Project Tranche definition

Project Tranche means the maximum amount available for Advances as proceeds from the Loan with respect to each Existing Project, Planned Project or Future Project, said Project Tranche being the lesser of (i) eighty percent (80%) of the total remaining cost to develop such Project as set forth in the Project Development Budget approved by the Agent Lender for such Project, or (ii) the Available Committed Amount calculated at the time such Project and Project Development Budget are approved by the Agent Lender for such Project; provided, however, that the Project Tranche may be adjusted by Agent Lender from time to time for changes in the Project Development Budget, overruns, cost-savings, or for verified availability of Lessor Contributions, as provided herein. Without limiting the foregoing, the Project Tranche for any Existing Project shall not include previously incurred costs to acquire, construct or equip such Existing Project, and such Project Tranche shall only include the remaining costs to reconfigure such Existing Project.
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Project Tranche means the maximum amount available for Advances as proceeds from the Loan with respect to each Project, said Project Tranche being the lesser of (i) eighty percent (80%) of the total remaining cost to develop such Project as set forth in the Project Development Budget approved by the Agent Lender for such Project, or (ii) the Available Committed Amount calculated at the time such Project and Project Development Budget are approved by the Agent Lender for such Project; provided, however, that the Project Tranche may be adjusted by Agent Lender from time to time for changes in the Project Development Budget, overruns, cost-savings, or for verified availability of Lessor Contributions, as provided herein. Without limiting the foregoing, the Project Tranche for any Renovation Project shall only include the costs to renovate and reconfigure such Renovation Project, and the Project Tranche for any Existing Project shall not include previously incurred costs to acquire, construct or equip such Existing Project, and such Project Tranche shall only include the remaining costs to reconfigure such Existing Project.
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Project Tranche has the meaning ascribed to such term in Section 3.1(g) of this Agreement.
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Examples of Project Tranche in a sentence

  • India (hereinafter called “Borrower”) has applied for financing from the Asian Development Bank (ADB) and the Asian Infrastructure Investment bank (AIIB) toward the cost of Delhi–Meerut Regional Rapid Transit System Investment Project (Tranche 1).

  • Escalate issues and seek advice from the Project Director and or Project Tranche Manager or Engineering Manager in a timely manner.

  • Also see “Minutes of the Meeting of the 40 Committee, 27 June, 1970,” State Chile Declassification Project Tranche III (1968-1972), June 6, 1970.

  • Network effects from larger and more efficient systems promise expanded use of DFS by low‐ income populations.

  • For demand-side management projects, Guangdong Energy Efficiency Project Tranche 3, Hebei Energy Efficiency, and Shandong Energy Efficiency each include a revolving fund mechanism like Tranches 1 and 2 of the Guangdong Energy Efficiency Project.

  • India (“hereinafter called “Borrower”) has applied for financing from the Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB) toward the cost of Delhi-Meerut Regional Rapid Transit System Project Tranche 1.

  • The Government of India (hereinafter called “Borrower”) has applied for financing from the Asian Development Bank (ADB) and the Asian Infrastructure Investment bank (AIIB) toward the cost of Delhi – Meerut Regional Rapid Transit System Project (Tranche -1).

  • India (hereinafter called “Borrower”) has applied for financing from the Asian Development Bank (ADB) and the Asian Infrastructure Investment bank (AIIB) toward the cost of Delhi – Meerut Regional Rapid Transit System Investment Project (Tranche -1).

  • Table 1: Subprojects of Power System Efficiency Improvement Project by Tranche and Implementing AgencyTranche Table 2: DESCO Subprojects of Power System Efficiency Improvement Project Tranche 2 No.

  • The People’s Republic of China has received a loan from the Asian Development Bank (ADB) towards the cost of Guangxi Regional Cooperation and Integration Promotion Project Tranche 1.

Related to Project Tranche

  • Single Tranche means the amount of the Financing allocated to the category entitled “Single Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • Extended Tranche has the meaning specified in Section 2.19(a).

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Aggregate Revolving Commitment means the aggregate amount of the Revolving Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $200,000,000.

  • Aggregate Revolving Commitments means, collectively, all Revolving Commitments of all Lenders at any time outstanding.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Aggregate Revolving Committed Amount has the meaning provided in Section 2.01(a).

  • Available Unused Commitment means, with respect to a Revolving Facility Lender under any Class of Revolving Facility Commitments at any time, an amount equal to the Dollar Equivalent of the amount by which (a) the applicable Revolving Facility Commitment of such Revolving Facility Lender at such time exceeds (b) the applicable Revolving Facility Credit Exposure of such Revolving Facility Lender at such time.

  • Refinancing Revolving Commitments means one or more Classes of Revolving Loan commitments hereunder that result from a Refinancing Amendment.

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • Commitment Utilization Percentage means on any day the percentage equivalent to a fraction (a) the numerator of which is the aggregate outstanding principal amount of Revolving Credit Loans, including the aggregate outstanding principal amount of Letters of Credit, Swingline Loans and Competitive Loans, and (b) the denominator of which is the Total Commitment (or, on any day after termination of the Commitments, the Total Commitment in effect immediately preceding such termination).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment in effect at such time less (y) the sum of (i) the aggregate principal amount of all Revolving Loans and Swingline Loans outstanding at such time plus (ii) the aggregate amount of all Letter of Credit Outstandings at such time.

  • Revolving Commitment Period the period from and including the Closing Date to the Revolving Termination Date.

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Refinancing Revolving Loans has the meaning assigned to such term in Section 2.26(a).