Examples of P1 in a sentence
The Exchange Agent shall invest any cash in the Exchange Fund if and as directed by Xxxxxx; provided that such investment shall be (1) in obligations of, or guaranteed by the full faith and credit of, the United States, (2) in commercial paper obligations of issuers organized under the Law of a state of the United States, rated P-1 or A-1 or better by Xxxxx’x Investors Service, Inc.
No Default or Event of Default has occurred and is continuing; provided, that, for purposes of this Section 4.8, no “Default” under and as defined in any P1 Financing Document shall constitute a Default hereunder.
The Borrower shall not, directly or indirectly, declare or make any Distributions other than Permitted Payments and Distributions of any proceeds of Extraordinary Distributions (as defined in the P1 Common Terms Agreement) to reimburse the Pledgor.
Each Loan Party shall, to the extent of its Loan Party Power, cause the P1 Project Company to comply with each of its affirmative and negative covenants in the P1 Financing Documents.
The Borrower will not form, own or have any Subsidiaries or otherwise own beneficially an ownership interest in any Person other than the Subsidiary Guarantors, the P1 Project Company, the P1 Project Company’s Subsidiaries, the P2 Project Entities, and other Excluded Subsidiaries.