Examples of Project Completion Agreement in a sentence
All capitalized terms used herein and not otherwise defined shall have their respective meanings set forth in the Project Completion Agreement.
As a condition to OPIC's guarantee, the Company was required to execute a Project Completion Agreement pursuant to which the Company would advance funds to Forest-Starma, as necessary, to permit Forest-Starma to fulfill all of its financial obligations, including cost overruns related to project development, until such time as Forest-Starma satisfies a production test and certain financial and project development benchmarks.
As a condition to the financing, the Company was required to execute a Project Completion Agreement pursuant to which the Company would advance funds, as necessary (to the extent of dividends received during the construction stage of the Phase III expansion), to permit TGL to fulfill all of its financial obligations, including cost overruns related to project development.
All the terms and provisions of the Project Completion Agreement and the APCA are hereby ratified and confirmed by the U.S. Sponsor, the U.S. Sponsor Subsidiary and PFLLC and shall apply in full force and effect.
Xxe Sponsor's payment obligations pursuant to the Project Completion Agreement shall be subject to a cap equal, at any time, to the dollar equivalent of the amount of dividends paid by the Company from the date hereof through the earlier of such time and the date of Project Completion.
As a condition to such OPIC financing, the Company was required to execute a Project Completion Agreement pursuant to which the Company would advance funds, as necessary and to the extent of dividends received during the construction stage of the Phase III Expansion, to permit TGL to fulfill all of its financial obligations, including cost overruns related to project development.
The Project Completion Agreement shall be amended to provide that, notwithstanding any other provision of such agreement, the "Completion Date" shall occur no earlier than October 31, 1999.
Under the Project Completion Agreement, the Company is also obligated to advance the lesser of $9.0 million and any deficit with respect to a defined cash flow ratio in the event of a payment default.
REDACTED COPY “Project Completion Agreement” means that certain Project Completion Agreement, dated the Closing Date, among Collateral Agent, the Principals, Borrower and Facility Lessee regarding the funding of cost overruns and drawing under the Primary Completion Guaranty and the Secondary Completion Guaranty.
Owner agrees that, provided Raytheon performs the Guaranteed Obligations in accordance with the terms and conditions set forth in the EPC Agreement, Owner shall make such payments of the Contract Price, in accordance herewith and with the terms of the EPC Agreement, when due and owing, notwithstanding the continuation or termination of the Project Completion Agreement and notwithstanding Raytheon's use of Contractor as its completion agent.