Material Construction Contract definition

Material Construction Contract means, with respect to any Project, any contract or agreement with (a) the General Contractor, Architect or Technology Engineer for such Project or (b) any other material contractor, subcontractor, engineer, architect contract or other design professional if (solely with respect to this clause (b)) the aggregate contract price or other amount payable by the Obligor Parties or their Affiliates under such contract or agreement is greater than or equal to Five Million Dollars ($5,000,000).

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Material Construction Contract means each Construction Contract with a total value of more than $5,000,000 that relates in any material respect to the development, design, engineering and construction of the AR Facilities or any Project Facilities located (or to be located) on any DOE Acquired Real Property. For the avoidance of doubt, any Construction Contract that solely relates to the Other Facilities or any Project Facilities to be located on any Project Real Estate Rights that are not DOE Acquired Real Property shall not constitute a “Material Construction Contract”.

Material Construction Contract means each Construction Contract identified by the Authority to be material to the Project (which the Authority agrees shall include each Construction Contract with a total contract amount in excess of $100,000).

Examples of Material Construction Contract in a sentence

Each Material Construction Contract with respect to the AR Facilities shall provide that title to all Works covered thereunder will be transferred to DOE as completed, and upon payment by the Clean Line Entities of all amounts due and payable under such Material Construction Contract, all such Contractors shall waive any claims thereto or Liens thereon (to the maximum extent permitted by Applicable Law) and the Clean Line Entities shall advance funds to DOE for all Taxes DOE must pay as a result thereof.
All Delay Liquidated Damages and Performance Liquidated Damages that were due and payable as of the Project Completion Date under each Material Construction Contract (excluding any damages that are the subject of a dispute) in excess of five ($5) million, shall have been deposited into the appropriate Account(s) and applied as set forth in the Common Security and Account Agreement.
All Delay Liquidated Damages and Performance Liquidated Damages that were due and payable as of the Project Phase 2 Completion Date under each Material Construction Contract (excluding any damages that are the subject of a dispute) in excess of $10,000,000, shall have been deposited into the appropriate Account(s) and applied as set forth in the Common Security and Account Agreement.
Contractor agrees to satisfy any and all requirements within its control with respect to any Change Order which constitutes a "Material Construction Contract Amendment" under the terms of the Disbursement Agreement.
Construction Contract Amendments which are not Material Construction Contract Amendments shall not require the approval of the Trustee or any other Person to be effective.
Construction Contract Amendments which are not Material Construction Contract Amendments shall not require compliance with the requirements set forth in this Section 6.2 or the approval of the Administrative Agent (acting at the direction of the Facility Manager in its commercially reasonable discretion) or any other person to be effective.
Each such Material Construction Contract shall be in form and substance reasonably satisfactory to the Bank Agent and the Construction Consultant and shall be in writing.
The Borrower (but no other Loan Party) may from time to time enter into (or cause or permit the Developer to enter into) Construction Contracts and Construction Contract Amendments (other than Material Construction Contract Amendments) consistent with the Final Plans and Specifications, the Project Schedule 26 and the Project Budget, as each is in effect from time to time.
Construction Contract Amendments which are not Material Construction Contract Amendments shall not require compliance with the requirements set forth in this SECTION 5.2 or the approval of the Trustee or any other Person to be effective.
The Borrower shall not (and shall not permit or cause the Developer to) enter into or approve any Material Construction Contract Amendment except as set forth in this Section 6.2. Any Construction Contract Amendment that results from a Material Change Order (a “Material Construction Contract Amendment”) shall be in writing and shall identify with particularity all changes being made.

More Definitions of Material Construction Contract

Material Construction Contract means each of the Substation Construction Contract, the Transmission Line Construction Contract, the Tower Supply Agreements and the Other Supply Agreements. Transmission Use and Capacity Exchange Agreement

Material Construction Contract means any contract for the services, equipment or other items described on Schedule 3.1(b) proposed to be entered into by the Company in connection with any Project Execution Plan.

Material Construction Contract means each Construction Contract identified by the Issuer to be material to the Resort (which the Issuer agrees shall include all Construction Contracts with a total contract amount in excess of $2.5 million).

Material Construction Contract means each of the Substation Construction Contract, the Transmission Line Construction Contract, the Tower Supply Agreements and the Other Supply Agreements.

Material Construction Contract means each Construction Contract identified by the Issuer to be material to the Facility (which the Issuer agrees shall include the GMP Contract and all other Construction Contracts with an individual contract amount in excess of $500,000).

Material Construction Contract is defined in the Disbursement Agreement.