Pool B Project definition

Pool B Project means any Eligible Project which, when the Borrowing Base is computed at the end of any reporting period, does not meet the definition of a Pool A Project.
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Examples of Pool B Project in a sentence

  • If any Eligible Project does not qualify as a Pool A Project, it shall be classified as a Pool B Project or a Pool C Project based upon the length of time that it has failed to satisfy the applicable criteria for a Pool A Project.

  • In the event Borrowers desires to have Agent and Lender fund the Pool B Funding Amount in two or more separate fundings, then Borrowers shall be required to satisfy all of the aforementioned conditions set forth above and as set forth in Parts A and B of Schedule 2.1 for each separate funding and Agent and Lender shall not be required to fund any amount from the Pool B Funding Amount until said conditions are satisfied with respect to each Pool B Project.

  • Any Eligible Project to be constructed or under construction must qualify as a Pool A Project when it is added to the Borrowing Base; however, any Completed Facility or Acquisition Project which is completed may be added to the Borrowing Base as either a Pool A Project, a Pool B Project or a Pool C Project.

  • The Pool B Funding Amount with respect to each Pool B Project shall not exceed the following amounts: as to California Christian in Rosemead, California, $4,950,000; as to Oklahoma Christian in Edmond, Oklahoma, $4,600,000 as to Lenoir in Lenoir, Missouri, $10,150,000, and as to ▇▇▇▇▇▇ ▇▇▇▇▇ in ▇▇▇▇▇▇▇, Illinois, $5,300,000.

  • In the case of any Eligible Project which otherwise qualifies as a Pool A Project which is subject to a Joint Venture Lease, ALS or an Affiliate shall exercise its rights to buy-out the ownership interests of all other partners or other owning entities in the Joint Venture within six (6) months from the date on which such Eligible Project becomes a Stabilized Facility or the Eligible Project will be classified by the Agent as a Pool B Project.

  • Borrowers shall have provided Agent with written notice of the requested release at least thirty (30) days, as to a Pool A Project, or ten (10) days, as to a Pool B Project, prior to the requested closing date which notice may be conditioned on the closing of the sale or refinancing transaction, the proceeds of which are intended to be used by Borrowers to prepay the Loan in accordance with the terms hereof.

Related to Pool B Project

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

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

  • The Project Site, where applicable, means the place or places named in the SCC.

  • Project Facility means facility being one or more of the following facilities as specified in the Special Conditions of Contract, being developed in accordance with the Project and the Detailed Project Implementation Report and includes all its buildings, equipment, facilities, software and systems and includes without limitation, where the circumstances so require, any expansion thereof from time to time and may include any new location to be separately mentioned in the Special Conditions of Contract.

  • Existing Project means a project declared under commercial operation prior to the date of effectiveness of these Regulations;