Examples of Noble Entities in a sentence
Pursuant to the Noble Term Sheet, Noble has agreed to provide, among other things, credit support to Paragon with respect to certain bonding obligations imposed by Mexican Governmental Units in exchange for Paragon’s release of all claims and causes of action arising under, relating to, or in connection with the Spin-Off (as defined in the Noble Term Sheet) that the Paragon Entities may hold against the Noble Entities.
Make or permit to remain outstanding any advances or loans or extensions of credit to, or purchase or own any stock, bonds, notes, debentures or other securities of or investments in any Person, except (a) as solely of, between or among the Noble Entities, and (b) Permitted Investments.
All obligations to pay real property or other taxes, assessments, insurance premiums, and all other fees and charges arising from any Project Document or the ownership, operation or occupancy of the Projects and to perform all obligations under the Project Documents, the Real Property Documents and any other agreements and contracts relating to the Projects shall be the sole responsibility of the Noble Entities, as applicable.
The provisions of this Agreement are solely for the benefit of the Noble Entities and the Partnership Parties and their respective successors and permitted assigns and shall not confer upon any third party any remedy, claim, liability, reimbursement or other right.
No labor dispute with the employees of any of the Noble Entities that are working on behalf of any of the Partnership Entities pursuant to the Omnibus Agreement, Operational Services and Secondment Agreement or otherwise, exists or, to the knowledge of the Partnership, is imminent that would result in a Material Adverse Effect.
Reference is hereby made to the Mortgages and the other Collateral Documents for the provisions, among others, relating to the nature and extent of the security provided thereunder, the rights, duties and obligations of the Noble Entities and the rights of Administrative Agent, each other Agent and the Lenders with respect to such security.
Moreover, to the extent any claims against Noble are pursued and are, ultimately, unsuccessful, the resources expended in pursuit of those claims will no longer be available for other business purposes.In addition, should the Debtors reject the Master Separation Agreement and the Tax Sharing Agreement, the Noble Entities may assert a rejection damages claim, which may be substantial, in the Chapter 11 Cases.
In exchange, Noble will provide direct bonding, in the form of cash, a letter of credit, or any other assurance that satisfies any bonding or surety provider selected by the Noble Entities to issue the bond, to satisfy certain bonding requirements necessary to challenge assessments of applicable income and value-added taxes imposed by Mexican tax authorities relating to the Paragon Group’s business for tax years 2005 through and including 2010.
Borrower shall deliver opinions of counsel for the Noble Entities with respect to such Project’s Permits not previously covered under the opinions of counsel provided pursuant to Section 3.1(i)(viii), such opinions to be in form and substance, and by such counsel, as Administrative Agent shall reasonably approve.
Neither Administrative Agent nor the Lenders shall be in any way responsible or liable for the debts, losses, obligations or duties of the Noble Entities, the Equity Support Members or any other Person with respect to the Project Documents, the Projects or otherwise.