Project Abandonment definition

Project Abandonment means the failure by the Nonprofit Entity to commence construction of the Project within three years of the execution of this Agreement, where no agreement exists between the Board and the Public Entity to extend such deadline. Commence construction shall mean the entering into of a contract with a general contractor for the Project and commencement of material work on the Project.
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Project Abandonment means (i) the failure by the Public Entity to commence construction of the Project within three years of the execution of this Agreement, where no agreement exists between the Board and the Public Entity to extend such deadline, or (ii) any sale by the Public Entity of a material
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Project Abandonment. If this Contract has been terminated prior to Firm Operation, Seller shall bear all costs associated with Nevada's Facilities that were incurred by Nevada prior to Contract termination plus all removal and/or abandonment costs Incurred by Nevada subsequent to contract termination. Seller's cost for the design, construction, and removal and/or abandonment of Nevada's Facilities shall be adjusted to Nevada's actual cost not of salvage value after Nevada's removal and/or abandonment efforts have been completed. If Seller's construction deposits exceed Nevada's actual cost, Nevada shall refund the excess deposits to Seller within sixty (60) days of the completion of Nevada's efforts. If Nevada's actual cost exceeded Seller's construction deposits, Nevada shall render a bill to Seller for the excess cost.
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Examples of Project Abandonment in a sentence

  • XXXX shall decommission the Project and remove Project Facilities in compliance with the Development Agreement within twelve (12) months from the date of Project Abandonment and restore the Premises to as close to pre-construction conditions as reasonably practical.

  • Additionally, and not by way of limitation, failure to sign all the required program documents within thirty(30) days of the final inspection of the Eligible Improvements will constitute Project Abandonment.

  • The Property Owner understands and hereby acknowledges that in the event that the Property Owner begins the installation of the Qualifying Improvements and subsequently decides not to complete such Qualifying Improvements in compliance with the Program rules and this Agreement (a “Project Abandonment”), the Authority may be obligated to pay the Authority’s expenses incurred prior to Project Abandonment.

  • To the extent the District incurs such expenses (the “Abandonment Payment”), the Property Owner hereby freely and willingly agrees to pay a non-completion assessment (the “Non-Completion Assessment,” which, in the case of a Project Abandonment, will be treated the same as, and may also be referred to as, a “Final Assessment”).

  • If a wind turbine generates the Minimum Generation at any time during that twelve (12) consecutive months, it shall not be subject to a Project Abandonment Notice.

  • In the event the Board seeks to declare an event of Project Abandonment, the Board shall provide the Public Entity and the Nonprofit Entity with a notice of default in accordance with Section 6.1 stating its intent to deem the Contributions property of the Board and to terminate this Agreement in accordance with Section 6.1 herein.

  • This provision specifically applies to but is not limited to Paragraph 4, Project Abandonment, Delays, etc.

  • Upon Project Abandonment, the Property Owner agrees that the Lender will record a Notice of Assessment that will set forth the amount of the Abandonment Payment, the total principal amount of the Non-Completion Assessment, the annual payment schedule for the Non-Completion Assessment (the “Annual Non-Completion Assessment Schedule”) and the interest rate calculated as of the date of execution of the Addendum (the “Non-Completion Interest Rate”).

  • In the event of a declaration of Project Abandonment by the Board, if the Public Entity or the Nonprofit Entity has been unable to satisfy the conditions set forth in Section 4.3 above and in Exhibit D to the satisfaction of the Board, in the event the Public Entity or the Nonprofit Entity shall notify the Board of an event of Project Abandonment, or upon an event of default under Section 6.1, any Contributions received shall become the property of the Board and this Agreement shall be terminated.

  • To the extent the Authority and/or the Lender incurs such expenses (the “Abandonment Payment”), the Property Owner hereby freely and willingly agrees to pay a non-completion assessment (the “Non-Completion Assessment,” which, in the case of a Project Abandonment, will be treated the same as, and may also be referred to as, a “Final Assessment”).

Related to Project Abandonment

  • construction work permit means a document issued in terms of regulation 3; "contractor" means an employer who performs construction work;

  • Project Improvements means site improvements and facilities that are:

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

  • Project Assets means all physical and other assets relating to (a) tangible assets such as civil works and equipment including foundations, embankments, pavements, road surface, interchanges, bridges, culverts, road over-bridges, drainage works, traffic signals, sign boards, kilometre-stones, [toll plaza(s)], electrical systems, communication systems, rest areas, relief centres, maintenance depots and administrative offices; and (b) Project Facilities situated on the Site;

  • Project Water means water made available for delivery to the contractors by project conservation facilities and the transportation facilities included in the System.

  • Project Completion means the date, as determined by the Division after consultation with the Recipient, that operation of the Project is initiated or is capable of being initiated, whichever comes first.

  • Project Work means the work required to complete the Project.

