Material Project Contracts definition
Material Project Contracts means each (a) Data Center Lease/License to which the Pledgor is a party, (b) the Intercompany Services Agreement and (c) any other agreement explicitly designated as a “Material Project Contract” by the Borrower and the Lender Representative pursuant to the Credit Agreement and to which the Pledgor is a party.
Material Project Contracts means the Project Agreement, the Construction Contract, the Construction Guarantee, any operations and maintenance contract for all or substantially all of the operations and maintenance obligations of the Borrower under the Project Agreement and the term of which ends no earlier than the Expiry Date; in each case as amended or replaced in accordance with the terms of the Series 2017 Loan Documents or the TIFIA Loan Documents.
Material Project Contracts means (a) the Master Services Agreements, (b) the Intercompany Services Agreement, (c) the assignment agreements with respect to each Master Services Agreement between the Parent and the Borrower and (d) any other agreement designated as a “Material Project Contract” by the Borrower and the Lender Representative.
Examples of Material Project Contracts in a sentence
No event has occurred and is continuing which, with the passage of time or the giving of notice or both, would constitute a “default” or “event of default” under any loan agreement, indenture, bond, note, resolution, agreement or other instrument to which a Borrower is a party or is otherwise subject, including under any of the other Loan Documents, Note Documents or the Material Project Contracts.
More Definitions of Material Project Contracts
Material Project Contracts means the Project Agreement, the Construction Contract, the Construction Guarantee, any operations and maintenance contract for all or substantially all of the operations and maintenance obligations of the Borrower under the Project Agreement and the term of which ends no earlier than the Expiry Date; in each case as amended or replaced in accordance with the terms of the Series 2017 Loan Documents, any Additional Loan Documents or the TIFIA Loan Documents.
Material Project Contracts means (a) the Closing Date MSAs, (b) the Intercompany Services Agreement, (c) the assignment agreements with respect to each Closing Date MSA between the Parent and the Borrower and (d) any other agreement designated as a “Material Project Contract” by the Borrower and the Lender Representative.
Material Project Contracts has the meaning assigned to it in Appendix A to the MSA. “Member” or “Sponsor Member” means Plenary Roads Denver Ltd., a corporation established under the laws of the State of Colorado, and any successor thereto.
Material Project Contracts. (i) The EPC Contract, once Borrower has entered into such agreement, (ii) the Real Estate Documents, (iii) the Offtake Agreements, (iv) the Wellfield Contracts once entered into by the Borrower, and (v) transmission interconnection agreements once entered into by the Borrower, in each case, with respect to the Project.
Material Project Contracts means (a) the Master Services Agreement, (b) the Intercompany Services Agreements, (c) the assignment agreements with respect to Phoenix 1 between the Parent and the Co-Borrower, (d) without duplication, the agreements listed on Schedule 3.05 and (e) any other agreement designated as a “Material Project Contract” by the Borrowers and the Administrative Agent. “Maximum Rate” shall have the meaning assigned to such term in Section 9.09. “Minimum Liquidity Amount” shall mean: (a) on any Monthly Payment Date ended on and after the Closing Date but prior to September 1, 2025, $50,000,000; (b) on any Monthly Payment Date ended on and after September 1, 2025 but prior to March 1, 2026, $100,000,000; (c) on any Monthly Payment Date ended on and after March 1, 2026 but prior to April 1, 2026, $175,000,000; (d) on any Monthly Payment Date ended on and after April 1, 2026 but prior to May 1, 2026, $125,000,000; (e) on any Monthly Payment Date ended on and after May 1, 2026 but prior to August 1, 2027, $100,00,000; (f) on any Monthly Payment Date ended on and after August 1, 2027 but prior to August 1, 2028, $75,00,000; and
Material Project Contracts means (a) with respect to each Qualified Construction Project, each of (i) the gas rights agreement and/or other applicable agreements securing feedstock biogas and land rights, (ii) EPC agreements (if applicable with respect to such Qualified Construction Project), design/bid/build agreements, engineering services agreements, construction agreements and the associated notices to proceed for each of the foregoing and (iii) any other contracts material to such Qualified Construction Project’s viability or economic profile, including, without limitation, site lease agreements (as applicable) and (b) any other contract or arrangement to which any Restricted Person is a party (other than the Loan Documents) for which breach, nonperformance, cancellation or failure to renew could reasonably be expected to result in a Material Adverse Change.”
Material Project Contracts means the following material contracts executed by the Company relating to the Project, as such agreements have been amended, modified or supplemented: (a) each Major Offtake Agreement; (b) the Construction Services Agreement; (c) the O&M Agreements; (d) the Settlement Agreement, (e) Delivery Interconnect Agreements, (f) any replacement of any of the foregoing documents and (g) any additional Project Contract entered into on or after the Closing Date that provides for the payment to or by an Issuer Party of, or the provision to or by an Issuer Party of, goods or services with a value in excess of $500,000 in any calendar year or $1,000,000 for the term of such Project Contract other than any agreements in respect of Permitted Debt and any related Permitted Encumbrances, contracts for the purchase of insurance required by the Note Documents, contracts in respect of the decommissioning or abandonment of the Legacy System solely to the extent all obligations thereunder are paid directly by a Person other than an Issuer Party or all obligations of the Issuer Parties thereunder are indemnified and reimbursed by an Affiliate that is not an Issuer Party pursuant to the O&M Agreements, or documents in respect of Permitted Investments.