Material Contract Party definition

Material Contract Party means a party to a Material Contract, other than Project Co;
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Material Contract Party means each party (other than the Borrower) to a Material Project Document, including, without limitation, each Shipper party to a Material Project Document, in each case so long as any Material Project Document to which such Person is a party shall remain in full force and effect or such Person shall have any rights or obligations under or in connection with such Material Project Document.
Sample 1

Examples of Material Contract Party in a sentence

  • If the Material Contract Party is comprised of more than one legal entity, the obligations and liabilities of the Material Contract Party under this Agreement will be the obligations and liabilities of each legal entity comprising the Material Contract Party, jointly and severally with each other such legal entity.

  • Except in accordance with Sections 9.1 to 9.3 (inclusive) or as otherwise expressly permitted under this Agreement, the Authority will not, prior to the Senior Debt Discharge Date, claim, recover, retain or receive(or seek to claim, recover, retain or receive) any amount under either of the Material Project Contractor Collateral Agreements (or either of the Material Contracts) in respect of a loss for which a Material Contract Party is also liable to the Senior Lenders.

  • Unless otherwise defined in this Agreement or to the extent the context requires, this Agreement will be interpreted according to the provisions set out in Sections 2 and 3(b) of Schedule 1 [Definitions and Interpretation] to the Project Agreement, except that references in such section to Project Co will be also deemed to be references to the Material Contract Party.

  • In Undertaking Not less than five Business Days prior to the Proposed Step-in Date, the Material Contract Party will give notice to the Authority of any sums which are due and payable but unpaid by Project Co and of any other material obligations or liabilities, which should have been performed or discharged by Project Co under the Material Contract, in each case, as at the date of the Step-in Notice.

  • BC Hydro may, at any time, terminate the Step-in Period by giving the Material Contract Party at least 30 days' notice specifying the date on which the Step-in Period will terminate (the "Step-out Date").

  • In Undertaking Not less than five Business Days prior to the Proposed Step-in Date, the Material Contract Party will give notice to BC Hydro of any sums which are due and payable but unpaid by Project Co and of any other material obligations or liabilities, which should have been performed or discharged by Project Co under the Material Contract, in each case, as at the date of the Step-in Notice.

  • The Material Contract Party will not terminate the Material Contract without first giving BC Hydro at least ▼ [NTD: insert same notice period required under the Material Contract] Business Days' notice specifying the grounds for such termination (the “Termination Notice”).

  • Nothing in this Agreement will be construed as creating a partnership or as constituting the Material Contract Party as an agent of the Authority.

  • The Material Contract Party will not terminate the Material Contract without first giving the Authority at least [•] [NTD: insert same notice period required under the Material Contract] Business Days' notice specifying the grounds for such termination (the “Termination Notice”).

  • The Material Contract Party will not hold itself out as having any authority or power to bind BC Hydro in any way.

Related to Material Contract Party

  • Material Contract means any contract or other arrangement (other than Loan Documents), whether written or oral, to which any Credit Party is a party as to which the breach, nonperformance, cancellation or failure to renew by any party thereto could reasonably be expected to have a Material Adverse Effect.

  • Project Party means each Person (other than the Borrowers) who is a party to a Project Document.

  • Company Material Contract has the meaning set forth in Section 3.15(a).

  • Material Contracts has the meaning set forth in Section 3.09(a).

  • Parent Material Contract shall have the meaning set forth in Section 4.16(a).

  • Eligible Contract Participant means an “eligible contract participant” as defined in the CEA and regulations thereunder.

  • Material Agreement means any material contract, commitment, agreement (written or oral), instrument, lease or other document, license agreement and agreements relating to intellectual property, to which the Corporation or any Subsidiary are a party or to which any of their property or assets are otherwise bound;

  • Material Project Documents means the Borrower LLC Agreement, the Holdings LLC Agreement, the Construction Contract, the Power Purchase Agreement, the Interconnection Agreement, the O&M Agreement, the Lease, the Water Contract and to the extent material to the Project, any other individual Real Property Document, and each Additional Project Document that is reasonably deemed material to the Project by Lender (in consultation with the Independent Engineer).

  • Company Material Contracts has the meaning set forth in Section 3.18(a).

  • Material Agreements shall have the meaning assigned to such term in Section 4.16 hereof.

  • Material Company means, at any time:

  • Significant Supplier has the meaning set forth in Section 3.22.

  • Material Documents has the meaning set forth in Section 5.23.

  • Material Indebtedness Agreement means any agreement under which any Material Indebtedness was created or is governed or which provides for the incurrence of Indebtedness in an amount which would constitute Material Indebtedness (whether or not an amount of Indebtedness constituting Material Indebtedness is outstanding thereunder).

  • Project Document means any one of the foregoing;

  • Responsible Contractor means a Contractor that has the capability in all material respects to perform the specifications of the Contract. In determining whether a Contractor is a Responsible Contractor, the Agency may consider various factors including, but not limited to, the Contractor’s competence and qualifications to provide the goods or services requested, the Contractor’s integrity and reliability, the past performance of the Contractor and the best interest of the Agency and the State.

  • Applicable Contract any Contract (a) under which the Company has or may acquire any rights, (b) under which the Company has or may become subject to any obligation or liability, or (c) by which the Company or any of the assets owned or used by it is or may become bound.

  • Distinct part means a clearly identifiable area or section within a health care facility, consisting of at least a residential unit, wing, floor, or building containing contiguous rooms.

  • Material Gas Imbalance means, at any time, with respect to all Gas Balancing Agreements to which any Credit Party is a party or by which any Mineral Interest owned by any Credit Party is bound, a net gas imbalance at such time to all such Credit Parties in excess of, in the aggregate, three percent (3%) of the Borrowing Base then in effect.

  • Material Intellectual Property means Intellectual Property that is owned by or licensed to a Grantor and material to the conduct of any Grantor’s business.

  • Transaction Party means the Company and each Guarantor, collectively, “Transaction Parties”.

  • Material Consents as defined in Section 7.3.

  • Material Non Listed Indian Subsidiary means an unlisted subsidiary, incorporated in India, whose income or net worth (i.e. paid up capital and free reserves) exceeds 20% of the consolidated income or net worth respectively, of the listed holding company and its subsidiaries in the immediately preceding accounting year.

  • Material Document Defect As defined in Section 2.03(a) of this Agreement.

  • Eligible Contract means a currently effective written contract between Bank and a Subcustodian satisfying the requirements of paragraph (c)(2) of Rule 17f-5 (including any amendments thereto or successor provisions).

  • Company IP Contract means any Contract to which the Company is a party or by which the Company is bound, that contains any assignment or license of, or covenant not to assert or enforce, any Intellectual Property Right or that otherwise relates to any Company IP or any Intellectual Property developed by, with, or for the Company.