Project Finance definition

Project Finance means any Financial Indebtedness to finance the ownership, acquisition, development, operation and/or maintenance of any asset or business (a “Project”) and incurred by an Obligor in respect of which the person or person to whom any such Financial Indebtedness is, or may be, owed has or have no recourse to any member of the Group for the repayment thereof other than:

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Project Finance means a mechanism for financing a project where, ordinarily, the bulk of such financing is by way of debt finance (which is repaid principally out of the revenues produced by the Project) and not by way of equity capital;

Project Finance means any financing arrangement (i) for the provision of funds which are to be used exclusively to finance a particular project for the acquisition, construction, development or exploitation of any property or project; and (ii) under which the creditors under such financing arrangement have agreed to limit, as a principal source of repayment, their recourse only to the assets and revenues of, and quota(s) or shares issued by, the Project Company implementing such project;

Examples of Project Finance in a sentence

• Interconnection Customer may, without the consent of the Transmission Provider or the Interconnected Transmission Owner, assign the Interconnection Service Agreement to any Project Finance Entity(ies), provided that such assignment does not alter or diminish Interconnection Customer’s duties and obligations under this Interconnection Service Agreement.

• If Interconnection Customer provides the Interconnected Transmission Owner with notice of an assignment to any Project Finance Entity(ies) and identifies such Project Finance Entities as contacts for notice purposes pursuant to Section 20 of this Appendix 2, the Transmission Provider or Interconnected Transmission Owner shall provide notice and reasonable opportunity for such entity(ies) to cure any Breach under this Appendix 2 in accordance with this Appendix 2.

• Interconnection Customer may, without the consent of the Transmission Provider or the Interconnected Transmission Owner, assign the Interconnection Construction Service Agreement to any Project Finance Entity(ies), provided that such assignment shall not alter or diminish Interconnection Customer’s duties and obligations under this Interconnection Construction Service Agreement.

• Upon presentation of the Transmission Provider and/or Transmission Owner’s invoice therefor, Wholesale Market Participant shall pay the Transmission Provider and/or the Transmission Owner’s reasonable documented cost of providing such documents and certificates as requested by such Project Finance Entity(ies).

• Project Developer may, without the consent of the Transmission Provider or the Transmission Owner, assign the Generation Interconnection Agreement to any Project Finance Entity(ies), provided that such assignment does not alter or diminish Project Developer’s duties and obligations under this Generation Interconnection Agreement.

More Definitions of Project Finance

Project Finance. Plan shall mean the plan for financing of the costs of the Project set forth in Exhibit J to the Agency Lease.

Project Finance means a loan from the Department of Energy or third-party lender sufficient to pay for and/or reimburse Seller for construction and initial operations costs and expenses associated with the Makushin Geothermal Project.

Project Finance means debt financing non-recourse to the Shareholders provided to the Company by one or more reputable financial institutions which will allow the Company to draw down up to such amount as provided for in the initial Business Plan in order to finance the construction of the System.

Project Finance means any Financial Indebtedness to finance the ownership, acquisition, development, operation and/or maintenance of any asset or business (a “ Project”) and incurred by an Obligor in respect of which the person or person to whom any such Financial Indebtedness is, or may be, owed has or have no recourse to any member of the Group for the repayment thereof other than:

Project Finance means any asset which has an Asset Type Code beginning with “PF” on the S&P Industry Classifications set forth in Schedule 2 hereto. ** Solely for the purpose of determining the S&P Recovery Rate for such loan, the Aggregate Principal Balance of all First-Lien Last-Out Loans, Unsecured Loans and Second Lien Loans that, in the aggregate, represent up to 15 % of the Collateral Principal Amount shall have the S&P Recovery Rate specified for First-Lien Last-Out Loans, Unsecured Loans and Second Lien Loans in the table above and the Aggregate Principal Balance of all First-Lien Last-Out Loans, Unsecured Loans and Second Lien Loans in excess of 15% of the Collateral Principal Amount shall have the S&P Recovery Rate specified for subordinated loans in the table above.

Project Finance means the method of funding in which the lender looks primarily to the revenues generated by a single project, both as the source of repayment and as security for the loan. This type of financing is usually for large, complex and expensive installations such as power plants, chemical processing plants, mines, transportation infrastructure, environment, media, and telecoms. Project finance may take the form of financing the construction of a new capital installation, or refinancing of an existing installation, with or without improvements.

Project Finance. : means long-term financing provided to a current or future member of the Group established solely for the purpose of developing projects (whether directly or indirectly through equity interest in the share capital of other companies), without recourse of any kind (including, but not limited to, personal guarantees, comfort letters, obligations to make contributions or any other with equivalent economic content) to any