Calls in Connection with Expansion Sample Clauses

Calls in Connection with Expansion. Notwithstanding anything else in this Article 7, Hebei Limited Partner may elect, but shall not be required, to make any Capital Contributions in connection with Calls for Contribution for capital expenditures in respect of the expansion of the production capacity of the Kami Project by a minimum of 4 million MT of iron ore concentrate per annum above 8 million MT of iron ore concentrate provided that, if Hebei Limited Partner elects not to make such Capital Contributions, its Proportionate Interest shall be diluted in accordance with Section 8.3(b). Notwithstanding the foregoing, during the period following dilution of Hebei Limited Partner’s Interest as set out above and prior to Expanded Commercial Production, for the purpose of distributions to Partners as set out in Article 13, Hebei Limited Partner’s Proportionate Interest shall be deemed to be its Proportionate Interest immediately prior to dilution in respect of distributions of income attributed to the sale of iron ore concentrate in any Fiscal Year up to a maximum of 8 million MT per Fiscal Year. Any remaining income of the Partnership during that period shall be distributed in accordance with Hebei Limited Partner’s diluted Proportionate Interest provided that Hebei Limited Partner’s deemed Proportionate Interest may be reduced during such period for actual dilution that occurs other than because of Hebei Limited Partner’s election not to contribute to the expansion of the Kami Project by a minimum of 4 million MT of iron ore production capacity greater than 8 million MT per annum. If the General Partner arranges for Additional Project Financing to fund all capital expenditures required to complete the expansion of the Kami Project to increase production capacity above 8 million MT per annum by a minimum of 4 million MT of iron ore production capacity per annum, Hebei Limited Partnership’s Proportionate Interest shall not be diluted provided that it makes Capital Contributions pursuant to Calls for Contribution as required to fund the cost and servicing of any such Additional Project Financing. Legal*7421044.1
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Related to Calls in Connection with Expansion

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  • CERTIFICATION REGARDING CERTAIN FOREIGN-OWNED COMPANIES IN CONNECTION WITH CRITICAL INFRASTRUCTURE (Texas law as of September 1, 2021) By submitting a proposal to this Solicitation, you certify that you agree to the following required by Texas law as of September 1, 2021: Proposing Company is prohibited from entering into a contract or other agreement relating to critical infrastructure that would grant to the company direct or remote access to or control of critical infrastructure in this state, excluding access specifically allowed by the Proposing Company for product warranty and support purposes. Company, certifies that neither it nor its parent company nor any affiliate of company or its parent company, is (1) owned by or the majority of stock or other ownership interest of the company is held or controlled by individuals who are citizens of China, Iran, North Korea, Russia, or a designated country; (2) a company or other entity, including governmental entity, that is owned or controlled by citizens of or is directly controlled by the government of China, Iran, North Korea, Russia, or a designated country; or (3) headquartered in China, Iran, North Korea, Russia, or a designated country. For purposes of this contract, “critical infrastructure” means “a communication infrastructure system, cybersecurity system, electric grid, hazardous waste treatment system, or water treatment facility.” See Tex. Gov’t Code § 2274.0101(2) of SB 1226 (87th leg.). The company verifies and certifies that company will not grant direct or remote access to or control of critical infrastructure, except for product warranty and support purposes, to prohibited individuals, companies, or entities, including governmental entities, owned, controlled, or headquartered in China, Iran, North Korea, Russia, or a designated country, as determined by the Governor.

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  • Upon completion of the Project the Recipient shall make a full and complete accounting to the OPWC of the Eligible Project Cost.

  • Purpose of Interconnection Facilities Except as may be required by Applicable Laws and Regulations, or as otherwise agreed to among the Parties, the Interconnection Facilities shall be constructed for the sole purpose of interconnecting the Large Generating Facility to the Participating TO’s Transmission System and shall be used for no other purpose.

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