Executive Summary and Program Overview Sample Clauses

Executive Summary and Program Overview. The transaction is a $42 million financing to the Borrower for the refinancing of the Project through a note purchase arrangement between the Borrower and TCW serving as the Note Holder. The Project is a 20.5MW geothermal power project located in Guatemala approximately 00 xxxxxxxxxx xxxxx xx Xxxxxxxxx City. The Project began commercial operations in May 2007. On December 23, 2007, the United Nations Framework Convention on Climate Change officially registered the Project as a Clean Development Mechanism, which qualifies the Project for certified emission reduction (“CER”) credits which can be traded or sold. This information is found at xxxx://xxx.xxxxxx.xxx/Projects/DB/DNV-CUK1218173149.57/view. The offtaker is Instituto Nacional de Electrificacion (“INDE”) through a 20 year PPA, effective in 2003. INDE is a government held entity. The Borrower is provided usufruct rights for xxxxx AMF-1, AMF-2, AMF-5J and AMF-6J, AMF-3 and AMF-4 which are INDE assets. The Usufruct Agreement expiration is 2028. The Borrower is responsible for the operation and maintenance of the Project. Ormat has confirmed to us that to their knowledge, there are no existing environmental conditions, no activity that would be in violation of environmental regulation, no pending litigation and no insurance claims at this time. The insurance requirements for Guatemala are as follows: • Compulsory coverage is workers compensation (provided through a government social security scheme). • Automobile liability is not compulsory but there are required minimum limits for drivers (owners, non-owners, or lessees). • Local insurers are required to issue the insurance policies and local policy wording is available for the standard coverages (including general and automobile liability and property and machinery breakdown). • It is common for the local insurer to not be rated by AM Best or S&P or other similar rating agency (as the local insurer cedes the majority of special risk exposures to a reinsurer). The reinsurance carrier would generally be rated by an acceptable rating agency with a cut through clause, assignment of reinsurance proceeds, a difference in conditions or another similar endorsement allowing the Lender/Note Holder/ or similar to benefit from the first party insurance proceeds. As reinsurance is permitted this allows the Borrower to benefit from broader wording and improve terms and conditions from the international reinsurance markets. The local insurance regulations do not prese...
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Related to Executive Summary and Program Overview

  • Executive Summary Contractor shall, upon request by NASPO ValuePoint, provide NASPO ValuePoint with an executive summary that includes but is not limited to a list of states with an active Participating Addendum, states with which Contractor is in negotiations, and any Participating Addendum roll-out or implementation activities and issues. NASPO ValuePoint and Contractor will determine the format and content of the executive summary.

  • Program Overview Microsoft extends to eligible partners the opportunity to participate in the Program referenced above subject to these Program Terms & Conditions (“Program Terms”). Each entity participating in the Program is hereinafter referred to as a “Participant.” Participation in the Program is voluntary. The Program is governed by the Program Terms, which incorporate by reference the Microsoft Partner Network Agreement (as in effect between Microsoft and Participant, the “MPN Agreement”). Capitalized terms used but not defined in these Program Terms have the meanings assigned to them in the MPN Agreement. These Program Terms are subject to local requirements and may vary by jurisdiction, and Participant retains sole discretion to set pricing for sales of applicable products.

  • NASPO ValuePoint Summary and Detailed Usage Reports In addition to other reports that may be required by this solicitation, the Contractor shall provide the following NASPO ValuePoint reports.

  • Overview (a) The Employer is committed to maintaining a stable and skilled workforce, recognising its contribution to the operation of the Employer. As such, full time direct and ongoing employment is a guiding principle of this Agreement. (b) The Employer will take all measures to achieve employment security for the direct permanent employees of the Employer. The Parties agree upon the measures in this Clause to protect and enhance the employment security, health and safety, terms and conditions of employment and career development of the employees. (c) The employer agrees that it is highly important to ensure that work is performed effectively, efficiently and without undue pressure or bullying, and in a way that promotes OHS and EO principles and practices in the workplace and appropriate representation of employees should they so request. The employer will ensure that its employment practices are consistent with the above principles and practices.

  • Detailed Description of Services / Statement of Work Describe fully the services that Contractor will provide, or add and attach Exhibit B to this Agreement.

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  • Project Summary The main objective of the LIFE GAIA Sense project is to demonstrate gaiasense, an innovative “Smart Farming” (SF) solution that aims at reducing the consumption of natural resources, as a way to protect the environment and support Circular Economy (CE) models. More specifically, this project will launch 18 demonstrators across Greece, Spain and Portugal covering 9 crops (olives, peaches, cotton, pistachio, potatoes, table tomatoes, industrial tomatoes, grapes, kiwi) in various terrain and microclimatic conditions. They will demonstrate an innovative method, based on high-end technology, which is suitable for being replicated and will be accessible and affordable to Farmers either as individuals or collectively through Agricultural Cooperatives. Moreover, LIFE GAIA Sense aims to promote resource efficiency practices in SMEs of the agricultural sector and eventually, contribute to the implementation of the Roadmap to a Resource Efficient Europe. This project will demonstrate a method on how the farmer will be able to decide either to use or avoid inputs (irrigation, fertilizers, pesticides etc.) in a most efficient way, without risking the annual production. The focus is on the resource consumption reduction side of CE, and the results will be both qualitatively and quantitatively, considering the resources’ efficiency in agricultural sector.

  • Project Overview Project Title [Drafting note: ARENA to complete. Insert full long name in accordance with ARENA’s naming convention] i.e. [GMS Number] [Powerworks, voltage control on the Pacific Islands Study] [GMS Number] [study/ project/ fellowship/ scholarship/ R&D Project] Contract Number [Drafting note: ARENA to complete – to be obtained from ARENA’s GMS] Recipient [Drafting note: Recipient to insert full legal name and ABN] Guidelines and policies Advancing Renewables Program – Program Guidelines, 2020 (xxxxx://xxxxx.xxx.xx/xxxxxx/0000/00/XXXXX_XXX_Xxxxxxxxxx_XX_Xxxxxx_Xxxxx_XXXXX.xxx) ARENA Variation Policy (xxxxx://xxxxx.xxx.xx/xxxxxx/0000/00/xxxxx-xxxxxxx-xxxxxxxxx-xxxxxxxxx-xxxxxx.xxx) ARENA Report Writing Guidelines (xxxxx://xxxxx.xxx.xx/xxxxxx/0000/00/xxxxx-xxxxxx-xxxxxxx-xxxxxxxxxx.xxx)

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