Examples of Operational Projects in a sentence
Notwithstanding the Lease-Up responsibilities entrusted to PCE in terms of this Article, as and from the Closing Date, PCMP will carry out the property management of the Operational Projects in terms of a Patrimonial Management Agreement in a form and text to be agreed upon between PCMP and the Operational Companies.
In addition, following the Final Price Adjustment Date or the Lease-Up Break-Up Date, as the case may be, PCMP shall also carry out the rental management of the Operational Projects.
The Operational Projects have achieved “Final Completion” (as defined in the BOP Agreement), “Final Project Acceptance” (as defined in the Turbine Supply Agreement) and the “Commercial Operation Date” (as defined in the Interconnection Agreement).
All relevant documents and information relating to the Acquired Companies, the Operational Projects and the Purchased Assets which were provided to Buyers during the due diligence phase are accurate in all respects.
PCMP has not been exposed to any development risks in respect of any of the Operational Projects and/or any of the Excluded Asset at any time prior to the Closing Date.
As of the Closing Date, all Assets owned by the Project Company are sufficient for the Project Company to operate the Operational Projects in accordance with the Material Contracts.
Vendor shall indemnify and hold Buyers' Indemnitees harmless against any Damage resulting from the sale of electricity to the tenants in the Operational Projects without Utilities Licenses, or otherwise in a manner not in compliance with applicable laws and regulations.
The Operational Projects have been (a) constructed and (b) operated and maintained, in each case, substantially in accordance with the Material Contracts and the Governmental Approvals set forth on Schedule 4.2.9. All written agreements, studies and reports entered into or issued by any applicable interconnection or transmission provider in connection with the Projects, are as listed on Schedule 4.2.20.