Project Assets definition

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 Assets means all physical and other assets relating to and forming part of the Site including:

Project Assets. Means all physical and other assets relating to and forming part of the Project Land including (a) rights over the Project Land in the form of lease/ license, right of way or otherwise; (b) tangible assets such as civil works and equipment (including tankers); (c) project facilities situated on the Project Land ; (d) all rights of the Lessee to the extent permitted under the Project Agreements; (e) financial assets, such as receivables, security deposits etc.; (f) insurance proceeds; and (g) permits and authorizations relating to or in respect of the Project;

Examples of Project Assets in a sentence

• All Project Assets acquired by or on behalf of the Obligors after the date of execution of the Security Documents (collectively, “After-Acquired Property”) will be subject to the Encumbrances of the Security Documents issued pursuant to Section 7.1, without any further conveyance, mortgage, pledge, charge, assignment or other act on the part of such parties.

• Ensure that all Project Assets will be acquired and owned by the Borrower or the Obligors, as applicable, free and clear of all Encumbrances (other than Permitted Encumbrances) and shall forthwith be made subject to the Encumbrances of the Security Documents at the Borrower’s expense in such manner as the Lender shall reasonably request and will ensure that its assets are not inter-mingled with those of any other Person, including for certainty any Affiliate that is not an Obligor.

• Maintain and, as soon as reasonably practicable, defend and take all action necessary or advisable at any time and from time to time to maintain and defend its legal and beneficial right, title and interest in and to all Project Assets and the priority and enforceability of the Security Documents and the Encumbrances of the Security Documents.

• The Security Documents constitute a valid first priority Encumbrance on all present and after-acquired assets, property and undertaking (both real and personal) of the Obligors (and for greater certainty, includes all Equity Interests and all Project Assets but excludes Excluded Property) in favour of the Collateral Agent for the benefit of the Lender (except for Permits which by their nature are not assignable), subject only to Permitted Encumbrances.

• The Security Documents constitute a valid first priority Encumbrance on all present and after-acquired assets, property and undertaking (both immovable and movable) of the Obligors (and for greater certainty, includes all Equity Interests and all Project Assets but excludes the Excluded Property) in favour of the Collateral Agent for the benefit of the Lender (except for Permits which by their nature are not assignable), subject only to Permitted Encumbrances.

More Definitions of Project Assets

Project Assets means (a) any asset or property of the Parent Guarantor or any Subsidiary relating to the creation or development of a Project or proposed Project of the Parent Guarantor or such Subsidiary, including any assets or property of the Parent Guarantor or such Subsidiary, as applicable, derived from, produced by or related to such Project and (b) any fully paid shares or other Equity Interests in any Subsidiary that are held by the direct parent company of such Subsidiary, provided that (i) such Subsidiary carries on no business other than the business of such Project or proposed Project and (ii) there is no recourse to such direct parent company of such Subsidiary other than to those fully paid shares or other Equity Interests and the rights and proceeds in respect of such shares or Equity Interests.

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, kilometer-stones, [toll plaza(s)], electrical systems, communication systems, rest areas, relief centers, maintenance depots and administrative offices; and (b) Project Facilities situated on the Site;

Project Assets means all properties, assets or other rights, whether real or personal, tangible or intangible, now owned or hereafter acquired by or for the benefit of the Company or any of its Subsidiaries, which are used or intended for use in or forming part of the Xxxxxxxx Project.

Project Assets means all tangible and intangible assets relating to the Project / Project Facility.

Project Assets all assets required to undertake the Project, including the Business Assets and the Capital Investment Assets, any books and records, any spare parts and tools, as well as the Intellectual Property pertaining to the Business, but excluding all cash and cash equivalents;

Project Assets means all physical and other assets relating to and forming part of the Project including (a) rights over the Sites and Secondary Collection Points in the form of lease and/ or license rights (as applicable), Right of Way or otherwise; (b) tangible assets such as civil works and equipment including but not limited to foundations, buildings, grievance redressal centre, Processing Facility, electrical systems, communication systems, transport vehicles, Designated Bins, ICT infrastructure and administrative office; (c) Project Facilities situated on the Sites and Secondary Collection Points; (d) all rights of the Concessionaire under the Project Agreements; (e) financial assets, such as receivables, security deposits etc.; (f) insurance proceeds; and (g) Applicable Approvals and authorizations relating to or in respect of the Project;

Project Assets means, collectively, (i) the Closing Assets and (ii) the Post-Closing Project Assets.