Project Completion definition
Examples of Project Completion in a sentence
The Borrower shall at all times acquire and maintain ownership of, or obtain and maintain rights (including under the Project IP Agreements) with sufficient scope to use, all Intellectual Property that is used in or necessary to: (i) develop, design, engineer, procure, equip, construct, startup, commission, own, operate and maintain the Project; (ii) achieve Project Completion; and (iii) exercise its rights and perform its obligations under the Major Project Documents, as applicable at the relevant time.
Receipt by DOE of an Officer’s Certificate of the Borrower certifying that the minimum Projected Debt Service Coverage Ratio (as set forth in the First Advance Date Base Case Financial Model) will not be less than [***] for each consecutive twelve (12)-month period ending on the last day of each Fiscal Quarter following the Project Completion Date up to (and including) the Payment Date immediately prior to the Maturity Date, after giving effect to the Advances to be made on such Requested Advance Date.