Project Documents definition
Examples of Project Documents in a sentence
Since the date of acquisition by Seller or one of its Affiliates of the Project Company, the Project Company has been engaged solely in the development, construction and ownership of the Project and has incurred no Liabilities except those incurred under the Project Documents, the Construction Financing Documents and Governmental Approvals and Liabilities incidental to the development, construction and ownership of the Project that are not material.
The execution and delivery by each of Seller and the Project Company of the Transaction Documents and Project Documents to which it is a party, and the consummation by such persons of the Transaction, have been duly authorized by all necessary entity action.
The Project Company is not a party to any agreement or contract having a value over its term in excess of $250,000 other than the Project Documents and the Construction Financing Documents to which it is a party.
After taking into consideration the Borrowing being requested, the Available Construction Funds shall not be less than the aggregate unpaid amount of Project Costs estimated by the Borrower to cause Completion to occur with respect to each of the Projects, in accordance with all Applicable Laws and the Project Documents, not later than each Project’s applicable Project Completion Date, as certified by the Independent Engineer.
The Lenders and the Independent Engineer shall have satisfactorily concluded their legal, financial and technical due diligence review of the Loan Parties, the Projects, the Project Documents and the Permits.