Project Subsidiaries definition

Project Subsidiaries. Means any Subsidiary of the Issuer: (i) whose sole purpose is to develop new real estate projects to be disposed shortly after completion; and (ii) which has incurred financial indebtedness extended by any lender which is not a member of the Group.

Project Subsidiaries means (i) Subsidiaries of NJR Midstream Holdings Corporation, a New Jersey corporation, and NJR Clean Energy Ventures Corporation, a New Jersey corporation, existing as of the Effective Date, (ii) midstream asset project Subsidiaries of the Borrower hereafter created or acquired engaged in the solar and wind power generation business, and (iii) midstream asset project Subsidiaries of NJR Midstream Holdings Corporation and NJR Clean Energy Ventures Corporation, and their respective Subsidiaries, hereafter created or acquired.

Project Subsidiaries means all present and future Subsidiaries of the Borrower which from time to time hold any assets forming part of the Project, including without limitation the Guarantors and their respective Subsidiaries;

Examples of Project Subsidiaries in a sentence

• The Prepay and Stream Loans are secured by way of a first ranking charge over the Project Subsidiaries’ assets, pledges of the shares of the Project Subsidiaries and guarantees of the Company and the Project Subsidiaries.

• Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries (other than Project Subsidiaries) to, at any time create, incur, assume or suffer to exist any Lien on any of its property or assets, tangible or intangible, now owned or hereafter acquired, or agree or become liable to do so, except Permitted Liens and extensions or renewals of Permitted Liens; provided in each case that the Indebtedness secured thereby is not restricted under Section 8.2.1 [Indebtedness].

• For the avoidance of doubt, FGP Topco Limited (an English registered company with number 05723691) and its Subsidiaries as of the Closing Date, and any other entity (not previously being a member of the Group) which becomes its Subsidiary on or after the Closing Date are each considered Infrastructure Project Subsidiaries.

• Project Subsidiaries from freely assuming any financial indebtedness.

• This saves transaction costs and allows assuring quality control within FORS.

More Definitions of Project Subsidiaries

Project Subsidiaries means the DBSI related entities created in connection with the acquisition, ownership, management, leasing or sale of particular real estate projects or used in connection with a bond or note investment projects.

Project Subsidiaries means the present Subsidiaries of NJR Midstream Holdings Corporation, a New Jersey corporation, NJR Clean Energy Ventures Corporation, a New Jersey corporation, and any other future asset project Subsidiaries of the Borrower or of NJR Xxxxxxxxx Xxxxxxxx Xxxxxxxxxxx, XXX Clean Energy Ventures Corporation and their respective Subsidiaries; provided, however, that any Subsidiary of NJR Clean Energy Ventures Corporation which has guaranteed the NJR Revolving Credit Agreement shall not constitute a Project Subsidiary so long as such guarantee remains in effect.

Project Subsidiaries means each Subsidiary of ITG organized under the laws of China, Nicaragua, Romania or Vietnam, and each other Subsidiary which has incurred, or which intends to incur, Indebtedness permitted under Section 11.3(b) hereof, and that has been designated as a Project Subsidiary on Schedule 6.4 or in a notice from the Company to the Purchasers.

Project Subsidiaries shall have the meaning set forth in the recitals hereto.

Project Subsidiaries means Charger Minerals Singapore Pte Ltd, IronRidge Resources Singapore Pte Ltd and Moda Minerals Singapore Pte Ltd.

Project Subsidiaries means each Subsidiary of the Company (other than any Subsidiary of the Company which is a member of the BST Group) organized under the laws of China, Nicaragua, Romania or Vietnam, and each other Subsidiary which has incurred, or which intends to incur, Indebtedness permitted under Section 11.3(b) hereof, and that has been designated as a Project Subsidiary on Schedule 6.4 or in a notice from the Company to the Purchasers.

Project Subsidiaries is hereby added to Section 1.1 of the Original Agreement immediately following the definition of "Prohibited Lien":