Project Associate definition
Examples of Project Associate in a sentence
Each Party to this Agreement electing Project Associate status may at any timesubmit an election in writing to change its status to Project Participant.
Each Party to this Agreement electing Project Associate status may at any time submit an election in writing to change its status to Project Participant.
As a matter of right, an existing Project Participant may assign a portion of its Water Allotment, if any, to a new Project Participant, an existing Project Participant, or a Project Associate if the assignee agrees to fully perform all the obligations of the existing Project Participant.
To receive Project Participant status, the Project Associate shall, prior to the end of the fiscal year, deliver to the Cooperative its Project Water Estimate and pay to the Cooperative its proportionate share of theCapital Cost, Capital Renewal and Replacement Cost, Debt Service Cost Fixed Operation and Maintenance Costs and Reserves, incurred to date by Project Participants, as well as 2.5% of its proportionate share of such costs expended to date.
To receive Project Participant status, the Project Associate shall, prior to the end of the fiscal year, deliver to the Project Board its Project Water Estimate and pay to the Cooperative its proportionate share of the Capital Cost, Capital Renewal and Replacement Cost, Debt Service Cost, and design fees, if applicable, incurred to date by Project Participants, as well as 2.5% of its proportionate share of such costs expended to date.
As a matter of right, a new Project Participant, an existing Project Participant or an existing Project Associate may be substituted for an existing Project Participant, if the new Project Participant or existing Project Participant or Project Associate agrees to fully perform all the obligations of the existingProject Participant.
Becoming a Project Associate will not obligate the City for any of the debt at this time.
As a matter of right, an existing Project Participant may assign a portion of its Water Allotment, if any, to a new Project Participant, an existing Project Participant or an existing Project Associate, if the assignee agrees to fully perform all the obligations of the existing Project Participant.
The Project Associate should possess the qualifications identified below: ▪ A four (4) year bachelor’s degree from an accredited university.
The Project Associate may assist with monitoring construction work, customer services, program reporting, and documentation of process and procedures.