Major Project Participant definition

Major Project Participant means each of (i) the Project Company, (ii) the Sponsor, (iii) BSII, (iv) BSOI, (v) BSCM, (vi) BLM, (vii) the Power Purchaser, (viii) the EPC Contractor, (ix) the Turbine Supplier, (x) the SRSG Supplier, (xi) the Operator, (xii) any other Sponsor Affiliate designated by the DOE as being material to the success of the Project, and (xiii) any other Project Participant (as defined in the Common Agreement) designated by DOE on or before the Document Closing Date as providing significant construction or engineering services to the Project Company or as otherwise being material to the success of the Project, as set forth in Schedule 4.1 to the Common Agreement.

Major Project Participant means each Person who is party to a Material Project Document.

Major Project Participant each Person who is a party to a Material Contract (other than a Loan Party).

Examples of Major Project Participant in a sentence

• Except as set forth in Schedule 7.11, there are no actions, suits, investigations or proceedings by or before any Governmental Authority or arbitrator pending or, to Borrower’s Knowledge, threatened in writing by or against Borrower or any other Major Project Participant or Investor related to any Project that could be reasonably expected to have a Material Adverse Effect.

• The obligations of each Equity Contributor under this Agreement and each other Equity Document shall not be affected by (i) any default by the Borrower or any other Major Project Participant in the performance or observance of any of its agreements or covenants in this Agreement or any other Transaction Document, or (ii) the insolvency of the Borrower or any other Major Project Participant.

• All insurance policies then required to be maintained by the Loan Parties and the Portfolio Entities and, to Borrower’s or any Portfolio Entity’s Knowledge, each other Major Project Participant pursuant to the terms of any Operative Document are in full force and effect, and all premiums then due and payable have been paid.

• Neither the business nor the properties of any Loan Party, nor, to the knowledge of the Company, any Major Project Participant is affected by any fire, explosion, accident, strike, lockout or other labor dispute (except as set forth in Exhibit R-2 as in effect on the Closing Date), drought, storm, hail, earthquake, embargo, act of God or of the public enemy, or other casualty or event of force majeure, that could reasonably be expected to have a Material Adverse Effect.

• The Borrower shall not (a) abandon, agree to abandon or make any public statements regarding its intention to abandon the development, construction or operation of the Project, or take any action that could be deemed an “abandonment”, or transfer the Project to any Person, or (b) notify any Major Project Participant of its intent to terminate any Principal Project Document or the construction or operation of the Project.

More Definitions of Major Project Participant

Major Project Participant. The Borrower and the Operator.

Major Project Participant has the meaning given in the Bank Credit Agreement.

Major Project Participant is defined with respect to each Project in the applicable Common Agreement for such Project.

Major Project Participant. The Owners’ Agent and the Operator.

Major Project Participant. The Borrower, Kahuku Holdings, the Sponsor, the Project Construction Contractor, the Turbine Supplier, the Battery Supplier, the Output Purchaser, each Operator and each of their respective successors and assigns.

Major Project Participant. The Borrower, Holdco, the Sponsor, the Operator, any Material Project Party, and any other any other project participant designated by the Administrative Agent.

Major Project Participant means any Person (other than the Borrower) party to any Major Project Document and each Person (other than the Borrower) party to any Support Instrument provided in connection with any Major Project Document.