New Project Assets definition

New Project Assets collectively the movable and immovable assets required to be obtained by the Private Party for purposes of the Project, but excluding the Institution Assets and cash, and including the SANParks Thesens Island Restaurant, the KOC Fixtures, any books and records, any spare parts and tools, and the Intellectual Property, or if the context is appropriate, any one of the New project assets;
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New Project Assets collectively the movable and immovable assets required to be obtained by the Private Party for purposes of the Project, but excluding the Institution Assets and cash, and including any books and records, any spare parts and tools, and the Intellectual Property, or if the context is appropriate, any one of the New project assets;
Sample 1
New Project Assets. The movable assets, other than the Sale Assets and any replacement assets as per Clause 18.7.3, acquired by the Private Party to operate the Skukuza Airport as the relevant category airport;
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Examples of New Project Assets in a sentence

  • Midtown Tunnel Projected Cash Flows to the Substantial Completion of the New Project Assets Date (Dollars in Millions) Table 15.

  • It can be expected that the Project Funders will enter into definitive Project Funding Agreements with the New Project Assets Owner to provide the funds necessary to make payments under the Dam Removal and Restoration Agreement, and to pay other costs such as the technical, legal and financial advisory costs and the costs of obtaining the required governmental approvals.

  • Compliance with regulatory permits for dam removal will not avoid or affect the New Project Assets Owner’s potential liability for injury or death of a third party, or damages to private property of a third party, arising under applicable law.

  • Various contracting arrangements are expected to be put in place prior to title transfer and sequenced in a way that permits a procurement for the Project Contractor to be conducted by the New Project Assets Owner before actual ownership of the Project Assets is transferred.

  • With traditional design-bid-build (low bid construction price) project delivery, the New Project Assets Owner retains those risks (having only an “errors and omissions” professional negligence claim againstthe design engineer).

  • Zadoks, J.C., Chang, T.T., Konzak, C.F., 1974: A Decimal code for the Growth Stages of Cereals.

  • The Project Contractor will furnish a conventional performance bond from a financially sound surety company, assuring the New Project Assets Owner and the Project Funders that the Dam Removal and Restoration Agreement will be performed as required.

  • This report uses the following terminology:  Dam Removal and Restoration Agreement: the agreement that will set forth the terms and conditions under which the Project Contractor will remove the dams and restore the site. New Project Assets Owner (referred to in the Klamath Agreements as the “dam removal entity” or “DRE”): the entity that will own the Project Assets and cause the Project to be carried out.

  • In such circumstances, the Project Contractor or the New Project Assets Owner’s technical advisors, or some combination of both, funded by the Project Funders, will need to secure such governmental approvals before any physical work can begin under the Dam Removal and Restoration Agreement.

  • Lewis Region Administrative Director Central Region Office ARTICLE PAGE I.

Related to New Project Assets

  • Project Assets means all physical and other assets relating to (a) tangible assets such as civil works and equipment including foundations, embankments, pavements, road surface, interchanges, bridges, culverts, road over-bridges, drainage works, traffic signals, sign boards, kilometre-stones, [toll plaza(s)], electrical systems, communication systems, rest areas, relief centres, maintenance depots and administrative offices; and (b) Project Facilities situated on the Site;

  • New Project means (a) each facility which is either a new facility, branch or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • Subject Assets is defined in Section 2.2(c).

  • Redevelopment project means a specific construction project

  • Solar PV Project means the solar Photo Voltaic Power project that uses sunlight for direct conversion into electricity through Photo Voltaic technology.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Project area budget means a multiyear projection of annual or cumulative

  • Projects means the projects identified in Exhibit A to the Agreement and all other projects, any costs of which are included in a Transitional Capital Plan pursuant to the Act or are Recovery Costs, and financed, by payment or reimbursement, with the proceeds of Bonds or Notes.

  • Project Land means any parcel or parcels of land on which the project is developed and constructed by a promoter;

  • Development Project means a project for the development of land within a project area.

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Expansion Project has the meaning set forth in Section IV.3.a of this Agreement.

  • Redevelopment Property means a property owned by the Company or a Consolidated Subsidiary (a) where the commenced leased square footage is less than 60% of the sum of net rentable square feet and redevelopment space, with reasonable adjustments to leased square footage determined in good faith by the Company, including adjustments for available power, required support space and common area and (b) that the Company reasonably characterizes as held in whole or in part for redevelopment.

