Prefunded Projects definition
Examples of Prefunded Projects in a sentence
The Parties acknowledge and agree that the Partnership will bear any costs and expenses associated with the completion of the Prefunded Projects in excess of $3.5 million.
The Partnership acknowledges and agrees that the Partnership will bear any costs and expenses associated with the completion of such Prefunded Projects in excess of the amounts contributed by P66 Company to Gold Line LLC.
For the avoidance of doubt, the Partnership shall have no obligation to refund any amounts to P66 Company if the costs and expenses associated with the completion of such Prefunded Projects do not equal or exceed the amounts contributed by P66 Company to Gold Line LLC.
The Parties acknowledge and agree that Holdings or Carrier, as applicable, will bear any costs and expenses associated with the completion of the Prefunded Projects in excess of the amounts contributed to them prior to the Effective Date.
The Partnership agrees, in consideration of such contributions in respect of the Prefunded Projects, and assuming compliance by P66 Company with the terms of the Tolling Services Agreement, that the Partnership will use its commercially reasonable efforts to complete, or cause the completion of, each such Prefunded Project in accordance with the specifications previously identified by P66 Company to the Partnership.