ALB Entity definition

ALB Entity means any of Amaralina Star Ltd., Laguna Star Ltd., Brava Star Ltd., Amaralina Cooperatief U.A., Laguna Cooperatief U.A., Palase C.V., Podocarpus C.V., Podocarpus Management B.V., Palase Management B.V., Brava Drilling B.V.,
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ALB Entity means (i) Amaralina Holdco I, Brava Holdco I and Laguna Holdco I, and (ii) any Person owned directly or indirectly by any of the Persons in clause (i).
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ALB Entity means any of Amaralina Star Ltd., Laguna Star Ltd., Brava Star Ltd., Amaralina Cooperatief U.A., Laguna Cooperatief U.A., Palase C.V., Podocarpus C.V., Podocarpus Management B.V., Palase Management B.V., Brava Drilling B.V., Tarsus Serv. de Petroleo Ltda. and Manisa Serv. de Petroleo Ltda.), (ii) owed by any ALB Entity to any Constellation Entity (“Constellation Entity” means Constellation Overseas Ltd., Constellation Services Ltd., Servicos de Petroleo Constellation S.A., Servicos de Petroleo Constellation Participacoes S.A. and Constellation Netherlands B.V.) and (iii) for the avoidance of doubt and without duplication, any receivables between any Constellation Entities relating to the Delba Carried Loan Agreement.21 ALB Lenders to also receive the benefit of (i) a negative lien covenant regarding any other intercompany receivable, in each case within the Constellation Group, and (ii) an assignment over all ALB charter and services or operating agreement receivables (to be structured through a lien on the account into which such services or operating receivables are payable). Upon receipt, services or operating revenues will be deposited directly into an escrow account (conta vinculada) or any other applicable instrument with a Brazilian financial 20 For the avoidance of doubt, (i) the Amaralina and Laguna Star Facilities shall continue to be cross-collateralized vis a vis each other in the AL collateral (as they are today), and (ii) behind that, the Brava Star Facility to receive a subordinate silent 2nd lien in AL collateral. 21 Will not include pledges on accounts of Constellation Overseas Ltd., Servicos de Petroleo Constellation S.A., or Constellation Services Ltd. or otherwise interfere with such entities’ cash management. institution appointed by the ALB Lenders; in the absence of exercise of remedies upon an event of default, such amounts may be immediately transferred by the operator from the escrow account to an unrestricted account. ▪ Mutually agreed collateral documentation to be revised to structurally strengthen and improve collateral enforcement mechanisms so as to separate any bankruptcy risks among different collateral structures. ▪ Structure of current pledged accounts to the benefit of the ALB Lenders to be reasonably revised to enhance bankruptcy remoteness.
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More Definitions of ALB Entity

ALB Entity means (a) Amaralina Star, Brava Star and Laguna Star, (b) Brava Drilling B.V., Palase Management B.V. and Positive Investment Management B.V., (c) any other entity performing chartering and servicing solely related to ALB Assets and only own assets necessary for such servicing and‌
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Related to ALB Entity

  • JV Entity means any joint venture of the Borrower or any Restricted Subsidiary that is not a Subsidiary.

  • Company Subsidiary means any Subsidiary of the Company.

  • Business Entity means a natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of this State or of any other state or foreign jurisdiction;

  • Company Entity means each of the Company and its Subsidiaries.

  • School entity means a school district, intermediate

  • Target Company means each of the Company and its direct and indirect Subsidiaries.

  • JV Subsidiary any Subsidiary of a Group Member which is not a Wholly Owned Subsidiary and as to which the business and management thereof is jointly controlled by the holders of the Capital Stock therein pursuant to customary joint venture arrangements.

  • Subject Company shall have the meaning set forth in Section 6.10(a).

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • Foreign business entity means a foreign limited liability company, as defined in s. 183.0102 (8), a foreign partnership, as defined in s. 178.0102 (6), a foreign limited partnership, as defined in s. 179.01 (4), a foreign corporation, as defined in s. 180.0103 (9), or a foreign corporation, as defined in s. 181.0103 (13).

  • SPE Subsidiary means any Subsidiary formed solely for the purpose of, and that engages only in, one or more Securitization Transactions and transactions related or incidental thereto.

  • Acquired Company means any business, corporation or other entity acquired by the Company or any Subsidiary.

  • School District/Public Entity means the School District/Public Entity that executes the contract.

  • Joint Venture Subsidiary means a Subsidiary of the Company or any of its Subsidiaries that has no assets and conducts no operations other than its ownership of Equity Interests of a Joint Venture.

  • subsidiary entity means a person that is controlled directly or indirectly by another person and includes a subsidiary of that subsidiary;

  • Domestic business entity means a business entity organized under the laws of this state, including but not limited to a limited liability company as defined in section 489.102; a corporation organized pursuant to chapter 490; a nonprofit corporation organized under chapter 504; a partnership, limited partnership, limited liability partnership, or limited liability limited partnership as provided in chapter 486A or 488; or a cooperative association or other cooperative organized under this chapter or chapter 497, 498, 499, or 501.

  • Parent Subsidiary means any Subsidiary of Parent.

  • HK Company shall have the meaning ascribed to it in the preamble of this Agreement.

  • Business Entity/Vendor means any natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of New Jersey or any other state or foreign jurisdiction. The definition also includes (i) if a business entity is a for-profit corporation, any officer of the corporation and any other person or business entity that owns or controls 10% or more of the stock of the corporation; (ii) if a business entity is a professional corporation, any shareholder or officer; (iii) if a business entity is a general partnership, limited partnership or limited liability partnership, any partner; (iv) if a business entity is a sole proprietorship, the proprietor; (v) if the business entity is any other form of entity organized under the laws of New Jersey or any other state or foreign jurisdiction, any principal, officer or partner thereof; (vi) any subsidiaries directly or indirectly controlled by the business entity; (vii) any political organization organized under 26 U.S.C.A. § 527 that is directly or indirectly controlled by the business entity, other than a candidate committee, election fund, or political party committee; and (viii) with respect to an individual who is included within the definition of “business entity,” that individual's civil union partner and any child residing with that person. 1

  • Member organization means any individual, corporation, limited liability company, partnership, or association that belongs to an association.

  • Local entity means any city, county, city and county, or joint powers authority within the state within whose jurisdiction a State Video Franchise Holder may provide Video Service.6

  • Approved Entity means a body corporate that is incorporated or established under the laws of an OECD member state and which, on the occurrence of the Relevant Event, has in issue Relevant Shares.

  • PASS-THRU ENTITY A "Pass-Thru Entity" as defined in Section 860E(e)(6) of the Code.

  • Current Subsidiary means any Person in which the Company on the Subscription Date, directly or indirectly, (i) owns any of the outstanding capital stock or holds any equity or similar interest of such Person or (ii) controls or operates all or any part of the business, operations or administration of such Person, and all of the foregoing, collectively, “Current Subsidiaries”.

  • Joint Venture Entity means any Joint Venture, any Wholly-Owned Subsidiary of a Joint Venture or any JV Subsidiary.

  • IDI Subsidiary means any Issuer Subsidiary that is an insured depository institution.