  • Project Equipment means the items of machinery, equipment or other personal property used in connection with the construction and development of the Project pursuant to the provisions hereof, and all replacements thereof and substitutions therefor made pursuant to this Agreement.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • The Project Plan means the document to be developed by the Supplier and approved by the Purchaser, pursuant to GCC Clause 19, based on the requirements of the Contract and the Preliminary Project Plan included in the Supplier’s bid. The “Agreed and Finalized Project Plan” is the version of the Project Plan approved by the Purchaser, in accordance with GCC Clause 19.2. Should the Project Plan conflict with the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • New property means (i) the assessed value, after final

  • Project Area means land or lands located within the incentive

  • Qualified Project Costs means costs paid with respect to the Project that meet each of the following requirements: (i) the costs are properly chargeable to capital account (or would be a so chargeable with a proper election by the Borrower or but for a proper election by the Borrower to deduct such costs) in accordance with general federal income tax principles and in accordance with Section 1.103-8(a)(1) of the Regulations, provided, however, that only such portion of the interest accrued during rehabilitation or construction of the Project (in the case of rehabilitation, with respect to vacated units only) shall be eligible to be a Qualified Project Cost as bears the same ratio to all such interest as the Qualified Project Costs bear to all costs of the acquisition and construction or rehabilitation of the Project; and provided further that interest accruing after the Completion Date (as defined in the Regulatory Agreement) shall not be a Qualified Project Cost; and provided still further that if any portion of the Project is being constructed or rehabilitated by an Affiliate (whether as general contractor or a subcontractor), Qualified Project Costs shall include only (A) the actual out of pocket costs incurred by such affiliate in constructing or rehabilitating the Project (or any portion thereof) and (B) any overhead expenses incurred by such affiliate which are directly attributable to the work performed on the Project, and shall not include, for example, intercompany profits resulting from members of an “affiliated group” (within the meaning of Section 1504 of the Code) participating in the rehabilitation or construction of the Project or payments received by such affiliate due to early completion of the Project (or any portion thereof); (ii) the costs are paid with respect to a qualified residential rental project or projects within the meaning of Section 142(d) of the Code, (iii) the costs are paid after the earlier of 60 days prior to May 20, 2021, being the date on which the Governmental Lender first declared its “official intent” to reimburse costs paid with respect to the Project (within the meaning of Section 1.150-2 of the Regulations) or the date of issue of the Funding Loan, and (iv) if the costs of the acquisition and construction or rehabilitation of the Project were previously paid and are to be reimbursed with proceeds of the Funding Loan such costs were (A) “preliminary expenditures” (within the meaning of Section 1.150-2(f)(2) of the Regulations) with respect to the Project (such as architectural, engineering and soil testing services) incurred before commencement of acquisition and construction or rehabilitation of the Project that do not exceed 20% of the issue price of the Funding Loan (as defined in Section 1.148-1 of the Regulations), or (B) were capital expenditures with respect to the Project that are reimbursed no later than 18 months after the later of the date the expenditure was paid or the date the Project is placed in service (but no later than three years after the expenditures is paid); provided, however, that (w) Costs of Funding shall not be deemed to be Qualified Project Costs;(x) fees, charges or profits (including, without limitation, any Developer Fee) payable to the Borrower or a “related person” (within the meaning of Section 144(a)(3) of the Code) shall not be deemed to be Qualified Project Costs; (y) letter of credit fees and municipal bond insurance premiums which represent a transfer of credit risk shall be allocated between Qualified Project Costs and other costs and expenses to be paid from the proceeds of the Funding Loan; and (z) letter of credit fees and municipal bond insurance premiums which do not represent a transfer of credit risk (including, without limitation, letter of credit fees payable to a “related person” to the Borrower) shall not constitute Qualified Project Costs.

  • Sub-project means a specific development project to be carried out by a Beneficiary utilizing the proceeds of a Sub-loan;

  • The Project Site, where applicable, means the place or places named in the SCC.

  • Project area plan means a written plan that, after its effective date, guides and controls the development within a project area.

  • Developed Land means all Developable Land of the Company and its Restricted Subsidiaries which is undergoing active development or is ready for vertical construction.

  • Development Property means a Property currently under development for use as an office or industrial building that has not become a Stabilized Property, or on which the improvements (other than tenant improvements on unoccupied space) related to the development have not been completed, provided that such a Development Property on which all improvements (other than tenant improvements on unoccupied space) related to the development of such Property have been completed for at least twelve (12) months shall cease to constitute a Development Property notwithstanding the fact that such Property has not become a Stabilized Property.

  • Project Completion means the date, as determined by the Division after consultation with the Recipient, that operation of the Project is initiated or is capable of being initiated, whichever comes first.