Project Finance definition

Project Finance means a mechanism for financing a project where, ordinarily, the bulk of such financing is by way of debt finance (which is repaid principally out of the revenues produced by the Project) and not by way of equity capital;

Project Finance means any Financial Indebtedness to finance the ownership, acquisition, development, operation and/or maintenance of any asset or business (a “Project”) and incurred by an Obligor in respect of which the person or person to whom any such Financial Indebtedness is, or may be, owed has or have no recourse to any member of the Group for the repayment thereof other than:

Project Finance means any financing arrangement (i) for the provision of funds which are to be used exclusively to finance a particular project for the acquisition, construction, development or exploitation of any property or project; and (ii) under which the creditors under such financing arrangement have agreed to limit, as a principal source of repayment, their recourse only to the assets and revenues of, and quota(s) or shares issued by, the Project Company implementing such project;

Examples of Project Finance in a sentence

• Interconnection Customer may, without the consent of the Transmission Provider or the Interconnected Transmission Owner, assign the Interconnection Service Agreement to any Project Finance Entity(ies), provided that such assignment does not alter or diminish Interconnection Customer’s duties and obligations under this Interconnection Service Agreement.

• If Interconnection Customer provides the Interconnected Transmission Owner with notice of an assignment to any Project Finance Entity(ies) and identifies such Project Finance Entities as contacts for notice purposes pursuant to Section 20 of this Appendix 2, the Transmission Provider or Interconnected Transmission Owner shall provide notice and reasonable opportunity for such entity(ies) to cure any Breach under this Appendix 2 in accordance with this Appendix 2.

• Interconnection Customer may, without the consent of the Transmission Provider or the Interconnected Transmission Owner, assign the Interconnection Construction Service Agreement to any Project Finance Entity(ies), provided that such assignment shall not alter or diminish Interconnection Customer’s duties and obligations under this Interconnection Construction Service Agreement.

• Upon presentation of the Transmission Provider and/or Transmission Owner’s invoice therefor, Wholesale Market Participant shall pay the Transmission Provider and/or the Transmission Owner’s reasonable documented cost of providing such documents and certificates as requested by such Project Finance Entity(ies).

• To review the applicability to this Sector Understanding of provisions of the Arrangement in relation to Project Finance.

More Definitions of Project Finance

Project Finance means a loan from the Department of Energy or third-party lender sufficient to pay for and/or reimburse Seller for construction and initial operations costs and expenses associated with the Makushin Geothermal Project.

Project Finance means debt financing non-recourse to the Shareholders provided to the Company by one or more reputable financial institutions which will allow the Company to draw down up to such amount as provided for in the initial Business Plan in order to finance the construction of the System.

Project Finance. Plan shall mean the plan for financing of the costs of the Project set forth in Exhibit J to the Agency Lease. Project Improvements shall mean all buildings, structures, foundations, related facilities, fixtures and other improvements resulting from the Project Work. Project Work shall mean the work required to complete the construction and/or renovation portion of the Project as such work is further set forth in the Project Cost Budget.

Project Finance means the financing of long-term large capital assets (including infrastructure, energy and resources and industrial projects but, for the avoidance of doubt, not including stock-in-trade) where the debt is:

Project Finance means a form of ‘Non-recourse’ or ‘Limited Recourse’ financing, where the lenders base their credit decision solely or primarily on the cash flows of the project, with respect to repayment of the project debts.

Project Finance means a structure where the debt financing (provided by banks or the bond market) is raised on a project-specific basis, relying primarily on the underlying Agreement and the various subcontracts for security and on the specific Project cash flows for repayment, and with limited (or no) recourse to the parent company.

Project Finance means a form of either ‘non-recourse’ or ‘limited recourse’ financing, wherein lenders look solely or primarily to the cash flows of a project to repay debt service and to all of the underlying project assets (including all physical and contractual assets) as collateral for the loan.