Major Project Participant definition

Major Project Participant means each of (i) the Project Company, (ii) the Sponsor, (iii) BSII, (iv) BSOI, (v) BSCM, (vi) BLM, (vii) the Power Purchaser, (viii) the EPC Contractor, (ix) the Turbine Supplier, (x) the SRSG Supplier, (xi) the Operator, (xii) any other Sponsor Affiliate designated by the DOE as being material to the success of the Project, and (xiii) any other Project Participant (as defined in the Common Agreement) designated by DOE on or before the Document Closing Date as providing significant construction or engineering services to the Project Company or as otherwise being material to the success of the Project, as set forth in Schedule 4.1 to the Common Agreement.

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Major Project Participant each Person who is a party to a Material Contract (other than a Loan Party).

Major Project Participant means each Person who is party to a Material Project Document.

Examples of Major Project Participant in a sentence

With respect to each Major Project Participant, to the extent the Borrower is entitled to receive such information pursuant to the applicable Major Project Document or Direct Agreement entered into with such Major Project Participant, audited Financial Statements of such Major Project Participant, as soon as available, but in any event within ninety (90) days following such Major Project Participant’s Fiscal Year end, audited Financial Statements of such Major Project Participant for such Fiscal Year.
The commencement of an Insolvency Proceeding against any Borrower Entity or any Major Project Participant and such proceeding continues undismissed for thirty (30) days; provided, that in the case of a Major Project Participant that is party to a Replaceable Contract, no Event of Default shall occur under this clause (i) to the extent that the Borrower has replaced such Major Project Participant with a Replacement Contractor in accordance with the Replacement Contract Conditions.
Receipt by DOE of other documentation, legal opinions, certificates and other information relating to the Project, any Borrower Entity, the Sponsors, any Major Project Participant, or the matters contemplated by the Transaction Documents, as DOE may have requested in writing not fewer than ten (10) Business Days prior to the Requested Advance Date.
The dissolution of any Borrower Entity or any Major Project Participant; provided, that in the case of any such Major Project Participant that is party to a Replaceable Contract, no Event of Default shall occur under this clause (iii) to the extent that the Borrower has replaced such Major Project Participant with a Replacement Contractor in accordance with the Replacement Contract Conditions.

More Definitions of Major Project Participant

Major Project Participant. The Borrower, the Sponsor and the Operator.

Major Project Participant means any Person (other than the Borrower) party to any Major Project Document and each Person (other than the Borrower) party to any Support Instrument provided in connection with any Major Project Document.

Major Project Participant. The Owners’ Agent and the Operator.

Major Project Participant has the meaning given in the Bank Credit Agreement.

Major Project Participant is defined with respect to each Project in the applicable Common Agreement for such Project.

Major Project Participant. The Borrower, Holdco, the Sponsor, the Operator, any Material Project Party, and any other any other project participant designated by the Administrative Agent.

Major Project Participant means each Person (other than the Recipient) party to any Major Project Document. “Material Adverse Effect” means, as of any date of determination by the Department, a material and adverse effect on: (a) any Project; (b) the ability of the Recipient, any other Recipient Party or any other Major Project Participant to observe and perform its material obligations or enforce its rights in a timely manner under any Financing Document to which it is a party; (c) the business, operations, liabilities, condition (financial or otherwise) or Property of the Recipient, any other Recipient Party or any other Major Project Participant; (d) the validity or enforceability of any material provision of any Financing Document; or (e) any material right or remedy of the Recipient, any other Recipient Party or the Department under the Financing Documents. “Material Expansion” has the meaning given to the term in the Guardrails Provisions. “Maximum Award Amount” has the meaning given to that term in Section 2.1(a) (Award Amount). “Maximum Award Amount” has the meaning given to that term in Section 2.1(a) (Award Amount). “Members of the Affiliated Group” has the meaning given to the term in Section 7(c) (Remedies, Mitigation and Clawbacks) of the Guardrail Provisions.