Examples of Bulk Partners in a sentence
Name: Name: Capacity: Capacity: As Guarantor, Bulk Partners (Bermuda) Ltd.
Bulk Partners shall maintain a Consolidated Net Worth of not less than $30,000,000 plus, with respect to any vessel purchased or leased by Bulk Partners or its subsidiaries after the Effective Date, for so long as such vessels are legally or economically owned, 25% of the purchase price or (finance) lease amount of such vessels.
From the first Drawdown Date until the Total Commitments have terminated and all amounts payable hereunder have been paid in full the Borrowers and Bulk Partners undertake with each Creditor Party to comply or cause compliance with the following provisions of this Clause 12 except as the Agent, with the consent of the Majority Lenders, may approve from time to time in writing, such approval not to be unreasonably withheld.
Promptly upon the institution of a Plan, a Multiemployer Plan or a Foreign Pension Plan by a Borrower or Bulk Partners, the Borrowers shall furnish or cause to be furnished to the Agent written notice thereof and, if requested by the Agent or any Lender, a copy of such Plan, Multiemployer Plan or Foreign Pension Plan.
The Borrowers undertake with each Creditor Party to use the Advance only for the purpose of (i) repayment of a bridge loan provided by ST Shipping to the Borrowers, and (ii) repayment of subordinated shareholder loans provided by ST Shipping and Bulk Partners to the Borrowers.
All financial and other information which is provided in writing by or on behalf of a Borrower or Bulk Partners under or in connection with any Finance Document shall be true and not misleading in any material respect and shall not omit any material fact or consideration.
Appendix A to this Manual gives examples of an indirect Pecuniary Interest in securities.
The Borrowers shall use the proceeds of the Advance solely for the purpose of (i) repayment of a bridge loan provided by ST Shipping to the Borrowers, and (ii) repayment of subordinated shareholder loans provided by ST Shipping and Bulk Partners to the Borrowers.
Neither of the Borrowers nor Bulk Partners maintains any Plan, Multiemployer Plan or Foreign Pension Plan.
From and after January 1, 2013, Bulk Partners shall maintain a Consolidated Debt Service Coverage Ratio of not less than 120% (on a rolling four quarter basis, tested as of the last day of each fiscal quarter).