Eligibility of Operations Sample Clauses

Eligibility of Operations. 1. An Operation shall comply with each of the following eligibility criteria: (a) the purpose of the Operation shall be to contribute to the objectives set out in Article 2.1 of this Schedule A.1. The Operation may, inter alia, be regarding greenfield projects (consisting of construction of new assets) or xxxxxxxxxx projects (consisting of extension, improvement or transformation of existing assets). In addition, the Operations may be: (i) regarding highly innovative projects in the transport sector utilising renewable energy, hence complying with the requirement of promoting innovative, replicable and scalable use of renewable energy, whereby “highly innovative” has the meaning in accordance with Article 33 of the TEN-T Regulation; (ii) involving mobile assets powered by electricity or by bio-energy; and (iii) involving renewable energy used in transport infrastructure; (b) it shall take the form of debt financing which term may include without limitation: (i) loans, guarantees, letters of credit, securities (listed or unlisted) and standby credit facilities, in each case with or without warrants or other rights attached; which may be senior, mezzanine or subordinated, and which may include features such as the option to defer or skip interest payments, participation in profits or revenues, contingency of payments or redemption, and convertibility (including convertibility into equity), and (ii) shares, partnership interests or other participation rights in a vehicle that engages in debt financing; (c) if the Operation is in the form of unfunded subordinated debt, the resulting aggregate outstanding commitments under all Operations in the form of unfunded subordinated debt in the CEF Portfolio shall not exceed X% of the aggregate nominal exposure for the CEF Portfolio; (d) if the Direct Operation is in the form of senior debt financing, the sum of the principal of the Operation and (if applicable) of any senior debt financing EIB provides for the same purpose to the same Final Recipient, shall not exceed X% of the senior debt financing provided to the Final Recipient for such purpose; if the Indirect Operation is in the form of senior debt financing, the sum of the principal of the Operation and (if applicable) of any senior debt financing EIB provides, directly or via the relevant Financial Intermediary, for the same purposes to the same Final Recipients, shall not exceed X% of the aggregate of the senior debt financing provided for the same purposes to ...
Sample 1
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Eligibility of Operations. An Operation shall comply with each of the following eligibility criteria:
Sample 1
Eligibility of Operations. 1. The food and/or basic material assistance provided to the most deprived persons may be purchased by or on behalf of the beneficiary or made available free of charge to the beneficiary. 2. The food and/or basic material assistance shall be distributed free of charge to the most deprived persons.
Sample 1

Related to Eligibility of Operations

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

  • Continuity of Operations Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • Statement of Operations Statement of Changes in Net Assets.

  • SUSPENSION OF OPERATIONS Concessionaire shall, at the direction of Department, immediately suspend, delay or interrupt Concessionaire’s operation of all or any part of the Concession Premises for such period of time as Department may determine to be appropriate to protect the Concession Premises and/or public health, safety, and welfare due to the occurrence of hazardous work conditions, emergency conditions, and/or any other cause including, but not limited to, Concessionaire's failure to perform any of the covenants, agreements, and conditions contained in this Agreement on its part to be performed. Concessionaire hereby waives any claim, and Department shall not be liable to any party claiming through Concessionaire, for damages, payment abatement, or compensation as a result of Department's actions under this Paragraph or this Agreement. Department's suspension of Concessionaire's operations shall be in addition to any other right or remedy available by law or in equity.

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts

  • Control of Operations Without in any way limiting any party’s rights or obligations under this Agreement, the parties understand and agree that (a) nothing contained in this Agreement shall give Parent or the Company, directly or indirectly, the right to control or direct the other party’s operations prior to the Effective Time and (b) prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its operations.

  • Commencement of Operations The Partnership shall not begin operations on its Leases unless the Managing General Partner is satisfied that necessary title requirements have been satisfied.

  • PERIOD OF OPERATION Subject to certification, this Agreement shall come into force from the first pay period commencing on or after 1st December 2002 and shall remain in force until 31 October 2005.

  • DATE AND PERIOD OF OPERATION 3.1 This Agreement will operate from the date seven (7) days after it is approved by the FWC and shall have a nominal expiry date of 2 July 2027. By no later than 2 July 2026 the Employer intends to commence discussions concerning a replacement enterprise agreement. This Agreement will continue to operate after its nominal expiry date unless it is replaced by another enterprise agreement or terminated in accordance with the Fair Work Act.

  • Conduct of Operations The Board of Directors and the General Partner shall use commercially reasonable efforts to conduct the business of the Partnership and its Affiliates in a manner that does not require a holder of Common Units to file a tax return in any jurisdiction with which the holder has no contact other than through ownership of Common Units.

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