Examples of Project Company Default in a sentence
Matthew Dupee, “Red on Red: Analyzing Afghanistan’s Intra-Insurgency Violence,” CTC Sentinel, January 2018.
The Project Company Default Purchase Price shall be payable by the Government (or the Government’s designee) to the Project Company in accordance with the provisions of this Clause 11 (Early Termination Purchase Price and Procedure) provided that the Project Company Default Purchase Price may never be less than zero.
If the Government exercises such option in accordance with Clause 10.7 (Exercise of Termination Option), then in accordance with the provisions of this Clause 11 (Early Termination Purchase Price and Procedure), the Project Property should be valued at the "Project Company Default Purchase Price", which equals to: Outstanding Debt; plus Termination Costs; minus Outstanding Shareholder Commitments; minus Relevant Insurance Proceeds.
Where the Project Deed is terminated for Project Company Default (other than for Abandonment of the Project), HAC is required to pay the Project Company a termination payment equal to the market value of the Project Deed.
If MDOT has exercised its Step-In Rights in accordance with Section 21.1, Project Company’s obligations in accordance with this Agreement will be suspended (and a failure by Project Company to perform the suspended obligations will not constitute a breach of this Agreement by Project Company or a Project Company Default) for the affected period but only to the extent necessary to enable MDOT to exercise those Step-In Rights.
In the event of a termination by GPA due to a Project Company Event of Default, GPA shall have the right, but not the obligation, to acquire the Project Facilities from Project Company for the applicable Project Company Default Transfer Price set forth in Schedule 8.
If RIPTA suspends the Project Company’s efforts for more than 120 days other than due to Project Company Default or delay by a Governmental Body, the Project Company shall have the right to initiate termination as provided in Section 6.2(b) (Termination for Extended Suspension or Delay).
The Borrower and each Initial Project Company Guarantors hereby represent and warrant that no Facility Event of Default, Facility Default, Project Company Event of Default or Project Company Default has occurred and is continuing under the Loan Agreement.
If RIPTA suspends the Project Company’s efforts for more than 45 days other than due to a Project Company Default or delay by a Governmental Body, the Project Company shall have the right to request an equitable adjustment to the Preliminary Services Fee.
In such circumstances, funding for the beds would be split equally between DCC and the CCG.