EPC Agreement definition
Examples of EPC Agreement in a sentence
Pursuant to Section 18.4 of the EPC Agreement, Owner and Contractor have agreed that Owner shall have the obligation in certain circumstances to deliver by wire transfer to Escrow Agent certain sums to be held by Escrow Agent in accordance with the terms of this Escrow Agreement (the “Escrow Funds”).
The Escrow Agent shall have no obligations or responsibilities in connection with the EPC Agreement, or any other agreement between the Parties, other than this Escrow Agreement.
In the case of Capital Contributions to fund payments required to be made on a Purchase Date under the Master EPC Agreement for a particular Tranche, the Class A Member shall contribute, subject to Section 4.1(c), that amount, as determined pursuant to the Base Case Model for such Tranche, that will allow the Class A Member to reach the applicable Target Internal Rate of Return by the Projected Flip Date.
It is the intention of the Parties that Exhibit C shall include all Projects purchased by the Company under the EPC Agreement, which are not later deemed Cancelled Projects or Deficient Projects (as such terms are defined in the EPC Agreement), and shall not include Projects no longer owned by the Company (including due to termination of the underlying Customer Agreement); and the Parties shall execute updates to Exhibit C as necessary to reflect the addition or removal of Covered Projects.
Except as modified by this and any previously issued Change Orders or any amendments to the EPC Agreement, all other terms and conditions of the EPC Agreement shall remain in full force and effect.