Project Company Event of Default definition

Project Company Event of Default has the meaning set forth in Article 5.2.
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Project Company Event of Default has the meaning given in Section 7.2.
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Project Company Event of Default has the meaning given to it in Clause 9.1(a) (Events of Default).
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Examples of Project Company Event of Default in a sentence

  • In the event that Project Company is unable to demonstrate in the Phase 2 Commercial Operation Tests (carried out in accordance with the foregoing subparagraph (d)(i)) that the Facility is capable of operating at Threshold Capacity, GPA may terminate this Agreement as a Project Company Event of Default in accordance with Article 5.5.

  • A Project Company Event of Default as defined and set out in Schedule 2 occurs.

  • C13113 Amendment #1 for additional funds for the lease of the Caterpillar Skid Steer Loader for the Ornamental Horticulture Department.

  • The Project Company shall be in default under this Agreement upon the occurrence of any of the following events set forth in subsections (a) to (r) below (each a "Project Company Event of Default"); provided, however, that none of such events shall constitute a Project Company Event of Default if such event (a) results from a breach or default by GPA under this Agreement or the LLA or (b) occurs as a result of, or during, a Force Majeure pursuant to Article 17.

  • Upon expiration of such consultation period described in Clause 17.3(b), unless the Parties have otherwise agreed or unless the Buyer Event of Default or the Project Company Event of Default which is the subject of the Notice of Intent to Terminate has been remedied, the non-defaulting Party may terminate this Agreement by delivering a further notice to the defaulting Party in writing (the "Termination Notice"), whereupon this Agreement shall immediately terminate (the "Termination Date").

  • Upon the occurrence of a GPA Event of Default or a Project Company Event of Default, as the case may be, the non-defaulting Party may, subject to the Lenders' Direct Agreement at its option, initiate termination of this Agreement by delivering a Notice (a "Notice of Intent to Terminate") of its intent to terminate this Agreement to the defaulting Party and the Agent.

  • The Project Company shall be in default under this Agreement upon the occurrence of any of the following events set forth in subsections (a) to (r) below (each a "Project Company Event of Default"); provided, however, that none of such events shall constitute a Project Company Event of Default if such event (a) results from a breach or default by GPA under this Agreement or the LLA or (b) occurs as a result of, or during, a Force Majeure pursuant to ARTICLE 17.

  • The Notice of Intent to Terminate shall specify in reasonable detail the Buyer Event of Default or the Project Company Event of Default as the case may be.

  • Upon occurrence of a Buyer Event of Default or a Project Company Event of Default as the case may be, that is not cured within the applicable grace period (if any), the non-defaulting Party may at its option initiate termination of this Agreement by notifying the defaulting Party of its intention to terminate this Agreement ("Notice of Intent to Terminate").

  • In the event of a termination by GPA due to a Project Company Event of Default, GPA shall have the right, but not the obligation, to acquire the Facility from Project Company for the applicable Project Company Default Transfer Price set forth in Schedule 10.


More Definitions of Project Company Event of Default

Project Company Event of Default means, with respect to any Project Company Subsidiary and related Approved Project, any one or more of the following events: (a) Failure to pay when due any principal or interest on any Working Capital Loans or any portion thereof attributable to such Project Company Guarantor and its Approved Project, when and as the same becomes due and payable, whether at the stated maturity thereof, by mandatory prepayment, by acceleration, demand or otherwise; or
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Project Company Event of Default shall have the meaning assigned thereto in Section 9.1.
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Project Company Event of Default has the meaning set forth in Section 20.1(A) (Project Company Events of Default Defined).
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Project Company Event of Default has the meaning set forth in Article 14.1.1;
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Project Company Event of Default has the meaning given to that term in the Section 8.3.
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Project Company Event of Default has the meaning given in Section 7.2. “Project Contract” means any agreement related to the development, financing, construction, operation, and maintenance of the Facility to which the Project Company is a party other than this Agreement. “Risk Management Policy” means the risk management policy for the Project Company as adopted and approved by the GP Board. “Service Providers” means the Operator and each other Person hired by the Project Company, or by the Manager on behalf of the Project Company, to perform services for the Project Company, including, without limitation, Subcontractors and other providers of maintenance, repair and warranty services, certified public accountants, tax return preparers, law firms, engineering firms, and other professional advisors and consultants. “Services” means managing all of the operations and business of the Project Company, including, without limitation, the Services listed on Appendix I hereto but excluding those services which are expressly to be provided by (a) the Operator under the O&M Agreement or (b) the Manager or any of its Affiliates (other than Cheniere Energy Partners, L.P. and its subsidiaries) under any other operation and maintenance, management service or similar agreement or arrangement. “Subcontract” means any subcontract entered into between the Manager and any Subcontractor for the furnishing of Services to be provided hereunder by the Manager. 5 “Subcontractor” means any Person party to a Subcontract with the Manager. “Substantial Completion” has the meaning given in the O&M Agreement. “Substantial Completion Date” has the meaning given in the O&M Agreement. “Successor Manager” has the meaning given in Section 7.5. “Termination Date” has the meaning given in Section 7.4. “Termination Notice” has the meaning given in Section 7.4. “Train” means an LNG production train located at the Facility.
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Related to Project Company Event of Default