Approved Restoration Plan definition

Approved Restoration Plan means a plan submitted to and approved by the Independent Engineer which provides for the repair or rebuilding of all or any portion of the Trinidad Project and which is accompanied by a certificate of (a) the Independent Engineer certifying that (i) such plan is reasonable and technically feasible and will restore the Trinidad Project to at least as good condition or state of repair as it was in prior to such Event of Loss, (ii) the repair or restoration of the Trinidad Project in accordance with the plan or the operation of the Trinidad Project following such repair will not violate (x) the terms of any other Transaction Document or (y) any of the Trinidad Project's Governmental Approvals, (iii) after taking into consideration the availability of Loss Proceeds and such other proceeds available for the repair or restoration of the Trinidad Project, there will be adequate cash flow during the period of repair or restoration to pay all ongoing expenses, including debt service due on the Securities, and the Trinidad Obligor's ability to pay such expenses will not be materially adversely affected following such repair and (iv) the repair or restoration in accordance with the plan will not materially adversely affect the construction budget or construction schedule of the Trinidad Project and (b) the Trinidad Obligor certifying that (i) such plan is reasonable and technically feasible and will restore the Trinidad Project to at least as good condition or state of repair as it was in prior to such Event of Loss and (ii) the repair or restoration of the Trinidad Project in accordance with the plan or the operation of the Trinidad Project following such repair will not violate Applicable Law.
Sample 1
Approved Restoration Plan means a plan which provides for the repair, replacement or rebuilding of all or any material portion of the Project and which is accompanied by a certificate of an Authorized Officer of an Obligor certifying that (a) after taking into consideration the availability of Loss Proceeds and such other proceeds available for the repair, replacement or restoration of such Project, there will be adequate cash flow including, without limitation, any Loss Proceeds, during the period of repair, replacement or restoration to pay all ongoing expenses, including Debt Service, if any, and (b) no Material Adverse Effect would reasonably be expected to result from such repair, replacement or restoration.
Sample 1
Approved Restoration Plan means a plan for Restoration Work that is submitted to and approved by the Independent Engineer, if any, no more than three months after the related Event of Loss or event giving rise to Performance Liquidated Damages and that provides for the
Sample 1

Examples of Approved Restoration Plan in a sentence

  • There shall have occurred an Event of Loss involving a material portion of the assets or operations of the Project and receipt by or on 102 behalf of the Borrower of Loss Proceeds in excess of $5,000,000, and the Borrower shall not deliver an Approved Restoration Plan in respect of such damage or destruction within sixty (60) days after the occurrence thereof.

  • There shall have occurred an Event of Condemnation involving a material portion of the assets or operations of the Project and receipt by or on behalf of the Borrower of Condemnation Proceeds in excess of $5,000,000, and the Borrower shall not deliver an Approved Restoration Plan in respect thereof within sixty (60) days after the occurrence thereof.


