SPTs definition
SPTs has the meaning specified in Section 2.21.
SPTs means SPTS Technologies Limited (Company Number 7037852), a company incorporated in England and Wales and whose registered office address is ▇▇▇▇▇▇▇▇ Way, Newport, South Wales, NP18 2TA, U.K., on behalf of itself, its subsidiaries and Affiliates;
SPTs shall have the meaning assigned to such term in Section 2.24.
More Definitions of SPTs
SPTs has the meaning specified in Section 1.11(a).
SPTs means each of the SPT-1.1, SPT-1.2, SPT-2.1 and SPT-2.2 events.
SPTs means each of the Percentage of Gender Diversity Performance Target and the GHG Emissions Performance Target.
SPTs means the Scope 1 and 2 GHG Emissions Percentage Threshold, the Scope 3 GHG Emissions Percentage Threshold, the Technically Recyclable Products Percentage Threshold and/or the Birch Seedlings Planting Amount Threshold, as applicable;
SPTs has the meaning assigned thereto in Section 2.14(a).
SPTs means as provided in Section 9.01(j). “Stated Amount” means the amount available to be drawn by a beneficiary under a Letter of Credit from time to time, as such amount may be increased or reduced from time to time in accordance with the terms of such Letter of Credit; provided, however, with respect to any Letter of Credit that, by its terms or the terms of any application related thereto, provides for one or more automatic increases in the Stated Amount thereof, the Stated Amount of such Letter of Credit shall be deemed to be the maximum Stated Amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum Stated Amount is in effect at such time. “Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability company or other business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise provided, “Subsidiary” shall refer to a Subsidiary of the Parent. “Subsidiary Guarantor” means any Subsidiary of the Parent which is a Guarantor. “Support Obligations” means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other Exhibit 10
SPTs has the meaning given to that term in in Section 13.6.(d). “S&P” means S&P Global Ratings, a Standard & Poor’s Financial Services LLC business and its successors. “Stated Amount” means the amount available to be drawn by a beneficiary under a Letter of Credit from time to time, as such amount may be increased or reduced from time to time in accordance with the terms of such Letter of Credit. “Subsidiary” means, for any Person, any corporation, partnership, limited liability company or other entity of which at least a majority of the Equity Interests having by the terms thereof ordinary voting power to elect a majority of the board of directors or other individuals performing similar functions of such corporation, partnership, limited liability company or other entity (without regard to the occurrence of any contingency) is at the time directly or indirectly owned or controlled by such Person or one or more Subsidiaries of such Person or by such Person and one or more Subsidiaries of such Person, and shall include all Persons the accounts of which are consolidated with those of such Person pursuant to GAAP. “Sustainability Assurance Provider” means an external auditing firm or sustainability assurance provider of recognized national standing reasonably satisfactory to the Administrative Agent, independent of the Parent, the Borrower and the Subsidiaries, with relevant expertise in evaluating KPIs with respect to ESG targets. “Sustainability Linked Loan Principles” means the Sustainability Linked Loan Principles as most recently published by the Loan Market Association, the Asia Pacific Loan Market Association, and the Loan Syndications & Trading Association. “Sustainability Structuring Agents” shall mean each of ▇▇▇▇▇ Fargo and PNC Bank, National Association in its capacity as such. “Swap Obligation” means, with respect to any Guarantor, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act. “Swingline Commitment” means the Swingline Lender’s obligation to make Swingline Loans pursuant to Section 2.4. in an amount up to, but not exceeding the amount set forth in the first sentence of Section 2.4.(a), as such amount may be reduced from time to time in accordance with the terms hereof.