Additional Sponsor definition

Additional Sponsor means any one of (a) a member of the Charterer Group (as at the date of this Agreement), (b) an Affiliate of any member of the Charterer Group which is approved by all the Facility Lenders (acting reasonably) or (c) any other person which is approved by all the Facility Lenders. Additional Sponsor Date means the date upon which Additional Sponsor acquires up to a maximum of fifty per cent. (50%) of the membership interests in the Borrower and at its option, a maximum of up to fifty per cent. (50%) of the shares in the Bareboat Charterer, upon, and subject to, the satisfaction of each of the conditions precedent set out in Schedule 2, Part 5 of this Agreement.
Additional Sponsor shall have the meaning ascribed to such term in Section 1.4(a) hereof.

Examples of Additional Sponsor in a sentence

  • No Event of Default has occurred or would occur as a result of the occurrence of the Dropdown Date and/or, as the case may be, Additional Sponsor Date.

  • Additional Sponsor Benefits to be provided to Sponsor are set forth in Exhibit A hereto.

  • The occurrence of a Dropdown Date and/or the Additional Sponsor Date does not cause a breach or default of any term of the Charter and/or the Purchase Option Agreement.

  • Xxxxxxx X.X. Xxx 00, Xxxxxxx Xxxxxx, PA 16133 814-786-8849 XxxxxxxXXxxxxxx@xxx.xxx With copy to: [Insert Additional Sponsor Contact Information if Applicable] Confidentiality.

  • In the event of a sale or disposal of the Vessel whether pursuant to the Purchase Option Agreement or otherwise, or any sale of (i) the membership interests of the Borrower and/or (ii) shares in the Bareboat Charterer or any interest in such shares (other than on a Dropdown Date and/or the Additional Sponsor Date), the Total Commitments shall be reduced to zero on the date of such sale or disposal.

  • CURewards – Additional Sponsor Rules and Conditions Points are earned on purchases; $1.00 purchased equals one CURewards point.

  • The Borrower shall procure that its legal and beneficial ownership remains the same as advised to the Facility Agent on or about the date of this Agreement, other than permitted in accordance with the Facility Documents and if the ownership of any Security Party changes (other than pursuant to a Dropdown Date or Additional Sponsor Date), the Borrower shall supply a group structure chart detailing those changes to the Facility Agent.

Related to Additional Sponsor

  • additional spouse means a spouse by the party to the marriage who is additional to the party to the marriage;

  • Prototype Sponsor Means the entity specified on the Adoption Agreement which sponsors this prototype plan.

  • Additional SDU Study means a deliverability study that a Developer may elect to pursue as that term is defined in OATT Section 25 (OATT Attachment S). For purposes of Section 23.4.5 of this Attachment H, “Affiliated Entity” shall mean, with respect to a person or Entity:

  • Underlier Sponsor means S&P Dow Jones Indices LLC.

  • Project Sponsor means an eligible governmental agency receiving program funds pursuant to an approved application.

  • Financial Sponsor means any Person, including any Subsidiary of such Person, whose principal business activity is acquiring, holding, and selling investments (including controlling interests) in otherwise unrelated companies that each are distinct legal entities with separate management, books and records and bank accounts, whose operations are not integrated with one another and whose financial condition and creditworthiness are independent of the other companies so owned by such Person.

  • Additional Filing Date means the date on which the Additional Registration Statement is filed with the SEC.

  • Non-Lead Sponsor means the Note A-2 Holder in its capacity as the sponsor with respect to the Non-Lead Securitization Note in connection with the Non-Lead Securitization.

  • Traditional member of the National Guard or federal reserves means an active member of the Selected Reserve subject to mobilization and deployment for which he or she attends monthly and annual training periods.

  • Additional Services shall have the meaning set forth in Section 2.03(a).

  • School-Sponsored Activity means any activity sponsored, recognized or authorized by the Board and includes activities conducted on or off school property.

  • Additional Service means any Services/Deliverables within the scope of the Contract, but not specifically provided under any Statement of Work, that once added will result in the need to provide the Contractor with additional consideration.

  • Sponsor shall have the meaning given in the Recitals hereto.

  • Named Fiduciary means the Fiduciary or Fiduciaries named herein or in the Adoption Agreement who jointly or severally have the authority to control and manage the operation and administration of the Plan.

  • CME Term SOFR Administrator means CME Group Benchmark Administration Limited as administrator of the forward-looking term Secured Overnight Financing Rate (SOFR) (or a successor administrator).

  • Additional Member has the meaning set forth in Section 12.02.

  • Additional Holder shall have the meaning given in Section 5.10.

  • Corrections support staff member means an adult or juvenile

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • Additional gap medical benefits means the benefits (if any) payable in respect of medical expenses that are more than the schedule fee and which otherwise meet the requirements of the fund’s no or known gap policy, provided always that the medical expenses relate to a professional service that:

  • Additional Members means those Members, if any, admitted to the Company after the Effective Date.

  • Additional Filing Deadline means if Cutback Shares are required to be included in the Additional Registration Statement, the later of (i) the date sixty (60) days after the date substantially all of the Registrable Securities registered under the immediately preceding Registration Statement are sold and (ii) the date six (6) months from the Initial Effective Date or the last Additional Effective Date, as applicable.

  • Initial application means the Application first provided to MFA on or before an Application Deadline to request an allocation of Tax Credits.

  • Additional Units means such Units (as defined herein) as are issued in respect of Additional Securities."