SDTS definition
Examples of SDTS in a sentence
Each Material Project Document listed in Schedule 5.12(b) to the 2009 SDTS Note Agreement is in full force and effect, and constitutes the legal, valid and binding obligation of each party thereto as of the date hereof.
The Material Project Documents listed on Schedule 5.12(b) to the 2009 SDTS Note Agreement constitute and include all material contracts and agreements to which the Company or Sharyland is a party.
Insured: Sharyland Utilities, L.P Sharyland Distribution & Transmission Services, L.L.C. Transmission and Distribution Company, L.L.C. SU FERC, L.L.C. SDTS FERC, L.L.C.
The Company shall not have entered into any transaction since December 31, 2008 that would have been prohibited by Sections 10.1 and 10.10 through 10.12 of the 2009 SDTS Note Agreement had such Sections applied since such date.
HC06-1-000 and may be required to submit a revised notice of holding company status and/or a revised request for the waiver described in the preceding sentence as a result of the transactions contemplated in the Transaction Documents or in Schedule 10.2 of the 2009 SDTS Note Agreement.
Contemporaneously with the Closing, (a) the Company shall sell to each Purchaser and each Purchaser shall purchase the Notes to be purchased by it at the Closing as specified in Schedule A, (b) the transactions contemplated by the SDTS 2010 Note Agreement shall be consummated and (c) the transactions contemplated by the RBC Agreement shall be consummated.
The Company applied the proceeds of the sale of the Notes to (i) make an equity contribution to SDTS, (ii) pay all fees, expenses and costs related to Closing, and (iii) to fund the Debt Service Reserve Account in accordance with the terms of the Depositary Agreement.
The Company will not exercise its voting and other rights as a member of SDTS in a manner that would (i) alter or restrict the Company’s right to receive, or SDTS ability to make, distributions or (ii) cause or result in an act or omission by SDTS that constitutes or contributes to the occurrence of a “Default” or “Event of Default” under the SDTS 2009 Financing Documents or the SDTS 2010 Financing Documents or any Security Document to which SDTS is a party.
As soon as available and in any event within 30 days after the close of each fiscal year of each of Sharyland and SDTS, the annual budget of each of Sharyland and SDTS.
The Company represents and warrants to each Purchaser that each of the representations and warranties made by SDTS in the SDTS 2010 Note Agreement is true and correct on the date hereof.