Financed Project definition
Examples of Financed Project in a sentence
Within 30 days of the end of each fiscal quarter the Company shall remit to the Purchaser financial statements for each of the Financed Projects detailing the revenue and expenses of each such Financed Project (individually, a “Quarterly Expense Report, and collectively, the “Quarterly Expense Reports”), along with the Company’s calculation of the Performance and Bonus (as defined in the Note) interest for the applicable quarter.
For the purposes hereof, “Finance Agreement” means each agreement entered into by the Company in respect of any Financed Project.
The Financed Project may be subleased by the Town, in whole or in part, only to an agency or department or political subdivision of the State, or to another entity or entities if, in the opinion of nationally recognized bond Counsel, such conveyance or sublease will not impair the exclusion from gross income for purposes of federal income taxation of that portion of the Base Rentals which is identified and paid as interest.
Considering the project to be completed as Self- Financed Project by its FOUNDER MEMBER(S) and to be completed in a phased manner, ‘Lifetime Allotted” Residential Unit has been booked on ‘No Profit No Loss Basis’.
The Export Percentage may be reported as a percentage of revenues or units of production of the EXIM Financed Project, provided, however, the Borrower shall use the same metric selected for reporting in the first Annual Report for all remaining required Annual Reports.
The Escrow Agreement provides that the Escrow Agent shall, at the direction of the Town, disburse the moneys held by the Escrow Agent in the Escrow Account to pay the costs of the Financed Project.
If for any reason the Financed Project is not accomplished, there shall be no resulting liability on the part of the Town or the Lender, or an Event of Default hereunder, and there shall be no diminution in or postponement of the Base Rentals and Additional Rentals required to be paid by the Town and for which an appropriation has been effected by the Town during the Lease Term.
The Authority represents that, based upon an examination of property, estimated construction and acquisition costs and the configuration of the Financed Project, the Financed Project can, to the best of the Authority’s present knowledge, be constructed and acquired for a total cost within the amount of funds to be available in the Project Account, together with other legally available funds and anticipated investment income.
Neither the Project Documents nor any change or amendment thereto shall (a) cause the Financed Project to be used for any purpose prohibited hereby or by the Constitution or laws of the State; (b) result in a material reduction in the value of the Financed Project (except as provided in Section 14.04 hereof); or (c) adversely affect the ability of the Authority to meet its obligations hereunder.
Financed Project to be Subleased to Qualified Subtenants 23 Section 13.01.