JV Facility definition
Examples of JV Facility in a sentence
The JV Facility Loan Parties shall have provided at least three business days prior to the JV Closing Date the documentation and other information to the Lenders that is required by regulatory authorities under applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Patriot Act to the extent requested in writing at least 10 days prior to the JV Closing Date.
SEPA will be responsible for the transportation of the Industrial Residues to the JV Facility and Project Company will be in charge of the final disposal and will use commercially reasonable efforts to obtain a “Destruction Certificate” for such Industrial Residues if necessary to comply with applicable law.
SEPA acknowledges that it will be a very important provider of Industrial Residues to the JV Facility.
Subject to Section 5.03(c), during each Royalty Compensation Year for each JV Facility, the Potential Partners shall cause the JV Entity owning such JV Facility to pay Gevo a royalty of [*****].
Upon request by the Potential Partners or a JV Entity with respect to the application of the Axens Processes at a JV Facility, Gevo will provide up to twenty (20) hours of non-exclusive consulting services pursuant to a consulting services agreement (the “CSA”), the form of which shall be mutually agreed to by the Parties, at no additional expense to the Potential Partners or any JV Entity other than the consideration payable to Gevo in accordance with Article V.
Subject to the conditions set forth in the preceding sentence, the Project Company will supervise the construction and operation of the JV Facility.
From GPI, a counterpart to a facility fee letter, to be dated the JV Closing Date (the “JV Closing Date Fee Letter”), providing for the payment by GPI of the annual administrative agency fee in an amount equal to the administrative agency fee set forth in the Fee Letter and the agreement by GPI to comply with the flex provisions of the Fee Letter to the extent applicable to the JV Facility Agreement.
The JV Facility will be operated and managed by IPWG on behalf of the Project Company and IPWG may charge a reasonable management fee to the JV consistent with other IPWG facilities subject to any distinguishing factors from such facilities, and if no such other facilities are then in operation, IPWG may charge a reasonable fee based on relevant factors.
SEPA shall transfer and assign and contribute, at its sole expense, to the Project Company all permits, licenses and government approvals (“Permits”) that SEPA already possesses and which are necessary or helpful to the construction of the JV Facility or the operations of the Project Company on or before December 15, 2006, and will assist Project Company with securing all other Permits that are necessary or helpful to the construction of the JV Facility or the operations of the Project Company.
For purposes of this Agreement, “Confidential Information” shall mean all confidential, proprietary or non-public information pertaining to any Party or any JV Entity or JV Facility that is disclosed to another Party by or on behalf of such Party or JV Entity, including any Applicable Production Records and Applicable Milestone Records.