Project Entities definition
Examples of Project Entities in a sentence
None of the Project Entities has executed and delivered any powers of attorney or similar documents, except the power of attorney granted to DOE with respect to the Cash Grant and except as provided (i) to its respective directors, agents, representatives and employees in the Ordinary Course of Business, and (ii) in connection with Permitted Liens.
None of the Project Entities has conducted any business other than the business contemplated by the Transaction Documents and such other business as may be related to the Project.
None of the Project Entities has any current or accrued material tax liability that is not specifically reflected in the Base Case Projections as in effect at and as of the Document Closing Date and in the Construction Plan Budget & Schedule or as reflected in the assumptions in the then applicable Operating Plans, as the case may be.
None of the Project Entities has made any Investments other than Permitted Investments.
Prior to the Document Closing, Sponsor shall cause the Project Entities to comply with all Governmental Rules and shall cause the Project Company to maintain its status as an Exempt Wholesale Generator.