Project Percentage Interest definition

Project Percentage Interest means the percentage interest of each Party in the Common Facilities and in the Shared Expenses, as applicable, which percentage interest shall be equal to a fraction, (a) the numerator of which is the total installed nameplate capacity of its Project and (b) the denominator of which is the total installed nameplate capacity of the Projects of all Parties.
Project Percentage Interest means the percentage ownership of a holder of Class A Units in a specific Project determined by dividing (a) the Capital Contribution of such Member to such Project (b) the aggregate Capital Contributions of all Members to such Project.
Project Percentage Interest means the percentage interest of each Party in the Common Facilities and in the Shared Expenses, which percentage interests shall be 50.00% in the case of SPS White River and 50.00% in the case of SPS West.

Examples of Project Percentage Interest in a sentence

  • If Xxxxx and Developer agree to upgrade or make improvements to any Common Facilities for the mutual benefit of each Party’s Project, the Parties shall share, in accordance with its Project Percentage Interest, in the benefits, costs and liabilities of such upgrades and improvements to the Common Facilities so approved by the Parties.

  • So long as SPS West receives an IE Report confirming that the Common Facilities have been constructed in reasonable conformance with the Final Design Documents as provided in Section 3.1(d), SPS West accepts the Common Facilities in their condition existing as of the date of Transfer to SPS West of a Project Percentage Interest therein, and subject to all Laws and all covenants, conditions, reservations, restrictions, easements, liens, encumbrances and other matters affecting the Common Facilities.

  • Atwell East hereby Transfers to Atwell West, effective as of the later of the Construction Start Date of the Atwell West Project or the Effective Date of this Agreement, an Undivided Interest in the amount of Atwell West’s Project Percentage Interest; provided, however, that if such Construction Start Date for the Atwell West Project does not occur by January 1, 2021, then Atwell East shall retain all interest in the Common Facilities and this Agreement shall be of no further force or effect.

  • Each Party hereby confirms such Party’s obligation to share in the periodic payment of Shared Expenses, and agrees, severally but not jointly, to pay such Party’s Project Percentage Interest of the Shared Expenses as and when due and payable.

  • Alpaugh 50 accepts the Common Facilities in their condition existing as of the date of Transfer to Alpaugh 50 of a Project Percentage Interest therein, and subject to all Laws and all covenants, conditions, reservations, restrictions, easements, liens, encumbrances and other matters affecting the Common Facilities.

  • Effective as of the Effective Date and prior to the Transfer contemplated in Section 3.1(a), Alpaugh North grants to Alpaugh 50 the temporary right to utilize any Common Facilities to deliver energy over such Common Facilities in an amount no greater than Alpaugh 50’s Project Percentage Interest, which right shall expire when the Transfer contemplated by Section 3.1(a) is effective.

  • If Stillwater and Developer agree to upgrade or make improvements to any Common Facilities for the mutual benefit of each Party’s Project, the Parties shall share, in accordance with its Project Percentage Interest, in the benefits, costs and liabilities of such upgrades and improvements to the Common Facilities so approved by the Parties.

  • The Applicants will share actual costs pro rata based on their Project Percentage Interest in the common facilities.

  • The Surrendering Party shall remain fully responsible for, and shall pay its Project Percentage Interest of, all Shared Expenses of such Surrendering Party through the effective date of its surrender of its Undivided Interest and all costs, including reasonable attorneys’ fees, incurred by the other Party in obtaining FERC approval of such surrender.

  • Concurrent with such transfer, the Company shall be obligated to contribute to the Owner (through the Project Entity, if applicable) an amount in cash equal to the Company's Project Percentage Interest in the Owner multiplied by the applicable Existing Project Contribution Amount.


More Definitions of Project Percentage Interest

Project Percentage Interest means the percentage interest of each Party in the Common Facilities and in the Shared Expenses, which percentage interests shall be 50.00% in the case of Atwell East and 50.00% in the case of Atwell West.
Project Percentage Interest means the percentage interest of each Party in the Common Facilities and in the Shared Expenses, which percentage interests shall be 28.57% in the case of Alpaugh North and 71.43% in the case of Alpaugh 50.

Related to Project Percentage Interest

  • Class B Percentage Interest As of any date of determination, with respect to the Class B Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class B Certificates on such date, and the denominator of which is the Class Principal Balance of the Class B Regular Interest on such date.

  • Class A Percentage Interest means, as of any date, the percentage determined by dividing the number of Class A Units then held by a holder of Class A Units by the total number of Class A Units then outstanding.

  • Percentage Interest means, with respect to each Note Holder, a fraction, expressed as a percentage, the numerator of which is the Note Principal Balance of the Note held by such Note Holder and the denominator of which is the sum of the Note Principal Balances of all of the Notes.

  • Total Percentage Interest means, with respect to any Partner, the quotient obtained by dividing the number of Units (vested and unvested) then owned by such Partner by the number of Units (vested and unvested) then owned by all Partners.

  • Certificate Percentage Interest means, with respect to a Certificate, the percentage specified on such Certificate as the Certificate Percentage Interest, which percentage represents the beneficial interest of such Certificate in the Trust. The initial Certificate Percentage Interest held by the Depositor shall be 100%.

  • Percentage Interests shall have the meaning specified in the Trust Agreement.

  • Sharing Percentage means, with respect to any Member, a percentage, expressed as a fraction the numerator of which is the number of Units held by such Member and the denominator of which is the aggregate number of Units held by all Members.

  • CAM Percentage means, as to each Lender, a fraction, expressed as a decimal, of which (a) the numerator shall be the aggregate Dollar Equivalent of the Designated Obligations owed to such Lender (whether or not at the time due and payable) immediately prior to the CAM Exchange Date and (b) the denominator shall be the aggregate Dollar Equivalent amount of the Designated Obligations owed to all the Lenders (whether or not at the time due and payable) immediately prior to the CAM Exchange Date.

  • Asset Percentage has the meaning specified in Section 2.05(b)(ii).