Project site, definition
Examples of Project site, in a sentence
On the Effective Date, USI has agreed to contribute the right to use and purchase the Project Site to the Company pursuant to the Lease as set forth in Section 3.2.The right to use and purchase the Project Site shall have a fair market value of ############ and USI shall be deemed to have funded an initial Capital Contribution equal to such dollar amount on the Effective Date.
Such funds shall be used solely for Environmental Compliance, including committing such funds, interests in property, insurance or bond policies, or other security to satisfy Laws regarding financial assurance for the reclamation or restoration of the Facility or the Project Site, and for other Environmental Compliance requirements.
Each Member and any lenders or potential lenders (including investors in such lenders or representatives of the lenders or such investors) that have provided or may provide funds for the Project shall also have the right to visit and inspect the Project Site upon reasonable notice and during normal business hours.