Contribution of Projects Sample Clauses

Contribution of Projects. (a) SunEdison hereby agrees to contribute, or cause to be contributed, to GLBL or its designated subsidiaries each of the renewable energy projects identified in Schedule I hereto (each, a “Project”) by not later than December 31, 2015. In the event that SunEdison fails to contribute any such Projects by December 31, 2015 for any reason, including without limitation, failure of any such Project or Projects to achieve COD, or failure to receive all governmental, regulatory, third party and other consents and approvals required for the transfer of one or more Projects, SunEdison shall contribute one or more substitute projects by not later than December 31, 2015 that in the aggregate are projected to have Project CAFD (as defined in the management services agreement entered into by GLBL and SunEdison concurrently with the initial public offering of GLBL or as otherwise agreed by SunEdison and GLBL (“Project CAFD”)), as determined by GLBL in its reasonable discretion, in each case greater than or equal to the projected Project CAFD of the Project that such substitute project or projects are replacing (each such substitute project, a “Substitute Project”). Each Substitute Project may serve as a substitute for one or more Projects, provided that such Substitute Project has projected Project CAFD greater than or equal to the projected Project CAFD of the Projects that such substitute project is replacing. (b) Prior to contributing each Project or Substitute Project to GLBL or its designated subsidiary, SunEdison shall (A) cause such Project to have achieved COD or (B) ensure that such Project has committed construction financing on terms reasonably acceptable to GLBL and/or cash on its balance sheet in an amount sufficient to achieve COD, and that it is reasonably expected to achieve COD by December 31, 2015.
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Contribution of Projects. (a) SunEdison hereby agrees to contribute, or cause to be contributed, to EM LLC or its designated subsidiaries each of the solar power projects identified in Schedule I hereto (each, a “Project”). In the event that SunEdison fails to receive all governmental, regulatory, third party and other consents and approvals required for the transfer of a Project, SunEdison shall contribute a substitute project that (a) constitutes a Permitted Acquisition (as defined in the Credit Agreement) and (b) has a fair market value (as determined by the Agent in its sole discretion) and projected Project CAFD (as defined in the Credit Agreement), in each case, greater than or equal to the fair market value and projected Project CAFD of the Project that such substitute project is replacing (such substitute project, a “Substitute Organic Project”). (b) SunEdison shall contribute each Project (or a Substitute Organic Project) to EM LLC or its designated subsidiaries by the target contribution date set forth in Schedule I hereto.
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Contribution of Projects. Existing Projects that become Approved Projects that are owned by a member of the EOP Group will be contributed (each, a "CONTRIBUTION") by such Owner to an Owner accordance with this SECTION 3.8 and SECTION 3.
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Related to Contribution of Projects

  • Allocation of Profits Profits for any Year shall be allocated in the following order and priority: (i) First, to any Partner who was allocated Losses after the Capital Account of any other Partner was reduced to zero (0), to the extent of such Losses; provided, however, that in the event that the foregoing applies to more than one Partner, to those Partners pro rata according to the amount of such Losses allocated to each; and (ii) Second, to the Partners in accordance with their relative Percentage Interests.

  • Initial Contribution of Trust Property; Organizational Expenses The Property Trustee acknowledges receipt in trust from the Depositor in connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. The Depositor shall pay organizational expenses of the Trust as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

  • EVALUATION OF PROJECT BENEFITS The goal of this task is to report the benefits resulting from this project.

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • Distribution of Profits Any and all net income accruing to the Joint Venture shall be distributed equally to the Parties.

  • Distribution of Property In the event it becomes necessary in connection with the liquidation of the Company to make a distribution of Property in-kind, subject to the priority set forth in Section 11.02, the liquidating trustee shall have the right to compel each Member to accept a distribution of any Property in-kind (with such Property, as a percentage of the total liquidating distributions to such Member, corresponding as nearly as possible to such Member’s Percentage Interest), with such distribution being based upon the amount of cash that would be distributed to such Members if such Property were sold for an amount of cash equal to the fair market value of such Property, as determined by the liquidating trustee in good faith, subject to the last sentence of Section 5.03(d).

  • Other Contribution Provisions In the event that any Partner is admitted to the Partnership and is given a Capital Account in exchange for services rendered to the Partnership, unless otherwise determined by the General Partner in its sole and absolute discretion, such transaction shall be treated by the Partnership and the affected Partner as if the Partnership had compensated such partner in cash and such Partner had contributed the cash to the capital of the Partnership. In addition, with the consent of the General Partner, one or more Limited Partners may enter into contribution agreements with the Partnership which have the effect of providing a guarantee of certain obligations of the Partnership.

  • Allocation of Profit or Loss All Profit or Loss shall be allocated to the Member.

  • Restoration of Property In the event Railroad authorizes Contractor to take down any fence of Railroad or in any manner move or disturb any of the other property of Railroad in connection with the work to be performed by Contractor, then in that event Contractor shall, as soon as possible and at Contractor's sole expense, restore such fence and other property to the same condition as the same were in before such fence was taken down or such other property was moved or disturbed. Contractor shall remove all of Contractor's tools, equipment, rubbish and other materials from Railroad's property promptly upon completion of the work, restoring Railroad's property to the same state and condition as when Contractor entered thereon.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

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