  • Project Common Areas as used in this Lease, shall mean the portion of the Project designated as such in the Site Plan. The Project Common Areas shall consist of all parking facilities, entrances and exits, driveways, exterior walkways, first-class landscaped and hardscaped areas which are generally consistent with the quality of landscaped and hardscaped areas of Comparable Buildings in existence as of the date of this Lease, open space areas and plazas on the real property comprising the Project. The term "BUILDING COMMON AREAS," as used in this Lease, shall mean the portions of the Common Areas located within any building in the Project not entirely leased by Tenant, which Building Common Areas shall be reasonably designated as such by Landlord. Notwithstanding the foregoing and subject to (i) Landlord's approval, which approval (as indicated in Section 29.4 below) shall not be unreasonably withheld or delayed, (ii) the CC&R's, and (iii) all terms of this Lease regarding Hazardous Materials, Tenant may install or locate such items as benches, patio tables, bike racks, above-ground generators, security cameras and the like (collectively, "MISCELLANEOUS COMMON AREA ITEMS") at Tenant's sole cost in the Common Areas or on the exterior of the Building, as applicable, provided that Tenant removes such items upon the expiration or earlier termination of this Lease and repairs any damage to the Common Areas or the exterior of the Building (as applicable) resulting from such removal. If Tenant fails to remove any Miscellaneous Common Area Item or to repair any damage resulting from such removal upon the expiration or earlier termination of this Lease, Landlord may do so and may charge Landlord's actual cost thereof to Tenant. The manner in which the Common Areas are maintained and operated shall be in accordance with a standard which is not less than that customarily followed in the operation and maintenance of first class mid-rise office buildings located within the University Towne Center (i.e., the area from two (2) blocks to the North of La Jolla Village Drive to two (2) blocks to the South of La Jolla Village Drive between the I-5 and I-805 freeways), Del Mar, Carmel Valley and Torrey Hills geographical areas, provided that Landlord shall manage, maintain and operate the same in a manner consistent with that of Comparable Buildings, and the use thereof shall be subject to such rules and regulations as Landlord reasonably may make from time to time. As used herein, "COMPARABLE BUILDINGS" shall mean the first class mid-rise office buildings (now existing or subsequently constructed) within the projects located within the University Towne Center, Del Mar, Carmel Valley and Torrey Hills geographical areas and having substantially similar characteristics to the Building pertaining to size, age, accessibility, design, quality, amenities and tenancies. Landlord reserves the right to make alterations or additions to, or to change the location of, elements of the Project and the Common Areas, provided that if any such changes might affect Tenant's use of the Premises (in other than an immaterial manner), Landlord obtains Tenant's prior written approval of any such alterations, additions and changes and such alterations, additions and changes do not unreasonably interfere with Tenant's access to the Premises. Except when and where Tenant's right of access is specifically excluded in this Lease, Tenant shall have the right of access to the Building and the parking facilities twenty-four (24) hours per day, seven (7) days per week during the Lease Term. PEREGRINE SYSTEMS CORPORATE CENTER [Peregrine Systems]

  • Substitute Improvements means the substitute or additional improvements of the Issuer described in Article V hereof.

  • demolition work means a method to dismantle, wreck, break, pull down or knock down of a structure or part thereof by way of manual labour, machinery, or the use of explosives;

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

  • Project area budget means a multiyear projection of annual or cumulative

  • 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 Commissioning means the Project will be considered as commissioned if all equipment as per rated project capacity has been installed and energy has flown into grid, in line with the Commissioning procedures defined in the RfS/PPA.

  • Development Property means a Property currently under development for use as an office or industrial building that has not become a Stabilized Property, or on which the improvements (other than tenant improvements on unoccupied space) related to the development have not been completed, provided that such a Development Property on which all improvements (other than tenant improvements on unoccupied space) related to the development of such Property have been completed for at least twelve (12) months shall cease to constitute a Development Property notwithstanding the fact that such Property has not become a Stabilized Property.

  • Renovation means altering a facility or one or more facility components in any way, including the stripping or removal of RACM from a facility component. Operations in which load-supporting structural members are wrecked or taken out are demolitions.

  • Redevelopment Property means a property owned by the Company or a Consolidated Subsidiary (a) where the commenced leased square footage is less than 60% of the sum of net rentable square feet and redevelopment space, with reasonable adjustments to leased square footage determined in good faith by the Company, including adjustments for available power, required support space and common area and (b) that the Company reasonably characterizes as held in whole or in part for redevelopment.

  • Major project means a project comprising of a series of works, activities or services which is intended, in itself, to accomplish a definite and indivisible task of a precise economic or technical nature, which has clearly identified goals and whose total cost exceeds that which is specified in the Framework Agreement;

  • Demolition means the wrecking or taking out of any load-supporting structural member of a facility together with any related handling operations or the intentional burning of any facility.

  • Infrastructure Improvements means a street, road, sidewalk, parking facility, pedestrian mall, alley, bridge, sewer, sewage treatment plant, property designed to reduce, eliminate, or prevent the spread of identified soil or groundwater contamination, drainage system, waterway, waterline, water storage facility, rail line, utility line or pipeline, transit-oriented development, transit-oriented property, or other similar or related structure or improvement, together with necessary easements for the structure or improvement, owned or used by a public agency or functionally connected to similar or supporting property owned or used by a public agency, or designed and dedicated to use by, for the benefit of, or for the protection of the health, welfare, or safety of the public generally, whether or not used by a single business entity, provided that any road, street, or bridge shall be continuously open to public access and that other property shall be located in public easements or rights-of-way and sized to accommodate reasonably foreseeable development of eligible property in adjoining areas. Infrastructure improvements also include 1 or more of the following whether publicly or privately owned or operated or located on public or private property:

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

  • Project Area means land or lands located within the incentive

  • Site Improvements means any construction work on, or improvement to, streets, roads, parking facilities, sidewalks, drainage structures and utilities.

  • Demolition works means any physical activity to tear down or break up a structure (or part thereof) or surface, or the like, and includes the loading of demolition waste and the unloading of plant or machinery.

  • Infrastructure improvement means permanent infrastructure that is essential for the public health and safety or that:

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.