Examples of Qualified Equityholder in a sentence
Notwithstanding anything to the contrary in this Agreement or any other Loan Document, any sale, assignment, pledge, hypothecation or transfer of any equity interests in any Qualified Equityholder or any Person holding a direct or indirect interest therein shall be permitted and shall not be deemed a Default or an Event of Default under this Agreement.
Any transfer permitted hereunder that results in Borrower ceasing to be Controlled by a Person specified in clauses (i), (ii) or (iii) of the definition of Qualified Equityholder, and each subsequent transfer that again changes the identity of the Qualified Equityholder that Controls Borrower, shall be conditioned upon payment to Lender of a transfer fee in an amount equal to 1.0% of the Principal Indebtedness at the time of such transfer.
Prior to the completion of JG Summit Olefins Corporation (JGSOC)’s Naphtha Cracker Plant, JGSPC purchased olefinsfrom international sources though suppliers which include Japanese trading companies Marubeni and Mitsui & Co. Ltd.
If any Borrower Transfers or otherwise encumbers any portion of any Property or any interest therein, or any direct or indirect interest in a Borrower, Qualified Equityholder, or Sponsor is Transferred, in each instance, in violation of the provisions of this Agreement and not otherwise consented to by Lender.
The related loan documents permit the sale of the related properties subject to certain conditions, including among others: (A) transferee is a special purpose entity and a Qualified Equityholder, (B) lender's receipt of a nonconsolidation opinion; (C) transferee's assumption of the obligations of the related borrower; and (D) the related property continues to be managed by a Qualifying Manager (as defined in the related loan documents).