Project Under Construction definition

Project Under Construction means a project at the stage before obtainment of a relevant license for generation of electricity and commencement of electricity production.
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Project Under Construction means that certain facility of South Shore Associates, LLC, located at ▇ ▇▇▇▇▇ ▇▇▇▇▇▇, Lynbrook, New York.
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Project Under Construction shall have the meaning set forth in Section 3.19(a).
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Examples of Project Under Construction in a sentence

  • In order to provide Borrowers the benefit, in the calculation of the Project Under Construction Borrowing Base, of additional investment made by Borrowers in Project Inventory Under Construction, Borrowers shall be entitled to revalue the Project Under Construction Borrowing Base from time to time, provided that such revaluations shall occur not more often than once per month, and shall result in a minimum increase in the Project Under Construction Borrowing Base of at least $1,000,000.

  • Upon any reclassification of Inventory, the applicable Borrowing Base and its component parts (i.e., the Completed Project Borrowing Base, Project Under Construction Borrowing Base, and Land Borrowing Base) shall be recalculated, for purposes of determining whether any Borrowing Base Shortfall then exists, or whether the Supplemental Borrowing Base Maintenance Requirement exceeds the Supplemental Borrowing Base.

  • If Purchaser does not so exercise its Project Removal Option with respect to any such Project Under Construction, then the parties shall proceed in the same manner as if the terms of this Section had been satisfied with respect to the applicable Project Under Construction.

Related to Project Under Construction

  • New construction means, for the purposes of determining insurance rates, structures for which the "start of construction" commenced on or after the effective date of an initial FIRM or after December 31, 1974, whichever is later, and includes any subsequent improvements to such structures. For floodplain management purposes, "new construction" means structures for which the "start of construction" commenced on or after the effective date of the floodplain management regulations adopted by a community and includes any subsequent improvements to such structures.

  • Completion of Construction means all the construction is complete except for minor weather-related components and conforms to the approved plans and specifications and change orders.

  • The constructional plant means all appliances, tools, plants or machinery or whatsoever nature required in or about the execution, completion or maintenance of the works but does not include materials or other things intended to form part of the permanent work.

  • Horizontal construction means the construction of any fixed work, including any irrigation, drainage, water supply, flood control, harbor, railroad, highway, tunnel, airport or airway, sewer, sewage disposal plant or water treatment facility and any ancillary vertical components thereof, bridge, inland waterway, pipeline for the transmission of petroleum or any other liquid or gaseous substance, pier, and work incidental thereto. The term does not include vertical construction, the construction of any terminal or other building of an airport or airway, or the construction of any other building.

  • Original construction means the first or initial construction