Examples of Project Entity in a sentence
Subject to the terms and conditions hereof, this Letter of Credit secures [Project Entity Name]'s certain obligations to Beneficiary under the Power Purchase Agreement dated as of ____________ between [Project Entity Name] and Beneficiary.
On March 18, 2016, Hunt Power, L.P. (HP), an affiliate of the Partnership, contributed GS Project Entity, L.L.C. (GSPE) to the partners of the Partnership (Partners).
On May 6, 2016, HP also contributed CV Project Entity, L.L.C. (CVPE) to the Partners.
The Agent shall upon receipt of a duly executed Project Investment Certificate instruct the account bank to transfer the amount of the Project Investment from the Proceeds Account for payment in accordance with the Project Investment Certificate (which, for the avoidance of doubt, may be transferred directly (i) to the Project Holdco for immediate disbursement by the Project Holdco to the relevant Project Entity or (ii) to the relevant Project Entity in accordance with the Project Investment Certificate).
The Project Entity will cover all taxes and duties which are collected on the Borrower’s territory.