Project FID definition

Project FID means the date on which the Foundation Proponent approved the final investment decision for the
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Examples of Project FID in a sentence

  • Upon a Project FID Date, Cheniere shall pay the corresponding FID Milestone Payment to TOG no later than five (5) days after the occurrence of such Project FID Date, such payment to be credited to TOG via wire transfer of immediately available funds to an account designated in writing by TOG.

  • All limited partnership action required to be taken by or on behalf of the Partnership for the authorization, issuance, sale and delivery of the Partner Units, the execution and delivery of the Transaction Documents and the consummation of the Transactions have been taken or will have been taken as of the Phase 1 Project FID Date.

  • The Partnership has, or as of the Phase 1 Project FID Date will have, all requisite limited partnership power and authority to issue, sell and deliver the Partner Units, in accordance with and upon the terms and conditions set forth in this Agreement and the Partnership Agreement.

  • The covenants made in this Agreement or any other Transaction Document will survive the Phase 1 Project FID Date and remain operative and in full force and effect.

  • Cheniere shall have a period of ninety (90) days to resolve and adopt the applicable Project FID Date (the “Acceptance Period”).

  • Concurrently with the execution of this Agreement, the foregoing conditions have been satisfied and the Member has declared FID with respect to the Phase 1 Project, and the Effective Date shall therefore be the Phase 1 Project FID Date.

  • If Cheniere fails to cause the applicable Project FID to occur within the Acceptance Period, then TOG or its Affiliates shall have the right upon notice to Cheniere, to purchase all, but not less than all, of the Units owned by Cheniere and its Affiliates for a purchase price equal to the Call Price (the “Exercise Notice”).

  • If, at any time after the Effective Date and prior to the Phase 1 Project FID Date, the Partnership shall seek to arrange for, or change any existing arrangements for, debt financing with respect to the Phase 1 Project, the Partnership shall notify the Partner of such event and shall inform the Partner of the name and contact information for the principal agent or agents acting on behalf of the lender or lenders leading such financing arrangements.

  • The Initial Three Plant Capex Budget included in Exhibit A-1 attached hereto shall serve as the Phase 1 Project capital expenditure portion of the initial Partnership Budget for the period beginning as of the Phase 1 Project FID Date and continuing until the Date of Full Operations of the last of the Phase 1 Plants to achieve Full Operations.

Related to Project FID

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Project Work means the work required to complete the Project.

  • Project Engineer means the surveyor or engineer employed by or private

  • Project Water means water made available for delivery to the contractors by project conservation facilities and the transportation facilities included in the System.

  • Project Facilities means all the amenities and facilities situated on the Site, as described in Schedule-C;