Project Document. The Issuer must exercise its rights under and comply with its material obligations under each Project Document in a proper and timely manner.
Project Document. Please ensure that the Project document is Annexed to this Agreement before signature. 4.
Project Document. Each Project Document (i) to which either of Mountain or 2435386 is a party, is in full force and effect, and (ii) to which the Operator (but not Mountain or 0000000) is a party is, to the knowledge of Mountain, in full force and effect, except to the extent to that such Project Document has been discharged in accordance with its terms and provided that no rights, obligations or liabilities (contingent or otherwise) of any party to it remain outstanding. Other than any disputes set out in the Mountain Disclosure Letter (i) there is no dispute in connection with any Project Document to which Mountain or 2435386 is a party; and (ii) to the knowledge of Mountain, there is no dispute in connection with any Project Document to which De Beers is a party. To the knowledge of Mountain, the Operator is not in breach of any of its material obligations under Project Documents to which it is a party and no party to any Project Document in breach of the material terms of any Project Document to which it is a party.
Project Document. The official documents setting forth information and requirements; contract forms, bonds, and certificates; general and supplementary conditions of the Contract Documents; the Specifications; and the Plans and Drawings of the Project.
Project Document. The Issuer must exercise its rights under and comply with its material obligations under each Project Document in a proper and timely manner.
6 Reserve: The Issuer will at all times any amount is outstanding under this Deed and until the Final Repayment Date:
6.1 maintain an amount in free cash (the “Reserve”) consisting of an amount equal to one thirty-fourth (1/34th) of the total amount of the Issue Amount (to be used solely for repayment of Principal, payment of Additional Interest, a Deferred Amount or Investment Income (but, for the latter, only where a payment due at the end of the Cash Return Period (in accordance with clause 9 of this Deed) of Investment Income cannot be made (in full) because the cash available to the Issuer (excluding the Reserve) is less than the amount of the Operating Surplus (as calculated in accordance with sub-paragraph 1.4 above)) provided that:
6.1.1 in the first instance the Reserve may be funded in accordance with Schedule 1 1.5 g); and,
6.1.2 if the Issuer makes any payment out of the Reserve, the amount of Reserve shall temporarily reduce and the Issuer shall be entitled to and shall fund the resulting shortfall as a cost in accordance with Schedule 1 1.5; and
6.2 set aside an annual amount in free cash equal to £5,000 per annum for a minimum of 10 years as an operation contingency reserve to be used solely for the normal running of the Project and for meeting any decommissioning liabilities over the life of the Project.
Project Document. The Project Document is attached as Xxxxx X. The Project Document will be reviewed and updated in connection with joint project reviews. Changes in the Project Document are subject to the approval of the National Economic and Development Authority (NEDA) and the Danish competent authorities.
Project Document. Activities to be implemented under the Donor Agreement between the Czech Ministry of Environment and The United Nations Environment Programme
Project Document. The Project Document is intended to describe the Services and any other relevant terms and conditions for performance of the Services under this Agreement. The Project Document attached to this Agreement as of the Effective Date is preliminary; the Parties shall work in good faith to update and expand that preliminary Project Document, consistent with the preliminary Project Document and the terms and conditions of this Agreement, so that a final Project Document is complete within [***] ([***]) days after the Effective Date. The preliminary Project Document is incorporated into and forms an integral part of this Agreement; updated or amended Project Documents will become part of this Agreement upon execution by both Parties. In the event of a conflict between the terms in the main body of this Agreement and any terms of the Project Document, the main body of this Agreement controls.
Project Document. The Issuer must exercise its rights under and comply with its material obligations under each Project Document in a proper and timely manner.
6 Reserve: The Issuer will at all times any amount is outstanding under this Deed and until the Final Repayment Date maintain an amount in free cash (the ‘Reserve’) consisting of an amount equal to thirty one thousand six hundred and nineteen pounds sterling (£31,619) to be used solely for repayment of Principal and payment of Interest, Additional Interest or Deferred Amounts provided that, if the Issuer makes any payment out of the in accordance with clause 11.3, the amount of Reserve shall temporarily reduce and the Issuer shall fund the resulting shortfall out of any Relevant Surplus. The amount of £31,619 is calculated on the assumption that the Issue Amount is three hundred thousand pounds (£300,000). In the event that the Issue Amount is less than three hundred thousand pounds (£300,000), the Reserve amount shall be adjusted so that it will retain coverage of one six monthly repayment of Principal and payment of Interest together with the amount of any potential annual debt service shortfall throughout the term of the Debenture (as shown in the agreed financial model on the closing date).
Project Document. Using the Project Development Budget, the appraisal, and other data, Developer shall develop a Project Document that will provide development monitors and HUD auditors a single source document to readily understand the development costs, other sources and uses of non-CDBG funding, any contributed capital, developer equity, and other building costs, prior to the release of any CDBG- NDR Funds.
