Project Document Clause Samples

Project Document. The Issuer must exercise its rights under and comply with its material obligations under each Project Document in a proper and timely manner.

Project Document. Each Project Document (i) to which either of Mountain or 2435386 is a party, is in full force and effect, and (ii) to which the Operator (but not Mountain or ▇▇▇▇▇▇▇) is a party is, to the knowledge of Mountain, in full force and effect, except to the extent to that such Project Document has been discharged in accordance with its terms and provided that no rights, obligations or liabilities (contingent or otherwise) of any party to it remain outstanding. Other than any disputes set out in the Mountain Disclosure Letter (i) there is no dispute in connection with any Project Document to which Mountain or 2435386 is a party; and (ii) to the knowledge of Mountain, there is no dispute in connection with any Project Document to which De Beers is a party. To the knowledge of Mountain, the Operator is not in breach of any of its material obligations under Project Documents to which it is a party and no party to any Project Document in breach of the material terms of any Project Document to which it is a party.

Project Document. The official documents setting forth information and requirements; contract forms, bonds, and certificates; general and supplementary conditions of the Contract Documents; the specifications; and the plans and drawings of the Project.

Project Document. The Project Document is intended to describe the Services and any other relevant terms and conditions for performance of the Services under this Agreement. The Project Document attached to this Agreement as of the Effective Date is preliminary; the Parties shall work in good faith to update and expand that preliminary Project Document, consistent with the preliminary Project Document and the terms and conditions of this Agreement, so that a final Project Document is complete within [***] ([***]) days after the Effective Date. The preliminary Project Document is incorporated into and forms an integral part of this Agreement; updated or amended Project Documents will become part of this Agreement upon execution by both Parties. In the event of a conflict between the terms in the main body of this Agreement and any terms of the Project Document, the main body of this Agreement controls.

Project Document. The Issuer must exercise its rights under and comply with its material obligations under each Project Document in a proper and timely manner. 6 Reserve: The Issuer will at all times any amount is outstanding under this Deed and until the Final Repayment Date: 6.1 maintain an amount in free cash in a segregated bank account in its name (the “Reserve”) consisting of an amount equal to the sum of fifty per cent. (50%) of the Annual Interest Amount and one thirtieth (1/30th) of the total amount of the Issue Amount (to be used solely for repayment of Principal and payment of Interest, Additional Interest or Deferred Amounts) provided that, if the Issuer makes any payment out of the Reserve in accordance with clause 11.3, the amount of Reserve shall temporarily reduce and the Issuer shall fund the resulting shortfall out of any Relevant Surplus; and 6.2 set aside and maintain an amount in free cash in a segregated bank account in its name) equal to £3,294 per annum each year during the term of the Debentures as an operational contingency reserve (the “Operational Reserve”) to be used solely in the ordinary course of running the Project and for meeting any decommissioning liabilities over the life of the Project.

Project Document. Project Title: Green public spaces for all: enhancing inclusivity and sustainability in the city of São Paulo

Project Document. The Project Document is attached as ▇▇▇▇▇ ▇. The Project Document will be reviewed and updated in connection with joint project reviews. Changes in the Project Document are subject to the approval of the National Economic and Development Authority (NEDA) and the Danish competent authorities.

Project Document. The Issuer must exercise its rights under and comply with its material obligations under each Project Document in a proper and timely manner. 6 Reserve: The Issuer will at all times any amount is outstanding under this Deed and until the Final Repayment Date maintain an amount in free cash (the ‘Reserve’) consisting of an amount equal to thirty one thousand six hundred and nineteen pounds sterling (£31,619) to be used solely for repayment of Principal and payment of Interest, Additional Interest or Deferred Amounts provided that, if the Issuer makes any payment out of the in accordance with clause 11.3, the amount of Reserve shall temporarily reduce and the Issuer shall fund the resulting shortfall out of any Relevant Surplus. The amount of £31,619 is calculated on the assumption that the Issue Amount is three hundred thousand pounds (£300,000). In the event that the Issue Amount is less than three hundred thousand pounds (£300,000), the Reserve amount shall be adjusted so that it will retain coverage of one six monthly repayment of Principal and payment of Interest together with the amount of any potential annual debt service shortfall throughout the term of the Debenture (as shown in the agreed financial model on the closing date).

Project Document. The Issuer must exercise its rights under and comply with its material obligations under each Project Document in a proper and timely manner. 6 Reserve: 6.1 The Issuer will at all times any amount is outstanding under this Deed and until the Final Repayment Date maintain an amount in free cash in an account designated the “Debt Service Reserve Account” at the bank notified to the Agent prior to the date of this Deed consisting of an amount equal to the sum of fifty per cent (50%) of the Annual Interest Amount and one fourteenth (1/14th) of the total amount of the Issue Amount (to be used solely for repayment of Principal and payment of Interest, Additional Interest or Deferred Amounts) provided that, if the Issuer makes any payment out of the Reserve in accordance with clause 11.3, the amount of Reserve shall temporarily reduce and the Issuer shall fund the resulting shortfall out of any Relevant Surplus. 6.2 The Issuer shall notify the Agent as soon as reasonably practicable of any payment made out of the Reserve pursuant to clause 11.3 and the amount of such payment. 6.3 The Issuer may use the balance in the Reserve to make the payment of interest and the repayment of Principal due in the final six months prior to the due repayment in full of all amounts due hereunder.