FR Holdings definition
Examples of FR Holdings in a sentence
The Capital Commitment, Unused Capital Commitments and Percentage Interest of each Investor is set forth on Schedule I attached hereto and shall be amended from time to time by FR Holdings (and provided to SunEdison) to reflect the Capital Commitment of any Additional Investor, as well as to reflect any changes to an Investor’s Capital Commitment, Percentage Interest or Unused Capital Commitment.
The Parties hereby acknowledge that from time to time and at any time on or after the Closing Date, FR Holdings may invite investors (the “Co-Investors”), other than the Fund and its Affiliates, to make a capital commitment to, or otherwise purchase an interest in, FR Holdings.
FR Holdings US is duly organized, validly existing and in good standing under the laws of the state of Delaware.
The Board shall initially consist of at least three persons, two of whom shall be designated by FR Holdings and one of whom shall be designated by SunEdison.
SunEdison and FR Holdings have caused the formation of SunEdison Reserve International, and SunEdison and FR Holdings US have caused the formation of SunEdison Reserve US, to serve as the initial vehicles through which the parties will provide long-term financing for the Projects placed on the Registry, including by purchasing or causing the purchase of the completed Projects, as contemplated by Article 3 hereof.
Other than as agreed by and between SunEdison and FR Holdings as of the date hereof, and provided that SunEdison Reserve International is using commercially reasonable efforts to obtain the requisite Project Debt Financing, and other than Banco Santander and its Affiliates, SunEdison will not separately contact any other potential financing sources with regard to the Rovigo Project without SunEdison Reserve International’s prior consent.
Xxxxxxxxx Facsimile: (000) 000-0000 Email: xxxxxxxxxxx@xxxxxxxxx.xxx If to FR Holdings: c/o First Reserve Corporation Xxx Xxxxxxxxx Xxxxx Xxxxxxxxx, XX 00000 Attention: Xxxx X.
The FR Holdings organizational documents shall be drafted to ensure this transfer prohibition is included.
The Investor Sale Notice shall also include an irrevocable offer to sell the Investor Interest to FR Holdings or its designated Affiliate at the applicable Investor Sale Price, and shall be and remain irrevocable for a period of fifteen (15) Business Days after the date the Investor Sale Notice is given to FR Holdings (the “ROFR Period”).
Once SunEdison has effected an announcement regarding the development of or plan to develop a Project, FR Holdings may elect to disclose or cause to be disclosed its ownership interest in articles about such Project.