Examples of Basell GmbH in a sentence
Basell GmbH is a holding company that does not own any Real Property, and its direct Subsidiaries (whose Equity Interests are subject to the Liens granted pursuant to the Security Documents and the Orders, subject to the Collateral and Guarantee Requirement) are limited liability companies that are neither partnerships nor real estate holding companies.
Amounts for general corporate purposes of the non-U.S. subsidiaries of Lyondell AF shall be advanced by way of intercompany loans from a Borrower to Basell GmbH (the “Intercompany Facility”), which shall (i) if required by the Instructing Group be secured by a second priority priming lien on the stock of the direct subsidiaries of Basell GmbH and (ii) be pledged as collateral security on a priming basis to secure the Term Facility.
Cash Balances of non-U.S. Obligors: On any date that the aggregate cash balances for non-U.S. Subsidiaries of Lyondell AF exceed 200 million euros, Basell GmbH shall repay the Intercompany Facility in the amount of such excess (subject to a minimum repayment requirement of the U.S. dollar equivalent of 5,000,000 euros).