Sale of the Project definition

Sale of the Project means (i) a sale, transfer or other disposition of more than a 10% interest in the Project in any one transaction or more than one transaction occurring within any three year period (aggregating all dispositions during any such period for purposes of calculation), or (ii) a sale, transfer or other disposition of more than a 50% interest in the entity or entities which own, directly or indirectly, more than a 50% interest in the Project within any three year period to one or more persons or entities acting in concert (aggregating all dispositions during any such period for purposes of calculation). There shall be excluded from clause (ii) of the preceding sentence, however, a transfer on account of death without consideration or with consideration if the transfer is to an existing partner or to the Developer. Indirect ownership by an entity or entities of an interest in the Project shall be measured by multiplying the percentage of interest such entity or entities own in the entity or entities that own directly
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Sale of the Project means any Assignment or Master Sublease by Tenant of fifty percent (50%) or more of Tenant’s Interest in the Premises or of any entire Component of the Project.
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Sale of the Project has the meaning provided in Section 10.2(i). “SCG” has the meaning provided in Section 10.2(j).
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Examples of Sale of the Project in a sentence

  • An attorney or law firm designated by HUD to conduct the Foreclosure Sale of the Project, pursuant to 12 U.S.C. §3704.

  • Sale of the Project resulting from a mortgage foreclosure by HUD.

  • Notwithstanding any other provision of this Agreement, MTP-South Tower shall not be required to obtain the consent of Aetna to an Arms-Length Sale of the Project.

  • Any consent to a Sale of the Project or Transfer shall not waive any of Owner’s rights to consent to a subsequent Sale of the Project or Transfer.

  • SECTION 3.1 Sale of the Project ......................................................................................

  • If Owner shall not consent to a proposed Transfer and/or proposed Sale of the Project, Owner shall state all of its reasons for such disapproval in its notice to Tenant withholding its consent.

  • Any Sale of the Project or Transfer made in violation of the terms hereof shall be null and void and of no force and effect ab initio.

  • Infrastructure Committee This committee will create proposals that are directly related to infrastructure and facility changes, as well as improving aspects of the physical nature on campus.This committee will poll and gauge the student body for possible avenues to pursue and create options.

  • There shall not be any Sale of the Project or Transfer prior to the Stabilization Date other than as permitted by the provisions in Section 10.4 and other than a Foreclosure Transfer.

  • If Owner shall fail to respond during such sixty (60) days, it shall be deemed to have consented to the proposed Transfer and/or proposed Sale of the Project in question, unless the proposed Transferee, Assignee or Master Subtenant thereunder does not satisfy the Acceptable Owner Criteria, in which case, Owner’s failure to respond shall be deemed conclusive disapproval of the proposed Transfer or Sale of the Project, as applicable.


More Definitions of Sale of the Project

Sale of the Project has the meaning provided in Section 10.2(g). “Second Extension Term” has the meaning provided in Section 2.1(b). “Significant Alteration” has the meaning provided in Section 14.5(a)(i).
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Sale of the Project means the direct or indirect sale by the Company more than 33 1/3% interest in the Project.Sale of Project or Change of Control has the same meaning as defined in the Zero Priced Options.
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Sale of the Project means the direct or indirect sale by the Company more than 33 1/3% interest in the Project.
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Related to Sale of the Project

  • Scope of the Project shall have the meaning set forth in Clause 2.1;

  • Sale of the Painting means the transfer of title and ownership of the Painting to an un-Affiliated third-party and receipt by the Company of value therefor as determined by the Board.

  • Cost of the Project means and embraces the cost of construction; the cost of all

  • The Project means supply, installation, testing and commissioning, integration of computer hardware and services with support under Warranty and annual maintenance contract, if required for the contract period.

  • Sale of the Artwork means the transfer of title and ownership of the Artwork to an un-Affiliated third-party and receipt by the Company of value therefor as determined by the Board.

  • Qualified project means the construction or expansion of any capital project of the Borrower or any of its Restricted Subsidiaries, the aggregate actual or budgeted capital cost of which (in each case, including capital costs expended by the Borrower or any such Restricted Subsidiaries prior to the construction or expansion of such project) exceeds $50,000,000.

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

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

  • The Project Site, where applicable, means the place or places named in the SCC.

  • Qualified Project Costs means Project Costs that meet each of the following requirements: (i) the costs are properly chargeable to capital account (or would be so chargeable with a proper election by the Borrower or but for a proper election by the Borrower to deduct such costs) in accordance with general Federal income tax principles and in accordance with United States Treasury Regulations §1.103-8(a)(1), provided, however, that only such portion of interest accrued during rehabilitation of the Projects shall be eligible to be a Qualified Project Cost as is so capitalizable and as bears the same ratio to all such interest as the Qualified Project Costs bear to all Project Costs; and provided further that interest accruing after the date of completion of the rehabilitation of the Projects shall not be a Qualified Project Cost; and provided still further that if any portion of any of the Projects is being rehabilitated by an Affiliated Party (whether as a general contractor or a subcontractor), Qualified Project Costs shall include only (A) the actual out-of-pocket costs incurred by such Affiliated Party in rehabilitating the Projects (or any portion thereof), (B) any reasonable fees for supervisory services actually rendered by the Affiliated Party, and (C) any overhead expenses incurred by the Affiliated Party which are directly attributable to the work performed on the Projects, and shall not include, for example, intercompany profits resulting from members of an affiliated group (within the meaning of Section 1504 of the Code) participating in the rehabilitation of the Projects or payments received by such Affiliated Party due to early completion of the rehabilitation of the Projects; (ii) the costs are paid with respect to a qualified residential rental project or projects within the meaning of Section 142(d) of the Code, (iii) the costs are paid after the earlier of 60 days prior to the Inducement Date or the Closing Date, and (iv) if the Project Costs were previously paid and are to be reimbursed with proceeds of the Loan or the Bonds, such costs were (A) costs of issuance of the Issuer Note, (B) preliminary capital expenditures (within the meaning of United States Treasury Regulations §1.139-2(f)(2)) with respect to the Projects (such as architectural, engineering and soil testing services) incurred before commencement of the rehabilitation of the Projects that do not exceed twenty percent (20%) of the issue price of the Bonds (as defined in United States Treasury Regulations §1.148-1), or (C) were capital expenditures with respect to the Projects that are reimbursed no later than eighteen

  • Costs of the Project means Recipient’s actual costs (including any financing costs properly allocable to the Project) that are (a) reasonable, necessary and directly related to the Project, (b) permitted by generally accepted accounting principles to be Costs of the Project, and (c) are eligible or permitted uses of the Financing Proceeds under applicable state or federal statute and rule.

  • Date of commencement of the project means the date of the agreement.

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

  • 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.

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

  • Sub-project means a specific development project to be carried out by a Beneficiary utilizing the proceeds of a Sub-loan;

  • Construction activity means any clearing, grading or excavation associated with large construction activity or associated with small construction activity.

  • Qualifying project means (i) any education facility, including, but not limited to a school building,

  • Residential Project means a redevelopment project that is

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

  • Renovation means rehabilitation that involves costs of 75 percent or less of the value of the building before rehabilitation.

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

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

  • Redevelopment project means a specific construction project

  • Approved Project means the Scheme application of the Applicant approved by the CIC.

  • Needs Improvement the Educator’s performance on a standard or overall is below the requirements of a standard or overall, but is not considered to be unsatisfactory at this time. Improvement is necessary and expected. Unsatisfactory: the Educator’s performance on a standard or overall has not significantly improved following a rating of needs improvement, or the Educator’s performance is consistently below the requirements of a standard or overall and is considered inadequate, or both.