Pool B Project definition

Pool B Project means any Eligible Project which, when the Borrowing Base is computed at the end of any reporting period, does not meet the definition of a Pool A Project.
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Examples of Pool B Project in a sentence

  • If any Eligible Project does not qualify as a Pool A Project, it shall be classified as a Pool B Project or a Pool C Project based upon the length of time that it has failed to satisfy the applicable criteria for a Pool A Project.

  • In the event Borrowers desires to have Agent and Lender fund the Pool B Funding Amount in two or more separate fundings, then Borrowers shall be required to satisfy all of the aforementioned conditions set forth above and as set forth in Parts A and B of Schedule 2.1 for each separate funding and Agent and Lender shall not be required to fund any amount from the Pool B Funding Amount until said conditions are satisfied with respect to each Pool B Project.

  • Borrowers shall have provided Agent with written notice of the requested release at least thirty (30) days, as to a Pool A Project, or ten (10) days, as to a Pool B Project, prior to the requested closing date which notice may be conditioned on the closing of the sale or refinancing transaction, the proceeds of which are intended to be used by Borrowers to prepay the Loan in accordance with the terms hereof.

  • The Pool B Funding Amount with respect to each Pool B Project shall not exceed the following amounts: as to California Christian in Rosemead, California, $4,950,000; as to Oklahoma Christian in Edmond, Oklahoma, $4,600,000 as to Lenoir in Lenoir, Missouri, $10,150,000, and as to Xxxxxx Xxxxx in Xxxxxxx, Illinois, $5,300,000.

  • In the case of any Eligible Project which otherwise qualifies as a Pool A Project which is subject to a Joint Venture Lease, ALS or an Affiliate shall exercise its rights to buy-out the ownership interests of all other partners or other owning entities in the Joint Venture within six (6) months from the date on which such Eligible Project becomes a Stabilized Facility or the Eligible Project will be classified by the Agent as a Pool B Project.

  • Any Eligible Project to be constructed or under construction must qualify as a Pool A Project when it is added to the Borrowing Base; however, any Completed Facility or Acquisition Project which is completed may be added to the Borrowing Base as either a Pool A Project, a Pool B Project or a Pool C Project.

Related to Pool B Project

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

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

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

  • Project Facility means facility being one or more of the following facilities as specified in the Special Conditions of Contract, being developed in accordance with the Project and the Detailed Project Implementation Report and includes all its buildings, equipment, facilities, software and systems and includes without limitation, where the circumstances so require, any expansion thereof from time to time and may include any new location to be separately mentioned in the Special Conditions of Contract.

  • Existing Project is a Project that has achieved Commercial Operation on or prior to the Execution Date.

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

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.

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

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Generation Interconnection Facilities Study means a Facilities Study related to a Generation Interconnection Request.

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

  • Condominium Project Real estate including the separate ownership in fee, or on a satisfactory leasehold estate, of a particular residential unit with an indivisible interest in the real estate designated for common ownership strictly by unit owners.

  • Building Project means the aggregate combined parcel of land on a portion of which are the improvements of which the Premises form a part, with all the improvements thereon, said improvements being a part of the block and lot for tax purposes which are applicable to the aforesaid land.

  • generating plant means the generating facility described in Schedule 1 as amended from time to time;

  • 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.

  • Large project means, for purposes of the Soft Cost Ratio limitation in Section 3.F, a Project with more than 24 Housing Credit units.

  • Redevelopment project means a specific construction project

  • Infrastructure facility means a building; structure; or networks of buildings, structures, pipes, controls, and equipment, or portion thereof, that provide transportation, utilities, public education, or public safety services. Included are government office buildings; public schools; courthouses; jails; prisons; water treatment plants, distribution systems, and pumping stations; wastewater treatment plants, collection systems, and pumping stations; solid waste disposal plants, incinerators, landfills, and related facilities; public roads and streets; highways; public parking facilities; public transportation systems, terminals, and rolling stock; rail, air, and water port structures, terminals, and equipment.

  • Project site, where applicable, means the place indicated in bidding documents.

  • 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.

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

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

  • Plant Site (Works, Factory) means the local integration of one or more plants, with any intermediate administrative levels, which are under one operational control, and includes common infrastructure, such as:

  • Qualified project means the construction or expansion of any capital project of the Borrower or any of its Restricted Subsidiaries, the aggregate actual or budgeted capital cost of which (in each case, including capital costs expended by the Borrower or any such Restricted Subsidiaries prior to the construction or expansion of such project) exceeds $50,000,000.

  • Mortgaged Premises means any real property which shall now or hereafter be subject to a Notes Mortgage.

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of