Restoration Conditions means in the event Borrower wishes to restore any Project or the Project Site affected by an Event of Eminent Domain or any event of loss for which Borrower or any Project Company has received Loss Proceeds in an amount in excess of $1,500,000, Borrower has promptly delivered to the Administrative Agent a Restoration Plan and, such Restoration Plan has been approved by the Lenders and the Administrative Agent in their sole discretion, in consultation with the Independent Engineer; provided, however, that to the extent the Restoration Plan is otherwise approved as set forth above and prior to the receipt of such Loss Proceeds from the relevant insurance company, the Borrower may use Borrower Equity to restore the Project or the Project Site affected by such Event of Eminent Domain or event of loss and, following such restoration to the satisfaction of the Administrative Agent (acting in consultation with the Independent Engineer), the Borrower may be subsequently reimbursed in an amount up to the Loss Proceeds, if any, actually received in the Loss Proceeds Account with respect to such Event of Eminent Domain or event of loss, as applicable.
Restoration Conditions. As defined in Section 12.1(a).
Restoration Conditions is defined in Section 6.3(b).
Examples of Restoration Conditions in a sentence
Unless further permission has been granted for a continuation of operations beyond this period the site shall be reclaimed in accordance with the Restoration Conditions and Aftercare Conditions approved for the Operational Areas by 21st February 2047.Notes Following VisitThis condition identifies that this permission is valid until 21 February 2042.
Unless further permission has been granted for a continuation of operations beyond this period the site shall be reclaimed in accordance with the Restoration Conditions and Aftercare Conditions approved for the Operational Areas by 21st February 2047.Notes Following VisitThis condition identifies that the permission will expire on 21st February 2042.
Unless further permission has been granted for a continuation of operations beyond this period the site shall be reclaimed in accordance with the Restoration Conditions and Aftercare Conditions approved for the Operational Areas by 21st February 2047.Notes Following VisitThis is recognised to be a post dated condition.
Companies must disclose the information shown in the column headings below for each director for the last completed fiscal year.
Unless further permission has been granted for a continuation of operations beyond this period the site shall be reclaimed in accordance with the Restoration Conditions and Aftercare Conditions approved for the Operational Areas by 21st February 2047.Notes Following VisitThis is recognised as a Post dated condition.
More Definitions of Restoration Conditions
Restoration Conditions has the meaning set forth in Section 9.1(d) of this Agreement.
Restoration Conditions has the meaning set forth in Section 6.6(a).
Restoration Conditions has the meaning set forth in Section 9.1(d) of this Agreement. “Secretary of State” means the Secretary of State of the State of California.
Restoration Conditions means the satisfaction of the following conditions precedent: (A) the restoration cost is in an aggregate amount of less than twenty-five percent (25%) of the original principal balance of the Note, (B) in the reasonable judgment of Mortgagee, the Mortgaged Property can be restored within six (6) months after insurance or condemnation proceeds (as applicable) are made available to an economic unit not less valuable (including an assessment of the impact of the termination of any Leases due to such Insured Casualty or Condemnation Loss) and not less useful than the same was prior to the Insured Casualty or Condemnation Loss (as applicable), and after such restoration will adequately secure the outstanding balance of the Debt, and (C) no Event of Default (hereinafter defined) shall have occurred and be then continuing, and (D) with respect to an Insured Casualty, such restoration can occur at least ninety (90) days prior to the cessation of payments under the foregoing rental loss insurance.
Restoration Conditions means, in the case of any Event of Damage or Event of Taking other than a Minor Loss that (a) within not more than thirty (30) days following the occurrence of any such Event of Damage or Event of Taking, the Borrower notifies the Administrative Agent of its intent to Restore the Pipeline, (b) within not more than sixty (60) days of the occurrence of any such Event of Damage or Event of Taking, the Borrower delivers to the Administrative Agent and the Independent Engineer a plan for Restoration of the Pipeline that, among other things, (i) demonstrates that Restoration is technically feasible and can be completed not later than twelve (12) months after the commencement of the work and (ii) demonstrates that following such Restoration, the Pipeline will be capable of operating in a manner at least as favorable (as determined by the Administrative Agent after consultation with the Independent Engineer) as the assumptions set forth in the Base Case Projections, and that the Borrower will be able to satisfy its obligations under Section 5.02, and (iii) sets forth in reasonable detail a budget for such Restoration, (c) the Administrative Agent, after consultation with the Independent Engineer concurs with the conclusions set forth in the plan delivered pursuant to clause (b), (d) the Borrower demonstrates to the reasonable satisfaction of the Administrative Agent and the Required Lenders that (i) such Restoration can and will be completed without the proceeds of any Loans, and that the Insurance Proceeds or Condemnation Proceeds, together with other funds of the Borrower deposited with the Collateral Agent for such Restoration are sufficient to pay in full the cost of the Restoration plus all amounts payable under the Material Project Documents and the Loan Documents, including, without limitation, the payment in full of all Obligations and Operating Expenses when and as due, during the period of the Restoration and (ii) as the result of such Restoration, no Material Adverse Effect could reasonably be expected to occur, nor could any Event of Default reasonably be expected to result, and (e) no Event of Default (other than Events of Default that would be cured as a result of such Restoration) shall then have occurred and be continuing.
Restoration Conditions as such term is defined in Section 8.1(a).
Restoration Conditions means (a) no Default or Event of Default shall have occurred and be continuing and (b) the Borrower shall have delivered to the Administrative Agent (I) contracts for such repair or replacement demonstrating the Borrower’s ability to effect such repair or replacement at a cost not greater than the insurance proceeds therefor (or, if such cost is greater, accompanied by an explanation of the source of funds for such excess amounts satisfactory to the Required Lenders), (II) cash-flow projections and other assurances satisfactory to the Required Lenders providing for the Borrower’s ability to meet its obligations under the Loan Documents during the period from such loss until and following completion of such repair or replacement and (III) assurances that all Project Documents and Governmental Approvals shall remain in full force and effect during such period and thereafter to the satisfaction of the Required Lenders and that the Borrower and the Project are in compliance with all Governmental Requirements.