Substitute Project definition

Substitute Project means a substitute or additional project of the Utility authorized in the manner set forth in the Bond Resolution.

Substitute Project means a substitute or additional project of the System authorized in the manner set forth in Article V of this Bond Resolution.

Substitute Project means a project for the delivery of an RSAP Dwelling proposed by the Grant Recipient pursuant to Condition 16 in substitution for a project comprised within the Approved Bid;

Examples of Substitute Project in a sentence

• The Finance Parties will not transfer or assign any Material Contract except to a Suitable Substitute Project Co in conjunction with a permitted transfer or assignment of the Project Agreement to that Suitable Substitute Project Co in accordance with Section 6.

• Nothing in this Agreement will be construed as creating a partnership or as constituting the Senior Lenders, the Agent, the Appointed Representative, any other Senior Lenders’ Representative or a Suitable Substitute Project Co as an agent of the Authority.

• Nothing in this Agreement will be construed as creating a partnership or as constituting the Senior Lenders, the Indenture Trustee, the Appointed Representative, any other Senior Lenders’ Representative or a Suitable Substitute Project Co as an agent of the Authority.

• Each Substitute Project may serve as a substitute for one or more Projects, provided that such Substitute Project has projected Project CAFD greater than or equal to the projected Project CAFD of the Projects that such substitute project is replacing.

• Atlantic shall have a period of 20 Business Days after receipt of any such Proposed Substitute Project to approve or reject, in its sole and absolute discretion, any such proposal, and failure of Atlantic to provide Homestead with written notice within such 20-Business Day period shall be deemed a rejection by Atlantic of the subject Proposed Substitute Future Project.

More Definitions of Substitute Project

Substitute Project means a solar power project that is not an Identified Call Right Asset (as defined in the Project Support Agreement) or an Unidentified Call Right Project (as defined in the Project Support Agreement), that SunEdison, subsequent to determining one or more of the Construction Projects is not reasonably expected to achieve a commercial operation date, contributes to the Company as a capital contribution without receiving any additional economic interest in the Company.

Substitute Project means a clean energy project that is (i) not identified on Exhibit A of the Support Agreement that SunEdison, subsequent to determining one or more of the Contributed Construction Projects is not reasonably expected to achieve a commercial operation date in the foreseeable future, contributes to the Company as a capital contribution without receiving any additional economic interest in the Company or (ii) a project identified as a potential acquisition project by SunEdison in the event any of the identified Pending Acquisitions is not acquired.

Substitute Project means the substitute or additional projects of the Issuer as authorized by

Substitute Project means a property which (i) has a Fair Market Value (as hereinafter defined) at least equal to the greater of that of the Replaced Project as of the date of the Substitution or as of the date of this Lease, (ii) the Improvements constituting a part of such Substitute Project have a remaining useful life and residual value substantially equivalent to, or better than, that of the Improvements constituting a part of the Replaced Project, (iii) is located in (A) the same state as the Replaced Project or (B) in another state acceptable to Landlord in Landlord's reasonable discretion (it being understood that Landlord shall not unreasonably withhold its consent to any state in which another Project is located, provided that Tenant shall pay any increased costs by reason of a Substitution in another jurisdiction) and (iv) is located in a market with similar characteristics and demographics as the Replaced Project. In the case of a Substitution as a result of a Major Casualty or Major Condemnation, the Fair Market Value of the Replaced Project and the remaining useful life and residual value of the Improvements constituting a part thereof shall be determined as of the date which is immediately prior to such Major Condemnation or Major Casualty (including, if construction is anticipated or being accomplished at such time with respect to such Replaced Project, the appraised value of the completed Project assuming that Completion of the Project has occurred). In the case of a Substitution as a result of a Project becoming Economically Obsolete, the Fair Market Value of the Replaced Project shall be equal to the appraised value as of the date hereof (including, if construction (including, without limitation, any renovation required under Section 9.1) is anticipated or being accomplished at such time with respect to such Replaced Project, the appraised value of the completed Project assuming that Completion of the Project has occurred). In the case of a Substitution pursuant to Section 3.3(c), the Fair Market Value of the Replaced Project shall be determined as of the date of Substitution (including, if construction (including, without limitation, any renovation required under Section 9.1) is anticipated or being accomplished at such time with respect to such Replaced Project, the appraised value of the completed Project assuming that Completion of the Project has occurred). Fee simple title to the Substitute Project must be conveyed to Landlord and Landlord will not ac...

Substitute Project means the substitute or additional projects of the Issuer as authorized by Section 507 of this Bond Resolution.

Substitute Project means a Project not listed on Schedule 7.6 which Sellers and Buyer agree shall be (i) an additional Project whose Lots shall be included in the Lots for which Entitlement Payments are made to Sellers under Section 3.6(b) (an “Additional Project”), (ii) a replacement for a Project whose Lots have not become Fully Entitled by June 30, 2010, (iii) a replacement for a Project for which Sellers have been unable to obtain any consents required under Section 4.4(q) or Section 4.6(b) (in either (ii) or (iii), a “Replaced Project”), (iv) any Lot “lost” in Live Oak Phase II as a result of any action by a Governmental Body in connection with the permitting process for such Projects or (iv) any Lot which shall be the subject of an Unresolved Title Objection under Section 7.7(c). In order to reach an agreement on a Substitute Project, the parties shall engage in the following process:

Substitute Project means the substitute or additional projects authorized pursuant to Section 603 of this Resolution.