Asset Company definition

Asset Company means any entity (a) (i) whose principal purpose is the acquisition, improvement, installation, design, engineering, construction, development, completion, financing, maintenance or operation of all or any part of a project or projects, or any asset related thereto, used in the business of generating, transmitting, transporting, distributing, producing or storing electric power, thermal energy, natural gas or other fuel or other energy-related businesses and (ii) substantially all its assets are limited to those assets being financed (or to be financed), or the operation of which is being financed (or to be financed), in whole or in part by a Project Financing Facility entered into by such entity and/or any Investment Vehicle that owns such entity or by contributions or intercompany loans from the Guarantor, any Restricted Subsidiary or any such Investment Vehicle or (b) which entity is a Subsidiary of an entity described in clause (a) and the business and assets of which are related to the business of such entity and which does not incur any Indebtedness other than (A) intercompany loans from an Asset Company which is the parent of such Subsidiary, the Guarantor, any Restricted Subsidiary or any Investment Vehicle that indirectly owns such Subsidiary, (B) Indebtedness of the type described in Section 4.12(i) or (C) Indebtedness under a Project Financing Facility.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Asset Company means the buyer of assets identified in the first paragraph of the Asset Purchase Agreement or any permitted assignee thereof.

Asset Company and “Asset Companies” mean, with respect to the Company, entities set forth on Schedule 4.1(C).

Examples of Asset Company in a sentence

If a third party fails to pay MAEM any amount due for Products sold to such party, MAEM shall only be required to pay the Asset Company the amount received by MAEM from the third party.
With respect to the Infrastructure Asset Companies in which the Company hereto invested one will find a broad range of different financial and operational partners (as is demonstrated in the descriptions of the individual investments in Section 13.2 and 13.30 of this Prospectus which identify the most important counterparties per Infrastructure Asset Company).
This could have an impact on the timing and/or amounts of distributions or other payments paid to the Company by such Infrastructure Asset Company.
If an Asset Company acquires an Approved Property after the date of this Agreement in accordance with the terms of this Agreement, that Asset Company must deliver to the Facility Agent each of the documents and evidence listed in Part 3 of Schedule 2 (Conditions Precedent Documents).
In certain cases, the repayment of the debt funding that is in place at the level of an Infrastructure Asset Company falls due before the end of the Infrastructure Asset Company's expected useful life.
However such process may not fully eliminate all risks or liabilities with respect to the investment or the Infrastructure Asset Company.
Not obtaining the necessary permits, expiry of permits or increased obligations in obtaining permits could have a material adverse effect on the business operations and results of the Infrastructure Asset (Company) concerned and thus the Company.
The Djibouti Asset Company is owned as to 30% by the Asset Joint Venture, 60% by Great Horn and 10% by PDA.
Seller shall use its reasonable best efforts to promptly comply (and cause each such Person making an application in connection with the OpCo Asset Company Gaming Licenses to comply) with any reasonable request of any Gaming Authority related to any such applications.
As used in this Agreement, the term “Member” means Diamond Foreign Asset Company, in its capacity as a member of the Company, and any person or entity hereafter admitted to the Company as a member, but such term does not include any person or entity who has ceased to be a member of the Company.

More Definitions of Asset Company

Asset Company. Beijing Jingcheng Machinery Electric Asset Management Co., Ltd ( 北京京城機電資產管理有限責任公司 ), a joint stock company incorporated in the PRC with limited liability, is a wholly-owned subsidiary of Jingcheng Machinery Electric “Beijing Tianhai” Beijing Tianhai Industry Co., Ltd. ( 北京天海工業有限公司 ), a joint stock company incorporated in the PRC with limited liability, is an indirect wholly-owned subsidiary of the Company

Asset Company means ▇▇▇▇▇▇▇, ▇▇▇▇▇ & Co., a Delaware limited partnership, or its permitted assignees.

Asset Company means any Group Member (other than the Parent and the Luxco Borrower but including, unless otherwise specified, the German Borrower) that owns a Property.

Asset Company means Goldman, Sachs & Co., a Delaware limited partnership, or its permitted assignees.

Asset Company shall have the meaning given such term in the recitals of this Agreement.