Phase I Project Financing definition

Phase I Project Financing means a bona fide project financing supporting Phase I of the Project.
View Source
Phase I Project Financing means the total of the Phase I State Funds and the Phase I County Contribution.
View Source
Phase I Project Financing means a project financing supporting the Phase I Project having an aggregate financing value in excess of Fifty Million United States Dollars ($50,000,000.00) (net of costs and fees).
View Source

Examples of Phase I Project Financing in a sentence

  • In the event that the costs of Phase I exceed the Phase I Project Financing and the parties have not amended this Agreement or entered into a Phase II Funding Agreement agreeing to the payment of the excess costs, the County shall be responsible for all additional costs, and the County shall have no claim against the State for any amount that exceeds the amount of the Phase I State Funds.

  • The County shall maintain in full force and effect throughout the entire term of this Agreement, property insurance for the perils of all risks of direct physical loss or damage including earthquake and flood covering the Project Parcel in an amount at least equal to the amount of the Phase I Project Financing.

  • Promptly following such consultation, Soluna shall deliver written notice of its decision to undertake an issuance of New Phase I Project Financing Equity to the Investor.

  • Following any such termination, the Investor shall have no obligation or liability to Soluna with respect to the applicable New Phase I Project Financing Equity previously elected to be purchased by the Investor.

  • Any New Phase I Project Financing Equity issued pursuant to this Section 2.1 shall be subject to Section 2.1(c) and be acquired by the Investor making payment to Soluna or its Subsidiary, as applicable, therefor simultaneous with the closing with respect to the project financing to which the New Phase I Project Financing Equity relates.

  • Soluna shall use all commercially reasonable efforts to accommodate any Investor preference or desire to invest in any particular entity or level of the Phase I Project Financing (i.e., whether in Soluna, a Soluna Subsidiary or (if acceptable to the lead investor) directly in the Phase I Project Financing vehicle).

Related to Phase I Project Financing

  • Project Financing means: (a) one or more loans, leases, equity and/or debt financings, together with all modifications, renewals, supplements, substitutions and replacements thereof, the proceeds of which are used to finance or refinance the costs of the Customer Facility, any alteration, expansion or improvement to the Customer Facility, the purchase and sale of the Customer Facility or the operation of the Customer Facility; (b) a power purchase agreement pursuant to which Interconnection Customer’s obligations are secured by a mortgage or other lien on the Customer Facility; or (c) loans and/or debt issues secured by the Customer Facility.

  • Project financing gap means the part of the total project cost,

  • Sub-project means a specific development project to be carried out by a Beneficiary utilizing the proceeds of a Sub-loan;

  • Expansion Project has the meaning set forth in Section IV.3.a of this Agreement.

  • Solar PV Project means the solar Photo Voltaic Power project that uses sunlight for direct conversion into electricity through Photo Voltaic technology.