CEREDO PROJECT Sample Clauses

CEREDO PROJECT. The failure of Twelvepole to achieve Commercial Operation with respect to Ceredo on or before July 1, 2001 (unless there shall have occurred a Closing Failure and the Administrative Agent shall have applied the amounts on deposit in the Equity Proceeds Account to the prepayment of the Loans and otherwise as provided in Section 5.3(b) of the Deposit Account Agreement); then, and in any such event, and at any time thereafter, if any Event of Default shall then be continuing, the Administrative Agent may, and upon the written, telecopied or telex request of the Required Lenders, shall, by written notice to the Credit Parties (a "REMEDY NOTICE"), take any or all of the following actions, without prejudice to the rights of the Administrative Agent, any Secured Party or the holder of any Note to enforce its claims against the Borrower: (i) declare the Commitments terminated, whereupon the Commitments of each Lender shall terminate immediately and any accrued but unpaid Commitment Fee shall forthwith become due and payable without any action of any kind; or (ii) declare the principal of and any accrued interest on the Loans, and all other Obligations, to be, whereupon the same shall become, forthwith due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived; provided that, if any Event of Default specified in Section 7.07 shall occur, the result which would occur upon the giving of a Remedy Notice by the Administrative Agent, as specified in clauses (i) and (ii) above, shall occur automatically without the giving of any such Notice. Except as expressly provided in the immediately preceding sentence, neither the Administrative Agent nor any Secured Party shall otherwise be precluded from pursuing any other right or remedy then available to them against the Borrower or any Credit Party pursuant to the Financing Documents. Upon the exercise of any of the foregoing remedies, any excess remaining after payments to each Secured Party of any and all amounts sufficient to compensate such Secured Party for all amounts owing and all costs incurred under any Financing Document, shall be remitted by the Administrative Agent to the Borrower.
Sample 1
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Related to CEREDO PROJECT

  • Project The Land and all improvements thereon, including the Building, the Parking Facilities, and all Common Areas.

  • Development of the Project The Board of Managers shall take such actions as shall be required to cause either the Company or the Management Company (as defined in Section 9(b) below) to perform and complete the construction and other development work as contemplated and/or required under the NVR Purchase and Sale Agreements, or any other construction company selected by the Board of Managers (the “Development Work”), substantially in accordance with the Project Plan, at a cost to the Company not exceeding the total cost set forth in the Budget, in a manner consistent with this Agreement and all applicable laws, ordinances, rules, regulations or requirements (including, without limitation, those with respect to discrimination) of governmental authorities, and in compliance with any covenants, conditions or restrictions affecting all or any portion of the Property.

  • The Project The Project is the total construction of which the Work performed under the Contract Documents may be the whole or a part and which may include construction by the Owner or by separate contractors.

  • Project Completion Within five (5) days after the delivery by Supplier to Purchaser of a Commissioning Certificate for the Project’s final Turbine, Supplier shall also deliver to Purchaser a completion certificate for all Turbines in the Project (the “Project Completion Certificate”), in the form attached hereto as Exhibit N, together with a list of any remaining Punch List Work on any Turbine, a schedule for completing the Punch List Work and an estimate of the cost of each item of Punch List Work. Supplier shall thereafter promptly complete all Punch List Work.

  • Information Systems Acquisition Development and Maintenance a. Client Data – Client Data will only be used by State Street for the purposes specified in this Agreement.

  • Projects 3.3.1 Exult Supplier shall perform the impact analysis as described in Section 4.

  • Completion of the Project (a) The completion of the Project shall be evidenced to the Trustee by a certificate signed by the Project Supervisor on behalf of the User stating that (1) construction of the Improvements has been completed in accordance with the plans and specifications approved by the User, (2) the Equipment has been acquired and installed in accordance with the User's instructions, (3) all Project Costs have been paid, and (4) all facilities and improvements necessary in connection with the Project have been acquired and installed and all costs and expenses incurred in connection therewith have been paid. Notwithstanding the foregoing, such certificate shall state that it is given without prejudice to any rights against any vendor, contractor, subcontractor or other person not a party to this Lease Agreement which exist at the date of such certificate or which may subsequently come into being. The Issuer and the User will cooperate in causing such certificate to be furnished to the Trustee.

  • Construction Budget Administrative Agent shall have received each of the Construction Budget in form and substance reasonably satisfactory to Administrative Agent (in consultation with the Independent Engineer).

  • Project Costs The Project costs are true and accurate estimates of the costs necessary to complete the Improvements in a good and workmanlike manner according to the Plans and Specifications presented by Borrower to Lender, and Borrower shall take all steps necessary to prevent the actual cost of the Improvements from exceeding the Project costs.

  • Premises Building Project and Common Areas 1.1 Premises, Building, Project and Common Areas.

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