Obligations of the Project Company Clause Samples

The 'Obligations of the Project Company' clause defines the specific duties and responsibilities that the project company must fulfill under the contract. This typically includes requirements such as completing the project according to agreed specifications, adhering to timelines, maintaining compliance with relevant laws and regulations, and providing regular progress reports to stakeholders. By clearly outlining these obligations, the clause ensures accountability and sets measurable standards for performance, thereby reducing the risk of disputes and ensuring the project's successful delivery.
Obligations of the Project Company. 4.1 Fund its Costs of Entering into and Complying with the Project Agreements 4.1.1 negotiate and enter into the Project Agreements and dutifully perform its obligations arising under or in connection with the Project Agreements; 4.1.2 arrange all necessary financing for the design, development, construction, completion testing, Commissioning, operation and maintenance of the Wind Farm Facility and any necessary working capital in order to perform its obligations under the Project Agreements; 4.1.3 procure that the Finance Parties or their representatives to enter into a Direct Agreement under Clause 3.6. 4.1.4 provide all information and supporting documentation lawfully required by any Competent Authority in any application for the grant of or under any licence, permit or consent in respect of building, owning, operating and maintaining the Wind Farm Facility; and 4.1.5 comply with the Environmental Requirements applicable to the Project Company and shall be responsible for the compliance by its officers, employees, directors, agents and Affiliates with the Environmental Requirements applying to them in relation to their undertaking duties relating to the Project and the business of the Project Company relating to the Project. 4.2 Abide by the Conditions which attach to its Incentives 4.3 Not agree to amendments to any of the Project Agreements without the Consent of the Government
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Obligations of the Project Company. (a) The Project Company shall provide Kinergy with all information reasonably requested by Kinergy, and the Project Company shall assist Kinergy as reasonably requested in the solicitation, negotiation and performance of Bilateral Transactions. (b) Notwithstanding anything to the contrary herein, the Project Company shall not be responsible for the delivery of any Ethanol to Kinergy during any periods of scheduled Facility maintenance (unless and to the extent the applicable Ethanol is available to be delivered to Kinergy from the Project Company's storage facilities); provided, that (i) Kinergy shall have received at least ten Business Days prior notice of such scheduled maintenance, (ii) such maintenance shall have been scheduled in accordance with the operating protocol referred to in Section 2.7(b) below and (iii) Kinergy has not, prior to the receipt of any such notice, entered into binding Bilateral Transactions which require Kinergy to supply Ethanol to Third Parties during such scheduled maintenance periods. (c) If on any day, the Project Company is unable to perform its obligations to deliver Ethanol under this Agreement due to a mechanical breakdown (including a forced outage of the Facility) that is not a Force Majeure Event and such mechanical breakdown has continued for more than five consecutive days, the Project Company shall, at its option and provided that the Project Company provides Kinergy with prompt notice of its intent to exercise such option, procure replacement denatured fuel ethanol to be delivered to the Third Party under the applicable Bilateral Transaction. In such event, if and only if the Parties reach agreement as to an alternative delivery point, the Project Company shall deliver to Kinergy replacement denatured fuel ethanol in a quantity sufficient to meet the contract quantity of such Bilateral Transaction at such alternate point (and the Project Company shall be responsible for all transportation costs associated therewith). In all other instances, the Project Company shall be responsible for any damages incurred by Kinergy in connection with Kinergy's failure to perform under the applicable Bilateral Transaction as a result of such mechanical breakdown (it being acknowledged and agreed that Kinergy shall use commercially reasonable efforts to mitigate the effects of any such mechanical breakdown and the Project Company's resulting in ability to deliver Ethanol including the identification and procurement (at the Project...
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Obligations of the Project Company. The Project Company will take (and will procure that the O&M Contractor and any sub-contractor of theirs and their employees take) all necessary action to provide the Services:
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Obligations of the Project Company. Subject to establishment of Project Company and supply of the Collective Land pursuant to the Agreement, the Project Company shall complete renovation of no less than 100 reserved village houses by the end of December 2021, and by the end of April 2022, complete the construction of no less than 8 sets of model houses and build a public service center of not less than 2,000 square meters in the Fuhu Village. The Project Company shall also set up a development fund for local revitalization and development of the Fuhu Village based on 10% of the Project Company’s annual profit. Shanghai Xinxing is responsible for facilitating the construction of public utilities and infrastructure within the project area, liaising with the PRC local governmental departments for relevant approvals, formulating land consolidation policies, and facilitating the obtaining of subsidies for the Company and the Project Company. The Company is responsible for the overall planning and implementation of the Project, investments on the Lands (including the acquisition costs of the Collective Land), the construction and operating costs of the Project. The Project will be operated and managed by the Company through the Project Company. Shanghai Xinxing and Fuhu Cooperative will not participate in the operation and management of the Project Company. Pursuant to the constitutional documents to be adopted by the Project Company, it is expected that the Project Company will have only one executive director, who shall be nominated by ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, and subject to appointment and removal in the shareholders meeting of the Project Company.
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Obligations of the Project Company. 4.1 Securing the Project finance The Project Company shall assume the responsibility for financing all the investment expenses incurred in the implementation of the Project. One of the conditions for securing the Project finance is that the loans must be secured by a guarantee provided by the state of North-Rhine Westphalia and the guarantee to be provided by the Client referred to at Art. 2.6d). 4.2 Building permits and operating licences The Project Company shall apply for all approvals, permits, licences and agreements required for the construction of the Complex (hereinafter referred to as "permits") without delay. The Client shall assist the Project Company in this to the best of its ability. If the permits required to build the facility are not obtained on time despite the correct and proper submission of the application by the Project Company, with the result that the Project Company is unable to commence and/or complete and/or commission the Complex by the times for completion laid down in the Investment Agreement, the Project Company shall not be bound by the times for completion agreed in the Investment Agreement. The relevant times shall be put back by a period equivalent to the delay in the granting of the permit concerned. Should the Project Company incur any additional costs (in particular interest on finance) as a result of a delay
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Obligations of the Project Company. The Project Company shall, throughout the Term, maintain and repair the PV Facility in order to maintain, throughout the Term, the initial performance specifications as described in the Operating Characteristics (as adjusted to reflect adjustments resulting from specific site climatic conditions), as well as in accordance with Prudent Utility Practice and with the other terms of this Agreement.
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Related to Obligations of the Project Company

