Outsourcing Project definition

Outsourcing Project a project under which an Outsourcing Project Subsidiary operates a meter reading system constructed by the Borrower or its Subsidiaries consisting of hardware and software within the service territory of a utility or the equivalent and enters into or succeeds to a contract with such Person for the construction or operation of the meter reading system and long-term operations and maintenance thereof for a price to be paid as output is delivered.
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Outsourcing Project means a project under which an Outsourcing Project Subsidiary operates a meter reading system constructed by Itron or a Subsidiary of Itron consisting of hardware and software within the service territory of a utility or the equivalent and enters into or succeeds to a contract with such Person for the construction or operation of the meter reading system and long-term operations and maintenance thereof for a price to be paid as output is delivered.
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Examples of Outsourcing Project in a sentence

  • The proceeds of the Revolving Loans shall be used to finance a portion of the Acquisition and to pay related fees and expenses and, following the consummation of the Acquisition, shall be used, together with the proceeds of the Swingline Loans, and the Letters of Credit, for general corporate purposes, except no such proceeds will be used for any optional or voluntary payment, prepayment, repurchase or redemption, or the defeasance or segregation of funds with respect to Outsourcing Project Indebtedness.

  • The Outsourcing Project Bonus, if earned, will be paid to Executive within thirty (30) days following the end of the sixth month following completion of the Project.

  • In the event that his resignation is for Good Reason (as defined below), Executive will be entitled to receive the Standard Entitlements and, if earned as of the date of termination and unpaid, the Outsourcing Project Bonus.

  • If Employer terminates Executive’s employment without Cause, Executive shall be entitled to receive the Standard Entitlements and, if earned as of the date of termination and unpaid, the Outsourcing Project Bonus.

  • The determination of whether or not the performance objectives for the Outsourcing Project Bonus have been achieved shall be made at the sole discretion of the Compensation Committee of the Board.

  • Borrower will use the proceeds of (a) the Term Loans to finance the Transactions and (b) the Revolving Loans and Swingline Loans after the Closing Date for general corporate purposes (including to effect Permitted Acquisitions), except no such proceeds will be used for any optional or voluntary payment, prepayment, repurchase or redemption, or the defeasance or segregation of funds with respect to Outsourcing Project Indebtedness.

  • The Board is of the view that, the Collaboration and Outsourcing Project will not have any material effect on the issued share capital and substantial shareholders’ shareholdings of the Company as there is no issuance of new ordinary shares in the Company.

  • Bank agrees to release any security interest it may have in such related Outsourcing Project Assets at the time Borrower obtains such project financing arrangements.

  • Neither Company nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired, except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale or Outsourcing Project Assets.

  • Bank agrees that the Borrower may from time to time enter into long-term, fixed rate, third party project financing arrangements for an Outsourcing Project, in the ordinary course of its business, with such financing to be secured by the Outsourcing Project Assets related thereto.

Related to Outsourcing Project

  • Outsourcing facility means a facility that is engaged in the compounding of sterile drugs and is currently registered as an outsourcing facility with the U.S. Secretary of Health and Human Services and that complies with all applicable requirements of federal and state law, including the Federal Food, Drug, and Cosmetic Act.

  • outsourcing means an arrangement of any form between an insurance or reinsurance undertaking and a service provider, whether a supervised entity or not, by which that service provider performs a process, a service or an activity, whether directly or by sub-outsourcing, which would otherwise be performed by the insurance or reinsurance undertaking itself;

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Projects means the projects identified in Exhibit A to the Agreement and all other projects, any costs of which are included in a Transitional Capital Plan pursuant to the Act or are Recovery Costs, and financed, by payment or reimbursement, with the proceeds of Bonds or Notes.

  • Infrastructure project means any activity related to the construction, alteration, maintenance, or repair of infrastructure in the United States regardless of whether infrastructure is the primary purpose of the project. See also paragraphs (c) and (d) of 2 CFR 184.4.