Project Specific JVs definition
Examples of Project Specific JVs in a sentence
Within one (1) Business Day of receipt by any Loan Party or any of its Subsidiaries (other than Project Specific JVs) of proceeds from any Indebtedness other than Permitted Indebtedness, the Borrower shall prepay the Loans in an aggregate amount equal to 100% of the Net Cash Proceeds of such Indebtedness received by the Loan Parties or any of its Subsidiaries (except that with respect to any Affiliated Entities, only to the extent of the Net Cash Proceeds received by the Loan Parties).
The Loan Parties and their Subsidiaries (other than Affiliated Entities and Project Specific JVs) shall not create, incur, assume or suffer to exist (i) any Indebtedness, other than Permitted Indebtedness nor (ii) any obligations for or on behalf of any of their respective non-wholly-owned or non-controlling Subsidiaries (including, for the avoidance of doubt, joint ventures (other than Project Specific JVs), pursuant to which the holder of such obligations has recourse against any Loan Parties.
No Loan Party shall permit (i) the fiscal year of such Loan Party or any of its Subsidiaries (other than Affiliated Entities and Project Specific JVs) to end on a day other than December 31 or change the method of determining fiscal quarters or (ii) a change in the accounting policies or methods of such Loan Party or any of its Subsidiaries (other than Affiliated Entities and Project Specific JVs), except in accordance with GAAP.
No Loan Party or ERISA Affiliate shall cause or, to the extent within the control of the Loan Parties with respect to Affiliated Entities and Project Specific JVs, permit to exist any ERISA Event.