Approved Project Sample Clauses

Approved Project. This Agreement is intended only and solely to allow partial abatement of the sales and use taxes and/or property taxes upon Owner’s Arrow Canyon Solar, LLC (Facility) according to the representations made in Owner’s Application Filing No. (AFN) 21-0820SPV (Application) filed August 20, 2021, the Findings of Fact, Conclusions of Law, and Order (Order) issued by the Director on January 3, 2022 regarding AFN 21-0820SPV resultant from a public hearing held by the Director on January 3, 2022.
Approved Project. A Construction Project or design of a Construction Project funded partially or in whole by Prepayments and approved by the Participants.
Approved Project. If the Initial Project is an Approved Project, the conditions set forth in Section 6.4 shall be satisfied with respect to the Approved Project Company that owns the Initial Project; provided that the condition set forth in clause (iii) of Section 6.4(b) shall require the prepayment of Loans in an amount equal to the greater of (a) the amount of Loans that would otherwise be required to be prepaid pursuant such clause (iii) and (b) the aggregate amount of Loans borrowed hereunder in respect of the Initial Project that are outstanding as of the date on which the replacement occurs.
Approved Project. The Subject Project shall be an Approved Project as of the Credit Event Date.
Approved Project. The Port’s approval of the Project, identification of the Eligible Tenant Improvements and establishment of the Tenant Reimbursement Amount are all predicated on its reviews of the Project Documents. These Project Documents are specifically incorporated into this Agreement by this reference. Tenant acknowledges that any changes to the Project from that reflected in the Project Documents may affect the Port’s approval, the determination of the Eligible Tenant Improvements and/or the Tenant Reimbursement Amount. Therefore, Tenant shall keep the Port reasonably informed about the progress of the Project and any changes (specifically including clarifications and additional design details developed during construction) thereto as more specifically set forth in Section 3.
Approved Project. If Lender approves such Eligible Project as set forth in Section 2.2(ii) above (herein, an “Approved Project”), Lender shall issue a Mortgage Loan Application for such Approved Project within five (5) Business Days after delivery of the Lender Notice. Company may, in its sole discretion, either submit or elect not to submit to Lender any such Mortgage Loan Application within the time periods set forth therein. If Company accepts any such Mortgage Loan Application then, subject to the terms and provisions of this Agreement and the Mortgage Loan Application (which shall include provisions allowing Lender to either accept or reject the Mortgage Loan Application), Lender, Company and the applicable Project Borrower shall proceed to finalize and enter into the Project Loan Documents for such Approved Project consistent with the terms and subject to the conditions set forth in this Agreement and the Project Loan Documents; provided, however, that if prior to the date the Project Loan Documents are entered into, Lender’s due diligence uncovers facts or circumstances which are inconsistent with the information in the Project Review Request or otherwise adversely affects the Eligible Project, Lender, by providing written notice to Company, can revoke its previous approval of such Eligible Project, in which event such Eligible Project shall no longer be an Approved Project. Each Mortgage Loan Application issued pursuant to the first sentence of this Section 2.3 shall be on Lender’s then-current form and shall include, subject to the agreement of Company and Lender otherwise, the following provisions: (1) a Loan term of between 5 and 10 years, (2) interest only payments (no principal amortization) throughout the term of such Loan, (3) such Loan will be closed to prepayment for the first two (2) years of the term of such Loan (the “Prepayment Lockout Period”) and then will be prepayable in whole or in part upon payment of the Prepayment Fee, (4) a requirement that the applicable Project Borrower deliver to Lender a good faith deposit (the “Deposit”) equal 1% of the Loan Amount for a Loan with a term of five (5) years, 1.5% of the Loan Amount for a Loan with a term of seven (7) years, and 2% of the Loan Amount for a Loan with a term of ten (10) years, (5) a requirement that the applicable Project Borrower deliver to Lender a processing fee equal to $25,000, which processing fee shall be non-refundable in all circumstances, (6) the ability of the applicable Project Borr...
Approved Project. A project funded by any means that is approved by the Parties, as provided herein.
Approved Project. Each Approved Project is a multi-family development for rental in whole, or in part, to low and moderate income tenants and qualifies for federal low income housing tax credits. True, accurate and complete information has been delivered to Agent and each of the Lenders concerning each Approved Project and the same fairly present the status of the subject Approved Project and the subject Project Owner and no material and adverse change has occurred with respect thereto since the date thereof. All information and statements relative to any Approved Projects hereafter furnished to Agent or any of the Lenders (x) if prepared by Borrower or an Affiliate shall be true, accurate and complete and shall fairly present the status of the subject Approved Project and the subject Project Owner as of the date thereof, and (y) if prepared by any Person other than the Borrower or any Affiliates of the Borrower, to the best of Borrower's knowledge, after the Borrower has conducted reasonable investigation with due diligence, shall be true, accurate and complete and shall fairly present the status of the subject Approved Project and the subject Project Owner as of the date thereof.
Approved Project. A proposed Amphitheater which the Executive Committee has approved in accordance with the provisions of Section 10.6(b) hereof as an Amphitheater which the Partnership will construct. Notwithstanding anything to the contrary contained in this Agreement, the Camden Amphitheater is an Approved Project for all purposes of this Agreement.