FC Sunset Date definition

FC Sunset Date has the meaning given in item 12 of the Reference Details.

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FC Sunset Date means the date specified in item 4(b) of the Reference Details, as extended in accordance with clauses 8.2, 8.5 or 18.1(f)(iii).

FC Sunset Date has the meaning given in item 15 of the Reference Details. Financial Close occurs when: Project Operator or its Related Body Corporate has secured the equity and/or external debt financing that is required to fund the construction and commissioning of the Project; any conditions precedent to first draw down under the financing referred to in paragraph (a) have been either satisfied or waived in writing by the relevant financier(s); the first draw down referred to in paragraph (b) has been made available to Project Operator; and Project Operator has issued an unconditional notice to proceed for the full scope of work under the engineering, procurement and construction contract (or equivalent) for the Project. Final Support Commencement Date has the meaning given in item 12 of the Reference Details.

Examples of FC Sunset Date in a sentence

Milestone Cure Plan other than for Force Majeure Event Project Operator must notify the Commonwealth as soon as reasonably practicable after becoming aware that it will be, or is likely to be, delayed in achieving a Milestone by the relevant Milestone Date (including Financial Close by the FC Sunset Date) other than to the extent that the delay is a result of a Force Majeure Event.
If: Project Operator has notified the Commonwealth under paragraph (a); or a Milestone has not been satisfied on or before the relevant Milestone Date (including Financial Close by the FC Sunset Date), then the Commonwealth may at its discretion give Project Operator a notice requiring Project Operator to submit a cure plan which demonstrates that Project Operator is reasonably likely to achieve that Milestone (“Draft Milestone Cure Plan”).
The Milestone Dates may be extended for any delay caused by a Project Force Majeure Event, provided that FC Sunset Date may not be extended beyond the date that is 18 months after the FC Sunset Date set out in clause 7(b).
The initial Milestone Dates are bid variables.] FC Sunset Date The Milestone Date for Milestone 5 set out in item 17 of the Reference Details, as may be extended under clauses 5.2 (“Extension for Force Majeure Events prior to Financial Close”) and 5.3 (“Milestone Cure Plan other than for Force Majeure Event”).

More Definitions of FC Sunset Date

FC Sunset Date has the meaning given in item 1518 of the Reference Details.

FC Sunset Date has the meaning given in item 18 of the Reference Details.

FC Sunset Date means the date specified in item 4(c) of the Reference Details. FC Target Date means the date specified in item 4(b) of the Reference Details. Financial Close occurs when:‌‌