Permitted JV definition

Permitted JV means a Person that is (a) not a wholly-owned Subsidiary of the Borrower and (b) a type of business (or assets used in a type of business) permitted to be engaged in by the Credit Parties and their Subsidiaries pursuant to Section 6.3.

Permitted JV has the meaning specified in Section 7.02(o).

Permitted JV means Xxxxxx Gulf of Mexico, LLC, a Delaware limited liability company.

Examples of Permitted JV in a sentence

• The Credit Parties will not, nor will they permit any Subsidiary (other than a Subsidiary that is a Permitted JV) to, contract, create, incur, assume or permit to exist any Lien with respect to any of their respective property or assets of any kind (whether real or personal, tangible or intangible), whether now owned or hereafter acquired, except for Permitted Liens.

• The Credit Parties will not, nor will they permit any Subsidiary (other than a Subsidiary that is a Permitted JV) to, make any Investment or contract to make any Investment except for Permitted Investments.

• The Credit Parties will not, nor will they permit any Subsidiary (other than Indebtedness incurred pursuant to Section 6.1(i) by a Subsidiary that is a Permitted JV) to, without the prior written consent of the Required Lenders, amend, modify, waive or extend or permit the amendment, modification, waiver or extension of any term of any document governing or relating to any Subordinated Debt in a manner that is materially adverse to the interests of the Lenders.

• Additionally, the Borrower and its Restricted Subsidiaries will not Dispose of any Spectrum except (a) pursuant to a Permitted JV Transfer or a Permitted Spectrum Swap, or (b) in a Sale and Leaseback Transaction or in a Disposition to a third party that is not an Affiliate of the Borrower, in each case, to the extent that, immediately after giving effect thereto on a pro forma basis, the Spectrum Disposition Requirements are satisfied with respect thereto.

• All of the outstanding shares or other Equity Interests of each such Subsidiary owned by the Company or any other Subsidiary are validly issued and outstanding and, to the extent applicable, fully paid and not assessable, and all such shares or other Equity Interests are owned, beneficially and of record, free and clear of all Liens other than restrictions on transfer imposed by applicable law (or, in respect of the Permitted JV, pursuant to the Permitted JV LLC Agreement).

More Definitions of Permitted JV

Permitted JV means a potential business venture to sell products produced in a cut-to-length with in-line temper mill and slitter to process steel coil, to be constructed in the State of Mississippi, which potential business venture will be formed or conducted at any time by the Restricted Person, directly, or indirectly, together with a third party steel business operator previously disclosed to Symmetry.

Permitted JV means Xxxxx LLC and Farmland JV.

Permitted JV means an Investment by Borrower or any Wholly-Owned Subsidiary of Borrower, in any Person engaged in the aeronautics industry in China; provided that any Indebtedness of such Permitted JV shall be Non-Recourse Debt.

Permitted JV means any Subsidiary as to which all of the Equity Interests are owned by Borrower other than up to 49% thereof owned by joint venture partners of Borrower for the purpose of opening Restaurants in specific locations where use of a joint venture is advisable. For the avoidance of doubt, the term Permitted J/V shall include any Subsidiary that has been in existence for less than 18 months for the foregoing purpose but for which such a joint venture has not yet been entered into or with respect to which a Restaurant opening has not yet occurred.

Permitted JV means a joint venture (i) engaged solely in the same type of business as the Borrowers, (ii) that conducts its business in and in proximity to Mexico, China or West Africa, (iii) all of the Equity Interests in which that are owned indirectly by the Company are owned directly by a JV Holdco and directly or indirectly by one or more Credit Parties, (iv) that is formed, and continues to be governed, solely by a Qualified JV Agreement, (v) the contributions to which by any Group Member are limited to Permitted JV Investments or Permitted JV Sales and (vi) that has obtained and is maintaining all necessary Governmental Authority and third party consents, authorizations and approvals, and has made all filings and given all notices, in order to conduct business as proposed to be conducted.

Permitted JV. “Restricted Payment” and “Unrestricted Subsidiary” contained in Section 1.02 of the Credit Agreement are hereby amended and restated in their entirety to read in full as follows:

Permitted JV means Strike Force Midstream LLC, a Delaware limited liability company. For the purposes of this Agreement, the formation of the Permitted JV shall be deemed to have occurred when Gulfport Energy Corp. or a subsidiary thereof acquired 25% of the Equity Interests in such entity, with the Borrower or other Credit Parties owning the remaining 75% of such Equity Interests.