Intermediate Entities definition

Intermediate Entities. As defined in Section 2.11(c).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Intermediate Entities means the Upper-Tier Intermediate Entities and the Lower-Tier Intermediate Entities.

Intermediate Entities mean any intermediate entities through which any Series directly or indirectly acquires, holds, provides financing with respect to, or disposes of any one or more Infrastructure Asset(s) or investments.

Examples of Intermediate Entities in a sentence

Neither Super ▇▇▇▇▇ Borrower shall, and neither Super ▇▇▇▇▇ Borrower shall permit an Upper-Tier Intermediate Entity to, vote its voting interests in any JVCo or their respective Lower-Tier Intermediate Entities in any manner that would allow for such JVCo or any such Lower-Tier Intermediate Entity to (i) incur any Indebtedness (including to the extent constituting credit support obligations) other than Permitted Indebtedness or (ii) create or incur any Liens on its properties other than Permitted Liens.
The FinCo Borrowers shall not, and shall not permit any Upper-Tier Intermediate Entities to, engage in any business or activities other than (a) the direct or indirect ownership of the Intermediate Entities and the Subject Liquefaction Owners and any business activities reasonably related thereto, (b) through such ownership of the Intermediate Entities and the Subject Liquefaction Owners, the Permitted Business, and (c) any other transactions contemplated by the FinCo Financing Documents.
A Bankruptcy shall occur with respect to any of the FinCo Borrowers, the Intermediate Entities, the Subject Liquefaction Owners, or the RG Facility Entities.
The FinCo Borrowers have not, and are not engaged in, any business other than, (a) the direct or indirect ownership of the Intermediate Entities and the Subject Liquefaction Owners and any business activities reasonably related to such ownership, (b) through such ownership of the Intermediate Entities and the Subject Liquefaction Owners, the Permitted Business, and (c) any other transactions contemplated by the FinCo Financing Documents.
Neither Super ▇▇▇▇▇ Borrower shall, and neither Super ▇▇▇▇▇ Borrower shall permit an Upper-Tier Intermediate Entity to, vote its voting interests in any JVCo or their respective Lower-Tier Intermediate Entities in any manner that would allow for any Liquefaction Owner or other RG Entity to enter into any agreement or binding obligation with respect to, or otherwise committing to do, any of the foregoing matters.

More Definitions of Intermediate Entities

Intermediate Entities shall have the meaning specified in paragraph 2.10(c).

Intermediate Entities. Any Subsidiary of Guarantor, other than Pledgor, that is also a direct or indirect owner of any Equity Interest in Seller.

Intermediate Entities means those entities listed in Schedule D.

Intermediate Entities means each direct or indirect Subsidiary of Borrower that directly or indirectly owns or manages a Project Owner.

Intermediate Entities means, where the context requires, all Intermediate Entities, collectively. For the avoidance of doubt, there are no Intermediate Entities as of the Closing Date.

Intermediate Entities means Heritage ETC, L.P., which is a Delaware limited partnership, a wholly owned subsidiary of Master Partnership and the owner of all of the limited partnership interests in Borrower, and Heritage ETC GP, L.L.C., which is a Delaware limited liability company, a wholly owned subsidiary of Master Partnership and the owner of all of the general partnership interests in Heritage ETC, L.P.

Intermediate Entities. Any Subsidiary of Guarantor, other than Pledgor, that is also a direct or indirect owner of any Equity Interest in Seller. “Internal Control Event”: Fraud that involves management or other employees who have a significant role in, the internal controls of Seller, Sponsor, any Intermediate Entity, Pledgor or Guarantor or any Affiliate of Seller, Sponsor, any Intermediate Entity, Pledgor or Guarantor over financial reporting. “Investment”: With respect to any Person, any acquisition or investment (whether or not of a controlling interest) by such Person, whether by means of (a) the purchase or other acquisition of any Equity Interest in another Person, (b) a loan, advance or extension of credit to, capital contribution to, guaranty or credit enhancement of Indebtedness of, or purchase or other acquisition of any Indebtedness of, another Person, including any partnership or joint venture interest in such other Person, or (c) the purchase or other acquisition (in one transaction or a series of transactions) of assets of another Person that constitute the business or a division or operating unit of another Person. Any binding commitment or option to make an Investment in any other Person shall constitute an Investment. Except as expressly provided otherwise, for purposes of determining compliance with any covenant contained in this Agreement, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment. “Investment Company Act”: The Investment Company Act of 1940, as amended, restated or modified from time to time, including all rules and regulations promulgated thereunder. “Investor”: Any Person that is admitted to either Seller or Guarantor as a member in accordance with the applicable operating agreement or limited liability company agreement, as applicable, of Seller or Guarantor, respectively. “Irrevocable Redirection Notice”: A notice in a form acceptable to Buyer, to be signed by the Underlying Obligor (if applicable) and Seller, or by Servicer on Seller’s behalf, with respect to each Purchased Asset, directing the remittance of all Income with respect to a Purchased Asset to an account designated by Buyer. “ISDA Definitions”: The 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives ...