Project Enterprise definition
Examples of Project Enterprise in a sentence
Prior to or simultaneously with payment of compensation for a Loss, the Guarantee Holder shall or shall cause the Project Enterprise to assign and transfer to and for the benefit of MIGA, free and clear of any claim, defense, counterclaim, right of set off, liens or other encumbrances, the Percentage of Cover of the Guarantee Holder’s interest in the rights and causes of action under the Award or, in the case of an Award in favor of the Project Enterprise, the Guarantee ▇▇▇▇▇▇’s pro-rata interest therein.
Prior to or simultaneously with payment of compensation for a Loss, the Guarantee Holder shall, or shall cause the Project Enterprise to, assign and transfer to and for the benefit of MIGA, free and clear of any claim, defense, counterclaim, right of set off, liens or other encumbrances, the Percentage of Cover of the Guarantee Holder’s right, title and interest, including all rights to security associated therewith, in the Scheduled Payment for which compensation is to be paid.
The Guarantee Holder shall submit to MIGA promptly all material evidence available to it from time to time as may be necessary to support such Claim for Expropriation, including the audited accounts and financial statements of the Project Enterprise in respect of the Investment Project and other evidence concerning the actions or inactions of the Host Government constituting the Expropriation.
The Guarantee Holder shall submit to MIGA promptly all material evidence available to it from time to time as may be necessary to support such Claim for Breach of Contract, including evidence concerning the cause of the failure to receive payment from the Project Enterprise of Guaranteed Reimbursement Amounts and a certified copy of the Award.
The Guarantee Holder shall submit to MIGA promptly all material evidence available to it from time to time as may be necessary to support such Claim for War and Civil Disturbance, including: (a) copies of inventories and audited book entries concerning the assets destroyed, damaged or that have disappeared, in the case of Subsection 5.1(a); and (b) all material evidence related to events preventing the Project Enterprise from carrying out viable business operations, in the case of Subsection 5.1(b).