Acceptable LLC means a limited liability company formed under Delaware law which (i) has at least one springing member, which, upon the dissolution of all of the members or the withdrawal or the disassociation of all of the members from such limited liability company, shall immediately become the sole member of such limited liability company, and (ii) otherwise meets the Rating Agency criteria then applicable to such entities.
Acceptable LLC means a limited liability company formed under Delaware law which has at least one springing member, which, upon the dissolution of all of the members or the withdrawal or the disassociation of all of the members from such limited liability company, shall immediately become the sole member of such limited liability company.
Acceptable LLC. Schedule IV
Examples of Acceptable LLC in a sentence
It is also required to be noted that even by interim order, defendant No. 2 was permitted to fulfill its commitment with Hindustan Zinc Ltd., and it is an admitted fact that, in the past, it has already supplied high chromium grinding media with wear rate of less than 760 gms/tonne to Hindustan Zinc Ltd.
If Borrower is a partnership or limited liability company (other than an Acceptable LLC), each general partner (in the case of a partnership) and at least one member (in the case of a limited liability company) of Borrower, as applicable, shall be a corporation or an Acceptable LLC (each, an " SPE Component Entity") whose sole asset is its interest in Borrower.
More Definitions of Acceptable LLC
Acceptable LLC. Schedule IV “Account Collateral” – 6.9
Acceptable LLC has the meaning set forth on Schedule III attached hereto.
Acceptable LLC means a limited liability company formed under Delaware or Maryland law which (i) has at least one springing member, which, upon the dissolution of all of the members or the withdrawal or the disassociation of all of the members from such limited liability company, shall immediately become the sole member of such limited liability company,(ii) otherwise meets the Rating Agency criteria then applicable to such entities and (iii) satisfies the requirements of Section 5.2 hereof with respect to an Independent Director.
Acceptable LLC means a limited liability company formed under Delaware or Maryland law which (i) has at least one springing member, which, upon the dissolution of all of the members or the withdrawal or the disassociation of all of the members from such limited liability company, shall immediately become the sole member of such limited liability company, and (ii) otherwise meets the Rating Agency criteria then applicable to such entities. "Act" shall have the meaning set forth in Section 3.1.24( d) hereof. "Actual Debt Service Coverage Ratio" shall mean as of the last day of the calendar month immediately preceding the applicable date of determination, the quotient obtained by dividing (1) the Adjusted Net Cash Flow by (2) the aggregate actual Debt Service (excluding Reserve Funds) projected over the twelve (12) month period subsequent to the date of calculation; provided, that, the foregoing shall be calculated by Lender (A) assuming that the Loan had been in place for the entirety of said period and (B) disregarding any "interest only" period under the Loan and assuming that constant principal and interest payments were due for the entirety of said period based the Interest Rate and a thirty (30) year amortization schedule. DMEAST #17478116 v7
Acceptable LLC. Schedule IV “Accounts” – 6.1.1(b) “Act” – Schedule IV “Advance Rent Account” – 6.1.5 “Advance Rent Funds” – 6.1.5 “Affected Property” and “Affected Properties” – 2.4.3(a) “Agreement” – Introductory Paragraph “Anti-Money Laundering Laws” –4.1.16 “Approved Annual Budget” – 6.8.3 “Approved Extraordinary Operating Expense” – 6.8.4 “Approved Initial Budget” – 6.8.3 “Automatic Sweep Instructions” – 6.1.1(a) “Available Cash” – 6.8.1(m) “Borrower” – Introductory Paragraph “Borrower TRS Permitted Indebtedness” – 4.2.8 “Borrower’s Operating Account” – 6.1.3 “Capital Expenditure Account” – 6.4.1 “Capital Expenditure Funds” – 6.4.1 “Cash Collateral Account” – 6.7.1 “Cash Collateral Floor” – 6.7.2 “Cash Collateral Funds” – 6.7.1 “Cash Management Account” – 6.1.1(b) “Cash Management Accounts” – 6.9 “Casualty” – 5.2 “Casualty and Condemnation Account” – 6.6 “Casualty and Condemnation Funds” – 6.6
Acceptable LLC has the meaning set forth in the definition of Special Purpose Entity.
Acceptable LLC means (A) a limited liability company formed under Colorado law which has at least one springing member, which, upon the dissolution of all of the members or the withdrawal or the disassociation of all of the members from such limited liability company, shall immediately become the sole member of such limited liability company, or (B) a limited liability company formed under Delaware law which (i) has at least one springing member, which, upon the dissolution of all of the members or the withdrawal or the disassociation of all of the members from such limited liability company, shall immediately become the sole member of such limited liability company, and (ii) otherwise meets the Rating Agency criteria then applicable to such entities.