Project Subsidiaries definition

Project Subsidiaries. Means any Subsidiary of the Issuer: (i) whose sole purpose is to develop new real estate projects to be disposed shortly after completion; and (ii) which has incurred financial indebtedness extended by any lender which is not a member of the Group.

Project Subsidiaries means (i) Subsidiaries of NJR Midstream Holdings Corporation, a New Jersey corporation, and NJR Clean Energy Ventures Corporation, a New Jersey corporation, existing as of the Effective Date, (ii) midstream asset project Subsidiaries of the Borrower hereafter created or acquired engaged in the solar and wind power generation business, and (iii) midstream asset project Subsidiaries of NJR Midstream Holdings Corporation and NJR Clean Energy Ventures Corporation, and their respective Subsidiaries, hereafter created or acquired.

Project Subsidiaries means all present and future Subsidiaries of the Borrower which from time to time hold any assets forming part of the Project, including without limitation the Guarantors and their respective Subsidiaries;

Examples of Project Subsidiaries in a sentence

• Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries (other than Project Subsidiaries) to, at any time create, incur, assume or suffer to exist any Lien on any of its property or assets, tangible or intangible, now owned or hereafter acquired, or agree or become liable to do so, except Permitted Liens and extensions or renewals of Permitted Liens; provided in each case that the Indebtedness secured thereby is not restricted under Section 8.2.1 [Indebtedness].

• The Borrower shall not, and shall not permit any Unregulated Subsidiary (other than Project Subsidiaries) of the Borrower to, change its fiscal year from the twelve-month period beginning October 1 and ending September 30 without the prior consent of the Administrative Agent, such consent not to be unreasonably withheld or delayed.

• The Borrower shall not, and shall not permit any Unregulated Subsidiary (other than Project Subsidiaries) of the Borrower to, change its fiscal year from the twelve-month period beginning October 1 and ending September 30 without the prior consent of the Agent, such consent not to be unreasonably withheld or delayed.

• During any period when the Suspended Covenants are suspended, neither the Board of Directors of the Company nor Senior Management may designate any of the Company’s Subsidiaries as Unrestricted Subsidiaries or Excluded Project Subsidiaries.

• The Prepay and Stream Loans are secured by way of a first ranking charge over the Project Subsidiaries’ assets, pledges of the shares of the Project Subsidiaries and guarantees of the Company and the Project Subsidiaries.

More Definitions of Project Subsidiaries

Project Subsidiaries means the DBSI related entities created in connection with the acquisition, ownership, management, leasing or sale of particular real estate projects or used in connection with a bond or note investment projects.

Project Subsidiaries means any Subsidiaries of the Borrower that have any direct or indirect interest in another Project Subsidiary or the Project Property, and at the date hereof includes Xxxxxx Copper Holdings Inc. and, Xxxxxx Exploration Ecuador S.A.

Project Subsidiaries shall have the meaning set forth in the recitals hereto.

Project Subsidiaries means Charger Minerals Singapore Pte Ltd, IronRidge Resources Singapore Pte Ltd and Moda Minerals Singapore Pte Ltd.

Project Subsidiaries and “Project Subsidiary” shall have the meaning set forth in Section 2.6.

Project Subsidiaries means the present Subsidiaries of NJR Midstream Holdings Corporation, a New Jersey corporation, NJR Clean Energy Ventures Corporation, a New Jersey corporation, and any other future asset project Subsidiaries of the Borrower or of NJR Xxxxxxxxx Xxxxxxxx Xxxxxxxxxxx, XXX Clean Energy Ventures Corporation and their respective Subsidiaries; provided, however, that any Subsidiary of NJR Clean Energy Ventures Corporation which has guaranteed the NJR Revolving Credit Agreement shall not constitute a Project Subsidiary so long as such guarantee remains in effect.

Project Subsidiaries is hereby added to Section 1.1 of the Original Agreement immediately following the definition of "Prohibited Lien":