NRIPL definition
Examples of NRIPL in a sentence
Except in respect of the security assignment being given by NRIPL in respect of its rights under the existing insurance policy relating to the CAP Prepayment Facility, no loss payee or other annotation or endorsement shall be made on any insurance policy.
NRIPL (the “Cash Manager”) will operate the Jamalco Collection Account pursuant to the terms of the MSA and the Cash Management Agreement.
Either Party may terminate this Agreement without cause upon giving 30 days prior written notice thereof to the other Party.
NRIPL has entered into, and enters into from time to time, sales contracts in respect of the sale of alumina cargoes sourced by it from the Jamalco Refinery with third party purchasers (the “NRIPL On-Sale Agreements”).
NRL and NRIPL will also be party to the Cash Management Agreement for as long as they are Legal Title Holders.
The full beneficial right and interest in the gross proceeds to be received by NRIPL under the Plantations Sale Agreement (the “Noble Plantations Receivables”), subject to Permitted Netting, will be transferred to Asset Co on a contractual basis by means of the NPRA.
Through the Offtake Agreements NRIPL offtakes 100% of the alumina 234 production of the Jamalco Refinery.
Pursuant to the terms of the GRTA, GAJ will also undertake to direct NRIPL to pay all amounts owing to it under the GAJ Offtake Agreement to the Jamalco Collection Account.
Co and netting arrangements Pursuant to the terms of the GRTA, each of NRIPL and NRL will be required to deposit an amount equal to the Noble Rights Receivables (net of any permitted deductions described in “Jamalco Collection Account” below) into the Jamalco Collection Account on the date on which such entity receives those Noble Rights Receivables (the “GRTA Payment Obligations”).
NRIPL (to the extent that it is owed any Trading Co Liabilities) or the Majority Credit Facility Creditors will be the Instructing Group if no other party entitled to issue enforcement instructions has done so for a period of 179 days following a non-payment or insolvency event of default under any Debt Document.