Replacement Project Contract definition

Replacement Project Contract means any contract entered into in replacement of an existing Project Contract which is reasonably satisfactory to the Controlling Party (it being acknowledged that with respect to any Replacement Project Contract for a Power Purchase Agreement, the Controlling Party may withhold its approval of any such proposed Replacement Project Contract if such proposed Replacement Project Contract is not, taken as a whole, in all material respects similar to the Power Purchase Agreement such Replacement Project Contract is intended to replace).
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Replacement Project Contract means one or more contracts or agreements which (i) is entered into by the Company or the applicable Project Company in substitution for any Major Project Contract (other than any Specified Major Project Contract) that has been terminated in accordance with its terms or otherwise or replaced following an event of default thereunder, (ii) has economic and other terms which, taken as a whole, are not materially less favorable to the Company or the applicable Project Company as the Major Project Contract being replaced and (iii) either (a)(1) is with one or more counterparties (or guarantors of such counterparties’ obligations) having substantially similar or better creditworthiness (or is otherwise credit supported so that the credit risk of such counterparty is not materially less favorable to the Company or the applicable Project Company than the existing counterparty) and(2) solely with respect to the Global Services Agreement, is with one or more counterparties which has substantially similar or better experience in the industry, in each case, as the counterparty to the Major Project Contract being replaced, or (b) in the case of any Major Project Contract entered into in substitution for or otherwise replacing any PPA, the Company delivers evidence of a Ratings Reaffirmation.
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Replacement Project Contract means one or more contracts or agreements which (i) is entered into by an Obligor in substitution for any Major Project Contract that has been terminated in accordance with its terms or otherwise or replaced following an event of default thereunder, (ii) has economic and other terms which, taken as a whole, are not materially less favorable to such Obligor as the Major Project Contract being replaced and (iii) either (a) is with one or more counterparties (or guarantors of such counterparties’ obligations) having substantially similar or better creditworthiness (or is otherwise credit supported so that the credit risk of such counterparty is not materially less favorable to such Obligor than the existing counterparty) and substantially similar or better experience in the industry, in each case, as the counterparty to the Major Project Contract being replaced, or (b) in the case of any Major Project Contract other than the PPAs, the Issuer delivers evidence of a Ratings Reaffirmation.
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Examples of Replacement Project Contract in a sentence

  • Community Development Services, Department of Transportation, recommending the Board consider the following pertaining to the Sly Park Road at Clear Creek Crossing - Bridge Replacement Project, Contract PW 11-30579, CIP 77115, P&C 003-C1899:1) Approve and adopt the Plans and Contract Documents and authorize the Chair to sign the Plans; and2) Authorize advertisement for construction bids.

  • Department of Transportation recommending the Board consider the following:1) Approve and authorize the Chair to sign the Notice of Acceptance with Steelhead Constructors, Inc., for the Bassi Road at Granite Creek Bridge Replacement Project, Contract 2777, CIP 77128/36105001; and2) Approve and authorize the Clerk of the Board to release the Payment and Performance Bonds to the Surety upon notification from the Department of Transportation, after the one-year guarantee period.

  • Expectations and conformity vary from society to society and the deviations may not always reflect legal and policy mechanisms set out or sanctioned.

  • Anaerobic Digesters The anaerobic digestion process was completely overhauled as part of the Anaerobic Digester Replacement Project (Contract Nos.

  • Approve Change Order No. 2 to the 2021 Water Service Line Replacement Project Contract with W.T. Stevens Construction, Inc.

  • Attachment A should be submitted with the Proposal in a separate sealed envelope entitled “Cost Proposal – RFP 16-500426 “Rockbridge Road Asbestos Cement (AC) Water Main Replacement Project Contract A or B”.

  • One with Blackburn Consulting for additional soils testing for the Blue Cut Siphon Replacement Project, Contract #2003-07, in an amount not to exceed $5,500.

  • UMMARY OF CAPITAL WORK COMPLETED IN 2020As a result of the Authority’s Capital Improvement Program the following work was completed and/or began in 2020:• Anaerobic Digester Replacement Project (Contract Nos.

  • Project Name: Greendale Avenue Water Main Replacement Project Contract No.: 18DPW016CTo: Town of Needham, Massachusetts, herein called the Owner, acting through its Town Manager.

  • Kent Hall Cooling Tower Replacement Project Contract ID: RFP: 27041Recommendation: That the Board of Public Works approve St. Mary’s College ofMaryland awarding a contract to replace the cooling tower at Kent Hall.


