No Judgment Liens; No Indebtedness. (i) None of the Project Entities has (i) a judgment lien against any of its respective property, including for a debt owed to the United States of America or any other Person or (ii) an outstanding debt (other than a debt under the Code) owed to the United States of America or any agency thereof that is in delinquent status, as the term “delinquent status” is defined in 31 C.F.R. § 285.13(d). (ii) None of the Project Entities, in accordance with Section 609.10(d)(21) of the Applicable Regulations, has owed any delinquent Indebtedness to any Governmental Authority of the United States, including tax liabilities, unless the delinquency (and all associated penalties and interest) has been resolved with the appropriate Governmental Authority pursuant to the standards of the Debt Collection Improvement Act. (iii) None of the Project Entities has outstanding Indebtedness other than Permitted Indebtedness and none of the Project Entities has other liabilities other than those permitted under the Loan Documents.
Appears in 6 contracts
Samples: Equity Participation Agreement (BrightSource Energy Inc), Equity Participation Agreement (BrightSource Energy Inc), Equity Participation Agreement (BrightSource Energy Inc)