Examples of NGP I in a sentence
Upon the occurrence of a Partial Acceleration Event, a portion of this Option (the “Tag Percentage”) equal to the Applicable Percentage multiplied by the percentage of equity interests in Issuer or NGP I transferred shall accelerate and this Option shall be deemed to be automatically exercised for the Tag Percentage.
Issuer shall also give the Option Holder written notice (a “Partial Acceleration Notice”) if Parent or any of its Affiliates Transfers any equity interests in Issuer or NGP I to any non-affiliated third party, other than a sale of Permitted Tax Equity (a “Partial Acceleration Event”) specifying the equity interests transferred.
For purposes hereof “Transfer” means any direct or indirect sale or other transfer of equity interests in Issuer or NGP I, provided that any sale or transfer of any equity interests in any upstream Affiliate of Issuer that is publicly traded shall not constitute a Transfer under this Option.
The financing provided by TCW is secured by a pledge of all the equity interests of both NGP Blue Mountain Holdco LLC (“Holdco”) and NGP I, and over substantially all the assets of NGP I.
Issuer shall not cause or permit NGP I to enter into or engage in any business other than the ownership, development, construction, operation and maintenance of the Project in accordance with the Transaction Documents.
NGP I must increase power production to enable Holdco to reduce the EIG loan balance which is necessary to continue to meet cash payment obligations and to meet the covenanted interest coverage ratio.
NGP I has a valid leasehold interest under the NLRC Lease, the RLF Lease and the BSNF Lease in all of the geothermal resources required for the construction and operation of the Project in accordance with the Transaction Documents.
The total defined contribution cost for GRU for the years ended September 30, 2008 and 2007, was $108,900 and $101,600, respectively.
Issuer shall not, and shall not cause or permit any Issuer Party (other than NGP I) to, engage in any business other than consummation of the transactions contemplated by the Transaction Documents and, in the case of Issuer, ownership of the Equity Interests of the other Issuer Parties.
NGP I is lawfully possessed of a valid fee simple interest in the portion of the Site held in fee, a valid and subsisting license or leasehold estate in and to its Site (including any portion thereof held under leases that grant NGP I rights in geothermal resources) and valid and subsisting grants for a term in any easements or rights of way needed for the operation of the Project.