Examples of Unencumbered Eligible Project in a sentence
The Borrower may request in writing that the Administrative Agent release a Guarantor, other than the Company, if (i) upon its release as a Guarantor, such entity will no longer own an Unencumbered Eligible Project and (ii) no Event of Default shall then be in existence or would occur as a result of such release.
The outlines of the document were discussed by the Executive Committee in September 2018 and presented to the Council during the meeting in October 2018, where the task force groups for each mission were formed.
If the occupancy level of an individual project falls below 75%, a capitalization rate of 10% will be used to determine the value of the individual Unencumbered Eligible Project.
Save for its shareholding in Xiezhong International, CUAS has no other investments and is not engaged in any business activities.