Examples of Project Participant in a sentence
No Event of Default will occur under this Clause 18.5 if the aggregate amount of Financial Indebtedness or commitment for Financial Indebtedness falling within paragraphs (a) to (d) above is less than: [•] for [insert Major Project Participant, Borrower, Sponsor, or Shareholder] (or its equivalent in any other currency or currencies); or [•] for [insert Major Project Participant, Borrower, Sponsor, or Shareholder] (or its equivalent in any other currency or currencies).
A Major Project Participant repudiates a Transaction Document [or any of the Transaction Security] or evidences an intention to repudiate a Transaction Document [or any of the Transaction Security].
A copy of the up-to-date constitutional documents of each [Major Project Participant].
No E&S Claim has been commenced or is threatened against the Project or (to the best of its knowledge and belief (having made due and careful enquiry)) any Major Project Participant [where that claim would be reasonably likely, if determined against it or (as applicable) the Project or that Major Project Participant, to have a Material Adverse Effect].
Any obligation or obligations of any Major Project Participant under any Finance Document is or are not, or cease to be, legal, valid, binding, enforceable or effective or is or are alleged by a party to it (other than a Finance Party) to be ineffective.