Final Investment Decision or “FID” means the Board has affirmatively voted or consented to undertake construction of the Project and the Company has given a full notice to proceed under an EPC Contract.
Final Investment Decision means the date which is the earlier of:
Final Investment Decision or “FID” means that stage in the project planning process where decisions to make a major financial commitment is taken. Such FID point is presumptively reached by the placing of major equipment orders or the signing of EPC contracts.
Examples of Final Investment Decision in a sentence
Final Investment Decision The parties acknowledge their mutual intention to propose and make a Final Investment Decision (FID) after completion of, among other things, a positive DFS and FEED result and the execution of financing strategy (incorporating both debt and equity).
The EPC Contract is subject to a full Notice to Proceed which Anadarko is expected to issue after the Final Investment Decision (“FID”).
More Definitions of Final Investment Decision
Final Investment Decision means, with respect to the Project, the decision by the board of directors of the Project Company to proceed with the Project as demonstrated by the approval to (a) fund the equity required to develop the Project, (b) issue full notice to proceed under the EPC Contracts, (c) execute any Project Contracts not yet executed, and perform under all Project Contracts, or (d) execute, deliver and perform any Financing Agreements and material related documents required for the development of the Project.
Final Investment Decision means, with respect to an
Final Investment Decision or “FID” means the board of directors of Parent has affirmatively voted or consented to undertake construction of a Project and the Company, acting through its Chief Executive Officer, President or any other officer of the Company authorized by the board of directors of Parent, has given a full notice to proceed under an EPC Contract.
Final Investment Decision has the meaning ascribed to it in Section 6.1;
Final Investment Decision means the Resolution to Construct, which is the Final Investment Decision within the meaning of section 4.1.5 of the FJO;
Final Investment Decision means the final investment decision made by the Corporation to proceed with the K3 Cogen Project, as approved by the shareholders of the Corporation by Extraordinary Resolution (as that term is defined in the Unanimous Shareholder Agreement);
Final Investment Decision means the decision taken at the level of an undertaking to definitively earmark funds for the investment phase of a project;”