Delta Project definition
Examples of Delta Project in a sentence
In determining the NOD Allocation for any year, the State shall determine which Project operational or regulatory conditions, if any, impact only the availability of Project water to contractors with service areas that receive water from the Delta Project export facilities South of the Delta (“SOD”) and which Project operational or regulatory restrictions have a system-wide impact on water availability to the Project in general.
During the period from the date of this Agreement until the Closing, Parent will provide Purchaser with monthly reports and weekly updates relating to the Delta Project, including updates with respect to changes to the Delta Construction Budget.
All such insurance coverage maintained for the benefit of the Companies by Parent or any Affiliate of Parent (other than policies maintained by the Companies) shall be terminated as of the Closing; provided, however, that Parent shall use its reasonable best efforts to assign to Purchaser or one of the Companies the builder’s risk policy for the Delta Project.
The Delta Project is being constructed in accordance with Good Construction Practices and consistent with the requirements of the Delta Construction Budget and the Constellation PPA, in each case in all material respects.
As of the Closing Date, the Delta Project shall be on schedule for COD no later than March 1, 2012, as certified by the Delta Independent Engineer.
In addition, during the period from the date of this Agreement until the Closing, Purchaser, at its sole cost and risk, will be allowed to designate one Representative to be on-site at the Delta Project during normal business hours and without significant interference with the operations or construction of the Delta Project.
None of Parent, Holdings or the Company has any reason to believe that any Environmental Permit listed in Section 3.20(b) of the Disclosure Letter cannot be obtained in due course prior to the time when such Environmental Permit will be required for the applicable stage of the construction of the Delta Project or the commercial operation thereof.
The proceeds of the Term Loans, together with the Equity Contribution, shall be used solely to pay the cash consideration for the Acquisition, to pay Restructuring Costs, to fund the remaining Capital Expenditures for the Delta Project and to pay fees and expenses related to the Transactions.
None of Parent, Holdings or the Company has any reason to believe that any Permit listed in Section 3.19(b) of the Disclosure Letter cannot be obtained in due course prior to the time when such Permit will be required for the applicable stage of the construction of the Delta Project or the commercial operation thereof.
Without limiting the generality of the foregoing, Purchaser will be notified of, and provided the opportunity to participate as an observer in, any third party meetings or negotiations, including those with any third party providing legal, engineering, procurement and/or construction services for the Delta Project.