Material Projects definition

Material Projects means, collectively, any capital project of any Borrower, any of its Subsidiaries or a Controlled Joint Venture the aggregate cost of which (inclusive of capital costs expended prior to the acquisition, construction or expansion thereof) is reasonably expected by the Borrowers to exceed, or exceeds, $5,000,000.

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Material Projects means, collectively, any capital project of the Borrower or any of its Restricted Subsidiaries the aggregate cost of which (inclusive of capital costs expended prior to the acquisition, construction or expansion thereof) is reasonably expected by the Borrower to exceed, or exceeds, $3,000,000. For the avoidance of doubt, no Drop-Down Acquisition shall be considered a Material Project.

Material Projects means each Project for which, assuming full performance of the related Contractual Obligations on the part of each Loan Party, each Affiliate thereof and each Permitted Joint Venture, the payments to be received under such Contractual Obligations by each Loan Party, each Affiliate thereof and Permitted Joint Venture are not less than $5,000,000.

Examples of Material Projects in a sentence

• No Person has a direct or indirect ownership or other proprietary or beneficial interest in any Subsidiary of the Company, the Project Real Property or the Material Projects, other than the Project Parties, the Royalty Obligations or another Permitted Encumbrance.

• The Company shall use the Subscription Proceeds for the exploration and development of the Material Projects owned by the Company as of the date hereof, including working capital and general and administrative expenses.

• The minute books and material corporate records of each Project Party are located at its registered office, and the only other offices and/or locations where it keeps tangible property (except for tangible property located at the Material Projects) or conducts any of its Business as of the date hereof are set forth in Schedule 3.1(g).

• There are no pending or, to the knowledge of the Company, proposed changes to Applicable Laws that would render illegal or materially restrict the exploration, development and construction of the Material Projects or the conduct of operations at the Material Projects or that would otherwise reasonably be expected to result in a Material Adverse Effect.

• To the knowledge of the Company, there are no material complaints, issues, Proceedings, inquiries, protests, blockades or initiatives by non-governmental organizations, activist groups or similar entities or Persons, which are ongoing or anticipated which could have the effect of interfering, delaying or impairing the ability to explore, develop or operate the Material Projects.

More Definitions of Material Projects

Material Projects means the mineral properties described in the Offering Documents as the Escobal Mine, the La Arena Mine and the Shahuindo Project;

Material Projects means, collectively, any capital project of the Administrative Borrower or any of its Restricted Subsidiaries (including any capital project owned by the Administrative Borrower or any of its Restricted Subsidiaries which reached its Commercial Operation Date at a time when such capital project was owned by an Unrestricted Subsidiary) the aggregate cost of which (inclusive of capital costs expended prior to the acquisition, construction or expansion thereof) is reasonably expected by the Administrative Borrower to exceed, or exceeds, $3,000,000. For the avoidance of doubt, no Drop-Down Acquisition shall be considered a Material Project.

Material Projects. Orlando, Sandpiper, Bayshore, Crested Butte, Boca Chica, Clearwater, Marathon, Las Vegas, Sarasota, Tavernier and Islemorada. “Optioned Property Provider” shall mean the entities set forth on Schedule 2.15(c) attached hereto. The following projects shall constitute the “Optioned Property Projects”: (a) Bayshore, Clearwater, Orlando, Islemorada, Marathon, Sombrero, Sarasota and Tavernier and (b) if the Closing is consummated for an Optioned Property Provider, the owner of an Optioned Property Provider or any affiliate thereof to acquire any of the following properties then: Sandpiper and/or Crested Butte. If an exception is adequately disclosed in any one section of the Company Disclosure Schedules, it should be deemed disclosed for purposes of each other section of the Company Disclosure Schedules where it is reasonably apparent that such exception is applicable.

Material Projects means, the construction or expansion of any capital project of the Borrower or any of its Restricted Subsidiaries, the aggregate cost of which (inclusive of capital costs expended prior to the acquisition, construction or expansion thereof) is reasonably expected by the Borrower to exceed, or exceeds, $10,000,000.

Material Projects means the following Projects: (i) Kingsville Dome; (ii) ▇▇▇▇▇▇; (iii) Churchrock Section 8; (iv) Churchrock Section 17; (v) Churchrock Mancos; (vi) Crownpoint; (viii) Roca Honda; (ix) West Largo; and (x) Cibola.

Material Projects means, collectively, any capital project of the Administrative Borrower or any of its Restricted Subsidiaries (including any capital project owned by the Administrative Borrower or any of its Restricted Subsidiaries which reached its Commercial Operation Date at a time when such capital project was owned by an Unrestricted Subsidiary) the aggregate cost of which (inclusive of capital costs expended prior to the acquisition, construction or expansion thereof) is reasonably expected by the Administrative Borrower to exceed, or exceeds, $3,000,000.

Material Projects means any capital project of any Restricted Person with respect to the construction or expansion of pipelines, ▇▇▇▇▇, gathering systems or other facilities, provided that the aggregate capital cost of such capital project (inclusive of capital costs expended prior to the acquisition thereof) is reasonably expected to exceed, or exceeds, $20,000,000, as determined by Borrower in its reasonable discretion; provided further that the scheduled commercial operation date for each Material Project shall be reasonably projected by Borrower and shall be reasonably acceptable to the Administrative Agent.