Definicija Project Cost

Project Cost. Reduction Event" has the meaning given to it in Article 4.3.A(1). "Promoter" has the meaning given to it in Recital (a).

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Project Cost. Reduction Event" has the meaning given to it in Article 4.3.A(1). "Promoter" means JSC ELEKTROPRIVREDA SRBIJE BELGRADE (registration number 07020171), a company fully owned by the Republic of Serbia, as a founder and sole shareholder, where the rights of the founder are exercised by the Government of the Republic of Serbia.

Project Cost. Reduction Event" has the meaning given to it in Article 4.3.A(1). "Promoter" means the Republic of Serbia represented by the Government of the Republic of Serbia acting through Office for Dual Education and National Framework of Qualifications.

Examples of Project Cost in a sentence

• At any time after the occurrence of a Project Cost Reduction Event the Bank may, by notice to the Borrower, cancel the undisbursed portion of the Credit and/or demand prepayment of the Loan Outstanding up to the amount by which the Credit exceeds the limits referred to in paragraph (c) below together with accrued interest and all other amounts accrued and outstanding under this Contract in relation to the proportion of the Loan Outstanding to be prepaid.

• PROJECT COST REDUCTION EVENT The Borrower shall promptly inform the Bank if a Project Cost Reduction Event has occurred or is likely to occur.

• For the purpose of this Article, "Project Cost Reduction Event" means that the total cost of the Project falls below the figure stated in Recital (b) so that the amount of the Credit exceeds: 50% (fifty per cent) and/or when aggregated with the amount of any other funds from the European Union made available for the Project, 90% (ninety per cent), of such total cost of the Project.

• For the purpose of this Article, "Project Cost Reduction Event" means that the total cost of the Project falls below the figure stated in Recital (b) so that the amount of the Credit (together with any other credits or loans provided by the Bank for this Project) exceeds: 63% (sixty percent per cent); and/or when aggregated with the amount of any other funds from the European Union made available for the Project, 90% (ninety per cent), of such total cost of the Project.