Examples of Eligible joint venture in a sentence
The Borrower shall keep, and shall cause each of its Subsidiaries and Eligible Joint Ventures to keep, proper books of record and account, in which proper entries shall be made of all financial transactions and the assets and business of the Borrower and each such Subsidiary or Eligible Joint Venture.
The Borrower shall not, nor shall it permit any Subsidiary, to consent to the incurrence of Debt by any Eligible Joint Venture.
No Eligible Receivable or Eligible Joint Venture Receivable excluded under this Section 2.02(d) shall be included by the Borrower in any later Borrowing Base Certificate without written permission by the Lender.
Notwithstanding anything to the contrary contained in this Section 8.3, any Eligible Joint Venture which is one of the Credit Parties will not be limited by the foregoing restrictions.
Eligible Joint Venture Receivables" shall mean all rights to payment due or to become due to the Borrower or any of the Guarantors which are (i) outstanding not more than ninety (90) days after the due date specified on the original invoice with respect thereto, (ii) due from the PHI Joint Venture, and (iii) otherwise meet the criteria for Eligible Receivables.