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

  • In such instance, GM shall have thirty (30) Business Days from the date GM becomes aware of such a Project Sale to provide Supplier with notice of termination pursuant to this Section 14.1.

  • Upon a Project Sale (other than a Partial Project Sale), the Borrower agrees to cause any applicable Subsidiary to return any original issued Letter of Credit issued with respect to such Subsidiary to each applicable Issuing Bank for cancellation.

  • In such instance, GM shall have thirty (30) Business Days from the date GM becomes aware of such a Project Sale to provide the LAC Parties with notice of termination pursuant to this Section 14.1.

  • Upon the occurrence of any Project Sale, the Company shall give prompt written notice of such Project Sale to the Preferred Member.

  • The Project Sale Notice shall contain reasonable detail with respect to the proposed Transferee, and Supplier and LAC Parent shall respond to GM’s reasonable requests for additional information regarding the facts, circumstances, terms and conditions of the proposed Project Sale, to enable GM to identify whether the Transferee is a Permitted Party or a Non Permitted Party.

  • The net proceeds of the Pennsylvania Project Sale, to the extent such proceeds are available for Permitted Pennsylvania Project Proceeds Payments, shall be applied first to pay the Discount Payment and the other Permitted Pennsylvania Project Proceeds Payments in full prior to the payment of any other obligations of Partnership, Centaur PA or any Affiliate thereof.

  • Any such new Project Sale Offer shall supersede any prior Project Sale Offer made by BHMF GP with respect to a Sale Project pursuant to the terms of this Section 14.2.

  • In connection with the sale of the Project, BHMF Member and its Affiliates shall be permitted at any time to submit to the Venture improved Project Sale Offers for the Project.

  • Any proceeds remaining after the distribution to the Users in accordance with this Clause 18 shall be distributed among the remaining payments to be made as a result of such Project Sale.

  • In such instance, GM shall have thirty (30) Business Days from the date GM becomes aware of such a Project Sale to provide Supplierthe LAC Parties with notice of termination pursuant to this Section 14.1.


More Definitions of Project Sale

Project Sale means the sale, assignment or other disposition of any Borrower or substantially all of the Assets of any Borrower.
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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, 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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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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