Completion


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Completion

In the context of project financing, occurs after a Completion Test, when the project's cash flows become the primary method of repayment. Prior to completion, the primary source of repayment is usually from the sponsors or from the turnkey contractor.

Completion

In project finance, the time at which a project has been finished, functions, and is generating enough revenue such that its cash flows become the primary way the project is repaying debt. Completion applies especially to construction and other infrastructure projects. For example, an oil company may build a series of oil pumps and finance the construction though bonds. Completion occurs when the oil pumps are completed and are working, and the cash flows generated by the oil are repaying the bonds. See also: Sales Completion, Physical Completion.
References in periodicals archive ?
Continuous increase in the demand for energy, growth in drilling and oil production activities, increasing advancements in technology, and rise in exploration of oil & gas reserves are the key drivers for growth of the European drilling and completion fluids market.
4- Completion of Al Badriyah -- Al Hebra Road for a length of 25 kilometers Completion of work on the 5th group of roads: - Completion of work on Hurra Al Shara'a -- Wadi Sitara Road (6 kilometers)including Hurra Al Shara'a crossing.
Toryglen, including indoor and outdoor football facilities - Expected completion date (from March 2005): September 2007.
After completing this module students will receive a certificate of completion and 2.
A "hybrid consequential damages clause"--This clause assesses a specified amount of money per day for a specified number of months if the owner doesn't finish the work within the contractual completion date after the contractor abandons the project and which provides that the owner is entitled to actual consequential damages thereafter.
As for the documentation completion date, the auditor has 60 days after the report issuance date to complete the audit documentation under CBA Rule 68.
To address concerns about assigning part-time faculty to teach using distance education, this study seeks to compare full and part-time faculty who teach via the Internet in terms of student satisfaction and course completion rates.
Following this, each Quarterly assessment (AA8a=05) is due for completion no later than 92 days after the previous assessment's R2b date (date of completion).
Studies of career counseling of adult clients generally do not address completion of allotted counseling sessions and prescribed assessments, although both require substantial outlays.
460-4(k) would apply if, before completion of a long-term contract accounted for under Sec.
AMEX:GST) (TSX:YGA) announced today that it has concluded initial completion operations on two of three middle Bossier sands in the Williams #1 well.