Project Facility definition

Project Facility means facility being one or more of the following facilities as specified in the Special Conditions of Contract, being developed in accordance with the Project and the Detailed Project Implementation Report and includes all its buildings, equipment, facilities, software and systems and includes without limitation, where the circumstances so require, any expansion thereof from time to time and may include any new location to be separately mentioned in the Special Conditions of Contract.

Project Facility means all tangible or intangible property financed in whole or in part with Tax-Exempt Bonds that are (1) functionally related or integrated in use, (2) located on the same physical site or proximate sites, and (3) expected to be Placed In Service within a one-year period of each other.

Project Facility can refer to any one of them, as the context may require;

Examples of Project Facility in a sentence

• The Agency shall have no obligation to operate, maintain, repair, replace, modify or improve any Individually-Owned Project Facility.

• Upon Completion of Construction of any Individually-Owned Project Facility, the Agency will convey all of its right, title and interest in the completed Individually-Owned Project Facility to the Project Participant that is served by that Project Facility and that Project Participant shall accept the conveyance of the completed Project Facility and thereafter be responsible for the ownership, operation, maintenance, repair, replacement, modification and improvement of that Project Facility.

• If, at the time of dissolution, the Agency has completed any Project Facility, then the dissolution agreement also must provide for one of the Parties or a responsible successor entity to assume the rights, liabilities and obligations to continue the operation and maintenance of the Project Facility or Facilities.

• In the Final Engineering and Construction phases of the Project, the Agency shall keep and maintain accurate records showing and segregating the Capital Costs of the various Project Facility cost categories set forth below.

More Definitions of Project Facility

Project Facility means the facilities as specified in the Tender document, being developed in accordance with the Project and includes all its buildings, equipment, facilities, software and systems and includes without limitation, where the circumstances so require, any expansion thereof from time to time and may include any new location. The proposed locations have been mentioned in clause 1.4 for “Scope of Works”.

Project Facility means any Financial Indebtedness incurred by a Project Entity for the purpose of financing or refinancing a Project or part of a Project.

Project Facility means any credit facility taken up by the Issuer or any subsidiary of the Issuer owning the Järfälla Skälby Property, the Sanden Properties or the Karlholm Properties, solely to finance a construction on such Pproperty.

Project Facility means the Land, the Facility and the Equipment.

Project Facility means collectively the facilities, permanent as well as temporary, on the Project Site to be constructed, built, installed, errected or provided by the Concessionaire by implementing the Project‟.

Project Facility means one or more facilities or capital projects, including land, building, equipment, or other property, financed in whole or in part with proceeds of an issue of Tax-Exempt Bonds and other sources of funds, if any, pursuant to the same plan of finance.

Project Facility means the military base or installation at which such qualified military project