More Definitions of Approved Restoration Plan

Approved Restoration Plan means a plan submitted to and approved by the Independent Engineer which provides for the repair or rebuilding of all or any portion of the Project and which is accompanied by a certificate of (A) the Independent Engineer certifying that in its professional judgment (i) such plan is reasonable and technically feasible and is reasonably expected to restore the Project to at least as good condition or state of repair as it was in prior to such Event of Loss or its original specifications, (ii) after taking into consideration the availability of Loss Proceeds and such other proceeds available for the repair or restoration of the Project, there will be adequate cash flow during the period of repair or restoration to pay all ongoing expenses as they become due, including Debt Service due on the Loans, and the Borrower's ability to pay such expenses will not be materially adversely affected following such repair and (iii) if the Project has not yet reached Completion, the repair or restoration in accordance with the plan will not materially adversely affect the construction budget or construction schedule of such Project and (B) the Borrower certifying that the repair or restoration of the Project in accordance with the plan or the operation of the Project following such repair will not violate in any material respect (x) the terms of any other Transaction Document, (y) Applicable Law or (z) any of the Project's Governmental Approvals.
Sample 1
Approved Restoration Plan means a plan submitted to and approved by the Joint Operating Committee which provides for the repair, rebuilding or restoration of all or any material portion of the Leviathan Project and which is accompanied by (a) a certificate of the Technical Consultant or any other consultant as determined by the Sponsor or the Issuer, such consultant to be reasonably acceptable to the Trustee, certifying that (i) such plan is reasonable and technically feasible and will restore the Leviathan Project in all material respects to at least as good condition or state of repair as it was in prior to such Event of Loss or an acceptable operational level and (ii) after taking into consideration the availability of Loss Proceeds and such other proceeds available for the repair or restoration of the Leviathan Project (including such amounts as the Sponsor and the other Partners agree in writing to apply towards the Leviathan Project), there will be adequate cash flow during the period of repair or restoration to pay all ongoing expenses, including Debt Service due on the Notes, and the ability to pay such expenses will not be materially adversely affected following such repair, and (b) an officer’s certificate from an Authorized Officer of the Sponsor certifying that, where relevant, the repair or restoration of the Leviathan Project in accordance with the plan or the operation of the Leviathan Project following such repair will not violate (i) the terms of any other Transaction Document, (ii) Applicable Law or (iii) any of the Leviathan Project’s Governmental Approvals.
Sample 1
Approved Restoration Plan means a plan for Restoration Work that is submitted to and approved by the Independent Engineer, no more than 90 days after the related Loss that provides for the Restoration of the Project and includes a scope of the work to be performed, conditions for the disbursement of any Loss Proceeds and other amounts to be expended in connection with the implementation of such plan, a completion test to be administered or observed by the Independent Engineer upon completion of the Restoration Work and, a date specified for the completion of such Restoration Work (the “Restoration Date Certain”) by which the Independent Engineer shall certify successful completion of such completion test and that is accompanied by (a) a certificate of the Independent Engineer, if any, certifying that in its professional judgment (i) such plan is reasonable and technically feasible and is reasonably expected to restore the Project to (A) at least as good condition or state of repair as it was in prior to such Loss or (B) its original specifications, and (ii) after taking into consideration the Loss Proceeds with respect thereto and any business interruption insurance (together with all other proceeds reasonably expected to be available for the Restoration of the Project) there will be adequate cash flow during the Restoration period to Restore the Project and to pay all ongoing obligations as they become due, and such Restoration will not have a Material Adverse Effect on the Issuer’s ability to perform its obligations under any of the Financing Documents; and (b) a certificate of the Issuer certifying that the Restoration of the Project in accordance with the plan or the operation of the Project following such Restoration will not violate any terms of the Financing Documents, any Required Approval or applicable law.
Sample 1
Approved Restoration Plan means a plan (including details as to budget, schedule and sources of funds) submitted to and approved in writing by the Agent Bank (in consultation with the Independent Engineer), which approval shall not be unreasonably withheld or delayed, relating to the rebuilding, repairing, restoring or replacing of the Project upon damage to or destruction of, or upon condemnation or appropriation or any similar event with respect to, all or a portion of the Project.
Sample 1

Related to Approved Restoration Plan

  • Restoration Plan means all technical and organisational measures necessary for the restoration of the system back to normal state;

  • Management Plan means a plan to manage the activities and protect the special value or values in an Antarctic Specially Protected Area or an Antarctic Specially Managed Area.

  • Redevelopment Plan means the “Lincoln Center Redevelopment Plan” passed, adopted and approved by the City pursuant to the Resolution, and shall include any amendment of said Redevelopment Plan heretofore or hereafter made by the City pursuant to law.

  • Project Implementation Plan means the detail plan submitted by the Developer with regard to development of Project Facilities and its operation and management thereof in accordance with this Agreement and to be appended as Schedule 9 to this Agreement.

