Obligations of the Project Company. (a) The Project Company shall provide Kinergy with all information reasonably requested by Kinergy, and the Project Company shall assist Kinergy as reasonably requested in the solicitation, negotiation and performance of Direct Purchases and Bilateral Transactions.
Obligations of the Project Company. 4.1 Fund its Costs of Entering into and Complying with the Project Agreements The Project Company shall at its sole cost, risk and expense (including but not limited to the costs of legal and other advisers):
Obligations of the Project Company. The Project Company shall, throughout the Term, maintain and repair the PV Facility in order to maintain, throughout the Term, the initial performance specifications as described in the Operating Characteristics (as adjusted to reflect adjustments resulting from specific site climatic conditions), as well as in accordance with Prudent Utility Practice and with the other terms of this Agreement.
Obligations of the Project Company. 22.10.1 The Project Company will take (and will procure that the O&M Contractor and any sub-contractor of theirs and their employees take) all necessary action to provide the Services:
Obligations of the Project Company. Subject to establishment of Project Company and supply of the Collective Land pursuant to the Agreement, the Project Company shall complete renovation of no less than 100 reserved village houses by the end of December 2021, and by the end of April 2022, complete the construction of no less than 8 sets of model houses and build a public service center of not less than 2,000 square meters in the Fuhu Village. The Project Company shall also set up a development fund for local revitalization and development of the Fuhu Village based on 10% of the Project Company’s annual profit. Responsibilities of the parties Shanghai Xinxing is responsible for facilitating the construction of public utilities and infrastructure within the project area, liaising with the PRC local governmental departments for relevant approvals, formulating land consolidation policies, and facilitating the obtaining of subsidies for the Company and the Project Company. The Company is responsible for the overall planning and implementation of the Project, investments on the Lands (including the acquisition costs of the Collective Land), the construction and operating costs of the Project. Management of the Project Company and board composition The Project will be operated and managed by the Company through the Project Company. Shanghai Xinxing and Fuhu Cooperative will not participate in the operation and management of the Project Company. Pursuant to the constitutional documents to be adopted by the Project Company, it is expected that the Project Company will have only one executive director, who shall be nominated by Xxxxxxxx Xxxxx, and subject to appointment and removal in the shareholders meeting of the Project Company.
Obligations of the Project Company. 4.1 Securing the Project finance The Project Company shall assume the responsibility for financing all the investment expenses incurred in the implementation of the Project. One of the conditions for securing the Project finance is that the loans must be secured by a guarantee provided by the state of North-Rhine Westphalia and the guarantee to be provided by the Client referred to at Art. 2.6d).
