Project SPV definition

Project SPV means a Subsidiary of Soluna BC formed or acquired for the purpose of owning and constructing any portion of the Project.
Sample 1Sample 2Sample 3
Project SPV or “Concessionaire” means the “special purpose vehicle”, organized by the Preferred Bidder for the Project, pursuant to the Nigerian Companies and Allied Matters Act, 2020 ("CAMA 2020"), and complying with other relevant regulatory requirements, that shall sign, assume and accede to all the rights and obligations of the Preferred Bidder under the Concession Agreement.
Sample 1
Project SPV means the SPV to be incorporated by the Selected Bidder for implementing the Project.
Sample 1

Examples of Project SPV in a sentence

  • Each of MSAPL and MSEDCL hereby represents and warrants to the Project SPV that it has the requisite power and authority to execute this Agreement.

  • Notwithstanding anything to the contrary contained herein or in the Power Purchase Agreement, documents evidencing acquisition of such right of way by the Project SPV should allow transfer of such right of way to the lenders of the Project SPV or MSAPL (and/or any other relevant transferee identified by the lenders of the Project SPV (which shall be to the satisfaction of MSAPL), in case of default of the Project SPV under any financing documents or arrangements of the Project SPV.

  • The Project SPV shall be responsible for undertaking ownership, financing, development, design, engineering, procurement, construction, commissioning, operation, and maintenance of the Project including the evacuation infrastructure up to the Delivery Point, at its own cost and in accordance with the provisions of the Power Purchase Agreement.

  • Any right of way required by the Project SPV for construction, operation and maintenance of the evacuation infrastructure in relation to the Project shall be procured by the Project SPV directly at its own cost and expense.

  • In the event of a Project SPV Event of Default, MSAPL and MSEDCL shall be permitted to terminate this Agreement and the Power Purchase Agreement.

  • The Operator shall make payment to the Project SPV based on actual consumption of such utilities as indicated by meters installed at the Terminal Area by the SBPA / PMO.

  • The Project SPV shall bear and pay all costs incidental to divestment of all the rights, title and interest of the Project SPV in the Project in favour of the Authority on the Transfer Date.

  • The charges for providing the Performance Bank Guarantee shall be borne by the Project SPV.

  • Except in the event of expiry of the Project by efflux of time, the Authority shall pay compensation payable to the Project SPV in accordance with Clause 22 to the Project SPV.

  • The Authority may continue to exercise the Authority's Step-In Right until the Project SPV has remedied the Project SPV Event of Default and demonstrated to the reasonable satisfaction of Authority its readiness and ability to resume the provision of the O&M Services in accordance with the terms and conditions of the Agreement.


More Definitions of Project SPV

Project SPV means either (i) the Successful Bidder itself, in case the Project is being implemented directly by a Successful Bidder that is a Company; or (ii) a Company established by the Successful Bidder for executing the Project, as the context may require.
Sample 1
Project SPV means a Subsidiary of HEL formed or acquired for the purpose of owning, financing and/or constructing any portion of the Project; for further certainty, it is understood and agreed that any entity that acts as the “developer” of the Project and is intended to be the recipient of any development fee, profit participation “promote” or similar amount payable to the developer of the Project shall not be a Project SPV for the purposes of this Agreement.
Sample 1

Related to Project SPV

  • Project Sponsor means an eligible governmental agency receiving program funds pursuant to an approved application.

  • Project Subsidiary means any Subsidiary of the Company held for the purpose of holding, constructing or acquiring power generation facilities or related or ancillary assets or properties and any Subsidiary of the Company whose assets consist primarily of equity interests in one or more other Project Subsidiaries; provided that a Subsidiary will cease to be a Project Subsidiary if it Guarantees any Indebtedness of the Company other than obligations of the Company related to Project Debt of one or more Project Subsidiaries.

  • Project Assets means all physical and other assets relating to (a) tangible assets such as civil works and equipment including foundations, embankments, pavements, road surface, interchanges, bridges, culverts, road over-bridges, drainage works, traffic signals, sign boards, kilometre-stones, [toll plaza(s)], electrical systems, communication systems, rest areas, relief centres, maintenance depots and administrative offices; and (b) Project Facilities situated on the Site;

  • Project Services means architectural, engineering services, land surveying, construction management at-risk services, ancillary technical services or other construction-related services determined by the board to be required by the project.

  • Project Owner means the legal entity that ultimately owns the Project and to which Tax Credits will be allocated.

  • Project Specific IPRs means: (a) IPRs in the Services provided by the Supplier (or by a third party on behalf of the Supplier) specifically for the purposes of the Contract and all updates and amendments of these items created during the Contract Period; and/or (b) IPRs arising as a result of the provision of the Services by the Supplier (or by a third party on behalf of the Supplier) under the Contract, [including the rights in or to any database developed and supplied by the Supplier to the Customer in accordance with the terms of this Contract;

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Project Land means any parcel or parcels of land on which the project is developed and constructed by a promoter;

  • Project Company means Company incorporated by the bidder as per Indian Laws in accordance with Clause no 3.5.

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

  • Project IPR means all Intellectual Property Rights that arise or are obtained or developed by either party, or by a contractor on behalf of either party, in respect of the Deliverables in the course of or in connection with the Project;

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

  • Project Start Date means the first Milestone Start Date specified in Schedule B;

  • Project Work means the work required to complete the Project.

  • Project Area means THE AREA WHERE WORK IS BEING PERFORMED FOR THE CITY OF SUFFOLK, VIRGINIA.

  • Property Owner means any person shown as the owner of land on the last equalized assessment roll or otherwise known to be the owner of land by the city council. “Business owner” means any person recognized by the city as the owner of the business. “Owner” means either a business owner or a property owner. The city council has no obligation to obtain other information as to the ownership of land or businesses, and its determination of ownership shall be final and conclusive for the purposes of this part. Wherever this part requires the signature of the property owner, the signature of the authorized agent of the property owner shall be sufficient. Wherever this part requires the signature of the business owner, the signature of the authorized agent of the business owner shall be sufficient.

  • Project Water means water made available for delivery to the contractors by project conservation facilities and the transportation facilities included in the System.

  • Project Staff means the personnel of Contractor and Subcontractors who provide the Work.

  • Project Contract means a Project Contract as such term is defined in the RfP; “Proposal” means a Proposal as such term is defined in the RfP;

  • Project site, where applicable, means the place indicated in bidding documents.

  • Joint Operating Agreement (JOA) means the operating and participating agreement between the Parties constituting the Contractor that governs their operational activities, obligations and responsibilities under this Contract,

  • Project Site(s) means the place(s) specified in the SCC for the supply and installation of the System.

  • Joint Venture” - (Project means two or more businesses joining together under a contractual agreement to conduct a specific business enterprise with both parties sharing profit and losses. The venture is for one specific project only, rather than for a continuing business relationship as in a strategic alliance. It is about sharing risk with others and providing one or more missing and needed assets and competencies.

  • Cooperative Project With respect to any Cooperative Loan, all real property and improvements thereto and rights therein and thereto owned by a Cooperative Corporation including without limitation the land, separate dwelling units and all common elements.

  • Project Activities means the activities to be undertaken or Works to be delivered or Property to be contributed or provided by you, your approved Sub-Grantees or your approved sub- contractors as summarised in the Particulars and more particularly described in the Agreed Proposal for which Xxxxx is payable under this Agreement;

  • construction work permit means a document issued in terms of regulation 3; "contractor" means an employer who performs construction work;