Phase 3 Facility definition

Phase 3 Facility has the meaning given to the term “Facility” in the CfD (Phase 3) Agreement;
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Examples of Phase 3 Facility in a sentence

  • Upon such finalization of the Facility Purchase Price, the sale and purchase shall be on reasonable and customary terms, and the Company and Roquette shall cooperate in good faith to consummate the sale of the Phase 2 Facility to the Company, and its subsequent modification into the Phase 3 Facility, as promptly as practicable.

  • If the Company (or alternatively, the Solazyme Directors) again formally request(s) approval of the Board to proceed with the construction of the Phase 3 Facility and the Board again declines to approve such request, the Parties shall in good faith enter into negotiations with the Company to redeploy the Phase 3 Payment for other uses by the Company (i.e., other than to build the Phase 3 Facility).

  • Upon the Board’s request, Roquette shall provide construction siting with wetmill Feedstock access for the Phase 3 Facility at Roquette’s facility in Keokuk, Iowa or another Roquette facility acceptable to the Board upon commercially reasonable terms to be negotiated at the time, including without limitation, with respect to the terms for the purchase or long term lease of the land required for the Phase 3 Facility.

  • Without limiting the generality of the foregoing, the Parties acknowledge that decisions and disputes relating to strategy, investments, research, industrial operations, international expansion, go-to-market models, the selection of the CEO, General Manager or a Key Manager (subject to the terms above) and the build out of the Phase 3 Facility are business disputes.

  • The Phase 3 Payment shall be used to fund the initial engineering and construction costs of the Phase 3 Facility and shall be paid quarterly in advance, commencing upon notice from the Board, as budgeted by the Company and approved by the Board.

  • For the avoidance of doubt, the exercise by the Board of any of its rights under this Section 10.4(a)(iii) shall not change or impact the terms of Section 4.1(a) or Section 5.2. Upon the commencement of manufacturing operations in the Phase 3 Facility, Roquette shall notify the Board in writing of such commencement, at which time Phase 2 shall be deemed terminated and completed.

  • The Board shall determine in its discretion whether it shall undertake construction of the Phase 3 Facility itself or utilize the services of Roquette or a third party for such construction; provided, however, that upon the Board’s request, Roquette shall perform the construction of the Phase 3 Facility on the Board’s behalf on [*] basis.

  • The Company shall be principally responsible for the planning and design of the Phase 3 Facility; provided, however, that Roquette shall provide such planning and design services as the Board may request on [*] basis.

  • Upon the unanimous election of the Board to proceed with construction of the Phase 3 Facility, the Company shall receive the Phase 3 Payment from Roquette as provided in Section 4.1(a)(iv) (or as otherwise provided in the Board resolution) and shall commence construction at a location chosen by the Board.

  • If the Company (or alternatively, the Solazyme Directors) formally request(s) approval of the Board to proceed with the construction of the Phase 3 Facility and the Board declines to approve such request, the Company (or alternatively, the Solazyme Directors) shall have the option to re-request such approval at a later date that shall be at least twelve (12) months after the date of the initial request.

Related to Phase 3 Facility

  • Production facility means a facility in California at which gasoline or CARBOB is produced. Upon request of a producer, the executive officer may designate, as part of the producer's production facility, a physically separate bulk storage facility which (A) is owned or leased by the producer, and (B) is operated by or at the direction of the producer, and (C) is not used to store or distribute gasoline or CARBOB that is not supplied from the production facility.

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Borrower or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • generation facility means a facility for generating electricity or providing ancillary services, other than ancillary services provided by a transmitter or distributor through the operation of a transmission or distribution system, and includes any structures, equipment or other things used for that purpose;

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Phase 1 means the phase of the ATP comprised of: (1) improvements to the State Street Substation; (2) construction of the Proposed Line; (3) the rebuilding of NYSEG’s existing Lines 971 and 000 xxxxx xx Xxxxxxxx Xxxx xx the NYSEG ROW to allow for construction of the Proposed Line as intended; (4) improvements to the Elbridge Substation to accept the Proposed Line; and (5) National Grid’s conveyance to NYSEG of the NYSEG Acquired ROW and such other land interests as contemplated by the Purchase and Sale Agreement.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Public facility means 1 or more of the following:

  • Phase 2 means the phase of the ATP comprised of: (1) improvements to the State Street Substation to receive Rebuilt Line 972; (2) the rebuilding of NYSEG’s existing Line 972 not performed in Phase 1; (3) construction of Relocated Line 15; (4) the construction of Bused Line 5; (5) improvements to the Elbridge Substation to receive Relocated Line 15; and (6) improvements to the Elbridge Substation to receive Bused Line 5.

  • Production Facilities (7 9) means "production equipment" and specially designed software therefor integrated into installations for "development" or for one or more phases of "production".

  • Cogeneration facility means a power plant in which the heat or steam is also used for industrial or commercial heating or cooling purposes and that meets Federal Energy Regulatory Commission standards for qualifying facilities under the Public Utility Regulatory Policies Act of 1978 (16

  • Onshore facility means any facility any part of which is located in, on, or under any land of the state, other than submerged land, that because of its location, could reasonably be expected to cause substantial harm to the environment by discharging oil into or on the navigable waters of the state or the adjoining shorelines.

  • Licensed facility means a facility licensed by the department under section 137 or an adult foster care facility.

  • Tanning facility means any premises, building, or part of a building that contains one or more rooms or booths with any of the following:

  • Test Facility means any WRAS suitably accredited test laboratory;

  • Research facility means buildings and structures, including machinery and equipment, used or to be used primarily for research or experimentation to improve or develop new tangible goods or materials or to improve or develop the production processes thereto.

  • New Facility means a property previously undeveloped which is placed into service by means other than or in conjunction with expansion or modernization.