Shareco definition
Examples of Shareco in a sentence
Each of the Project Company and Shareco is qualified to do business and is in good standing in the state in which the Project is located and each other jurisdiction where the character of its property or the nature of its business makes such qualification necessary.
None of the Project Entities or Shareco has applied to the IRS or any state tax authority for any Tax ruling with respect to the Project Entity, Shareco or the Project, other than to the extent related to a Specified Tax Law Change as provided by Section 2.2(d)(i), which ruling request has been made available to the Class A Equity Investors.
The Borrower represents that neither it, Shareco, the Pledgor, any other Loan Party nor any of its Subsidiaries has engaged in or intends to engage in any dealings or transactions with, or for the benefit of, any Sanctioned Person or with or in any Sanctioned Country.
Each of the Borrower and Shareco is a limited liability company duly organized, validly existing and in good standing under the laws of Delaware.
Other than pursuant to the Material Project Agreements or the Transaction Documents, none of the Project Entities or Shareco have any liability for Taxes of any Person as a transferee or successor, by Contract or otherwise.
Anything to the contrary herein notwithstanding, the Class B Equity Investor shall not have any right to seek contribution from any Project Entity or Shareco with respect to all or any part of its indemnification obligations under Section 8.1.
Other than Shareco, the Project Company has no, and has never had any, subsidiaries.
As of the ECCA Effective Date and each Capital Contribution Date, except for the Loan Documents and as disclosed in Part I of Schedule 3.13 or the unaudited interim balance sheets of the Project Entities and Shareco attached hereto as Schedule 3.7, none of the Project Entities or Shareco has any outstanding Indebtedness.
No written claim has been made by any Tax authority in a jurisdiction where the applicable Project Entity or Shareco does not file a Tax Return that the applicable Project Entity or Shareco is or may be subject to Tax in that jurisdiction.
Each Class A Equity Investor has been provided with true, correct and complete copies of the charter documents of each of the Project Company and Shareco as currently in effect.