Examples of Approved Joint Venture in a sentence
The Company, a Restricted Subsidiary or an Approved Joint Venture, as applicable, shall have no right to obtain issuance of Letters of Credit which have an expiration date later than the earlier of (i) the Revolving Credit Termination Date or (ii) 24 months from issuance of such Letter of Credit.
The Borrower shall insure that if, as a result of the Approved Joint Venture, the ownership of the Borrower or any Subsidiary changes from that set forth in Section 2.1(q), the new owner shall immediately become a Pledgor hereunder and shall execute a pledge of its shares in the Borrower or a Subsidiary of the Borrower, as the case may be, in favor of the Collateral Agent substantially in the form of Exhibit G hereto.
The Company and each Restricted Subsidiary or Approved Joint Venture shall be bound by such Issuing Bank’s or any issuing or accepting bank’s regulations and good faith interpretations of any Letter of Credit, regardless of whether any such interpretation may be different from that of the account party of such Letter of Credit.
The New Guarantor hereby agrees that it is a "Guarantor" under that certain Guaranty dated as of April 23, 2003 (the "Guaranty"), made by the Parent and each Subsidiary and Approved Joint Venture a party thereto in favor of the Agent and the Lenders and assumes all obligations of a "Guarantor" thereunder, all as if the New Guarantor had been an original signatory to the Guaranty.
The Company and each Restricted Subsidiary or Approved Joint Venture shall be bound by Huntington's or any issuing or accepting bank's regulations and good faith interpretations of any Letter of Credit, regardless of whether any such interpretation may be different from that of the account party of such Letter of Credit.