Project Withdrawal definition

Project Withdrawal as used herein shall mean in the event Borrower withdraws its sales efforts at a particular Project by permanently abandoning the sales efforts (no longer marketing from sales trailer or model) and/or notifying the land seller of its intention not to comply with the take-down schedule for lot purchases, as determined by the Lender.
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Examples of Project Withdrawal in a sentence

  • If the Dispute concerns the timing of the Withdrawal Date, the Buyout Date or the Project Withdrawal Date, as the case may be, such date shall be extended to the date that is 60 days after the date on which such Dispute is resolved pursuant to Article XVII.

  • A Participant may withdraw from this Agreement upon the issuance or approval of the Certificate of Need, Certificate of Public Convenience and Necessity or Minnesota routing permit, with conditions or modifications that are determined by a Participant, in its sole discretion, to materially change the Project or the feasibility thereof (a "Material Change in Project Withdrawal Event").

  • The term Material Change in Project Withdrawal Event shall have the meaning ascribed thereto in Section 2.5.2.1 hereof.

  • In no event shall the Project Withdrawal Date be earlier than 60 days or later than 90 days after the date on which a withdrawing Unit 2 Owner gives notice of its election to withdraw.

  • All payments from the Huron Rail Project Sub-Account shall be made by the Accounts Bank pursuant to instructions set forth in the relevant Huron Rail Project Withdrawal Certificate directly to the payee.

  • On the Project Withdrawal Date, each withdrawing Unit 2 Owner and ERGS SC shall comply with the requirements of Section 13.4, to the extent applicable.

  • On the Project Withdrawal Date, each withdrawing Unit 1 Owner and ERGS SC shall comply with the requirements of Section 13.4, to the extent applicable.

  • In the event that all or any “substantial portion” of a Project shall be damaged or destroyed by fire or other casualty after the Effective Date and before the Closing Date, either Seller or Buyer may, at its option, elect to have a Project Withdrawal occur with respect to such Project by written notice thereof to the other party within ten (10) days after Seller notifies Buyer of the casualty and the availability and amount of insurance proceeds.

  • If both MGE Power and WPPI elect to withdraw from the Project, then the Unit 2 Owners shall use commercially reasonable efforts to have both withdrawals occur on the same Project Withdrawal Date.

  • In no event shall the Project Withdrawal Date be earlier than 60 days or later than 90 days after the date on which a withdrawing Unit 1 Owner gives notice of its election to withdraw.

Related to Project Withdrawal

  • Market Withdrawal means a Person’s Removal or Correction of a distributed product which involves a minor violation that would not be subject to legal action by the FDA or which involves no violation, e.g., normal stock rotation practices, routine equipment adjustments and repairs, etc.

  • Cash Withdrawal means a disbursement of funds in any currency from any Account out of the balance in your favour (whether or not in the form of cash) made or obtained through or in connection with any Citibank ATM/ Debit Card.

  • Suspension/Withdrawal Event means, in respect of the Benchmark:

  • Withdrawal Event means the earliest to occur of any event which causes a Partner to cease to be a Partner, and to become a Former Partner, as set forth in Section 1.29.

  • Final Withdrawal Has the meaning specified in the Escrow Agreement.