Project Sale Sample Clauses

Project Sale. It is agreed by the parties that in the event of selling the Projects (whether by an asset deal or a share deal), the net profit (after full repayment of all loans and all due payments) will be split between the Parties as follows: 8.1. If the selling price per MW is up to Euro 30,000 – each side will receive its pro-rata share (70%-30%) 8.2. If the selling price per MW is above Euro 30,000 and up to Euro 60,000 – for the amount above Euro 30,000 per MW, SB will receive 40% of the profit (10% above its pro-rata share) 8.3. If the selling price per MW is above Euro 60,000 – clause 7.2 will apply for the amount between 30,000 and 60,000 per MW, and for the amount above Euro 60,000 per MW, SB will receive 50% of the profit (20% above its pro-rata share) 8.4. Example calculation – if the Projects are sold at a price of Euro 45,000 per MW, and the shareholders loans balance is Euro, 2,500,000 (reflecting around Euro 12,755 per Mw) and the company has an additional payment due of Euro 500,000. The total income would be Euro 8,820,000. The company would first repay the shareholders’ loans and due payments. The residual amount would be split as follows: 8.4.1. Euro 15,000 per MW (the difference between 45,000 and 30,000) would be split Euro 9,000 per MW to N2OFF and Euro 6,000 per MW to SB. 8.4.2. The difference between Euro 30,000 per MWand the loan balance and due payments (Euro 14,694 per MW) would be split Euro 10,286 per MW to N2OFF and Euro 4,408 per MW to SB 8.4.3. N2OFF will receive from the total income an amount of (1) Euro 2,500,000 as loan repayment, (2) Euro 2,016,000 on account of the first step as described in clause 8.1 above, and (3) Euro 1,764,000 on account of the second step described in clause 8.2 above. Total of Euro 6,280,000 8.4.4. SB will receive Euro 8,820,000 minus Euro 500,000 due costs minus 6,280,000 paid to N2OFF, equaling a total amount of Euro 2,040,000.
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Project Sale. Until a date that is two (2) years after a Certificate of Occupancy is obtained for the Project, Developer shall not sell, convey, or transfer the Property or Project, or any part of them, or any interest in them, by the operation of law or otherwise, to any party that shall cause the Developer or its affiliates to cede majority control of the Project or Property. If Developer breaches this covenant, the Authority Assistance Amount will be permanently terminated by the Authority. If Developer sells the Property more than two (2) years after a Certificate of Occupancy is obtained for the Project, Developer shall assign to the successor Property owner Developer's rights and obligations in connection with any remaining Authority Assistance Amount under Sections 2.4.2.1 (with subsections) and 2.4.2.2 of the DDA, in a form of assignment approved by Authority. Subject to the terms of this Agreement, Authority shall continue to make the Authority Assistance Amount available to any successor to Developer's interest in the Property that becomes a successor by foreclosure, deed in lieu of foreclosure or other enforcement of a mortgage or deed of trust recorded as a lien on the Property by a construction or permanent lender for the Project (a "Mortgagee") and to any person or entity to whom a Mortgagee transfers the Project (in either case, a "Successor") so long as the following conditions are satisfied: (1) if applicable, the Successor completes the Project upon the terms of this Agreement (which may only be modified with the consent of the Authority), (2) the Successor complies with all of the terms of this Agreement relating to the Project; and (3) the Successor pays the property taxes for the Project. Each Mortgagee and Successor is a third-party beneficiary of this paragraph. If Developer is a corporation, limited liability company, partnership or joint venture, any change in the ownership, control or management of, or interest in, Developer shall be deemed to be a transfer of the Property and Project unless the change is first approved in writing by Authority at its sole discretion. This Section 2.4.2.1.3 does not apply to the sale of individual condominiums.
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Project Sale. The sale of all or substantially all of the ------------ Project; or
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Project Sale 
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Related to Project Sale

  • Project Completion The Contractor agrees to schedule a final job walk with the County. If required, the County will prepare a list of incomplete items, the “Punch List”. The Contractor agrees to complete the “Punch List” corrections and schedule a final project completion job walk. The County will sign the “Punch List” as completed when determined, the project is finished. The Contractor agrees to submit the following along with its final payment request:

  • PROJECT SERVICES Landlord shall furnish services as follows:

  • Project 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.

  • Project Coordination The Engineer shall coordinate all subconsultant activity to include quality and consistency of deliverables and administration of the invoices and monthly progress reports. The Engineer shall coordinate with necessary local entities.

  • Project Staff Contractor shall appoint to the Project Staff: (i) individuals with suitable training and skills to provide the Work, and (ii) sufficient staffing to adequately provide the Work. Contractor shall make commercially reasonable efforts consistent with sound business practices to honor the specific request of the JBE with regard to assignment of its employees. The JBE may require Contractor to remove any personnel from the Project Staff that interact with any personnel of the Judicial Branch Entities or JBE Contractors (including, without limitation, the Contractor Project Manager) upon providing to Contractor a reason (permitted by law) for such removal. Contractor may, with the JBE’s consent, continue to retain such member of the Project Staff in a role that does not interact with any personnel of the Judicial Branch Entities or