Examples of Third Phase in a sentence
Since the highest applicable percentage ratio in respect of the Disposals exceeds 25% but less than 75%, the entering into of the Third Phase Disposals constitutes a major transaction for GCL-Poly and it shall comply with the reporting, announcement, circular and shareholders’ approval requirements under Chapter 14 of the Listing Rules.
Third Phase Agreements shall obligate Project Participants to treat all Project Costs as operation and maintenance expenses of their respective Electric Systems, and shall pledge the Project Participant’s obligation to raise electric rates and/or increase Revenues upon demand of NCPA so as to pay such Project Costs.
The “Third Phase” of a NCPA Project consists of all work performed after one or more NCPA Members has contracted with NCPA pursuant to a Third Phase Agreement to participate in the financing, construction, operation, and maintenance, and/or rights to the output, of the NCPA Project.
Third Phase Agreements shall be written as “take-or-pay” (“hell-or-high-water”) agreements to the greatest extent possible, so as to insulate NCPA and all Members who are not Project Participants from liability arising from the NCPA Project.
The Common Amenities and Facilities mentioned in Part-III of Schedule E shall arise upon launch of the Second Phase and shall be for use and enjoyment of the Allottees of the Second Phase in common with the Allottees of the Project and on launch of the Third Phase also in common with the Allottees of the Third Phase.
On launch of the Third Phase these shall be for use and enjoyment of the Allottes of the Project, the Second Phase and the Third Phase.
The “Second Phase” of a NCPA Project consists of all work performed after one or more NCPA Members has signed a Second Phase Agreement with NCPA for Project surveys, preliminary investigations, study, design, or development, but before a Third Phase Agreement for the NCPA Project becomes effective.
Member Participants may elect to finance and participate in the Second Phase, Third Phase, or operation of a NCPA Project through execution of a Project Agreement.
The Common Amenities and Facilities mentioned in Part-II of Schedule E shall be for use and enjoyment of the Allottees of the Project until Second Phase and Third Phase are respectively launched.
Unless otherwise agreed, any Third Phase Agreement shall provide for retirement of any preliminary financing and reimbursement of any expenditure of Project Participants in the Second Phase of such NCPA Project, out of final long-term financing of the NCPA Project or other funding method, including but not limited to cash payment.