Current Facility definition
Examples of Current Facility in a sentence
Ongoing Commissioning A continuation of the Commissioning Process well into Occupancy and Operations to continually improve the operation and performance of a facility to meet current and evolving Current Facility Requirements or Owner’s Project Requirements.
Ranking of a requirement as it relates to other facility factors, (e.g. Primary Use of the facility, Public or Private, Current Facility Condition, etc.) can be weighed to advance or suppress similar like requirements across facilities allowing for more strategic project planning when capital funding levels are below the requirement funding needs of the portfolio.
Prior to the date hereof, the Company has repaid, in full, all of the outstanding obligations under the Current Facility (as defined in the Original Note) and no outstanding disputes exist between the lenders under the Current Facility and the Company or any of its Subsidiaries.
Ongoing Commissioning A continuation of the Commissioning Process well into Occupancy and Operations to continually improve the operation and performance of a facility to meet current and evolving Current Facility Requirements or Owner's Project Requirements.
Supplier shall give written notice to RJRT five (5) business days in advance of such transfer of manufacture or production of any such Product from the Current Facility to the Supplier Facility.
NSK and W-P agree to bear responsibility for the financing (other than equity contributions) of the Current Facility and Second Line in proportion to their respective percentage ownership of W-N Stock from time to time.
In the event of a Facility Repurchase during the period when ▇▇▇▇▇▇ or its Affiliates and Loadout or its Affiliates are each direct or indirect members of the entity owning the applicable Current Facility that is subject to the Facility Repurchase, the proceeds from the sale of such Facility Repurchase shall be shared between ▇▇▇▇▇▇ and Loadout as described on Schedule 9.2.
Medinet shall be responsible at its sole cost and expense to transfer the technology from the Medinet Current Facility to the New Medinet Facility.
In the event Seller closes on the purchase of the Current Facility, Buyer shall deliver possession of the Current Facility to Seller in its current condition, reasonable wear and tear excepted, with all personal property removed; provided, however, that in the event of a fire or other casualty, Buyer shall reasonably remove the debris and convey the Current Facility in its "as-is" condition, and assign the rights to Buyer's insurance proceeds to Seller at the closing.
The public purposes of the Business Subsidy are to retain vital employment opportunities for the Public Parties’ citizens, which would leave their jurisdictions when Developer ceases operating its Current Facility without Developer’s construction of the Project, increase and modernize the industrial building facilities and increase the tax base in the their jurisdictions.