Project Company definition
Examples of Project Company in a sentence
The Company and Fervo represent and warrant to Investor and ▇▇▇▇▇ that the “safe harbor” “begin construction” date with respect to the ITC and PTCs that will be claimed in respect of the Project is prior to January 1, 2025, but no earlier than January 1, 2023, and the Company covenants and agrees to take (and cause the Project Company to take) any and all commercially reasonable actions necessary to preserve such “safe harbor” “begin construction” date.
Solely in respect of the second Credit Extension, the Administrative Agent shall have received evidence that the membership interests of each Project Company have been transferred to Cape Phase 1 Borrower, pursuant to terms reasonably satisfactory to Administrative Agent, acting at the direction of the Required Lenders.
Upon achieving and maintaining EWG status, each Project Company will be exempt from regulation under the federal access to books and records provisions of PUHCA, as provided at 18 C.F.R. §366.7(e).
Upon filing and acceptance by FERC or effectiveness by operation of law of its Notice of Self-Certification of EWG status, each Project Company shall maintain its status as an EWG.