Principal Project Party definition

Principal Project Party means any Person (other than the Borrower) party to a Principal Project Contract.

Principal Project Party means any Person (other than the Borrower) party to a Principal Project Contract and any surety or guarantor of such a Person with respect to such Person’s obligations under such Principal Project Contract, for so long as such Principal Project Contract remains in effect.

Principal Project Party means the Construction Contractor and any other Person (other than a Borrower Related Party and the FTA) party to a Principal Project Contract.

Examples of Principal Project Party in a sentence

• No event has occurred that gives the Borrower or, to the Borrower’s knowledge, any Principal Project Party, the right to terminate any Principal Project Contract.

• The Borrower and, to the Borrower’s knowledge, each Principal Project Party related to the Project, is in compliance with all Environmental Laws to the extent related to the Project.

• To the Borrower’s knowledge, each Principal Project Party related to the Project is, and has caused its respective contractors and subcontractors to be, in compliance in all material respects with all applicable laws in respect of the Project, including those set forth on Exhibit G to the Master Credit Agreement, to the extent applicable, and those set forth in the FTA Master Agreement that flow down to third-party contractors.

• No event has occurred that gives the Borrower or, to the Borrower’s knowledge, any Principal Project Party, the right to terminate any such Principal Project Contract.

• To the Borrower’s knowledge, each Principal Project Party is, and has caused its respective contractors and subcontractors to be, in compliance in all material respects with all applicable laws, including those set forth on Exhibit E, to the extent applicable.

More Definitions of Principal Project Party

Principal Project Party means any Person (other than the Borrower) party to a Principal Project Contract and any surety or guarantor of such a Person with respect to such Person’s obligations under such Principal Project Contract, for so long as such Principal Project Contract remains a Principal Project Contract under this Agreement.

Principal Project Party means any Person (other than the City) party to a Principal Project Contract.

Principal Project Party shall not include any surety or guarantor of a Principal Project Party), except for matters arising after the Effective Date that could not reasonably be expected to result in a Material Adverse Effect. The Borrower is not in default (and no event has occurred and is continuing which with the giving of notice or the passage of time or both could constitute a default) with respect to any Governmental Approval, which default could reasonably be expected to result in a Material Adverse Effect. Notwithstanding the foregoing, solely for the purposes of the representation and warranty made on the Effective Date, the records from a public meeting of the Borrower’s board of directors and notice of shoreline permit appeal disclosed in Schedule 13(f) hereto shall not constitute a misrepresentation of this Section 13(f).

Principal Project Party shall not include any surety or guarantor of a Principal Project Party) (i) is in violation of: (A) any applicable anti-money laundering laws, including those contained in the Bank Secrecy Act of 1970, as amended, and the regulations promulgated thereunder; (B) any applicable economic sanction laws administered by OFAC or by the United States Department of State; or (C) any applicable anti-drug trafficking, anti-terrorism, or anti-corruption laws, civil or criminal; or (ii) is a Person (1) that is charged with, or has reason to believe that he, she or it is under investigation for, any violation of any such laws; (2) that has been convicted of any violation of, has been subject to civil penalties pursuant to, or had any of its property seized or forfeited under any such laws; (3) that is named on the list of “Special Designated Nationals or Blocked Persons” maintained by OFAC (or any successor United States government office or list), or any similar list maintained by the United States Department of State (or any successor United States government office or list); (4) with whom any United States Person, any entity organized under the laws of the United States or its constituent states or territories, or any entity, regardless of where organized, having its principal place of business within the United States or any of its territories, is prohibited from transacting business of the type contemplated by this Agreement and the other Related Documents under NYDOCS01/1680937.11680937.3 51 any other applicable law; (5) that is owned, Controlled by, or affiliated with any Person identified in clause (1), (2), (3) or (4) of this clause (ii); or (6) that is in violation of any obligation to maintain appropriate internal controls as required by the governing laws of the jurisdiction of such Person as are necessary to ensure compliance with the economic sanctions, laundering and anti-corruption laws of the United States and the jurisdiction where the Person resides, is domiciled or has its principal place of business.

Principal Project Party means, with respect to any Funded MCA Project, any Person (other than the Borrower) party to a Principal Project Contract related to such Funded MCA Project.

Principal Project Party means any Person (other than the Borrower) party to a Principal Project Contract for so long as such Principal Project Contract (or any provision thereof) remains in effect or such entity remains the contracting party thereunder.

Principal Project Party means: (a) the Borrower; and (b) each Major Project Party.