USEB definition
Examples of USEB in a sentence
Neither the Company nor a Subsidiary has assigned any of its right, title or interest in or under such Project Document except in accordance with the USEB Credit Documents.
The Purchaser Transaction Fees shall increase the balance due to Purchaser under the USEB Credit Documents, and shall constitute an increase in the Assumed Liabilities hereunder.
Holdings has agreed to guarantee the obligations of Company hereunder and to secure its Obligations by granting to Collateral Agent, for the benefit of Secured Parties, a First Priority Lien on substantially all of its assets (with the exception of the Equity Interests held by Holdings in USEB), including a pledge of all of the Capital Stock of Company.
Notwithstanding anything else in this Agreement, no Royalty Distribution may be made unless, at the time of such Royalty Distribution, an amount equal to or greater than 104.09% (one hundred four and nine one hundredths percent) of the amount of the Royalty Distribution is concurrently distributed to USEB Shareholders with respect to their USEB Stock which is neither (i) nonvoting stock which is limited and preferred as to dividends, nor (ii) "excluded stock" within the meaning of Code Section 1563(c).
USEB shall calculate the Royalty Interest up to and including the Conversion Effective Date and shall make the final Royalty Payment not later than 45 days following the end of the Fiscal Quarter in which the Conversion Effective Date occurs, subject to the provisions of Section 4 above.
The Company shall cause GBGH to distribute to the Company the maximum amount of Excess Cash Flow permitted to be distributed to the Company pursuant to the GBGH Second Lien Credit Agreement or otherwise, and Holdings shall cause USEB to distribute to Holdings the maximum amount of Excess Cash Flow permitted to be distributed to Holdings pursuant to the Countryside Debt or otherwise on or after the Distribution Date.
Subject to the following Section 4, Royalty Payments shall be paid within 45 (forty-five) days following the last day of each Fiscal Quarter, including the Fiscal Quarter in which the Conversion Effective Date or a Capital Event may occur, and USEB shall provide with each such payment a detailed statement of calculations supporting the determination of the Royalty Payment.
The Company shall cause GBGH and Holdings shall cause USEB to comply with all of their respective affirmative and negative covenants in the Related Agreements and the Countryside Debt.
Such financial statements for the USEB Operating Assets shall be accompanied by a narrative report from the Issuer's management, prepared in a form that complies with the requirements of Form 51-102F1 of National Instrument 51-102 - Continuous Disclosure Obligations ("Form 51-102F1") of the Canadian securities regulators.
Upon Notice from Holder of election to exercise its right to Conversion, USEB shall use its reasonable best efforts, and Holder shall use its reasonable best efforts to cooperate with USEB, to obtain all third party consents and approvals of government authorities required to effect the Conversion in the opinion of counsel to USEB, including but not limited to any ICC approval necessary to authorize a change of ownership of the Illinois Projects while maintaining their QSWEF status.