Phase I Project Clause Samples
Phase I Project. Simultaneous with the execution and delivery of this Agreement, the State and BREP are entering into the Phase I Project, which is evidenced by the Phase I Ancillary Agreements and the Phase I Project Adoption Agreement.
Phase I Project. The Company shall direct that all Loss Proceeds in respect of the Phase I Project at any time prior to the Phase I Substantial Completion Date in respect of such Project shall be paid by the insurers, reinsurers, Governmental Authorities or other payors directly to the Disbursement Agent for deposit in the Company’s Funds Account. In the event that for a period of one hundred twenty (120) days after any such Loss Proceeds are deposited in the Company’s Funds Account, the Company is not permitted pursuant to the terms hereof to obtain Advances of such Loss Proceeds to pay Project Costs allocated to the Phase I Project in the Phase I Project Budget, then the Company shall use all other such proceeds and funds on deposit in the Completion Guaranty Deposit Account and the Project Liquidity Reserve Account to prepay the Loans and the 2014 Notes in accordance with the Bank Credit Agreement and the 2014 Notes Indenture, respectively, in each case, subject to the Intercreditor Agreement.
Phase I Project. On the Final Completion Date for the Phase I Project, the Disbursement Agent shall release to the Company any amounts in excess of $30,000,000 then on deposit in the Completion Guaranty Deposit Account. Any amounts so released to the Company from the Completion Guaranty Deposit Amount shall constitute a dividend from the Completion Guarantor to the Company.
Phase I Project. The Company is constructing and plans to own and operate ▇▇▇▇ Las Vegas, an approximately 2,700-room hotel, casino, golf course and entertainment complex with related ancillary facilities, located on the site of the former Desert Inn Resort & Casino (the “Phase I Project”).
Phase I Project. Area Key project features include the following: CM/GC Work Phases
Phase I Project. Wynn Las Vegas, LLC, a Nevada limited liability company (the "Company"), is constructing and plans to own and operate ▇▇▇▇ Las Vegas, an approximately 2,700-room hotel, casino, golf course and entertainment complex with related ancillary facilities, located on the site of the former Desert Inn Resort & Casino (the "PHASE I PROJECT").
Phase I Project. The Capacity Rights Agreement was later amended on August 20, 1999. The respective capacity rights of Valley District and SGPWA described in the two Joint Facilities Agreement were assigned to DWR in the Capacity Rights Agreement. After the EBX Phase II project was completed, the Board of Directors approved the Third Joint Facilities Agreement with SGPWA on February 17, 2015, which amended the capacity rights of the District and SGPWA to conform to the enhanced capacities of the new EBX facilities. In this agreement, purchases price and sales terms of certain capacities in the pipeline facilities with SGPWA were contemplated. To formalize the purchase price and sale terms for the associated capacity rights that were contemplated in the Third Joint Facilities Agreement, the Fourth Agreement (attached) has since been developed collaboratively by Valley District and SGPWA staff. This includes the SGPWA purchasing a 32 cubic feet per second in the Foothill Pipeline and the District purchasing back SGPWA’s unused capacity in other local facilities in anticipation of the Enhanced Recharge and the Bunker Hill Conjunctive Use Projects. The attached agreement is being reviewed by Counsel from both agencies. Any non-substantive revisions suggested by Counsel will be incorporated in the final agreement before consideration by the Board of Directors at a future meeting.
Phase I Project. The 100 unit multifamily project owned by the Phase I Partnership and located adjacent to the Land on property leased from Lessor. (sss) Prime Construction Contract is defined in Section 3.6. (ttt) Prevailing Wage Laws is defined in Section 3.1 d.