Material Projects Sample Clauses
Material Projects. (i) With respect to any Material Project, the following adjustments (the “Material Project EBITDA Adjustments”) may be made, at the Borrower’s discretion, to Consolidated EBITDA:
(A) not more than 90 days prior to the Commercial Operation Date of such Material Project (but including the fiscal quarter in which such Commercial Operation Date occurs) and upon at least 75% completion of any Material Project supported by fee-based contracts with committed throughput volumes, a percentage (based on the then-current completion percentage of such Material Project as of the date of determination) of an amount to be approved by the Administrative Agent as the projected Consolidated EBITDA attributable to such Material Project for the first 12-month period following the scheduled Commercial Operation Date of such Material Project (such amount to be determined based upon projected revenues from customer contracts, projected revenues that are determined by the Administrative Agent, in its discretion, to otherwise be highly probable, the creditworthiness and applicable projected production of the prospective customers, capital and other costs, operating and administrative expenses, scheduled Commercial Operation Date, commodity price assumptions and other factors deemed appropriate by the Administrative Agent), may be added, at the Borrower’s option, to actual Consolidated EBITDA for the fiscal quarter in which construction or expansion of such Material Project commences and for each fiscal quarter thereafter until the Commercial Operation Date of such Material Project (including the fiscal quarter in which such Commercial Operation Date occurs, but net of any actual Consolidated EBITDA attributable to such Material Project following such Commercial Operation Date); provided that if the actual Commercial Operation Date does not occur by the scheduled Commercial Operation Date, then the foregoing amount shall be reduced for quarters ending after the scheduled Commercial Operation Date to (but excluding) the first full quarter after the actual Commercial Operation Date, by the following percentage amounts depending on the period of delay (based on the period of actual delay or then-estimated delay, whichever is longer): (1) 60 days or less, 0%, (2) longer than 60 days, but not more than 90 days, 50%, and 3) longer than 90 days, 100%; and
(B) beginning with the first full fiscal quarter following the Commercial Operation Date of such Material Project and for the two (2) i...
Material Projects. (a) Unless a Collateral Release has occurred, concurrently with the acquisition by Borrower or any Restricted Subsidiary of any fee or leasehold interest in Real Property which is to be used in conjunction with the MGM Grand Atlantic City or any other Material Project, execute and deliver to the Administrative Agent, a first mortgage with respect thereto (in a form reasonably acceptable to the Administrative Agent and in any event providing substantive remedies no less favorable to the Creditors than the Nevada Deed of Trust), together with the following, in each case at Borrower's and the Co-Borrowers' sole expense:
(i) to the extent that construction of the relevant Material Project has then commenced, assurances from a title insurance company acceptable to the Administrative Agent that it is prepared to issue its "LP-10" ALTA construction lenders title policy (or such other lenders title policy determined by the Administrative Agent to be the equivalent thereof) insuring the Lien of such first mortgage in an amount not less than the Minimum Title Insurance Amount for that Project, subject only to such exceptions as are reasonably acceptable to the Administrative Agent, with such title policy endorsements as the Administrative Agent may reasonably require and with such assurances as the Administrative Agent may reasonably require from title re-insurers acceptable to the Administrative Agent, together with the written commitment of such -------- ---- title insurance company to issue on or before the relevant Completion Date its replacement ALTA title policy in the same form with such title policy endorsements as the Administrative Agent may reasonably require;
Material Projects. The Material Projects are the only material mineral property in which the Company has an interest. “Material Projects” means the NBP property and MLP property.
Material Projects. KDB Phase II MiVida Plant Mariner South (Lone Star portion) ▇▇▇▇▇▇▇▇ Cryogenic Plant Liquids Express G&P Eagle Ford Expansion Lone Star Fractionator III Lone Star Express Pipeline Meshoppen Extension Mehoopany Compression Expansion Korban/Auburn Expansion Project Utica Trunkline & Gathering System ▇▇▇▇▇▇▇ Heirs Gathering Phase I East Clinton Gathering Phase I Rebel Natural Gas Processing Plant Rover Pipeline DAPL/ETCO (▇▇▇▇▇▇ Projects) Eaglebine Express Granite Wash Extension Mariner South (SXL portion) Mariner West - Incremental 30MB/D Permian Express 1 - Incremental 60MB/D Permian Express 2 Total Spur Pipeline Extension
Material Projects. The Material Project is the only material mineral property in which the Company has an interest. For purposes herein, “Material Project” means the Company’s interest in the Buckreef Gold Project in Tanzania, Africa, which interest is held by the Company through TRX Gold Tanzania Limited, a wholly-owned Subsidiary of the Company.
Material Projects. The Material Projects are the only material mineral properties of the Company. For purposes herein, “Material Projects” means Relief Canyon, the Cosalá Operations, and the Galena Complex.
Material Projects. The Material Project is the only material mineral property in which the Company has an interest. For purposes herein, “Material Project” means the Iron Creek Project in Lemhi County, Idaho, U.S.A.