Project Facility definition
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.
Project Facility means all tangible or intangible property financed in whole or in part with Tax-Exempt Bonds that are (1) functionally related or integrated in use, (2) located on the same physical site or proximate sites, and (3) expected to be Placed In Service within a one-year period of each other.
Examples of Project Facility in a sentence
Pursuant to the Lease Agreement, the Company, as tenant of the Project Facility under the Lease Agreement, is required to perform all of the Agency's obligations under this Underlying Lease.
Accordingly, and notwithstanding anything to the contrary contained in this Underlying Lease, the Company shall not be entitled to declare a default hereunder or exercise any rights or remedies hereunder if any asserted default by the Agency hereunder relates to a failure by the Company, as tenant of the Project Facility under the Lease Agreement, to perform its corresponding obligations under the Lease Agreement.
Pursuant to the Lease Agreement, the Company has agreed to pay all taxes levied against the Project Facility, including the Facility.
More Definitions of Project Facility
Project Facility means any credit facility taken up by the Issuer or any subsidiary of the Issuer owning the Järfälla Skälby Property, the Sanden Properties or the Karlholm Properties, solely to finance a construction on such Pproperty.
Project Facility means any Financial Indebtedness incurred by a Project Entity for the purpose of financing or refinancing a Project or part of a Project.
Project Facility can refer to any one of them, as the context may require;
Project Facility means the built-up area and facilities (water, fire safety, electricity and other infrastructure etc.), and includes all the amenities and facilities situated on the Project Site to be developed by the Licensee.;
Project Facility means the facilities as specified in the Tender document, being developed in accordance with the Project 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. The proposed locations have been mentioned in clause 1.4 for “Scope of Works”.
Project Facility means any senior project financing incurred by a Project Entity from any third party for the purpose of financing or refinancing a Project or part of a Project.
Project Facility means one or more facilities or capital projects, including land, building, equipment, or other property, financed in whole or in part with proceeds of an issue of Tax-Exempt Bonds and other sources of funds, if any, pursuant to the same plan of finance.