Project SPC definition

Project SPC means a domestic special purpose company incorporated pursuant to the Corporation Code of the Philippines for the purpose of undertaking the Project.
Sample 1Sample 2Sample 3
Project SPC means a domestic special purpose company incorporated pursuant to the Corporation Code of the Philippines.
Sample 1Sample 2

Examples of Project SPC in a sentence

  • The Winning Bidder shall cause the incorporation of the Project SPC that shall assume and accede to all the rights and obligations of the Winning Bidder under the Concession Agreement.

  • All limitations and restrictions applicable to the Consortium Members with respect to their interests in the Project SPC shall continue to apply to each of the Consortium Members irrespective of the holding structure they enter into.

  • In case of Preferred Bidder being a Consortium, the Lead Member (M/s_XXXX) of the Consortium shall be required to commit to hold a minimum equity stake not less than 26% in the Project SPC and the other constituent member of the Consortium, shall be required to commit to individually hold minimum 10% of equity in the Project SPC at all times during the lock-in period.

  • In all cases, the participation of the Airline-Related Entity in the Board of Directors of the Project SPC and the Facility Operator shall be limited to the Airline-Related Entity’s proportionate equity share in the relevant entity.

  • Provided further, that an Airline-Related Entity cannot have or be proposed to have more than 33% of the total equity in the Project SPC for the duration of the Concession Period.

  • The Project SPC shall be required to have at least twenty (20%) interest in the Facility Operator for the airport.

  • All Consortium Members may form a holding company or subsidiary which would hold their collective interests in the Winning Bidder, provided, that the shareholding or equity structure of such holding company or subsidiary shall reflect the Consortium Members’ interest in the Consortium on Bid Proposals Submission Date, and such shareholding or equity structure shall not change until the signing by the Project SPC of the accession agreements to the Concession Agreement.

  • Each Consortium Member whose Financial Qualification is submitted for evaluation and satisfaction of the Financial Qualification Requirements shall be required to hold an equity share capital of a certain proportion in the Project SPC for a certain duration of the Concession Agreement, as specified in Section 6.6 of this document.

  • No changes shall be allowed in the shareholder or equity structure of the Winning Bidder from Bid Proposals Submission Date until the signing by the Project SPC of the accession agreements to the Concession Agreement.

  • In no case shall the management, operation, administration or control of any Project SPC and the Facility Operator be vested, directly or indirectly, in any Airline-Related Entity.

Related to Project SPC

  • Project Sponsor means an eligible governmental agency receiving program funds pursuant to an approved application.

  • Project Specific IPRs means: (a) IPRs in the Services provided by the Supplier (or by a third party on behalf of the Supplier) specifically for the purposes of the Contract and all updates and amendments of these items created during the Contract Period; and/or (b) IPRs arising as a result of the provision of the Services by the Supplier (or by a third party on behalf of the Supplier) under the Contract, [including the rights in or to any database developed and supplied by the Supplier to the Customer in accordance with the terms of this Contract;

  • Project Services means architectural, engineering services, land surveying, construction management at-risk services, ancillary technical services or other construction-related services determined by the board to be required by the project.

  • Project Scope means the description or activity of work to be accomplished on the project.

  • Project Subsidiary means any Subsidiary of the Company held for the purpose of holding, constructing or acquiring power generation facilities or related or ancillary assets or properties and any Subsidiary of the Company whose assets consist primarily of equity interests in one or more other Project Subsidiaries; provided that a Subsidiary will cease to be a Project Subsidiary if it Guarantees any Indebtedness of the Company other than obligations of the Company related to Project Debt of one or more Project Subsidiaries.

  • Project Land means any parcel or parcels of land on which the project is developed and constructed by a promoter;

  • 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 Start Date means the first Milestone Start Date specified in Schedule B;

  • Project Staff means the personnel of Contractor and Subcontractors who provide the Work.

  • Project Schedule means a document that, with respect to each Phase of the Project, identifies, coordinates and integrates the anticipated design and construction schedules, the Contracting Authority’s and Owner's responsibilities, government authority reviews and other activities as are necessary for the timely completion of the Work.

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

  • Project IPR means all Intellectual Property Rights that arise or are obtained or developed by either party, or by a contractor on behalf of either party, in respect of the Deliverables in the course of or in connection with the Project;

  • Project Area means THE AREA WHERE WORK IS BEING PERFORMED FOR THE CITY OF SUFFOLK, VIRGINIA.

  • Project site, where applicable, means the place indicated in bidding documents.

  • Project Assets means all physical and other assets relating to and forming part of the Site including:

  • Project Site(s) means the place(s) specified in the SCC for the supply and installation of the System.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Project area budget means a multiyear projection of annual or cumulative

  • New Project means (a) each facility or operating location which is either a new facility, location or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, location or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

  • Project Plan means the document to be developed by the Contractor and approved by Webel Technology Ltd., based on the requirements of the Contract and the Preliminary Project Plan included in the Contractor’s bid. For the sake of clarity, the Agreed and Finalized Project Plan” refers to the version of the Project Plan submitted by the contractor after receiving the letter of Award and the same approved by Webel Technology Ltd. The project plan may be changed/ modified during the course of the project. Should the Project Plan conflict with the provisions of the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • construction work permit means a document issued in terms of regulation 3; "contractor" means an employer who performs construction work;

  • Project Steering Committee means the committee referred to in Section I.A.1 of Schedule 2 to this Agreement.

  • The Project Plan means the document to be developed by the Supplier and approved by the Purchaser, pursuant to GCC Clause 19, based on the requirements of the Contract and the Preliminary Project Plan included in the Supplier’s bid. The “Agreed and Finalized Project Plan” is the version of the Project Plan approved by the Purchaser, in accordance with GCC Clause 19.2. Should the Project Plan conflict with the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • Project area plan means a written plan that, after the plan's effective date, guides and controls the development within a project area.

  • Project Completion means completion of the Redevelopment in accordance with this Agreement to the state where the whole of the Morley Shopping Centre, as so redeveloped, is capable of occupation for its intended purpose;