Permitted project definition

Permitted project means a project where a permit for the work to be performed must be issued by a state or federal agency and, as a prerequisite to receiving such permit, the applicant must locate all underground facilities in the area of the work and in the vicinity of any blasting and notify each owner of such underground facilities;

Permitted project means a project where a permit for the

Permitted project means, at any time, any Project (i) the PV System related to which has not been installed as of such time, (ii) with respect to which a Loan Party has (A) entered into a Host Customer Agreement and (B) completed a system design, in each case, at such time, (iii) with respect to which the Loan Parties have received all necessary permits from Governmental Authorities required to be obtained prior to installation of the related PV System and (iv) that has not been Tranched as of such time.

Examples of Permitted project in a sentence

• Except for Permitted Liens and Permitted Project Liens, all such properties and assets are free and clear of Liens.

• All payments due under this Note (a) shall rank pari passu with all Other Notes and (b) shall be senior to all other Indebtedness of the Company and its Subsidiaries other than Permitted Senior Indebtedness and Permitted Project Indebtedness.

• If any Unsecured Subsidiary incurs Unsecured Subsidiaries’ Permitted Project Debt, the Borrower may request that such Unsecured Subsidiary be designated an Unrestricted Subsidiary such that the representations, covenants, Events of Default and other relevant provisions of this Agreement shall not apply in respect of such Unrestricted Subsidiary, and the Lenders agree to act reasonably in considering any such request.

• No Lien exists on any property of any Company except Permitted Liens and Permitted Project Liens.

• The Administrative Agent shall have received a copy of the Supply Agreement between TPI Turkey Izbas, LLC and Vestas Wind Systems A/S (the “Vestas Supply Agreement”), relating to the Permitted Project described as “TPI Turkey Izbas, LLC” on Schedule 1.01(C) to the Financing Agreement (as such schedule is amended by this Amendment), which Vestas Supply Agreement shall be in form and substance satisfactory to the Administrative Agent and executed by Vestas Wind Systems A/S.

More Definitions of Permitted project

Permitted project means a facility expansion project (i) described on Schedule 1.01(C) and subject to (x) the Capital Expenditure dollar limitations set forth in Schedule 1.01(C) and (y) any other limitations or conditions set forth in Schedule 1.01(C), (ii) for which the Parent has delivered to the Lenders (A) a presentation and budget in detail, form and substance reasonably acceptable to the Required Lenders, which presentation and budget shall include a detailed schedule of the Capital Expenditures required for such project and calculations showing pro forma compliance with the financial covenants set forth in Section 7.03, and (B) executed copies of any supply agreements supporting the proposed budget for such project, in form and substance satisfactory to the Required Lenders, and (iii) approved in writing by the Required Lenders. Schedule 1.01(C) may be updated from time to time with the written consent of the Required Lenders to add the projects described in clauses (ii) and (iii) above, and to make any modifications with respect to any project.

Permitted project means a facility expansion project (i) described on Schedule 1.01(C) on the Effective Date and subject to the Capital Expenditure dollar limitations set forth in Schedule 1.01(C), (ii) for which the Parent has delivered to the Lenders after the Effective Date a presentation and budget in detail, form and substance reasonably acceptable to the Required Lenders, which presentation and budget shall include a detailed schedule of the Capital Expenditures required for such project and calculations showing pro forma compliance with the financial covenants set forth in Section 7.03, and (iii) approved in writing by the Required Lenders. Schedule 1.01(C) may be updated from time to time with the written consent of the Required Lenders to add the projects described in clauses (ii) and (iii) above, and to make any modifications with respect to any project.

Permitted project means a facility expansion project (i) described on Schedule 1.01(C), as amended on the Amendment No. 2 Effective Date and subject to (x) the Capital Expenditure dollar limitations set forth in Schedule 1.01(C) (as amended by Amendment No. 2) and (y) any other limitations or conditions set forth in Schedule 1.01(C) (as amended by Amendment No. 2), (ii) for which the Parent has delivered to the Lenders after the Amendment No. 2 Effective Date (A) a presentation and budget in detail, form and substance reasonably acceptable to the Required Lenders, which presentation and budget shall include a detailed schedule of the Capital Expenditures required for such project and calculations showing pro forma compliance with the financial covenants set forth in Section 7.03, and (B) executed copies of any supply agreements supporting the proposed budget for such project, in form and substance satisfactory to the Required Lenders, and (iii) approved in writing by the Required Lenders. Schedule 1.01(C) may be updated from time to time with the written consent of the Required Lenders to add the projects described in clauses (ii) and (iii) above, and to make any modifications with respect to any project.”

Permitted project means a project where a permit for the work to be performed must

Permitted project means, at any time, an Eligible Project (i) the PV System related to which has not been installed as of such time, (ii) with respect to which a Loan Party has (A) entered into a Customer Agreement that satisfies the Customer Agreement Requirements and (B) completed a system design, in each case, at such time, (iii) with respect to which the Loan Parties have received all necessary permits from Governmental Authorities required to be obtained prior to installation of the related PV System and (iv) that has not been Tranched as of such time.

Permitted project means any project or venture (including the Rialto Project and the Natchez Project); provided that:

Permitted project means a project at an airport terminal listed on Schedule 10A hereto.”