Replacement Project Document means any Project Document entered into by any Co-Borrower with a Replacement Obligor in replacement of a Major Project Document in form and substance reasonably satisfactory to the Required Lenders.
Replacement Project Document means any contract entered into in replacement of an existing Material Project Document.
Replacement Project Document means any contract or agreement in form and substance reasonably satisfactory to the Required Lenders entered into by either Borrower with any Replacement Project Participant subsequent to the date of this Agreement in substitution for any Project Document that has been terminated (other than by virtue of scheduled expiration in the ordinary course in accordance with its terms).
Examples of Replacement Project Document in a sentence
No Obligor will enter into any Additional Project Document that is Material without the prior written consent of the Required Holders, such consent not to be unreasonably withheld, conditioned or delayed; provided, that any Obligor may enter into (i) any Replacement Project Document and(ii) Additional Project Documents entered into, assumed or acquired by any Obligor in connection with any Acquisition in compliance with Section 9.3(d) and Section 10.8.
More Definitions of Replacement Project Document
Replacement Project Document means any Additional Project Document in replacement of a Material Project Document which is entered into with a Replacement Project Party and either (i) has economic terms which are no less favorable to the Company than those in the Material Project Document being replaced and has other terms and conditions which, in the case of such other terms and conditions, taken as a whole, are not materially less favorable to the Company than those in the Material Project Document being replaced or (ii) is in form and substance satisfactory to Ormat, acting reasonably.
Replacement Project Document means (i) with respect to any Ground Lease, an Acceptable Replacement Ground Lease and (ii) with respect to any other Project Document, an Acceptable Replacement Project Document.
Replacement Project Document means, in respect of any Material Project Document, one or more binding replacement Project Documents (i) that are Additional Material Project Documents entered into in accordance with Section 6.09(a)(iii), (ii) that, in the case of any Project Document replacing a Material Project Document (other than any Material Construction Contract or the ExxonMobil Offtake Agreement), are (A) on terms (take as a whole) that are substantially similar to, or more favorable to the applicable Loan Party than, the terms and conditions of the Material Project Document being replaced, (B) is with a counterparty that is as creditworthy (measured as of the date of such counterparty enters into such replacement Material Project Document) as the Material Project Counterparty under the Material Project Document being replaced (measured as of the date of such Material Project Counterparty entered into the Material Project Document being replaced) and (C) has pricing and economic terms consistent with, or better than, the Material Project Document being replaced or (iii) on otherwise terms and conditions acceptable, and with a counterparty of credit acceptable, to the Administrative Agent, acting at the reasonable direction of the Required Lenders. 32 Bakersfield Refinery – Senior Credit Agreement
Replacement Project Document means any Project Document entered into by a Borrower Party with a Replacement Obligor in replacement of a Major Project Document which either (a) has economic terms which are no less favorable to such Borrower Party than those in the Major Project Document being replaced and other terms and conditions which are no less favorable to such Borrower Party in any material respect than those in the Major Project Document being replaced or (b) is in form and substance reasonably satisfactory to the Required Lenders.
Replacement Project Document means any contract, agreement or other instrument entered into in accordance with Section 6.06 in replacement of an existing Material Project Document (a) with (i) substantially similar or terms more economically favorable to the Project Company than the Material Project Document it replaces, (ii) substantially similar or more favorable non-economic terms (taken as a whole) than the Material Project Document it replaces, as confirmed by the Administrative Agent (acting in consultation with the Lenders’ Technical and Environmental Consultant) (such confirmation not to be unreasonably withheld, conditioned or delayed) and (iii) a replacement Material Project Party of a comparable or better standing than the Material Project Party it replaces, as confirmed by the Administrative Agent (such confirmation not to be unreasonably withheld, conditioned or delayed) or (b) otherwise satisfactory to the Required Lenders.
Replacement Project Document means any Additional Project ---------------------------- Document entered into in replacement of a Project Document (i) with substantially similar economic effect on the Issuer as the Project Document being replaced and (ii) with a counterparty (including any guarantor of such counterparty's obligations) having substantially similar creditworthiness and experience (taking into account the experience of any Affiliate of such counterparty) as the counterparty to the Project Document being replaced, provided, that with respect to Project Documents other than the Power Sales -------- Agreements, any investment grade rating is deemed of equal creditworthiness with any higher rated counterparty.
Replacement Project Document means any Additional Project Document, other than a Replacement PPA, entered into in replacement of a Project Document (i) with substantially similar economic effect on the Partnership as the Project Document being replaced and (ii) with a counterparty having substantially similar creditworthiness and experience as the counterparty to the Project Document being replaced.