Project Sale definition

Project Sale means the sale, lease (other than leases of space in a Project) or other disposition (including, without limitation, any sale and leaseback transaction) to any Person (other than to an Affiliate of the affected Borrower) of:
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Project Sale means the Disposition of all or any portion of the Equity Interests owned, directly or indirectly, by the Borrower in any Subsidiary of the Borrower, or the sale of all or substantially all of the assets of any such Subsidiary (excluding any such Disposition in connection with a Permitted Tax Equity Arrangement); provided, however, that any restructuring transaction or series of restructuring transactions involving a Disposition of all or any portion of the Equity Interests owned, directly or indirectly, by the Borrower in any Subsidiary of the Borrower pursuant to transaction documentation acceptable to the Required Lenders that does not, following the consummation of such transactions, result in a change to the Borrower’s ownership interest on a fully diluted basis of the aggregate voting and economic interests in such Subsidiary shall not constitute a “Project Sale.”
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Project Sale means the Disposition of all or any portion of the Equity Interests owned, directly or indirectly, by the Borrower in any Subsidiary of the Borrower, or the sale of all or substantially all of the assets of any such Subsidiary (excluding (a) any such Disposition in connection with a Permitted Tax Equity Arrangement and (b) any such Disposition to the Borrower or any wholly-owned Subsidiary of the Borrower); provided, however, that any restructuring transaction or series of restructuring transactions involving a Disposition of all or any portion of the Equity Interests owned, directly or indirectly, by the Borrower in any Subsidiary of the Borrower pursuant to transaction documentation acceptable to the Required Lenders that does not, following the consummation of such transactions, result in a change to the Borrower’s ownership interest on a fully diluted basis of the aggregate voting and economic interests in such Subsidiary shall not constitute a “Project Sale.”
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Examples of Project Sale in a sentence

  • Upon a Project Sale (other than a Partial Project Sale), the Borrower agrees to cause any applicable Subsidiary to return any original issued Letter of Credit issued with respect to such Subsidiary to each applicable Issuing Bank for cancellation.

  • To eliminate the book value of the assets and liabilities sold in the Florida Project Sale, assuming the Florida Project Sale had been consummated on December 31, 2012.

  • In connection with any Project Sale Offer submitted by BHMF GP to the Limited Partner in accordance with this Section 14.2(a), BHMF GP shall include with such Project Sale Offer evidence satisfactory to the Limited Partner that BHMF GP has (or has available to it through BHMF REIT or otherwise) funds in an amount sufficient to purchase the Projects to which such Project Sale Offer relates.

  • In no event shall the Limited Partner be obliged to accept any Project Sale Offer.

  • To record the estimated pro forma loss on the Florida Project Sale.

  • To eliminate the estimated third-party advisory and legal costs of approximately $0.3 million, which are directly attributable to the Florida Project Sale, but are not expected to have a continuing impact on the Company’s results of operations.

  • Location of the Project; Sale or Transfer of the Project..........11 Section 11.

  • To eliminate the income from the discontinued operations sold in the Florida Project Sale, assuming the Florida Project Sale had been consummated on January 1, 2012.

  • To record the net proceeds received from the Florida Project Sale of $48.0 million after payment on the senior credit facility.

  • The net proceeds of the Pennsylvania Project Sale, to the extent such proceeds are available for Permitted Pennsylvania Project Proceeds Payments, shall be applied first to pay the Discount Payment and the other Permitted Pennsylvania Project Proceeds Payments in full prior to the payment of any other obligations of Partnership, Centaur PA or any Affiliate thereof.


More Definitions of Project Sale

Project Sale means any sale or other transfer, or series of related sales or transfers, to any Person, other than (a) El Paso or any Affiliate of El Paso other than any such Affiliate with respect to which all or substantially all of the economic benefit interest is held by a Person other than El Paso and its consolidated subsidiaries, or (b) or Enron, of
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Project Sale means each of the projects sold by the Company and any Company Subsidiary as described further in Schedule 1.01(d).
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Related to Project Sale

  • Project Start Date means the first Milestone Start Date specified in Schedule B;

  • Project Completion means completion of the Redevelopment in accordance with this Agreement to the state where the whole of the Morley Shopping Centre, as so redeveloped, is capable of occupation for its intended purpose;

  • Project Services means architectural, engineering services, land surveying, construction management at-risk services, ancillary technical services or other construction-related services determined by the board to be required by the project.

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Project Assets means all physical and other assets relating to and forming part of the Site including:

  • Project Staff means the personnel of Contractor and Subcontractors who provide the Work.

  • Project Sponsor means an eligible governmental agency receiving program funds pursuant to an approved application.

  • Project Scope means the description or activity of work to be accomplished on the project.

  • Pilot project means an innovative environmental project that covers one or more designated facilities, designed and implemented in the form of an EMSA. (See Section 52.3 of the Act.)

  • Project Proposal is the final and written description of the Project as described in Exhibit A, to be undertaken by Sub-recipient for which the Project Funds is granted and performance is required and monitored pursuant to this PFA.

  • Construction Activities means the disturbance of soils associated with clearing, grading, excavation activities or other construction-related activities.

  • Proposed Project SCHEDULE: (edit schedule below as appropriate) Project Event Completion Date Pre-bid Meeting Questions Due Proposals Due Begin Work Programming Phase Permitting Phase Schematic Design Phase Design Development Phase Construction Documents Phase Bidding or Negotiation Phase Construction Administration 1-Year Warranty

  • New Project means (a) each facility which is either a new facility, branch or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

  • Major project means a project comprising of a series of works, activities or services which is intended, in itself, to accomplish a definite and indivisible task of a precise economic or technical nature, which has clearly identified goals and whose total cost exceeds that which is specified in the Framework Agreement;

  • Development Work means the conduct of preclinical and clinical trials, the compilation of the regulatory dossier concerning Licensed Products and the conduct of other work necessary or useful for obtaining Regulatory Approval of Licensed Products.

  • Project Work has the meaning ascribed thereto in Section 2.03.

  • Project Subsidiary means any Subsidiary of the Company held for the purpose of holding, constructing or acquiring power generation facilities or related or ancillary assets or properties and any Subsidiary of the Company whose assets consist primarily of equity interests in one or more other Project Subsidiaries; provided that a Subsidiary will cease to be a Project Subsidiary if it Guarantees any Indebtedness of the Company other than obligations of the Company related to Project Debt of one or more Project Subsidiaries.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Initial Budget has the meaning set forth in Section 7.06(a).

  • Projects means the projects identified in Exhibit A to the Agreement and all other projects, any costs of which are included in a Transitional Capital Plan pursuant to the Act or are Recovery Costs, and financed, by payment or reimbursement, with the proceeds of Bonds or Notes.

  • Major renovation means the renovation of a building where:

  • Development Project means a project for the development of land within a