Project Assets definition
Examples of Project Assets in a sentence
All material information regarding the Mine and the Project Assets, including drill results, technical reports and studies, that are required to be disclosed by Applicable Laws, have been publicly disclosed by BHMC in compliance, in all material respects, with Applicable Laws.
Grantor shall be responsible for all costs, fines, damages, judgments, penalties or responsibilities (environmental and otherwise) in connection with the Real Property, its ownership and use of the Property and the other Project Assets and for any and all work performed in and on the Real Property.
Grantor will obtain and maintain with reputable insurance companies insurance in good standing with respect to the Project Assets and the operations conducted on and in respect of the Project Assets against such casualties, losses and contingencies and of such types and in such amounts as is customary for comparable projects (including insurance against Insurable Loss of Products prior to their Sale with Holder as a named insured).
The Obligors will not Dispose of (whether in one or a series of transactions) any of the Property or any Project Assets, or enter into any agreement to do any of the foregoing, except for (i) the sale of inventory in the ordinary course of business, or (ii) the sale of equipment that is obsolete, surplus, worn out or no longer useful for the purposes of constructing and developing the Project.
The Obligors shall, upon the request of the Agent, provide the Agent with copies of all insurance policies as in effect from time to time relating to the Project Assets.