PROJECT FINANCING SUBSIDIARY

PROJECT FINANCING SUBSIDIARY. Means any Subsidiary of Mesquite whose principal purpose is to incur Project Financing, or to become a partner, member or other equity participant in a partnership, limited liability company or other entity so created, and substantially all the assets of which Subsidiary, partnership, limited liability company or other entity are limited to those assets being financed (or to be financed) in whole or in part by a Project Financing.