Project Finance definition
Project Finance means any Financial Indebtedness to finance the ownership, acquisition, development, operation and/or maintenance of any asset or business (a “Project”) and incurred by an Obligor in respect of which the person or person to whom any such Financial Indebtedness is, or may be, owed has or have no recourse to any member of the Group for the repayment thereof other than:
Project Finance means a mechanism for financing a project where, ordinarily, the bulk of such financing is by way of debt finance (which is repaid principally out of the revenues produced by the Project) and not by way of equity capital;
Project Finance means any financing arrangement (i) for the provision of funds which are to be used exclusively to finance a particular project for the acquisition, construction, development or exploitation of any property or project; and (ii) under which the creditors under such financing arrangement have agreed to limit, as a principal source of repayment, their recourse only to the assets and revenues of, and quota(s) or shares issued by, the Project Company implementing such project;
Examples of Project Finance in a sentence
In the event the Equipment Collateral, or any part thereof, is sold, transferred, assigned, exchanged, or otherwise disposed of in connection with a Project Finance Transaction, Borrower will, concurrently with the closing of such Project Finance Transaction, prepay the Advance relating to the Equipment Collateral subject thereto at the applicable Prepayment Amount pursuant to Section 2(j)(v) hereof.
More Definitions of Project Finance
Project Finance. Plan shall mean the plan for financing of the costs of the Project set forth in Exhibit J to the Agency Lease.
Project Finance means a loan from the Department of Energy or third-party lender sufficient to pay for and/or reimburse Seller for construction and initial operations costs and expenses associated with the Makushin Geothermal Project.
Project Finance means debt financing non-recourse to the Shareholders provided to the Company by one or more reputable financial institutions which will allow the Company to draw down up to such amount as provided for in the initial Business Plan in order to finance the construction of the System.
Project Finance means a form of either ‘non-recourse’ or ‘limited recourse’ financing, wherein lenders look solely or primarily to the cash flows of a project to repay debt service and to all of the underlying project assets (including all physical and contractual assets) as collateral for the loan.
Project Finance means the method of funding in which the lender looks primarily to the revenues generated by a single project, both as the source of repayment and as security for the loan. This type of financing is usually for large, complex and expensive installations such as power plants, chemical processing plants, mines, transportation infrastructure, environment, media, and telecoms. Project finance may take the form of financing the construction of a new capital installation, or refinancing of an existing installation, with or without improvements.
Project Finance means, at any time, any Borrowed Money for which any Subsidiary of Constellation is liable which has been applied in or towards the cost of acquisition and/or Construction of any Offshore Equipment or the refinancing of any Borrowed Money in respect thereof, provided that at that time there is no guarantee given by Constellation for such Borrowed Money in relation thereto (whether given on a pre-completion or post-completion basis).
Project Finance means, at any time, any Borrowed Money for which any Subsidiary of Constellation is liable which has been applied in or towards the cost of acquisition and/or Construction of any Offshore Equipment or the refinancing of any Borrowed Money in respect