Pre-Completion Revenues definition

Pre-Completion Revenues means all cash flows, revenues and other amounts received by the Controlled Company Parties prior to the Project Completion Date pursuant to any Customer Agreement.

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Pre-Completion Revenues has the meaning given in Section 8.5(a)(iii) (Sale of Pre-Completion Quantities).

Pre-Completion Revenues means the Services Division Operating Companies’ Revenues recognised in the 12 month period ending on the Completion Date (excluding revenues recognized related to the Access Fee and research and development tax credits), stated in the Pre-Completion Revenue Statement;

Examples of Pre-Completion Revenues in a sentence

Proceeds of any such disposition by the Borrower pursuant to this Section 12.17 (Sale of Project Property) shall be deposited in the Pre-Completion Revenues Account or the Revenue Account; provided that proceeds of any disposition of assets requiring mandatory prepayment under Section 3.4 (Mandatory Prepayments) shall be deposited into the Additional Proceeds Prepayment Account.
Proceeds of any such disposition by the Borrower pursuant to this Section 12.17 (Sale of Project Property) shall be deposited in the Phase 1 Pre-Completion Revenues Account, the Phase 2 Pre-Completion Revenues Account or the Revenue Account; provided that proceeds of any disposition of assets requiring mandatory prepayment under Section 3.4 (Mandatory Prepayments) shall be deposited into the Additional Proceeds Prepayment Account.
The Borrower reasonably believes that the Facility Debt Commitments and funds on deposit in the Construction Account, Contingency Reserve Account, the Phase 1 Pre-Completion Revenues Account, the Phase 2 Pre- Completion Revenues Account and the Permitted Finance Costs Reserve Account shall be sufficient to achieve the Project Phase 1 Completion Date by the Phase 1 LNG Facility Date Certain and the Project Phase 2 Completion Date by the Phase 2 LNG Facility Date Certain.
On the Project Phase 1 Completion Date, amounts on deposit in the Phase 1 Pre- Completion Revenues Account shall be transferred to the Phase 2 Pre-Completion Revenues Account pursuant to Section 4.5(b)(iii) (Deposits and Withdrawals – Phase 1 Pre-Completion Revenues Account) of the Common Security and Account Agreement.
In such circumstances the repayment of the Note Funds by the Promisor shall not be conditional upon the Company having generated Post-Completion Revenues of an amount being not less than 75% of the Pre-Completion Revenues generated by the Company.
In addition, the Company shall be permitted to, from time to time, transfer amounts on deposit in the Pre-Completion Revenues Account to the Operating Account to the extent necessary to pay due and payable Operating Costs.
Subject to the provisions of Section 10.1 and the Company Collateral Account Agreement, on each Advance Date, funds shall be withdrawn from the Pre-Completion Revenues Account to the extent set forth in Section 2.9 and deposited in the Collection Account for further transfer to the Disbursement Account and application to the payment of Project Costs.
The Pre-Completion Revenues Account shall be subject to the sole control of the Disbursement Agent.
To the extent that Working Capital Advances are applied prior to the Second Completion Date to the payment of Operating Expenses associated with either Development Project, Pre-Completion Revenues received by such Development Project shall be used to repay, to the extent of such Pre-Completion Revenues received, any outstanding Working Capital Advances pursuant to Sections 4.01(d) and 4.02 of the Depositary Agreement.
There shall be deposited in the Pre-Completion Revenues Account all amounts which the Company is required to withdraw from the Operating Account pursuant to Section 2.3.12.

More Definitions of Pre-Completion Revenues

Pre-Completion Revenues means with respect to any Development Project, Project Revenues earned by (or allocable to) such Development Project, prior to Project Completion thereof.

Pre-Completion Revenues means aggregated Revenues generated by the Company during the Pre-Completion Period;

Pre-Completion Revenues has the meaning given in Schedule A of the A&R CSAA.

Pre-Completion Revenues means any revenues received by the Borrower prior to the earlier of the Project Completion Date and the First Payment Date.