Common use of Completion and Equipping of Project Clause in Contracts

Completion and Equipping of Project. Company represents that: (a) it will cause or has caused the Project to be constructed as herein provided on the Project Site in accordance with the Plans and Specifications as the same may be amended from time to time. (b) it will make, execute, acknowledge and deliver any contracts, orders, receipts, writings and instructions with any other persons, firms or corporations and in general do all things which may be requisite or proper, all for acquiring, constructing, installing and equipping the Project. (c) It will ask, demand, ▇▇▇ for, ▇▇▇▇ and use its best efforts to recover and receive such sums of money, debts or other demands whatsoever in connection with the Project, to which it may be entitled under any contract, order, guaranty, warranty, writing or instruction in connection with any of the foregoing, and it will enforce the provisions of any contract, agreement, obligation, bond or other security in connection with the Project. Any amounts received in connection with the foregoing, after deduction of expenses incurred in such recovery, prior to the Completion Date and full disposition of the Construction Fund in accordance with this Agreement and the Indenture, shall be paid into the Construction Fund. (d) It will promptly commence and thereafter diligently pursue and continue the acquisition, construction, installation and equipping of the Project to completion and placement in service.

Appears in 2 contracts

Sources: Loan Agreement (Kentucky Utilities Co), Loan Agreement (Kentucky Utilities Co)

Completion and Equipping of Project. Company represents and covenants that: (a) it will cause or has caused the Project to be constructed as herein provided on the Project Site in accordance with the Plans and Specifications as the same may be amended from time to time. (b) it It will make, execute, acknowledge and deliver any contracts, orders, receipts, writings and instructions with any other persons, firms or corporations and in general do all things which may be requisite or proper, all for acquiring, constructing, installing and equipping the Project. (c) It will ask, demand, ▇▇▇ for, ▇▇▇▇ and use its best efforts to recover and receive such sums of money, debts or other demands whatsoever in connection with the Project, to which it may be entitled under any contract, order, guaranty, warranty, writing or instruction in connection with any of the foregoing, and it will enforce the provisions of any contract, agreement, obligation, bond or other security in connection with the Project. Any amounts received in connection with the foregoing, after deduction of expenses incurred in such recovery, prior to the Completion Date and full disposition of the Construction Fund in accordance with this Agreement and the Indenture, shall be paid into the Construction Fund. (d) It will promptly commence and thereafter diligently pursue and continue has, not earlier than October 1, 2000, completed the acquisition, construction, installation and equipping of the Project to completion and placement the Project has been placed in serviceservice as of such date.

Appears in 1 contract

Sources: Loan Agreement (PPL Energy Supply LLC)