More Definitions of Replacement Project Contract

Replacement Project Contract means one or more contracts or agreements which (i) is entered into by the Company or the applicable Project Company in substitution for any Major Project Contract (other than any Specified Major Project Contract) that has been terminated in accordance with its terms or otherwise or replaced following an event of default thereunder, (ii) has economic and other terms which, taken as a whole, are not materially less favorable to the Company or the applicable Project Company as the Major Project Contract being replaced and (iii) either (a)(1) is with one or more counterparties (or guarantors of such counterparties’ obligations) having substantially similar or better creditworthiness (or is otherwise credit supported so that the credit risk of such counterparty is not materially less favorable to the Company or the applicable Project Company than the existing counterparty) and (2) solely with respect to the Global Services Agreement, is with one or more counterparties which has substantially similar or better experience in the industry, in each case, as the counterparty to the Major Project Contract being replaced, or (b) in the case of any Major Project Contract entered into in substitution for or otherwise replacing any PPA, the Company delivers evidence of a Ratings Reaffirmation.
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Replacement Project Contract means any contract entered into in replacement of an existing Material Contract, as certified to the Administrative Agent by an Authorized Representative of the Borrower, (a) which has a term that terminates no earlier than the final maturity date of the Loans and which includes pricing and payment provisions that will enable the Borrower, together with other then-existing Collateral Vessel Contracts of the Borrower Group Parties, to comply with the DSCR Covenant for the remaining term of the Loans and (b) with a counterparty (or a guarantor of such counterparty's obligations) having substantially similar or better creditworthiness and experience as the counterparty to the Material Contract being replaced.
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Related to Replacement Project Contract

  • 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.

  • RFP Project Documents means the following documents to be entered into in respect of the Project, by the parties to the respective agreements:

  • Project Contracts means collectively this Agreement, the Land Lease Agreement, the Construction Contract, O&M Contracts (if any) and any other material contract (other than the Financing Documents) entered into or may hereafter be entered into by the Concessionaire in connection with the Project;

  • Construction Contract or “contract” means a written agreement between a contractor and a public agency for the construction, alteration, demolition, or repair of a facility, other than a contract having a dollar value of less than $30,000.00 or a contract that provides for 3 or fewer payments.

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

  • Replacement Agreement shall have the meaning set forth in Paragraph 2(b) hereof.

  • Replacement Sub-Contractor means a sub-contractor of the Replacement Supplier to whom Transferring Supplier Employees will transfer on a Service Transfer Date (or any sub-contractor of any such sub-contractor);

  • Construction Service Agreement means either an Interconnection Construction Service Agreement or an Upgrade Construction Service Agreement.

  • Construction Contracts means the contracts between Lessee and Contractors for the furnishing of labor, services or materials to the Leased Premises in connection with the construction of the Improvements.

  • Project Documents means all documents relating to the Construction Loan, Mortgage Loan and Construction Contract. It shall also include all documents required by any governmental agency having jurisdiction over the Apartment Housing in connection with the development, construction and financing of the Apartment Housing, including but not limited to, the approved Plans and Specifications for the development and construction of the Apartment Housing.

  • O&M Agreement means the agreement(s), if any, between the Company and the O&M Contractor for the operation and maintenance of the Facility to be entered into between the Company and the O&M Contractor, as amended or superseded from time to time;

  • Construction Services Agreement (CSA) means the Construction Services Agreement, together with any duly authorized and executed amendments hereto.

  • Connection Contract means a contract under which Distributed Generation is connected to the Network entered into by the Distributor and a Distributed Generator in accordance with Part 6 of the Code, and, for the purposes of this Agreement, the Distributor and a Distributed Generator are deemed to have entered into a Connection Contract if the regulated terms in Part 6 of the Code apply;

  • Interconnection Construction Service Agreement means the agreement entered into by an Interconnection Customer, Interconnected Transmission Owner and the Transmission Provider pursuant to Tariff, Part VI, Subpart B and in the form set forth in Tariff, Attachment P, relating to construction of Attachment Facilities, Network Upgrades, and/or Local Upgrades and coordination of the construction and interconnection of an associated Customer Facility. A separate Interconnection Construction Service Agreement will be executed with each Transmission Owner that is responsible for construction of any Attachment Facilities, Network Upgrades, or Local Upgrades associated with interconnection of a Customer Facility.

  • Project Agreement means the agreement between the Bank and the Project Implementing Entity of even date herewith, as the same may be amended from time to time; and such term includes all schedules and agreements supplemental to the Project Agreement.

  • Project Document means any one of the foregoing;

  • Construction management contract means a contract in which a party is retained by the owner to

  • Replacement Contractor means any third party service provider appointed by the Authority to supply any services which are substantially similar to any of the Services and which the Authority receives in substitution for any of the Services following the expiry, termination or partial termination of the Contract.

  • Construction Agreement means the proposed building agreement between the Company and a proposed builder substantially in the form of the draft agreement a copy of which has been signed on behalf of the Authority and the Company for the purposes of identification;

  • Existing Facility Agreement has the meaning specified therefor in the recitals hereto.

  • Construction Management Agreement means the Construction Management Agreement, dated as of the date of the Common Agreement, between Construction Manager and the Project Company.

  • Equipment Lease means a Contract for the lease of Equipment or for the purchase of Equipment under a conditional sales or title retention agreement.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Original Project means the Project described in the Original Financing Agreement.

  • Redevelopment Contract means this redevelopment contract between the Authority and Redeveloper with respect to the Project.

  • Construction Contractor means a person who undertakes to or offers to undertake to, or purports to have the capacity to undertake to, or submits a bid to, or does himself or by or through others, construct, alter, repair, add to, subtract from, improve, move, wreck, or demolish any building, highway, road, railroad, excavation, or other structure, project, development, or improvement to real property, or to do any part thereof. "Construction contractor" includes subcontractors, specialty contractors, prime contractors, and any person receiving consideration for the general supervision and/or coordination of such a construction project except for remediation contracting. This definition shall govern without regard to whether or not the construction contractor is acting in fulfillment of a contract.