  • Obligations of the Purchaser (a) The Purchaser shall furnish in writing to the Company such information regarding itself, the Registrable Securities or Additional Registrable Securities, as applicable, held by it and the intended method of disposition of the Registrable Securities or Additional Registrable Securities, as applicable, held by it, as shall be required by the 1933 Act to effect the registration of such Registrable Securities or Additional Registrable Securities, as applicable, and shall execute such documents in connection with such registration as the Company may reasonably request. At least ten (10) Business Days prior to the first anticipated filing date of any Registration Statement (or such shorter period as may be agreed to by the Purchaser), the Company shall notify the Purchaser of the information the Company requires from the Purchaser if the Purchaser's Registrable Securities or Additional Registrable Securities are to be included in the Registration Statement. (b) The Purchaser, by its acceptance of the Registrable Securities and Additional Registrable Securities, if any, agrees to cooperate with the Company as reasonably requested by the Company in connection with the preparation and filing of a Registration Statement hereunder, unless the Purchaser has notified the Company in writing of its election to exclude all of its Registrable Securities or Additional Registrable Securities, as applicable, from the Registration Statement. (c) If the Purchaser determines to engage the services of an underwriter, which underwriter is reasonably acceptable to the Company, the Purchaser agrees to enter into and perform its obligations under an underwriting agreement, in usual and customary form, including, without limitation, customary indemnification and contribution obligations, with the managing underwriter of such offering and take such other actions as are reasonably required in order to expedite or facilitate the dispositions of the Registrable Securities or Additional Registrable Securities, as applicable. (d) The Purchaser agrees that, upon receipt of any notice from the Company of the happening of any event rendering a Registration Statement no longer effective or available for use by the Purchaser, the Purchaser will immediately discontinue disposition of Registrable Securities or Additional Registrable Securities pursuant to the Registration Statement covering such Registrable Securities or Additional Registrable Securities, until the Purchaser's receipt of the copies of the supplemented or amended Prospectus filed with the SEC and declared effective and, if so directed by the Company, the Purchaser shall deliver to the Company (at the expense of the Company) or destroy all copies in the Purchaser's possession of the Prospectus covering the Registrable Securities or Additional Registrable Securities, as applicable, current at the time of receipt of such notice. (e) The Purchaser may participate in any third party underwritten registration hereunder unless it (i) agrees to sell the Registrable Securities or Additional Registrable Securities, as applicable, on the basis provided in any underwriting arrangements in usual and customary form entered into by the Purchaser, (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements, and (iii) agrees to pay its pro rata share of all underwriting discounts and commissions and any expenses in excess of those payable by the Company pursuant to the terms of this Agreement.

