Examples of Trading Co Group in a sentence
Material subsidiaries to be limited to those representing 5% of more of the consolidated EBITDA or consolidated total assets of the Trading Co Group, provided that a guarantor coverage test to be agreed in good faith shall be satisfied.
Other than with respect to any fees for services and amounts owing under working capital facilities provided by the Trading Co Group to the Asset Co Group which it is agreed between the Company and the Ad Hoc Group prior to the Restructuring Effective Date should be paid by the Asset Co Group to the Trading Co Group, the Trading Co Group will have no economic interest in the Asset Co Assets.
It is intended that all Asset Co Assets, including any rights that any member of the Asset Co Group has against any member of the Trading Co Group shall be subject to security granted by the Asset Co Group in connection with the New Asset Co Bonds.
On an enforcement of the General Security, any member of the Trading Co Group can be disposed of free of all Liabilities.
Those intercreditor arrangements may have an impact on and may, to some extent vary, the intercreditor principles set out in the Intercreditor Principles Term Sheet and may afford the Trading Co Group priority with respect to the proceeds of enforcement of security over certain Asset Co Assets.
The St. Louis Province (Missouri) purchased land in 1908 for thefoundation of Fontbonne College in St. Louis and obtained its charter in 1917.
The Company’s business portfolio comprises (see footnote 1): Trading Co Group: which controls and operates the asset-light commodities supply chain management business in the Energy and Metals, Minerals and Ores segments and provides management services to Asset Co Group; and Asset Co Group: which holds the Group’s interests in Harbour Energy and three dry bulk carrier vessels (the “Vessels” see footnote 2) and the Group’s beneficial interests in Jamalco (see footnote 3) and Noble Plantations.
Despite the metals business being impacted by global trade tensions, which weighed on base metal prices, Trading Co generated operating income from supply chains of US$197 million and EBITDA of US$165 million.* Trading Co Group and Asset Co Group are referred to in this document as Trading Co and Asset Co respectively unless otherwise noted.
For the avoidance of doubt, the New Asset Co Bonds shall not have recourse to the assets of New Noble, the Trading Hold Co Group and the Trading Co Group, in each case except in respect of any Asset Co Assets to which legal title is retained by New Noble, the Trading Hold Co Group or the Trading Co Group.
In particular, Trading Co Group ended the period with an adequate liquidity position and conservative leverage, with adjusted net debt at US$182 million at 30 September 2019.