Project Event definition
Examples of Project Event in a sentence
Project Event During Initial Scope of Work2 After MDP Approval3 Prior to Approval of FIP Between Facility NTP2 and Close of Finance (Facility Dev.
Once any arrangement has been confirmed in relation to clause 12.2(a), the Recipient must, as soon as practicable, notify the Department in writing of any change to the Project Event.
Such requirement is not waived with respect to any other Borrower Event of Default or Disbursement Project Event of Default.
If a Lender Group Agent receives such a notice of the occurrence of a NEG Trigger Event, Borrower Inchoate Default, Borrower Event of Default, Project Event of Default or Project Inchoate Default, such Lender Group Agent shall give notice thereof to the Lender Group Members of its respective Lender Group, Administrative Agent and Borrower (except to the extent such Person sent notice of such occurrence to such Lender Group Agent.
Without limiting anything set forth in this Article 7, upon the occurrence of a Project Event of Default hereunder, the remedies available to the Controlling Party and the other Secured Parties shall not include the remedies set forth in Section 7.5 unless an Issuer Event of Default has also occurred and is continuing.
Such requirement is not waived with respect to any other Project Inchoate Default, Project Event of Default, Borrower Inchoate Default or Borrower Event of Default now or hereafter arising.
Such requirement is not waived with respect to any other Project Event of Default or Project Fundamental Inchoate Default now or hereafter arising.
The Company and each of its Subsidiaries and the Trustee shall cooperate and consult with each other in all matters pertaining to the settlement or adjustment of any and all claims and demands for damages on account of any Permitted Project Event, Domestic Project Event or Luannan Event of Loss or pertaining to the settlement, compromise or arbitration of any claim on account of any Luannan Event of Loss, Domestic Project Event or Permitted Project Event.
Solely with respect to the PGET Defaults and the Millennium Completion Default, the Majority Banks waive the requirement (pursuant to the second sentence of Section 5.15.1 of each Project Company Guaranty) that each Project Company may enter into Permitted Change Orders (as defined in each applicable Project Company Guaranty) only so long as no Project Event of Default or Project Fundamental Inchoate Default has occurred and is continuing.
Such conditions precedent are not waived with respect to any other Project Inchoate Default, Project Event of Default, Borrower Inchoate Default or Borrower Event of Default now or hereafter arising.