Drop Down definition

Drop Down means any of the Citrus Drop Down, the SUGS Drop Down/Transfer or any Other Drop Down/Transfer.

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Drop Down has the meaning set forth in the recitals to this Agreement.

Drop Down means the contribution of the assets and liabilities constituting the portion of the Business directly operated by Olivetti as well as the contribution of the equity participation in certain Subsidiaries made by Olivetti to Olsy (effective as of January 1, 1997) by the deed of contribution dated December 23, 1996 n. 38,550 (Rep n. 14,772 Notary Public Soudaz of Ivrea) as supplemented by the supplementary expertise dated June 16, 1997 approved at Olsy's Board of Directors Meeting held on June 30, 1997 and subsequent Olsy Shareholders' Meeting held on September 2, 1997 (Rep. n. 15,123 Notary Public Soudaz of Ivrea).

Examples of Drop Down in a sentence

• Select Yes or No from Drop Down Menu: Click or tap to enter a date.

• At any time after January 1, 2016, in connection with the consummation of a Drop Down Event (as defined below) the Partnership may exercise the right (the “Series A-2 Call Right”), but shall have no obligation, to require the holder or holders of the Series A-2 Convertible Preferred Units (the “Series A-2 Holders”) to sell, assign and transfer all or a portion of the then outstanding Series A-2 Convertible Preferred Units to the Partnership in accordance with this Section 5.12(c).

• The Administrative Agent shall have received evidence, in form and substance satisfactory to the Administrative Agent, of (i) the consummation of the IPO in accordance with the Prospectus and (ii) the consummation of the Wyeville Drop Down in accordance with the Wyeville Drop Down Documents.

• The Administrative Agent shall have received a certificate in form acceptable to the Administrative Agent and executed by the chief executive officer or chief financial officer of the Borrower and reflecting run-rate EBITDA for the Borrower and its consolidated Subsidiaries, after giving effect to the IPO and the Wyeville Drop Down, calculated based on annualized EBITDA for the fiscal quarter ending June 30, 2012, of no less than $45,000,000.

• The Administrative Agent shall have received true and correct copies of (i) the Initial Financial Statements, (ii) the Pro Forma Financial Statements and (iii) the projections prepared by management of balance sheets, income statements and cashflow statements of the Borrower and its Subsidiaries, after giving effect to the IPO and the Wyeville Drop Down, covering the first four full years after the Effective Date.

More Definitions of Drop Down

Drop Down means the potential acquisition by ▇▇▇▇ of 100% of the shares in one or both Borrowers.

Drop Down means the transactions contemplated by Section 2.3.

Drop Down means the transactions whereby the Borrower will acquire, directly or through one or more of its wholly owned domestic subsidiaries, 100% of the equity interest of Sunoco Retail, LLC, a Pennsylvania limited liability company and 68.42% of the equity interest in Sunoco LLC.

Drop Down has the meaning ascribed in the Preamble.

Drop Down means that certain acquisition by the Partnership of additional equity interests in Zydeco and Colonial pursuant to the Drop-down Agreement.

Drop Down means the listing of all of the Premier Providers' search services with only one Premier Provider visible (without end-user interaction with the Drop Down) to the end-user at any one time from which an end-user can initiate a User Placement. The Drop Down may include a particular Other Search Service Provider solely as a result of a Default Placement.

Drop Down has the meaning set forth in the Recitals;