  • Obligations of the Parties Clause 8

  • Obligations of the Processor 3.1 The Processor undertakes to carry out Data Processing exclusively on the basis of documented instructions from the Controller. If the Processor considers an instruction of the Controller to be unlawful, the Processor shall be entitled to suspend the implementation of the relevant instruction until it is confirmed or amended by the Controller. 3.2 The Processor shall be obliged to treat confidentially any personal data of which it becomes aware in connection with the Data Processing. The Processor shall impose a confidentiality obligation on all persons authorized by it to process the data, unless they are already subject to a statutory duty of confidentiality. The obligation of confidentiality and non-disclosure shall continue to apply after termination of this DPA. 3.3 The Processor shall take all necessary technical and organizational measures within the meaning of Art. 32 of the GDPR. These technical and organizational measures are data security measures to ensure a level of protection appropriate to the risk with regard to confidentiality, integrity, availability and the resilience of the systems. They shall take into account the state of the art, the costs of implementation and the nature, scope and purposes of the processing, as well as the varying likelihood and severity of the risk to the rights and freedoms of natural persons. The technical and organizational measures taken by the Processor are available at ▇▇▇▇▇://▇▇▇▇.▇▇/en/legal in the current version. 3.4 The Processor shall, where possible, support the Controller with appropriate technical and organizational measures to enable the Controller to comply with the data subject rights under Chapter III of the GDPR within the legal time limits and shall provide the Controller with the necessary information to do so upon the Controller's request, provided that the Processor has such information. If a subject submits a request to the Processor to exercise the data subject rights, the Processor shall be obliged to forward the request to the Controller if the request relates to Data Processing by the Controller. 3.5 The Processor shall support the Controller in the performance of the obligations incumbent upon the Controller pursuant to Art. 32 to 36 of the GDPR, which shall include, but not be limited to, the implementation of security measures, the notification of data protection breaches and, where applicable, the preparation of a data protection impact assessment. 3.6 The Processor shall delete the personal data of the Data Processing after the expiry of the retention periods provided for in the Main Agreement and/or without delay at the request of the Controller. If the Controller expressly requests this, the personal data shall be returned to the Party. Statutory retention periods remain unaffected by this. 3.7 The Processor is obliged to provide the Controller with information at the latter's request in order to demonstrate compliance with the obligations pursuant to Art. 28 of the GDPR. The Processor shall support the Controller in verifying the Data Processing and shall grant the Controller access to the documents and technical systems necessary for verifying the Data Processing in accordance with Section 5 of this DPA. 3.8 To the extent permitted by law, the Processor shall inform the Controller about control actions and measures taken by the supervisory authorities insofar as they relate to the Controller's Data Processing operations.

  • Obligations of the Tenant The following clauses set out what is expected of the Tenant during the Tenancy in addition to the main terms of the Tenancy Agreement. If any of these terms are broken, the Landlord may be entitled to deduct monies from the Deposit, as set out in the Agreement, claim damages from the Tenant, or seek the court’s permission to have the Tenant evicted from the Property because of the breach.

  • Obligations of the Borrower 13 Section 3.01.