Material Project Counterparty definition

Material Project Counterparty means each Person (other than GCE Holdings, any Loan Party, any Agent or any Lender) from time to time party to any Material Project Document.

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Material Project Counterparty means a Person (other than an Obligor) that is a party to a Material Project Contract.

Material Project Counterparty has the meaning assigned to such term in the OpCo Senior Credit Agreement.

Examples of Material Project Counterparty in a sentence

To the knowledge of any Authorized Representative of any Loan Party, no Material Project Counterparty is in default of any of its obligations under any Material Project Document other than defaults which, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.
No Force Majeure or other event that would excuse the Borrower or, to the Borrower’s knowledge, any other Material Project Counterparty, from the duty to perform any material obligation of such party under any Material Project Contract has occurred and is continuing.
Cooperate with each of the Technical Advisor, the ESHS Consultant, the Insurance Consultant and any other Advisor to enable them to prepare their respective reports and to perform their other obligations to the Lender under the Loan Documents and use its reasonable efforts to cause the applicable Material Project Counterparty to cooperate with each of the Technical Advisor, the ESHS Consultant, the Insurance Consultant and any other Advisor in the performance of their duties.
Consent to the assignment by the Material Project Counterparty of any Material Project Contract without ▇▇▇▇▇▇’s consent, not to be unreasonably withheld.
To the Loan Parties’ knowledge, no Material Project Counterparty is in material default under any Material Project Contract to which any Loan Party is party.
On or prior to the Initial Disbursement Date, the Borrower shall give or cause to be given written notice of the conditional assignment of and the security interest in all then existing Project Documents created hereunder to the other parties thereto, and shall obtain from each Material Project Counterparty such Counterparty’s Consent, in accordance with the last two sentences in this clause (d).
No termination event has occurred under any Material Project Document, each Material Project Document is in full force and effect, there are no unsatisfied conditions precedent to a Material Project Counterparty’s obligations or to full performance of a Material Project Counterparty under any Material Project Document, and no Loan Party has received any default, expiration, breach or termination notice pursuant to any Material Project Document.
To the knowledge of any Authorized Representative of any Loan Party, no Material Project Counterparty is in default of any of its obligations under any Material Project Document other than 58 Bakersfield Refinery – Senior Credit Agreement defaults which, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.
Neither the business nor the properties of Borrower (or, to the knowledge of the Borrower, any Material Project Counterparty) is affected by any fire, explosion, accident, strike, lockout or other labor dispute, drought, storm, hail, volcano, earthquake, embargo, act of God, or of the public enemy, or other casualty or force majeure event (whether or not covered by insurance), which could reasonably be expected to have a Material Adverse Effect.
To the Borrower’s knowledge, there has been no default by any Material Project Counterparty under, and no Event of Force Majeure has occurred under, any Material Project Document, which in either case could reasonably be expected to have a Material Adverse Effect.

More Definitions of Material Project Counterparty

Material Project Counterparty means any party (other than the Loan Parties or their Affiliates) to a Material Project Contract (other than any issuer of a bond). “Maturity Date” means the date that is eighteen (18) months after the date of this Agreement; provided that, if such date is not a Business Day, the Maturity Date shall

Material Project Counterparty means each Person (other than the Borrower, any other Loan Party, any Agent, any Lender or any of their respective Affiliates) from time to time party to any Material Project Document. “Material Project Document”: (i) each agreement set forth on Schedule 1.1B, (ii) each Replacement Material Project Document, (iii) each performance security, letters of credit and guarantees required to be delivered under any Material Project Document, (iv) any terminal services agreement, or storage services agreement to be entered into by an FLNG2 Subsidiary with any other Person in connection with the Project, (v) any material leasehold real property agreement or other material real property agreement entered into by an FLNG2 Subsidiary with any other Person in connection with Project, and (vi) and any other contract or agreement in respect of the Project entered into by an FLNG2 Subsidiary with any other Person subsequent to the Closing Date that the Administrative Agent and the Borrower agree in writing to designate as a “Material Project Document”; provided that the Administrative Agent may consult with the Independent Engineer in making such designation. “Material Project Document Modification”: as defined in Section 6.13. “Material Project Document Termination Payments”: all payments that are actually paid to or for the account of any Loan Party by a Material Project Counterparty as a result of the termination of any Material Project Document. “Material Real Estate Asset”: any “fee-owned” real estate asset owned by a Loan Party on the Closing Date, acquired by a Loan Party after the Closing Date or owned by any Person at the time such Person becomes a Loan Party, in each case, having a Fair Market Value in excess of $25.0 million as of the date of acquisition thereof (or the date of substantial completion of any material improvement thereon or new construction thereof) or if the owning entity becomes a Loan Party after the Closing Date, as of the date such Person becomes a Loan Party. “Maturity Date”: (i) with respect to the Initial Term Loans, the earliest of: (a) the third anniversary of the Closing Date (such date, the “Stated Maturity Date”), (b) 60 days prior to the maturity date of the 2025 Notes if the Refinance Conditions have not been satisfied with respect to the 2025 Notes as of such date, (c) 60 days prior to the maturity date of the 2026 Notes if the Refinance Conditions have not been satisfied with respect to the 2026 Notes as of such date, and (d) the ...