Project Balance definition

Project Balance means the outstanding balance of the Total Cost of Project less payments for Energy Savings and other payments by Canada which are intended to be applied to the Project Balance. It must comprise two components, one of which must consist of funds expended by the ESCo prior to Milestone Securitisation and the other must consist of those funds provided by the Assignee by means of Milestone Securitisation to the ESCo.
View Source

Examples of Project Balance in a sentence

  • This section shall provide detailed financial documentation on the overall project and project phase that includes 1) Project Operating Statement, 2) Project Balance Sheet, and 3) Labor Expenses.

  • All goods and works required for the EDFC-3 Project Balance Activities for which the procurement process was initiated prior to April 1, 2022, and to be financed out of the proceeds of the Loan, shall be subject to the requirements set forth or referred to in Section I of the Procurement Guidelines.

  • In accordance with the terms and conditions of this Agreement, ODA shall provide Recipient grant funds in an amount not to exceed $XXX,XXX.XX or XX% of the Project Balance, whichever is less (the “Grant Funds”).

  • Final Project Balance of the total of $408,050 Net due immediately after Payment Deliverable items listed in INC is paid by IBM Taiwan Table 1.

  • All goods, works, and consultants’ services, required for the EDFC-3 Project Balance Activities under the Project for which the procurement process was initiated after April 1, 2022, as well as all other activities under the Project, and to be financed out of the proceeds of the Loan shall be subject to the requirements set forth or referred to in the Procurement Regulations.

  • All consultants’ services required for the EDFC-3 Project Balance Activities for which the procurement process was initiated prior to April 1, 2022, and to be financed out of the proceeds of the Loan shall be subject to the requirements set forth or referred to in Sections I and IV of the Consultant Guidelines.