ELIGIBILITY OF PROJECTS Sample Clauses
ELIGIBILITY OF PROJECTS. The Council will submit economic development projects deemed to be a priority and which can be funded under the budget identified in section 4 of this Agreement. Each project must be accompanied by a detailed description that meets SAA requirements for project presentation.
ELIGIBILITY OF PROJECTS. (a) As of the Agreement Execution Date, the Administrative Agent has approved for inclusion as Qualifying Unencumbered Projects those Projects identified on Schedule 3.1, and such Projects shall become the initial Qualifying Unencumbered Projects.
(b) If, after the Agreement Execution Date, Borrower desires to include any additional Projects as Qualifying Unencumbered Projects Borrower shall so notify the Administrative Agent in writing and obtain the approval of the Administrative Agent. The Administrative Agent’s approval shall be conclusive and no approval from the Lenders shall be required so long as such additional Projects meet the criteria set forth in the definition of “Eligible Unencumbered Project”. If such additional Project does not meet such criteria it shall only be included in Qualifying Unencumbered Projects if the Required Lenders shall have also approved the inclusion of such Project. No Property will be approved by the Administrative Agent unless it is an Eligible Unencumbered Project and unless and until the Borrower delivers to the Administrative Agent the following, in form and substance satisfactory to the Administrative Agent:
(i) a description of such Project, such description to include the age, location, size and occupancy rate of such Project;
(ii) a certificate of Borrower certifying that insurance of the type required hereunder is in effect with respect to such Project and that, to the best of Borrower’s knowledge, there are no material environmental concerns with respect to such Project; and
(iii) such other information, including operating statements and site plans, that the Administrative Agent may reasonably request in order to evaluate such Project.
(c) If, after receipt and review of the foregoing, unless Administrative Agent has reasonably determined that the additional Project does not satisfy the requirements to be an Eligible Unencumbered Project, the Administrative Agent will notify the Borrower and each Lender within five (5) Business Days after receipt of all of the above items that it is prepared to proceed with the acceptance of such Project as an Unencumbered Project. If the Administrative Agent has determined that the additional Project does not satisfy the requirements to be an Eligible Unencumbered Project and therefore that addition of such Property as a Qualifying Unencumbered Project requires Required Lender approval, the Administrative Agent shall so notify the Borrower and the Lenders and shall forward ...
ELIGIBILITY OF PROJECTS. The Council will submit to Québec economic development projects deemed to be a priority and which can be funded under the budget identified in section 4 of this agreement. Each project will be accompanied with a detailed description.
ELIGIBILITY OF PROJECTS. The eligibility of projects to be financed will be appraised taking into consideration the ex-ante guidance gained under the "Helsinki" tied aid disciplines, as well as applicable national allocation criteria. An indicative list of eligible project sectors is attached as Annex 2.
ELIGIBILITY OF PROJECTS. 25 3.2 Conditions Precedent to a Project Becoming a Qualifying Unencumbered Project 26 3.3 Release of Subsidiary Guarantors and Qualifying Unencumbered Projects. 26
ELIGIBILITY OF PROJECTS. 36 3.2 Conditions Precedent to a Project Becoming a Qualifying Unencumbered Project 37 3.3 Release of Subsidiary Guarantors and Qualifying Unencumbered Projects. 37 3.4 Termination of Subsidiary Guaranty. 38 ARTICLE IV INCREASED COSTS. 39 4.1 Increased Costs Generally. 39 4.2 Taxes. 40 4.3 Indemnity. 42
ELIGIBILITY OF PROJECTS. Borrower may draw on the Revolver only for projects that satisfy all of the criteria set forth below (“Eligible Projects”).