G3 Lands Mortgage Document means (i)
(ii)
and (iii) any other mortgage, charge, security agreement, note or other credit or security document entered into in replacement of or by way of amendment, supplement or modification of (i) or (ii)
G3 JV Partner means a person that is not affiliated with the Borrower and is brought
into the G3 Project as a joint owner by the acquisition of membership interests in the capital of the G3 Owner, whether by the acquisition of membership interests presently held by Methanex Fortier or the issue of membership interests by the G3
Owner.
G3 Pledge means a pledge by Methanex Fortier to the Agent Bank of all of the membership
interests of the G3 Owner held by Methanex Fortier represented by one or more certificates together with powers of attorney (endorsed in blank), approvals of directors, holders of membership interest or others as required for the pledge of such
membership interests, and other supporting documents as the Agent Bank shall reasonably request.
G3
Security means, collectively, the G3 Charge, the G3 Pledge and the G3 Assignment of Member Debt.
Ground Lease means that certain Ground Lease Agreement, dated as of July 24, 2019, between Waterloo
and the G3 Owner, together with all amendments, modifications and supplements thereto or renewals or replacements thereof.
Methanex Fortier means Methanex Fortier Inc.
Medicine Hat Limit means, at any time, an amount equal to 10% of Consolidated Net Worth (as such term is
defined in, and determined at such time in accordance with, the 1995 US Note Indenture).
Mortgaged
Property means, at any time, any property located in the United States of America that is or is intended to be subject to any Lien in favor of the Agent Bank for the benefit of the Lenders, including the Property under
and as defined in the G3 Charge.
2020 Consent & Waiver means the consent and
waiver dated on or about June 3, 2020 entitled 2020 Consent & Waiver provided by the Lenders to the Borrower under the 2019 ARCA.
2020 Waiver Period has the meaning set forth in the 2020 Consent & Waiver.
Section 2.3 Deletion of ICR Waiver Period.
The ability of the Borrower to make an ICR Waiver Period Election shall be deleted from the 2019 ARCA. The definitions of ICR Waiver Period,
ICR Waiver Period Conditions, ICR Waiver Period Effective Date and ICR Waiver Period Election, and schedules 14 and 17, shall be deleted from the 2019 ARCA and all provisions and references which are by their terms
|
|
|
|
|
|
|
-6-
|
|
Methanex 2020 First Amendment
|