Project Facility definition

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.

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Project Facility means all tangible or intangible property financed in whole or in part with Tax-Exempt Bonds that are (1) functionally related or integrated in use, (2) located on the same physical site or proximate sites, and (3) expected to be Placed In Service within a one-year period of each other.

Project Facility means one or more facilities or capital projects, including land, building, equipment, or other property, financed in whole or in part with proceeds of an issue of Tax-Exempt Bonds and other sources of funds, if any, pursuant to the same plan of finance.

Examples of Project Facility in a sentence

• Upon receipt of such a report from the Independent Engineer and after conducting its own inspection, if the Authority is of the opinion that the Project Facility is not fit and safe for commercial service, it shall, within 7 (seven) days of receiving the aforesaid report, notify the Concessionaire of the defects and deficiencies in the Project Facilities and direct the Independent Engineer to withhold issuance of the Provisional Certificate or Completion Certificate, as the case may be.

• The Total Taxable Valuation for each Total PILOT Payment shall be calculated such that a graduated abatement factor ("Abatement Factor") shall be applied to the increased assessed valuation attributable to the Improvements made to the Project Facility by the Company, as an Agent of the Agency, for the Project (the "Added Value").

• After the fifteenth PILOT year, the Project Facility shall be subject to full taxation by the affected taxing jurisdictions.

More Definitions of Project Facility

Project Facility means, collectively, the Land, the Facility and the Equipment.

Project Facility means any Financial Indebtedness incurred by a Project Entity for the purpose of financing or refinancing a Project or part of a Project.

Project Facility means any credit facility taken up by the Issuer or any subsidiary of the Issuer owning the Järfälla Skälby Property, the Sanden Properties or the Karlholm Properties, solely to finance a construction on such Pproperty.

Project Facility can refer to any one of them, as the context may require;

Project Facility means the facilities as specified in the Tender document, being developed in accordance with the Project 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. The proposed locations have been mentioned in clause 1.4 for “Scope of Works”.

Project Facility means any senior project financing incurred by a Project Entity from any third party for the purpose of financing or refinancing a Project or part of a Project.

Project Facility means collectively the project assets, equipments, door to door collection, secondary storage, transportation vehicles or anyother facility which are required to be constructed, built, installed, erectedor provided by the Concessionaire on the Project Site in accordance with the Construction Requirements and O&M Requirements.