Project Sale definition

Project Sale means the sale, lease (other than leases of space in a Project) or other disposition (including, without limitation, any sale and leaseback transaction) to any Person (other than to an Affiliate of the affected Borrower) of:
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Project Sale means the Disposition of all or any portion of the Equity Interests owned, directly or indirectly, by the Borrower in any Subsidiary of the Borrower, or the sale of all or substantially all of the assets of any such Subsidiary (excluding any such Disposition in connection with a Permitted Tax Equity Arrangement); provided, however, that any restructuring transaction or series of restructuring transactions involving a Disposition of all or any portion of the Equity Interests owned, directly or indirectly, by the Borrower in any Subsidiary of the Borrower pursuant to transaction documentation acceptable to the Required Lenders that does not, following the consummation of such transactions, result in a change to the Borrower’s ownership interest on a fully diluted basis of the aggregate voting and economic interests in such Subsidiary shall not constitute a “Project Sale.”
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Project Sale means the Disposition of all or any portion of the Equity Interests owned, directly or indirectly, by the Borrower in any Subsidiary of the Borrower, or the sale of all or substantially all of the assets of any such Subsidiary (excluding (a) any such Disposition in connection with a Permitted Tax Equity Arrangement and (b) any such Disposition to the Borrower or any wholly-owned Subsidiary of the Borrower); provided, however, that any restructuring transaction or series of restructuring transactions involving a Disposition of all or any portion of the Equity Interests owned, directly or indirectly, by the Borrower in any Subsidiary of the Borrower pursuant to transaction documentation acceptable to the Required Lenders that does not, following the consummation of such transactions, result in a change to the Borrower’s ownership interest on a fully diluted basis of the aggregate voting and economic interests in such Subsidiary shall not constitute a “Project Sale.”
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Examples of Project Sale in a sentence

  • Upon the occurrence of a Project Sale, the entire proceeds from the Project Sale shall be distributed to the Users pro-rate their inter-se holding of the Digital Solar Capacity in the Project, in preference to any other payments to be made as a result of such Project Sale.


More Definitions of Project Sale

Project Sale means any sale or other transfer, or series of related sales or transfers, to any Person, other than (a) El Paso or any Affiliate of El Paso other than any such Affiliate with respect to which all or substantially all of the economic benefit interest is held by a Person other than El Paso and its consolidated subsidiaries, or (b) or Enron, of
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Project Sale means each of the projects sold by the Company and any Company Subsidiary as described further in Schedule 1.01(d).
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Project Sale means, the sale of any Project owned and operated by SundayGrids, except where such sale is been made pursuant to a Liquidation Event.
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Related to Project Sale

  • Project Start Date means the first Milestone Start Date specified in Schedule B;

  • Project Completion means the date, as determined by the Division after consultation with the Recipient, that operation of the Project is initiated or is capable of being initiated, whichever comes first.

  • Project Services means architectural, engineering services, land surveying, construction management at-risk services, ancillary technical services or other construction-related services determined by the board to be required by the project.

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • 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 Staff means the personnel of Contractor and Subcontractors who provide the Work.

  • Site / Work place means the lands and other spaces above & below the ground level on which the works are to be carried out, any other lands or places provided by the Owner for the purpose of the Contract.

  • Project Sponsor and “Sponsor” means an Applicant/Co-Applicants who receives a Carryover Allocation of Tax Credits and any other person who acquires an ownership interest in any owner of a project which has received a Carryover Allocation of Tax Credits from the Division.

  • Project Scope means the description or activity of work to be accomplished on the project.

  • Pilot project means an innovative environmental project that covers one or more designated facilities, designed and implemented in the form of an EMSA. (See Section 52.3 of the Act.)

  • Project Proposal has the meaning set forth in Section 2.2(b).

  • Project area budget means a multiyear projection of annual or cumulative

  • Construction Activities means the disturbance of soils associated with clearing, grading, excavation activities or other construction-related activities.

  • Proposed Project SCHEDULE: (edit schedule below as appropriate) Project Event Completion Date Pre-bid Meeting Questions Due Proposals Due Begin Work Programming Phase Permitting Phase Schematic Design Phase Design Development Phase Construction Documents Phase Bidding or Negotiation Phase Construction Administration 1-Year Warranty

  • New Project means (a) each facility which is either a new facility, branch or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

  • Major project means a project comprising of a series of works, activities or services which is intended, in itself, to accomplish a definite and indivisible task of a precise economic or technical nature, which has clearly identified goals and whose total cost exceeds that which is specified in the Framework Agreement;

  • Project Coordination Unit or “PCU” means the unit to be established by the Borrower in accordance with Article 6.01 (g) of this Agreement and whose responsibilities are set out in Part A.3 of Schedule 4 to this Agreement;

  • Development Work means the conduct of preclinical and clinical trials, the compilation of the regulatory dossier concerning Licensed Products and the conduct of other work necessary or useful for obtaining Regulatory Approval of Licensed Products.

  • Project Work means construction work performed in the construction of a Covered Project.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Initial Budget has the meaning set forth in Section 7.06(a).

  • Projects means the projects identified in Exhibit A to the Agreement and all other projects, any costs of which are included in a Transitional Capital Plan pursuant to the Act or are Recovery Costs, and financed, by payment or reimbursement, with the proceeds of Bonds or Notes.

  • Major renovation means the renovation of a building where:

  • Project Implementation Unit or “PIU” means the implementation unit for the Project referred to in Section I.A.1 of Schedule 2 to this Agreement.

  • Development Project means a project for the development of land within a project area.