Approved Completion Bond definition

Approved Completion Bond means with respect to a Picture, a completion bond, in form and substance satisfactory to the Administrative Agent, issued by an Approved Completion Guarantor, which bond (i) names the Administrative Agent (for the benefit of the Secured Parties), and in appropriate circumstances, the applicable Foreign Rights Lender, Approved Co-Financier, Approved Co-Financing Venture Counterparty, Credit Party or other appropriate Persons as beneficiaries and (ii) guarantees, subject to standard terms and conditions, due and timely delivery of such Picture by the delivery date set forth therein, or else payment to the Administrative Agent (on behalf of the Secured Parties) of an amount at least equal to (a) the Negative Cost of such Picture actually spent or provided for (other than the portion thereof provided by the relevant Approved Completion Guarantor or by the applicable Foreign Rights Lender, Approved Co-Financier, or Approved Co-Financing Venture Counterparty, limited with regard to the latter to the portion for which the Approved Completion Guarantor has a direct payment obligation to such Person), as well as interest, fees and costs related thereto, or (b), if such Picture is co-financed, the applicable Credit Party’s share of such Negative Cost, as well as interest, fees and costs related thereto.
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Approved Completion Bond means with respect to a Picture, any completion bond issued in connection with the production of such Picture, to the extent approved by the Senior Facility Agent.
Sample 1
Approved Completion Bond means with respect to any Qualifying Picture, a completion bond, in form and substance satisfactory to the Administrative Agent, issued by an Approved Completion Guarantor, which bond (i) names the Administrative Agent (for the benefit of itself, the Issuing Bank and the Lenders) as a beneficiary thereof to the extent of the applicable Credit Party’s financial interest in such Qualifying Picture, and (ii) guarantees, subject to standard terms and conditions, due and timely delivery of such Qualifying Picture no later than the Commitment Termination Date, or else payment to the Administrative Agent (on behalf of itself, the Issuing Bank and the Lenders) of an amount at least equal to the portion of the negative costs of such Qualifying Picture actually spent or provided for.
Sample 1

Examples of Approved Completion Bond in a sentence

  • Only in the case of Pictures, if such Picture is Uncompleted and a Credit Party is obligated to or otherwise will fund a portion of the Direct Negative Costs prior to Completion (or in the case of an acquired Picture, paying any portion of the purchase price prior to delivery to the Credit Party, other than deposits which do not exceed $750,000 in the aggregate for any Picture), the Administrative Agent shall have received an Approved Completion Bond from an Approved Completion Guarantor.

  • The Administrative Agent shall have received an Approved Completion Bond from an Approved Completion Guarantor.


More Definitions of Approved Completion Bond

Approved Completion Bond means with respect to a Picture, a completion bond, in form and substance satisfactory to the Administrative Agent, issued by an Approved Completion Guarantor, which bond (i) names the Administrative Agent (for the benefit of the Secured Parties) as beneficiary thereof to the extent of the applicable Credit Party’s financial interest in such Picture, and (ii) guarantees, subject to standard terms and conditions, due and timely delivery of such Picture by a date no later than one year after the Maturity Date, or else payment to the Administrative Agent (on behalf of the Secured Parties) of an amount at least equal to the aggregate amount expended on the production of such Picture by, or for the account of such Credit Parties, plus interest on, and other bank charges with respect to, such amounts (other than amounts expended by the Approved Completion Guarantor and any Approved Co-Financiers who are also beneficiaries of the Approved Completion Bond).
Sample 1

Related to Approved Completion Bond

  • Completion Bonds means Bonds issued pursuant to a Supplemental Indenture ranking on parity with the Series of Bonds issued under such Supplemental Indenture, the proceeds of which are to be used to complete the Project.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Project Completion means completion of the Redevelopment in accordance with this Agreement to the state where the whole of the Morley Shopping Centre, as so redeveloped, is capable of occupation for its intended purpose;

  • Scheduled Completion Date shall be the date set forth in Clause 10.3;

  • Construction Completion Date means the date by which the overall development of the Project is completed in accordance with the provisions of this Agreement and when the Construction Completion Certificate is issued by the Independent Engineer as per Article 14.1.

  • Project Completion Schedule means the progressive Project Milestones set forth in Schedule-J for completion of the Project Highway on or before the Scheduled Completion Date;

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • Construction Completion means physical construction of a cleanup action component is complete.

  • Completion Rate means the percentage of an apprenticeship cohort who receives a certificate of apprenticeship completion within 1 year of the projected completion date. An apprenticeship cohort is the group of individual apprentices registered to a specific program during a 1 year time frame, except that a cohort does not include the apprentices whose apprenticeship agreement has been cancelled during the probationary period or who have transferred.

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Construction Contract or “contract” means a written agreement between a contractor and a public agency for the construction, alteration, demolition, or repair of a facility, other than a contract having a dollar value of less than $30,000.00 or a contract that provides for 3 or fewer payments.

  • Construction Completion Certificate means a document:

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

  • Construction Contractor means a person who undertakes to or offers to undertake to, or purports to have the capacity to undertake to, or submits a bid to, or does himself or by or through others, construct, alter, repair, add to, subtract from, improve, move, wreck, or demolish any building, highway, road, railroad, excavation, or other structure, project, development, or improvement to real property, or to do any part thereof. "Construction contractor" includes subcontractors, specialty contractors, prime contractors, and any person receiving consideration for the general supervision and/or coordination of such a construction project except for remediation contracting. This definition shall govern without regard to whether or not the construction contractor is acting in fulfillment of a contract.

  • Final Completion Date means the date on which Final Completion occurs.

  • The Completion Date means the date of completion of the Works as certified by the Employer’s Representative.

  • EPC Contractor means Seller’s engineering, procurement and construction contractor or such Person performing those functions.

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Performance Bond means the financial security for performance a USF Service Provider must furnish in accordance with section 54 of this RFA;

  • Substantial Completion Date means the required date for Substantial Completion of the Project. The Substantial Completion Date can be adjusted only by written Change Order.