.03 shall have been obtained and shall be in full force and effect, including without limitation the consent of the Lender under the Project Debt Documents.
The Bridge Loan Secured Parties agree that any amounts received by or distributed to any of them pursuant to or as a result of realization of Liens on any assets of any Greenpac Party granted in contravention of this Section 2.1 shall be turned over to the Agent for application to the Project Obligations in accordance with the Project Debt Documents.
Enter into or suffer to exist, or permit any of its Subsidiaries to enter into or suffer to exist, any agreement prohibiting or conditioning the creation or assumption of any Lien upon any of its property or assets except (i) agreements in favor of the Secured Parties or (ii) prohibitions or conditions under any Project Debt Documents applicable solely to the assets of the Project Parties and the Project Parents.