Biogas Project definition
Examples of Biogas Project in a sentence
The costs of utility services required to operate and maintain the Project shall be allocated between the Parties as set forth in the body of the Biogas Project Agreement and in the Lease.
The acceptance by Lessor of compensation provided for by this Lease or the Biogas Project Agreement after a default by Lessee shall not be deemed a waiver of any preceding breach by Lessee other than the failure to pay the particular amount so accepted.
This Bond and all other similar bonds issued by the Co-operative are secured by a floating charge in favour of the Trustee for the benefit of all members of the Co-operative who are holders of similar bonds to this Bond, on the equipment used for the biogas installation and generation of electricity by the Co-operative at the Toronto Zoo and all related agreements and contracts entered into for these purposes (the Biogas Project), on the terms set out in a Trust Agreement dated July 11, 2013.
Complying with all Permits in accordance with the terms of the Biogas Project Agreement.
The Co-operative will keep the Biogas Project insured to the its full value with a reputable insurance company against loss or damage by fire and such other risks as are in accordance with sound commercial practice normally insured against, and shall produce the last receipts for such insurance to the Trustee for inspection on demand.
Concurrent with the execution and delivery of this Agreement, Phoenix and Developer are entering into a Biogas Project Lease (the "Lease"), in the form attached hereto as Exhibit A, in which Phoenix will lease the Project Site to Developer.
As security for the due payment of all money payable pursuant to the Securities, the Co-operative shall deliver the Charge in favour of the Trustee on the Biogas Project, to rank subsequent to a first charge of the lease between the Co-operative and the Toronto Zoo in the maximum principal amount of $4,320,000.
At any time after an event of default has occurred, the Trustee may appoint by writing a receiver of the Biogas Project upon such terms regarding remuneration and otherwise as the Trustee shall think fit, and remove any receiver so appointed and appoint another in his/her place.
Section 11.04(a) (Access) of the Biogas Project Agreement is incorporated herein by reference.
If Phoenix is unable to so indemnify and hold Developer harmless, Phoenix shall be deemed to have exercised its option to terminate the Biogas Project Agreement at its convenience pursuant to Section 5.16 thereof.