Examples of Hold Co in a sentence
The taxation provisions have been drafted on the premise that Hold Co and Project Co are tax resident in the United Kingdom.
To the extent any member of the Trading Hold Co Group grants General Security over its intercompany receivables from other members of the Trading Hold Co Group, or the immediate parent of Trading Hold Co grants Trading Hold Co Security over its intercompany receivables from Trading Hold Co, it shall be free to deal with those receivables in the course of its operations and business until an Acceleration Event has occurred but subject always to the terms of the Debt Documents.
The security set out below has been prepared on the assumption that the corporate structure for Trading Hold Co is as set out in Schedule 2 (Assumed Trading Hold Co / Trading Co Structure) below - this remains subject to confirmation from the Company and its advisors.
The nature of the Transaction Security to be granted, and the assets which will be subject to it, are as set out paragraph 3 (Types of Assets - Borrower Cash Collateral), paragraph 4 (Types of Assets - General Security and Trading Hold Co Security) and paragraph 5 (Types of Assets - Trade-Specific Security).
Where appropriate, defined terms in the Security Documents should mirror those in the Original NTFF Agreement, the Original ITFF Agreement, the Trading Co Bond Trust Deed, the Trading Hold Co Bond Trust Deed or the Intercreditor Agreement (as applicable).
If required under local law, General Security or Trading Hold Co Security over such intercompany receivables will be registered subject to the general principles set out in these Security Principles.
To the extent any member of the Trading Hold Co Group grants General Security or Trading Hold Co Security over its fixed assets it shall be free to deal with those assets in the course of its operations and business and in compliance with the Debt Documents until an Acceleration Event has occurred.
Trading Co shall not directly or indirectly (i) purchase any New Trading Hold Co Bonds, or (ii) lend or otherwise advance or distribute to Trading Hold Co, any amounts (including for the purpose of paying regularly scheduled interest or capitalised interest) until the date (the "Relevant Date") on which Trading Co has redeemed USD110,000,000 in aggregate principal amount of the New Trading Co Bonds by way of optional or mandatory redemption.
Any General Security or Trading Hold Co Security over fixed assets will be granted subject to any warehouse or other lien arising by operation of law or by the standard terms of business of the storage or other facility where the relevant assets are located.
The guarantees and Transaction Security to be provided pursuant to the Debt Documents will be given in accordance with these Security Principles and embody a recognition by all parties that there may be certain legal and practical difficulties in obtaining guarantees and/or Security from Trading Hold Co or members of the Trading Hold Co Group in every jurisdiction in which they are incorporated or resident.