Examples of HMLP Group in a sentence
Consideration, payment terms and basis of consideration Each relevant member of the HMLP Group is required to pay its share of all costs and expenses incurred by HOOL in the performance of its duties and responsibilities, including reasonable professional, legal, accounting and administrative costs and expenses.
Payment is to be made by GPCo (for itself or on behalf of the relevant member of the HMLP Group) within 30 days of receipt of the statement of expenses issued by HOOL on a monthly basis.
Subsidiary: means a company over which another company has Decisive Influence, provided, however, that no member of the HMLP Group shall be considered a Subsidiary of the Issuer.
The principal activities of the HMLP Group are oil pipelines, storage facilities and ancillary assets operations.
HMLP Group: means HMLP and all its Subsidiaries from time to time.
Total Interest-bearing Debt: means, on any date, the consolidated book value of the Issuer's total interest-bearing debt, less any interest-bearing debt of any Group Company, any JV Company or a member of the HMLP Group financed without any recourse to any (other) Group Company, calculated in accordance with GAAP.
JV Company: means any current and/or future company or partnership in which the Issuer (directly or indirectly) holds an ownership interest, incorporated or established for the purpose of owning, developing and/or constructing any maritime operating vessel or any other operation which is substantially within the business that the Group is conducting at the date of the Bond Agreement, and which is not a Subsidiary of the Issuer or a member of the HMLP Group.
For other costs and expenses under the Management and Operating Services Agreement, they are allocated to the relevant project or work of the HMLP Group.
Total Interest Bearing Debt: means, on any date, the consolidated book value of the Issuer's total interest-bearing debt, less any interest-bearing debt of any Group Company, any JV Company or a member of the HMLP Group financed without any recourse to any (other) Group Company, calculated in accordance with GAAP.
HMLP Group means HMLP and all its Subsidiaries from time to time.