Project Outgoings definition

Project Outgoings means, in any period, the aggregate of the Project Companies’ costs relating to the Project in that period in respect of (without duplication):
View Source

Examples of Project Outgoings in a sentence

  • Each Project Company may withdraw funds from its JV Account from time to time to meet Project Outgoings and Taxes payable by the Project Company (and not included in Project Outgoings).

  • On each Calculation Date the balance remaining in each JV Account will be transferred to the Proceeds Account after Project Outgoings and any Taxes paid or payable by each Project Company (and not included in Project Outgoings) have been paid on the date such payment becomes due.

  • Subject to the terms of the JV Agreement, it will ensure that any amounts held by the Operator on behalf of the Project Company and which are not held by the Operator for the purposes of meeting Project Outgoings which have become due and payable or which are projected to become due and payable in the then current calendar month, shall be promptly paid to the Project Company and deposited directly to the credit of the JV Account.