Incremental Project definition
Examples of Incremental Project in a sentence
As of the Closing Date, and as of each Inclusion Date with respect to the applicable Incremental Project, no Obligor is undergoing any Tax audit.
Due diligence satisfactory to the Lenders in its sole discretion shall have been completed with respect to each Incremental Project (including financial, technical, corporate, environmental, real estate, regulatory, other legal and any other due diligence).
Because Incremental Project Area Property Tax Revenues are distributed by Jefferson County in a lump sum for the entire Plan Area, including for other Public Financing Agreements, in the event of a shortfall of Incremental Plan Area Property Tax Revenues, the Authority will proportionately adjust the Pledged Revenue Payment to account for the shortfall.
As of the Closing Date, and as of each Inclusion Date with respect to the applicable Incremental Project, there are no outstanding options or other rights pertaining to the Equity Interests of any Obligor, other than as set forth in Schedule 3.2(a).
As of the Closing Date, and with respect to the applicable Incremental Project, as of each Inclusion Date, no Obligor has any deposit accounts, securities accounts or commodities accounts other than the deposit accounts, securities accounts and commodities accounts, including Depositary Accounts and Local Accounts, listed in Schedule 3.22.
The Authority shall pay for any of its costs incurred related to the collection and remittance of sums due hereunder and administration of its obligations under this Agreement from the Incremental Project Area Property Tax Revenues, collected from the Project Area not required under this Agreement to be included within the Pledged Revenues.
Opal Fuels and GFL shall have contributed to the Borrower the Required Equity Contribution for such Incremental Project in accordance with the Construction Budget for such Incremental Project, and the Independent Engineer shall have provided a certificate, in form and substance reasonably acceptable to the Required Lenders, confirming the same.
As of the Closing Date and (with respect to the applicable Incremental Project) as of each Inclusion Date, the information included in the Beneficial Ownership Certification is true and correct in all respects.
If Non-Project Capex is below or equal to the cumulative Minimum Target Capex as set out in Part VI of Part B of Exhibit 5, Incremental Project Costs which constitute Capex shall not be recognised as Capex.
In addition, the most favored nation right set forth in this footnote 8 will not be available to Customer for any agreements between Pipeline and any Project customer or Qualifying Incremental Project Customer for a short-term (i.e., less than one year) or seasonal transaction (one season or less).