Project Notice Clause Samples

Project Notice. Capital shall promptly notify Global in writing of each Project that Capital wishes to undertake (each a “Project Notice”), including reasonably detailed information regarding the scope of such Project and the estimated total amount of funding required to undertake such Project.

Project Notice. The Port shall provide a "Project Notice" to the City for each proposed action by the Port using the format set forth in Attachment A-3 (including a full description of compliance with pre-approved development standards). Project Notice shall be sent as early as possible (e.g. initial listing on Port's spread sheet tracking if sufficient detail exists), but in any event no later than the Port's preparation of a SEPA checklist for the project or the Port's determination the action is not covered by SEPA (e.g. categorical exemption).

Project Notice. (i) (x) If and when (at any time and from time to time) any Verde Company has incurred a substantial amount of Costs (as defined herein) (which may be prior to incurring any significant third-party costs, including any pre-front end engineering and design (“FEED”) study or FEED study costs) (A) to develop, design, construct, install, or enter into any Project to be located within the AMI, or (B) to acquire any Project or a material equity interest in any Project located or to be located within the AMI, or (y) Cottonmouth has determined (A) to develop, design, construct, install, or enter into any Project to be located within the AMI, or (B) to acquire any Project or a material equity interest in any Project located to or to be located within the AMI, the Offering Party will deliver written notice (a “Notice”) to the Other Party of such occurrence (the date of the delivery of any such written notice, the “Notice Date”). Any Notice from a Verde Company shall also include the proposed Percentage Interest in the Project at which Cottonmouth may participate; provided, however, that such Percentage Interest shall not be less than 50% or more than 65%. (ii) Any Notice under Section 3(a)(i)(A) from a Verde Company will include (A) a construction budget for the Project (the “Construction Budget”) determined in good faith by the Offering Party, (B) an estimate of the total amount of the capital expenditures actually incurred by the Offering Party as of the Notice Date for the development and design of such Project, including the design, permitting, licensing, financing costs, consulting (including independent engineers), preparation for pre-FEED and FEED studies, outside legal, and regulatory fees and out-of-pocket costs associated therewith (collectively, the “Costs”), and (C) an estimate of additional Costs that the Offering Party expects to incur between the Notice Date and the Notice Deadline (as defined herein) (the “Estimated Costs”), provided, however, that the Costs and Estimated Costs will not include (1) any corporate overhead of any Verde Company or any of their Affiliates other than such reasonable and documented time and expenses of employees and consultants of the Verde Companies related to such Project, (2) any costs relating to the issuance or sale to any third party of any equity interests in any Verde Company, or (3) any legal expenses of any Verde Company or any of its Affiliates incurred in connection with the negotiation of this Agreement. (iii)...