Preliminary Eligible Project definition
Examples of Preliminary Eligible Project in a sentence
With respect to an Advance Request made with respect to a Preliminary Eligible Project, all conditions in Section 5.07 (Conditions Precedent to Preliminary Eligible Projects) for the Preliminary Eligible Projects covered by such Advance Request have been satisfied prior to the date of the Borrower’s submission of the Advance Request (including, for the avoidance of doubt, approval by DOE that the Project is a Preliminary Eligible Project).
All obligations to pay Real Property or other Taxes, assessments, insurance premiums and all other fees and expenses in connection with or arising from the ownership, operation or occupancy of any Eligible Project, Preliminary Eligible Project or any other assets and to perform all obligations under the agreements and contracts relating to any Eligible Project, Preliminary Eligible Project or any other assets shall be the sole responsibility of the Borrower.
The Guaranteed Parties shall not be in any way responsible or liable for the indebtedness, losses, obligations or duties of the Borrower or any other Person with respect to any Eligible Project, Preliminary Eligible Project or otherwise.
The Guaranteed Loan will be disbursed as set forth herein in connection with each Eligible Project and each Preliminary Eligible Project.
The Borrower shall keep such books and records concerning each Eligible Project and each Preliminary Eligible Project as are necessary to facilitate an effective and accurate audit and performance evaluation of the Borrower and each Eligible Project and each Preliminary Eligible Project as required in Section 609.17 of the Applicable Regulations.
Unless otherwise agreed by DOE, no Immaterial Remediation Event (other than any such Immaterial Remediation Event with respect to which the Borrower is diligently working to Remediate) shall exist with respect to any Eligible Project or Preliminary Eligible Project that is being funded by such Advance.
Receipt by DOE of: (i) an Officer’s Certificate that certifies that the proceeds of the requested Advance will be applied in accordance with Section 2.03(f) (Disbursement of Proceeds); and (ii) accruals, invoices or other documentation reasonably acceptable to DOE evidencing the incurrence of the Applicable Eligible Project Costs or Applicable Preliminary Eligible Project Costs reimbursable with such Advance proceeds.
Receipt by DOE of certification by the Borrower that the Project Costs included in the Advance Request are Applicable Eligible Project Costs or Applicable Preliminary Eligible Project Costs.
The making of any Advance or Advances under the Financing Documents shall not be deemed an approval or acceptance by any Guaranteed Party of any work, labor, supplies, materials or equipment furnished or supplied with respect to any Eligible Project or Preliminary Eligible Project.