Substitute Projects definition

Substitute Projects means the substitute or additional projects of the Issuer described in the Series 2019A Bond Resolution.
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Substitute Projects means the substitute or additional projects of the Issuer described inArticle V hereof.
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Substitute Projects means the substitute or additional projects of the Issuer described in
Sample 1Sample 2

Examples of Substitute Projects in a sentence

  • A title policy, satisfactory to Lender, shall be issued to Lender insuring the interest of Lender to be a first and valid lien on the Substitute Project(s).

  • Lender shall receive a first lien on the Substitute Project(s), satisfactory to Lender.

  • EBITDA received from the home closings in Substitute Projects and Additional Projects shall be included in Buyer’s EBITDA for purposes of calculating Sellers’ entitlement to receive the Earn-Out Payments as provided on Schedule 3.6(A).

  • The date of delivery and recordation of the lien instrument for the Substitute Project(s) shall be the Substitution Date, and the transaction to permit a Substitute Project(s) to replace the Release Project(s) is sometimes referred to herein as a “Substitution”.

  • Upon completion of the Substitution, the Substitute Project(s) shall be included in the Lien Instrument, and the Replaced Project(s) shall be released.

  • The title policy shall contain a tie-in endorsement and as long as Borrower holds title to the Substitute Project(s), shall not contain a so-called Creditor’s Rights exception or other exception related to fraudulent conveyance.

  • The date of delivery and recordation of the lien instrument for the Substitute Project(s) shall be the Substitution Date, and the transaction to permit a Substitute Project(s) to replace the Release Project(s) is sometimes referred to herein as a "Substitution".

  • The Substitute Project(s) shall be similar projects 3 337158-2 (e.g., office, retail, medical office, office/warehouse, and/or garden apartments) at least equal to the Release Property in each of the following respects, as determined (to the extent applicable) by Lender in its sole and absolute discretion: (i) appraised value; (ii) stability of cash flow; (iii) tenant credit, quality, and diversification; and (iv) location quality and diversification.

  • Said reports shall be satisfactory to Lender with respect to the Substitute Project(s) based on the requirements set forth in the conditions entitled Consultant Services and Environmental Engineer’s Report contained in the Commitment.

Related to Substitute Projects

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • 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.

  • 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.

  • Substitute Improvements means the substitute or additional improvements of the Issuer described in Article V hereof.

  • Contractor-acquired property means property acquired, fabricated, or otherwise provided by the Contractor for performing a contract, and to which the Government has title.

  • Eligible Projects means projects as described in Schedule B.

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

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

  • Mixed-use project means a project comprising both a qualified

  • Expansion Project has the meaning set forth in Section IV.3.a of this Agreement.

  • Major project means a project comprising of a series of works, activities or services which is intended, in itself, to accomplish a definite and indivisible task of a precise economic or technical nature, which has clearly identified goals and whose total cost exceeds that which is specified in the Framework Agreement;

  • Eligible project means 1 or more of the following projects of a local unit that have been approved by the director and the state treasurer, including costs associated with a project necessary for issuance of evidences of indebtedness to finance the project:

  • Large project means, for purposes of the Soft Cost Ratio limitation in Section 3.F, a Project with more than 24 Housing Credit units.

  • Qualified Project Costs means costs paid with respect to the Project that meet each of the following requirements: (i) the costs are properly chargeable to capital account (or would be a 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 Section 1.103-8(a)(1) of the Regulations, provided, however, that only such portion of the interest accrued during rehabilitation or construction of the Project (in the case of rehabilitation, with respect to vacated units only) shall be eligible to be a Qualified Project Cost as bears the same ratio to all such interest as the Qualified Project Costs bear to all costs of the acquisition and construction or rehabilitation of the Project; and provided further that interest accruing after the Completion Date (as defined in the Regulatory Agreement) shall not be a Qualified Project Cost; and provided still further that if any portion of the Project is being constructed or rehabilitated by an Affiliate (whether as general contractor or a subcontractor), Qualified Project Costs shall include only (A) the actual out of pocket costs incurred by such affiliate in constructing or rehabilitating the Project (or any portion thereof) and (B) any overhead expenses incurred by such affiliate which are directly attributable to the work performed on the Project, 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 or construction of the Project or payments received by such affiliate due to early completion of the Project (or any portion thereof); (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 May 20, 2021, being the date on which the Governmental Lender first declared its “official intent” to reimburse costs paid with respect to the Project (within the meaning of Section 1.150-2 of the Regulations) or the date of issue of the Funding Loan, and (iv) if the costs of the acquisition and construction or rehabilitation of the Project were previously paid and are to be reimbursed with proceeds of the Funding Loan such costs were (A) “preliminary expenditures” (within the meaning of Section 1.150-2(f)(2) of the Regulations) with respect to the Project (such as architectural, engineering and soil testing services) incurred before commencement of acquisition and construction or rehabilitation of the Project that do not exceed 20% of the issue price of the Funding Loan (as defined in Section 1.148-1 of the Regulations), or (B) were capital expenditures with respect to the Project that are reimbursed no later than 18 months after the later of the date the expenditure was paid or the date the Project is placed in service (but no later than three years after the expenditures is paid); provided, however, that (w) Costs of Funding shall not be deemed to be Qualified Project Costs;(x) fees, charges or profits (including, without limitation, any Developer Fee) payable to the Borrower or a “related person” (within the meaning of Section 144(a)(3) of the Code) shall not be deemed to be Qualified Project Costs; (y) letter of credit fees and municipal bond insurance premiums which represent a transfer of credit risk shall be allocated between Qualified Project Costs and other costs and expenses to be paid from the proceeds of the Funding Loan; and (z) letter of credit fees and municipal bond insurance premiums which do not represent a transfer of credit risk (including, without limitation, letter of credit fees payable to a “related person” to the Borrower) shall not constitute Qualified Project Costs.

  • 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

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

  • Existing Project is a Project that has achieved Commercial Operation on or prior to the Execution Date.

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

  • Condominium Project Real estate including the separate ownership in fee, or on a satisfactory leasehold estate, of a particular residential unit with an indivisible interest in the real estate designated for common ownership strictly by unit owners.

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • 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.

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

  • Project Completion means the date, as determined by the Division after consultation with the Recipient, that operation of the Project is initiated or is capable of being initiated, whichever comes first.

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

  • The Project Plan means the document to be developed by the Supplier and approved by the Purchaser, pursuant to GCC Clause 19, based on the requirements of the Contract and the Preliminary Project Plan included in the Supplier’s bid. The “Agreed and Finalized Project Plan” is the version of the Project Plan approved by the Purchaser, in accordance with GCC Clause 19.2. Should the Project Plan conflict with the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.