Major Project Party means Pacific Ethanol (until the termination of the Asset Management Agreement), each Offtaker, each Corn Supplier, the landlord under each Lease, Heiskell, the guarantor under any Project Document Guarantee guarantying the obligations of any other Major Project Party and any other Project Party designated as a Major Project Party by the Administrative Agent and the Borrowers’ Agent.
Major Project Party means each counterparty to a Material Project Document and their respective parent guarantor (if applicable) that are required for the Project to achieve Completion on or before the Longstop Date.
Major Project Party means each party to a Major Project Document (other than the Borrower), each party replacing any such Major Project Party under the relevant Project Document or an agreement replacing such relevant Project Document, and any other Project Party designated as a Major Project Party by the Lender and the Borrower.
Examples of Major Project Party in a sentence
As of the date of this Agreement, all conditions to be satisfied by each Major Project Party under or pursuant to each Material Project Document to which it is a party prior to Financial Closing have been satisfied and fulfilled by the Major Project Parties or waived.
Except as disclosed to the Agent, no default or event which, with the passing of time or the giving of notice (or both) or a determination being made under the relevant provision would constitute an event of default on the part of any Major Project Party exists under any of the Material Project Documents.
There are no material agreements to which any Major Project Party is a party which relate to the Project or the Secured Property, true and complete copies of which have not been delivered to the Agent.
More Definitions of Major Project Party
Major Project Party means each Obligor, the Contractor, the E&C Support Provider and any other parties which the Borrower and the Lenders agree in writing to be named as a Major Project Party.
Major Project Party means, with respect to any Plant with respect to which a Funding has been made or is being requested, each of Xxxxxxx (until the Conversion Date), the Construction Manager (until the Conversion Date), Delta-T, each Offtaker, each Corn Supplier, the Operator, the landlord under each Lease, the guarantor under any Project Document Guarantee guarantying the obligations of any other Major Project Party and any other Project Party designated as a Major Project Party by the Administrative Agent and the Borrowers' Agent.
Major Project Party. Means the Borrower, the Project Company, each Member, PGET, GTN, NEG, the Contractor, the Contractor Guarantors, the Operator, the Transmission Provider, PECO, TETCO, PSW, and each Person party to a Major Project Document, in each case until each Transaction Document to which such Person is a party has terminated or expired in accordance with its terms. NEG Means PG&E National Energy Group, Inc., a Delaware corporation.
Major Project Party means the collective reference to the following Persons (during the term of the applicable Project Contracts to which they are a party, it being understood and agreed that the term of any such Project Contract shall be deemed to terminate upon any exercise of an early termination option expressly contained in such Project Contract which, for the avoidance of doubt, shall not constitute any termination of any such Project Contract pursuant to any exercise of remedies): DLC, each FE Subsidiary, RES, REWSC, the Operator, Harwick, each other Project Party from time to time a party to any O&X Xxxxxment and each other Project Party which is both a party to any agreement set forth in any of the Operational Plans and is designated as a Major Project Party in any of the Operational Plans.
Major Project Party means the collective reference to DLC, each FE Subsidiary, CPS, the Operator, Xxxxxxx and each other Person from time to time party to a Project Contract.