Project Years definition

Project Years means the life span of the Project, expressed in years, as stated in the Development Consent commencing on the Construction Commencement Date and ending on the Decommissioning Completion Date. Public Purpose has the same meaning as in the Act and includes (without limitation) any of the following:
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Examples of Project Years in a sentence

  • To the extent Company does not commence Operation on or before the anticipated date identified in Section 4.02(A), Project Years will adjust accordingly, but for no more than two years.

  • If in any Project Year the Recipient’s number of Net New Jobs (Cumulative) is less than the Net New Jobs (Cumulative) component of the Disbursement Criteria (an “ Employee Shortfall”), that was required for disbursement in either of the immediately preceding two (2) Project Years, ESD shall have the right to recapture the grant funds disbursed for either such or both prior two (2) Project Years.

  • If necessary, adjust the Project Years of Reimbursement, based on action taken by PAG’s Regional Council.

  • If the Project spans or shall span over multiple Project Years, the following terms shall apply.

  • After conducting four (4) PJM Net Capability Verification Tests, and paying bonuses and/or liquidated damages in accordance with this Section 6.l(b), in the first two (2) Project Years, Owner and Operator shall meet and, in consideration of actual Facility operation, actual PJM Net Capability Verification Test results and the amounts of bonuses paid and/or liquidated damages assessed, reevaluate the method used in determining the Change in Rated Capacity category of the AFAA.

  • Under Component A, cocoa revitalization of farms will take place from Project Years (PY) 1 – 4.

  • First Project Year 80 Second Project Year 100 Third Project Year 110 Fourth Project Year 120 Fifth Project Year 130 The Escrow Funds shall be eligible to be released to Company in five equal installments of $100,000 (each, a “Disbursement Amount”) during each of the first five successive Project Years.

  • The GSSIF Senior Loan will be advanced for Project Years of the CPS CPC Program corresponding to the CPS fiscal year.

  • These positions shall rotate among the Participating Countries in subsequent Project Years.

  • Unless at the time of any applicable Project Year Initial Advance Subordinate Lender has exercised its right to discontinue funding in accordance with Section 2.3, on each Project Year Initial Advance Date in Project Years 2014-2015, 2015-2016, 2016-2017 and 2017-2018, Subordinate Lender will advance to Borrower the first installment of the Subordinate Loan for such Project Year (the “Project Year Initial Advance”) equal to the applicable amount set forth in the applicable Project Year Funding Schedule.