Sole Risk Project definition

Sole Risk Project has the meaning given in clause 2.1.
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Sole Risk Project has the meaning given in clause 3.2 of Exhibit C of the Restated Charter.
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Sole Risk Project has the meaning specified in Article 13.1
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Examples of Sole Risk Project in a sentence

  • Any Party may undertake sole risk seismic ("Sole Risk Seismic"), sole risk drilling ("Sole Risk Drilling"), sole risk testing ("Sole Risk Testing") or sole risk development ("Sole Risk Development") (each being a "Sole Risk Project") subject to the following provisions of this Article.

  • If a Proposing Party transfers all of its interest in the Enterprise Company to a person other than an affiliate, it will also transfer, to the acquirer of that interest, each Sole Risk Project.

  • Subject to the above this Agreement shall apply to the Sole Risk Project operations mutatis mutandis.

  • If a Sole Risk Project is undertaken by more than one (1) Sole Risk Party the risk and cost thereof shall, subject in the case of Sole Risk Development to Article 7.5.7, be borne by each Sole Risk Party in the proportion that its Percentage Interest bears to the sum of the Percentage Interests of the Sole Risk Parties or in such other proportion as the Sole Risk Parties may agree.

  • The approval of a Non-Sole Risk Party to the conduct of a Sole Risk Project (whether or not such approval is required) shall not constitute a waiver of these provisions.

  • Subject to the Defaulting Party remaining liable and obligated for its share of all net costs and obligations that in any way relate to the abandonment of Joint Operations or a Sole Risk Project in which the Defaulting Party participated.

  • If the Operator is carrying out a Sole Risk Project on behalf of a Sole Risk Party, the Operator shall be entitled to request Cash Calls and raise Invoices against the Sole Risk Party and to require such security as it may reasonably request for costs which it may incur in connection with the Sole Risk Project and shall not use its own or Joint Account funds for the purpose of paying the costs and expenses of the Sole Risk Project.

  • The costs and expenses of the Sole Risk Project shall not be reflected in the statements and billings rendered by the Operator for the Joint Operations.

  • In the case of Sole Risk Projects that are being conducted by an Enterprise Company in accordance with clause 2.4 of Exhibit C, equity calls with respect to that Sole Risk Project must be made in accordance with clause 2.4 of Exhibit C.

  • For the avoidance of doubt, this section 6 does not apply in relation to any Sole Risk Project.


More Definitions of Sole Risk Project

Sole Risk Project means an operation conducted pursuant to Article 26 on behalf and at the risk, cost and expense of less than all the Parties.
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Sole Risk Project has the meaning set forth in Section 3.3(f).
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Sole Risk Project has the meaning set forth in Section 8.5(b).
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Related to Sole Risk Project

  • 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.

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

  • Own risk and solvency assessment means a confidential internal assessment, appropriate to the nature, scale, and complexity of an insurer or insurance group, conducted by that insurer or insurance group of the material and relevant risks associated with the insurer or insurance group's current business plan, and the sufficiency of capital resources to support those risks.

  • Stand Alone System Upgrade Facilities means System Upgrade Facilities that a Developer may construct without affecting day-to-day operations of the New York State Transmission System during their construction. NYISO, the Connecting Transmission Owner and the Developer must agree as to what constitutes Stand Alone System Upgrade Facilities and identify them in Appendix A to this Agreement.

  • Green infrastructure means a stormwater management measure that manages stormwater close to its source by:

  • Renewable energy project means (A) a project

  • State Contract Project means any erection or construction of, or any addition to, alteration of or other improvement to any building or structure, including, but not limited to, roads or highways, or the installation of any heating or cooling or ventilating plants or other equipment, or the supply of and materials for such projects, pursuant to a contract with the State of West Virginia for which bids were solicited on or after June 6, 2001.

  • Project Facility means facility being one or more of the following facilities as specified in the Special Conditions of Contract, being developed in accordance with the Project and the Detailed Project Implementation Report and includes all its buildings, equipment, facilities, software and systems and includes without limitation, where the circumstances so require, any expansion thereof from time to time and may include any new location to be separately mentioned in the Special Conditions of Contract.

  • Commercial project means any project, including, but not

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

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

  • Generation Interconnection Facilities Study means a Facilities Study related to a Generation Interconnection Request.

  • The Works/Project means the works to be executed or done under this contract.

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.

  • Infrastructure Improvements means a street, road, sidewalk, parking facility, pedestrian mall, alley, bridge, sewer, sewage treatment plant, property designed to reduce, eliminate, or prevent the spread of identified soil or groundwater contamination, drainage system, waterway, waterline, water storage facility, rail line, utility line or pipeline, transit-oriented development, transit-oriented property, or other similar or related structure or improvement, together with necessary easements for the structure or improvement, owned or used by a public agency or functionally connected to similar or supporting property owned or used by a public agency, or designed and dedicated to use by, for the benefit of, or for the protection of the health, welfare, or safety of the public generally, whether or not used by a single business entity, provided that any road, street, or bridge shall be continuously open to public access and that other property shall be located in public easements or rights-of-way and sized to accommodate reasonably foreseeable development of eligible property in adjoining areas. Infrastructure improvements also include 1 or more of the following whether publicly or privately owned or operated or located on public or private property:

  • Project Improvements means site improvements and facilities that are:

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

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

  • Project Facilities means any facilities to be constructed, provided, rehabilitated, operated and/or maintained under the Project;

  • Development Project means a project for the development of land within a

  • Facility Site shall have the meaning set forth in the recitals to the Facility Site Lease.

  • Redevelopment project means any work or undertaking

  • Contractor’s Equipment means all apparatus, machinery, vehicles and other things required for the execution and completion of the Works and the remedying of any defects. However, Contractor’s Equipment excludes Temporary Works, Employer’s Equipment (if any), Plant, Materials and any other things intended to form or forming part of the Equipment.

  • Pilot project means an innovative environmental project that covers one or more designated facilities, designed and implemented in the form of an EMSA. (See Section 52.3 of the Act.)

  • Generation Interconnection Feasibility Study means a study conducted by the Transmission Provider (in coordination with the affected Transmission Owner(s)) in accordance with Tariff, Part IV, section 36.2.

  • Clean coal technology demonstration project means a project using funds appropriated under the heading “Department of Energy—Clean Coal Technology,” up to a total amount of $2,500,000,000 for commercial demonstration of clean coal technology, or similar projects funded through appropriations for the Environmental Protection Agency. The federal contribution for a qualifying project shall be at least 20 percent of the total cost of the demonstration project.