Verestar definition

Verestar means Verestar, Inc. (formerly ATC Teleports Inc.), a Delaware corporation.
View Source
Verestar means Verestar, Inc. or any of its subsidiaries; provided, that the Company and any Subsidiary of the Company may not transfer to Verestar assets with a Fair Market Value at the time of such transfer in excess of $100.0 million in the aggregate (other than cash or cash equivalents, as to which no such limit shall apply) for so long as Verestar remains designated as an Unrestricted Subsidiary.
View Source

Examples of Verestar in a sentence

  • The Borrowers hereby acknowledge and agree that any net cash proceeds received by the Parent or any Borrower from any Verestar Entity (whether in connection with the bankruptcy proceeding of Verestar or otherwise) in respect of its investment therein or any loans thereto shall be paid to the Administrative Agent and shall be applied to the Loans then outstanding on a pro rata basis.

  • Subsidiaries of the Company have entered into a Credit Agreement, dated as of January 6, 2000, among Verestar Inc., American Towers, Inc.

  • Furthermore, Verestar agrees that it will remain bound by Sections 7.1, 7.2, 7.3, 7.5, 7.6, 7.7, 7.12, and 7.14 of the Loan Agreement (except for loans from and Liens in favor of the Borrowers or any Restricted Subsidiary).

  • Furthermore, the Borrowers have informed the Administrative Agent and the Lenders that the potential purchasers of such ownership interests in Verestar may make loans to Verestar for operating expenses prior to the consummation of the Verestar Sale, which loans shall be secured by a first priority security interest in the assets of the Verestar Entities.

  • For the avoidance of doubt, the second and third to last sentences of Section 3(a) of the Seventh Amendment to the Prior Loan Agreement shall continue to apply solely with respect to the sale of ownership interests of Verestar held by the Parent and the Parent Pledge Agreement (and references therein to stock and Capital Stock shall be deemed to include stock or Capital Stock or any other type of ownership interest into which such stock or Capital Stock is converted).

  • Subsidiaries of the Company have entered into a Credit Agreement, dated as of January 6, 2000, among Verestar, Inc., American Towers, Inc.

  • The Borrowers have informed the Administrative Agent and the Lenders that the Parent intends to sell at least ninety percent (90%) of the ownership interests of Verestar (the “Verestar Sale”).

  • Verestar hereby agrees that nothing set forth in this Amendment shall be deemed to release Verestar from any obligations and/or Obligations that it may have with respect to the Loans or otherwise under the Verestar Guaranty.