Raft River Project Company definition

Raft River Project Company means Raft River Energy I LLC, a Delaware limited liability company.

Examples of Raft River Project Company in a sentence

• The Issuer agrees that, and confirms that it has instructed the managers of USG Oregon Holdings and the Raft River Project Company that, all Project Company Distributions are to be made directly to the Depositary for deposit into the Revenue Account.

• The Raft River Project Company has no Indebtedness for borrowed money.

• In consideration of the Purchasers’ purchase of the Notes, the Issuer agrees that, if the Sponsors obtain direct or indirect ownership of all of the remaining membership interests in the Raft River Project Company, the Issuer shall take all actions necessary to create a first priority security interest in favor of the Collateral Agent, for the benefit of the Secured Parties, in all such remaining membership interests and all of the assets of the Raft River Project Company to secure the Obligations.

• The Pledgor owns 60% of the outstanding limited liability company interests of USG Oregon Holdings (the “USG Oregon Holdings Interests”) and 95% of the outstanding limited liability company interests of the Raft River Project Company (the “Raft River Interests”).

• The Issuer shall take reasonable action, including, without limitation, making capital contributions as necessary, to ensure that it legally and beneficially owns and controls, indirectly and directly, at least (a) 60% of the outstanding membership or other equity interests of USG Oregon Holdings (measured by both economic interest and voting power) and (b) 95% of the outstanding membership or other equity interests of the Raft River Project Company (measured by both economic interest and voting power).

• The Issuer will not vote as a member of USG Oregon Holdings or the Raft River Project Company on any matter if the outcome of such vote could result in a violation of a provision of any Financing Document, Federal Financing Bank Loan Document or Material Project Document.

• The Issuer agrees further that all other amounts received by it from any source shall be deposited promptly into the Revenue Account, except for Capital Contributions, which the Issuer shall promptly contribute to USG Oregon Holdings or the Raft River Project Company, as applicable, to be applied to the stated purpose of the applicable Capital Call.

• Notwithstanding the foregoing, the Issuer may make capital contributions to USG Oregon Holdings and the Raft River Project Company to the extent necessary to fulfill its obligations under Section 9.18 hereto.

• The Raft River Project Company has obtained firm transmission rights for all energy to be delivered pursuant to the Raft River PPA.