Project Subsidiary definition

Project Subsidiary means any Subsidiary of the Company held for the purpose of holding, constructing or acquiring power generation facilities or related or ancillary assets or properties and any Subsidiary of the Company whose assets consist primarily of equity interests in one or more other Project Subsidiaries; provided that a Subsidiary will cease to be a Project Subsidiary if it Guarantees any Indebtedness of the Company other than obligations of the Company related to Project Debt of one or more Project Subsidiaries.
Project Subsidiary means any Subsidiary of the Company whose sole business is the ownership and/ or operation of a Project or Projects and substantially all of the assets of which are associated with or acquired or utilized in such Project.
Project Subsidiary means any Subsidiary of the Issuer or the Guarantor:

Examples of Project Subsidiary in a sentence

  • As the distributed solar photovoltaic generation facilities of each Project Subsidiary have not yet been put into operation and accordingly, no book value, revenue or profits associated with the distributed photovoltaic generation facilities were recorded in the financial statements of the Project Subsidiaries.


More Definitions of Project Subsidiary

Project Subsidiary means (a) AquaVenture (BVI) Holdings Limited and Seven Seas Water (BVI) Limited, and (b) each other Subsidiary of the BVI Borrower that is formed or acquired after the Closing Date and is designated a Project Subsidiary by BVI Borrower.
Project Subsidiary means any Subsidiary:
Project Subsidiary means any Subsidiary which (a) has Debt which is not fully recourse to NRG Energy or any other of its Subsidiaries, (b) in a group of Subsidiaries which together have Debt which is not fully recourse to NRG Energy or any other of its Subsidiaries or (c) is the owner of, or has lent funds for the development and construction of, directly or indirectly, any Exempted Project, including, without limitation, the Pike Project and the Nelson Project.
Project Subsidiary means any Subsidiary of Clearway Operating LLC held for the purpose of holding, constructing or acquiring power generation facilities or related or ancillary assets or properties and any Subsidiary of Clearway Operating LLC whose assets consist primarily of equity interests in one or more other Project Subsidiaries; provided that a Subsidiary will cease to be a Project Subsidiary if it Guarantees any Indebtedness of Clearway Operating LLC other than obligations of Clearway Operating LLC related to Project Debt of one or more Project Subsidiaries.
Project Subsidiary means a Consolidated Subsidiary of the Company (i) (A) which has no indebtedness other than Project Non-Recourse Debt, (B) which holds no indebtedness of, or direct or indirect equity interest in, the Company of any Subsidiary other than equity interests in another Project Subsidiary and (C) in which any Investment by the Company or any Subsidiary constituted a permitted investment at the time made, (ii) which is a direct or indirect Subsidiary of a Project Subsidiary or (iii) that is in existence as of the Closing Date and set forth on SCHEDULE 1.01C.