Stetson II Project definition

Stetson II Project means the approximately 25.5 megawatt nameplate capacity wind generation project comprised of Turbines, turbine towers, tower-mounted transformers, feeder lines, transmission lines, substations, switches, meteorological towers and related facilities, situated in Washington County, Maine, together with all buildings, structures or improvements erected on the land subject to the Stetson II Real Property Interests, all alterations thereto or replacements thereof, all fixtures, attachments, appliances, equipment, machinery and other articles attached thereto or used in connection therewith and all Parts which may from time to time be incorporated or installed in or attached thereto, all contracts and agreements for the purchase or sale of commodities or other personal property related thereto, all leases of real or personal property related thereto, and all other real and tangible and intangible personal property owned by Borrower and placed upon or used in connection with the generation of electricity upon the Project Site.
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Stetson II Project means the 25.5 MW wind powered electrical generating facility to be constructed and owned by the Stetson II Project Company located in Washington County, Maine.
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Stetson II Project shall have the meaning assigned to such term in Schedule 4.
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Examples of Stetson II Project in a sentence

  • All proceeds of any Government Grant paid or payable to or for the account of the Borrower or any Project Company or otherwise received by any Affiliate of the Borrower in connection with the Stetson II Project shall be deposited in the Government Grant Proceeds Account.

  • Guarantor will likewise, to the extent required under the Financing Agreement deliver to Security Agent a copy of an executed counterpart or certified copy of each Additional Project Document and each future lease or future easement relating to the Stetson II Project or any part thereof and amendments and supplements to the foregoing, included in the Collateral, as they are entered into by Guarantor promptly upon the execution thereof.

  • Notwithstanding anything to the contrary contained herein, no such Additional Project Document, or material future lease, or other material agreement related to the Stetson II Project may be entered into by Guarantor without the prior written approval of Security Agent, except as otherwise permitted under the Financing Agreement.

  • Borrower shall, as soon as practicable, apply for and otherwise cause the Stetson II Project to qualify for the maximum allowable Government Grant pursuant to the American Recovery and Reinvestment Act of 2009 and to provide the Administrative Agent with a copy of all application documents and related correspondence.

  • The proceeds of the Term Loans and the Bridge Loans shall be used solely for (i) the payment in full to the lenders under the Existing Stetson I Facilities, (ii) the payment in full to the lenders of the loans corresponding to each Stetson II Project Turbine under the Stetson II Turbine Supply Loan, (iii) payment of construction costs in accordance with the Construction Budget and Schedule, and (iv) payment of transaction costs, fees and expenses related to this Financing Agreement.

  • To the knowledge of the Borrower (a) all work performed to date on the Stetson II Project has been performed in a good and workmanlike manner in accordance with the Material Project Documents for the Stetson II Project and all applicable Requirements of Law, in each case, in all material respects and (b) the Stetson II Project is expected to operate upon final completion in accordance with the Material Project Documents and all applicable Requirements of Law, in each case, in all material respects.

  • The Stetson Holding Company has not engaged in any business unrelated to the acquisition and ownership of, directly, the Equity Interests in the Stetson I Project Company and the Stetson II Project Company.

  • The Borrower shall construct, or cause the Stetson II Project to be constructed in accordance with the the Stetson II Turbine Supply Agreement, the EPC Contract, the Stetson II Construction Budget and Prudent Utility Practices.

  • With respect to the Stetson Companies, enter into or become a party to any administrative services agreement where the aggregate annual reimbursement limits for the Stetson I Project and Stetson II Project exceed the maximum aggregate amount set forth below opposite the corresponding date on which such amount shall be measured.

  • Except as set forth on Schedule 5.19, each of the Borrower’s Subsidiaries has in full force and effect all necessary Governmental Approvals required to conduct its operations and for the construction of the Stetson II Project, other than Governmental Approvals which are non-discretionary ministerial permits obtainable in the ordinary course of business or whose absence could not reasonably be expected to have a Material Adverse Effect.

Related to Stetson II Project

  • Solar PV Project means the solar Photo Voltaic Power project that uses sunlight for direct conversion into electricity through Photo Voltaic technology.

  • New Project means (a) each facility which is either a new facility, branch or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

  • Redevelopment project means a specific construction project

  • Expansion Project has the meaning set forth in Section IV.3.a of this Agreement.

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.