Operational projects definition
Examples of Operational projects in a sentence
FS will provide a comfortable, functional, safe, and reliable environment through Basic Services, Recharge Services, Unfunded Projects, Operational Projects, and Capital Requests.
FS will provide a comfortable, functional, safe, and reliable environment through Basic Services, Recharge Services, Unfunded Projects, Operational Projects and Capital Requests.
The Operational Projects have been (a) constructed and (b) operated and maintained, in each case, substantially in accordance with the Material Contracts and the Governmental Approvals set forth on Schedule 4.2.9. All written agreements, studies and reports entered into or issued by any applicable interconnection or transmission provider in connection with the Projects, are as listed on Schedule 4.2.20.
Vendor shall indemnify and hold Buyers' Indemnitees harmless against any Damage resulting from the sale of electricity to the tenants in the Operational Projects without Utilities Licenses, or otherwise in a manner not in compliance with applicable laws and regulations.
All relevant documents and information relating to the Acquired Companies, the Operational Projects and the Purchased Assets which were provided to Buyers during the due diligence phase are accurate in all respects.
The Operational Projects have achieved “Final Completion” (as defined in the BOP Agreement), “Final Project Acceptance” (as defined in the Turbine Supply Agreement) and the “Commercial Operation Date” (as defined in the Interconnection Agreement).
There are no structural deficiencies or latent defects, affecting any of the Operational Projects and/or any of the Improvements and there are no facts or conditions affecting any of the Operational Projects or Improvements which would, individually or in the aggregate, interfere in any respect with the use or occupancy of the Operational Projects or Improvements or any portion thereof in the operation of Businesses as currently conducted thereon.
As of the Closing Date, all Assets owned by the Project Company are sufficient for the Project Company to operate the Operational Projects in accordance with the Material Contracts.
Unless otherwise approved by Purchasers in advance, PCE shall systematically and exclusively use the Standard Form Lease in respect of all tenants of the Operational Projects (save in respect of those units where lease agreements have already been finalized or executed under contracts of different format prior to the Closing Date, or where the use of a different format is contractually mandated, such as upon the execution of an option by the tenant).
Save as specified in the Proceedings Schedule, there is no injunction, decree, order, writ or judgment outstanding, nor any claims, litigation, administrative actions or similar proceedings, pending or threatened, relating to the ownership, lease, use or occupancy of the Operational Projects or any portion thereof, or the operation of Acquired Company's business as currently conducted thereon.