Project SPV definition

Project SPV or “Concessionaire” means the “special purpose vehicle”, organized by the Preferred Bidder for the Project, pursuant to the Nigerian Companies and Allied Matters Act, 2020 ("CAMA 2020"), and complying with other relevant regulatory requirements, that shall sign, assume and accede to all the rights and obligations of the Preferred Bidder under the Concession Agreement.
Project SPV means a Subsidiary of Soluna BC formed or acquired for the purpose of owning and constructing any portion of the Project.
Project SPV has the meaning set out in clause 6.2(a);

Examples of Project SPV in a sentence

  • Thereafter after expiry of 2nd anniversary, the Selected Bidder shall hold at least 26% (twenty six per cent) in the Project SPV until the 5th anniversary of COD.

  • Thereafter, upon expiry of 2nd anniversary of the COD the Lead Member shall continue to hold at least 26% (twenty six per cent) of the subscribed and paid up equity share capital of the Project SPV until 5 th anniversary of COD.

  • Thereafter, the Consortium through its Lead Member shall hold at least 26% (twenty six percent) of the subscribed and paid up equity share capital of the Project SPV until 5th anniversary of COD.

  • In the event, the Project SPV fails to achieve financial closure as required herein, MSEDCL shall have the right to encash the PBG, unless the delay is on account of factors not owing to the action or inaction on the part of the Project SPV, or is caused due to a Force Majeure in terms of the PPA.

  • If the injection is likely to cause any such grid disturbance, the Project SPV will have to forego the excess generation and reduce output to rated capacity to ensure compliance with grid requirement.

  • The Project SPV shall maintain harmonics levels as specified in IEEE 519.

  • However, this compensation shall not be applicable in events of Force Majeure identified under PPA affecting supply of solar power by the Project SPV.

  • MSEDCL shall inform the Project SPV for procurement of excess power within 15 (fifteen) days of receiving a written intimation from the Project SPV for such excess generation, provided that such written intimation by the Project SPV shall be received by MSEDCL at least 30 (thirty) days prior to the end of a Contract Year.

  • Project SPV shall not be in default for non-supply of power during such period of repowering.

  • If in case MSEDCL fails to reply to the Project SPV within the above stipulated time period of 15 (fifteen) days, then Project SPV shall be free to sell it to any third party.


More Definitions of Project SPV

Project SPV means either (i) the Successful Bidder itself, in case the Project is being implemented directly by a Successful Bidder that is a Company; or (ii) a Company established by the Successful Bidder for executing the Project, as the context may require.
Project SPV means a Company established by the Successful Bidder for executing the Project as the context may require.
Project SPV means a Subsidiary of HEL formed or acquired for the purpose of owning, financing and/or constructing any portion of the Project; for further certainty, it is understood and agreed that any entity that acts as the “developer” of the Project and is intended to be the recipient of any development fee, profit participation “promote” or similar amount payable to the developer of the Project shall not be a Project SPV for the purposes of this Agreement.
Project SPV means the SPV to be incorporated by the Selected Bidder for implementing the Project.

Related to Project SPV

  • 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 Subsidiary means any Subsidiary of the Company held for the purpose of holding, leasing, developing, constructing or acquiring energy generating, transmission or distribution assets, or assets related thereto, or any other power or energy facility or any assets related thereto, and any Subsidiary of the Company whose assets consist primarily of equity interests in one or more other Project Subsidiaries; provided that a Subsidiary will cease to be a Project Subsidiary if it Guarantees any Indebtedness of the Company other than obligations of the Company related to Project Debt of one or more Project Subsidiaries.

  • 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 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 Owner means the legal entity that ultimately owns the Project and to which Tax Credits will be allocated.

  • Project Specific IPRs means: (a) IPRs in the Services provided by the Supplier (or by a third party on behalf of the Supplier) specifically for the purposes of the Contract and all updates and amendments of these items created during the Contract Period; and/or (b) IPRs arising as a result of the provision of the Services by the Supplier (or by a third party on behalf of the Supplier) under the Contract, [including the rights in or to any database developed and supplied by the Supplier to the Customer in accordance with the terms of this Contract;

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Project Land means any parcel or parcels of land on which the project is developed and constructed by a promoter;

  • Project Company means Company incorporated by the bidder as per Indian Laws in accordance with Clause no 3.5.

  • Solar PV Project means the solar Photo Voltaic Power project that uses sunlight for direct conversion into electricity through Photo Voltaic technology.

  • Project IPR means all Intellectual Property Rights that arise or are obtained or developed by either party, or by a contractor on behalf of either party, in respect of the Deliverables in the course of or in connection with the Project;

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

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

  • Project Coordination Unit or “PCU” means the unit referred to in Section I.1 of Schedule 4 to this Agreement;

  • Project Work means the work required to complete the Project.

  • Project Area means land or lands located within the incentive

  • Property Owner means any person shown as the owner of land on the last equalized assessment roll or otherwise known to be the owner of land by the city council. “Business owner” means any person recognized by the city as the owner of the business. “Owner” means either a business owner or a property owner. The city council has no obligation to obtain other information as to the ownership of land or businesses, and its determination of ownership shall be final and conclusive for the purposes of this part. Wherever this part requires the signature of the property owner, the signature of the authorized agent of the property owner shall be sufficient. Wherever this part requires the signature of the business owner, the signature of the authorized agent of the business owner shall be sufficient.

  • Project Water means water made available for delivery to the contractors by project conservation facilities and the transportation facilities included in the System.

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

  • Project Contract means any contract between the District or the Corporation and any contractor or vendor regarding the construction, production or other acquisition or installation of any part of an Acquisition Project.

  • Project site, where applicable, means the place indicated in bidding documents.

  • Joint Operating Agreement (JOA) means the operating and participating agreement between the Parties constituting the Contractor that governs their operational activities, obligations and responsibilities under this Contract,

  • Project Site(s) means the place(s) specified in the SCC for the supply and installation of the System.

  • Joint Venture” - (Project means two or more businesses joining together under a contractual agreement to conduct a specific business enterprise with both parties sharing profit and losses. The venture is for one specific project only, rather than for a continuing business relationship as in a strategic alliance. It is about sharing risk with others and providing one or more missing and needed assets and competencies.

  • Cooperative Project With respect to any Cooperative Loan, all real property and improvements thereto and rights therein and thereto owned by a Cooperative Corporation including without limitation the land, separate dwelling units and all common elements.

  • Project Activities means the activities to be undertaken or Works to be delivered or Property to be contributed or provided by you, your approved Sub-Grantees or your approved sub- contractors as summarised in the Particulars and more particularly described in the Agreed Proposal for which Xxxxx is payable under this Agreement;