  • Improvement Plan means the plan required by the Authority from the Supplier which shall detail how the Supplier will improve the provision of the Goods and/or Services pursuant to Clause 29.1.1 (Authority Remedies);

  • State implementation plan or “SIP” means the plan adopted by the state of Iowa and approved by the Administrator which provides for implementation, maintenance, and enforcement of such primary and secondary ambient air quality standards as they are adopted by the Administrator, pursuant to the Act.

  • Construction Plans means plans, drawings, specifications and related documents, and construction schedules for the construction of the Project, together with all supplements, amendments or corrections, submitted by the Developer and approved by the City in accordance with this Agreement.

  • Reclamation plan means a plan submitted by an applicant for a permit which sets forth a plan for reclamation of the proposed surface coal mining operations pursuant to subsection 2 of section 38-14.1-14.

  • Adopt a comprehensive land use plan means to enact a new

  • Area Plan or “multiyear area plan” means a document, developed in accordance with the uniform area plan format and IAPI issued by the department, that is submitted to the department every four years, with annual updates, by an AAA in order to receive subgrants from the department’s grants.

  • Remediation Plan means a report identifying:

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • Implementation Plan means the schedule included in the Statement of Work setting forth the sequence of events for the performance of Services under the Statement of Work, including the Milestones and Milestone Dates.

  • Pest Management Plan and “PMP” means the Recipient’s plan dated March 9, 2010, which: (i) addresses the concerns relating to the Project risks associated with potential increases in the use of pesticides for agricultural production, intensification and diversification and controlling disease vector populations arising from irrigation schemes; (ii) sets forth mitigation and monitoring measures to be taken during Project implementation and operation to eliminate adverse environmental and social impacts, offset them, or reduce them to acceptable levels; (iii) recommends institutional measures to strengthen national capacities to implement the mitigation and monitoring measures; and (iv) as part of the implementation arrangements, identifies national agencies and other partners that could play a vital role in the success of the Project.

  • Project area plan means a written plan that, after the plan's effective date, guides and controls the development within a project area.

  • Procurement Plan means the Recipient’s procurement plan for the Project, dated April 2, 2010, and referred to in paragraph 1.16 of the Procurement Guidelines and paragraph 1.24 of the Consultant Guidelines, as the same shall be updated from time to time in accordance with the provisions of said paragraphs.

  • Stormwater management plan means the set of drawings and other documents that comprise all the information and specifications for the programs, drainage systems, structures, BMPs, concepts and techniques intended to maintain or restore quality and quantity of stormwater runoff to pre-development levels.

  • Project Management Plan means the management plan that (i) sets out a high level workplan to describe the manner in which the Design-Builder will manage the Project, including to address related matters such as traffic management and communications, and (ii) is prepared by or for the Design-Builder and submitted to the Owner;

  • Development Plans has the meaning set forth in Section 3.2.

  • Continuous Improvement Plan means a plan for improving the provision of the Goods and/or Services and/or reducing the Charges produced by the Supplier pursuant to Framework Schedule 12 (Continuous Improvement and Benchmarking);

  • Transition Plan means a transition plan, acceptable to the LHIN that indicates how the needs of the HSP’s clients will be met following the termination of this Agreement and how the transition of the clients to new service providers will be effected in a timely manner; and

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • Operational Plan means a Forest Stewardship Plan, Woodlot Licence Plan, a Range Use Plan, or Range Stewardship Plan, as those terms are defined in provincial forest and range legislation;

  • 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.

  • Master Plan means a subcontracting plan that contains all the required elements of an individual contract plan, except goals, and may be incorporated into individual contract plans, provided the master plan has been approved.

  • Asset Management Plan means a plan created by the department and approved by the state transportation commission or a plan created by a local road agency and approved by the local road agency's governing body that includes provisions for asset inventory, performance goals, risk of failure analysis, anticipated revenues and expenses, performance outcomes, and coordination with other infrastructure owners.