Sole Risk Project definition

Sole Risk Project has the meaning given in clause 2.1.
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Sole Risk Project has the meaning given in clause 3.2 of Exhibit C of the Restated Charter.
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Sole Risk Project has the meaning set forth in Section 3.3(f).
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Examples of Sole Risk Project in a sentence

  • Where there are changes to those standards after commencement of the operations of such Sole Risk Project, these standards will be adopted for conduct of the Sole Risk Project to that same extent.

  • If a Proposing Party transfers all of its interest in the Enterprise Company to a person other than an affiliate, it will also transfer, to the acquirer of that interest, each Sole Risk Project.

  • Alcoa and Alumina shall direct and cause their representatives on any Enterprise Company Boards, entities or operations to carry out the direction established by and implement the decisions of the Strategic Council or, in the case of a Sole Risk Project, the entity conducting the Sole Risk Project as elected under clause 3.2 of Exhibit C.

  • In the case of Sole Risk Projects that are being conducted by an Enterprise Company in accordance with clause 2.4 of Exhibit C, equity calls with respect to that Sole Risk Project must be made in accordance with clause 2.4 of Exhibit C.

  • The approval of a Non-Sole Risk Party to the conduct of a Sole Risk Project (whether or not such approval is required) shall not constitute a waiver of these provisions.

  • A withdrawing Party shall remain liable and obligated for its share of all net costs and obligations that in any way relate to the abandonment of Joint Operations or a Sole Risk Project in which such withdrawing Party participated.

  • If an extension of the Licence is submitted for the purpose of carrying out or continuing a Sole Risk Project according to Article 7.2 the provisions in Article 5.3.2 shall not prejudice the right of a Party not participating in such operation to continue as a Non-Sole Risk Party according to the provisions in Article VII.

  • If a Sole Risk Project is undertaken by more than one (1) Sole Risk Party the risk and cost thereof shall, subject in the case of Sole Risk Development to Article 7.5.7, be borne by each Sole Risk Party in the proportion that its Percentage Interest bears to the sum of the Percentage Interests of the Sole Risk Parties or in such other proportion as the Sole Risk Parties may agree.

  • Any Party may undertake sole risk seismic ("Sole Risk Seismic"), sole risk drilling ("Sole Risk Drilling"), sole risk testing ("Sole Risk Testing") or sole risk development ("Sole Risk Development") (each being a "Sole Risk Project") subject to the following provisions of this Article.

  • Such Sole-Risk notice shall specify that such operation is proposed as a Sole Risk Project, the work to be performed, the location, and the objectives and estimated cost of such operation.


More Definitions of Sole Risk Project

Sole Risk Project has the meaning specified in Article 13.1
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Sole Risk Project means an operation conducted pursuant to Article 26 on behalf and at the risk, cost and expense of less than all the Parties.
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Sole Risk Project has the meaning set forth in Section 8.5(b).
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Related to Sole Risk Project

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Own risk and solvency assessment means a confidential internal assessment, appropriate to the nature, scale, and complexity of an insurer or insurance group, conducted by that insurer or insurance group of the material and relevant risks associated with the insurer or insurance group's current business plan, and the sufficiency of capital resources to support those risks.

  • Stand Alone System Upgrade Facilities means System Upgrade Facilities that a Developer may construct without affecting day-to-day operations of the New York State Transmission System during their construction. NYISO, the Connecting Transmission Owner and the Developer must agree as to what constitutes Stand Alone System Upgrade Facilities and identify them in Appendix A to this Agreement.

  • Green infrastructure means a stormwater management measure that manages stormwater close to its source by:

  • Renewable energy project means (A) a project