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“Principal Project Party” means any Person (other than the Borrower) party to a Principal <br />Project Contract. <br />“Project” means Phase IIA, Phase IIB, Phase IIC, and Phase III of the Borrower’s <br />Norwood Water Treatment Plant Upgrade and Transmission Main Improvements and <br />Replacements Project, as more particularly described in Schedule IV (Project Description). <br />“Project Budget” means the budget for the Project attached to this Agreement as <br />Schedule I (Project Budget)showing a summary of Total Project Costs with a breakdown of all <br />Eligible Project Costs and the estimated sources and uses of funds for the Project. <br />“Projected Substantial Completion Date” means August 1, 2025, as such date may be <br />adjusted in accordance with Section 16(d) (Reporting Requirements – Construction Reporting). <br />“Public Benefits Report” has the meaning provided in Section 16(e) (Reporting <br />Requirements – Public Benefits Report). <br />“Qualified Hedge” means, to the extent from time to time permitted by law, with respect <br />to Permitted Debt any Hedging Transaction entered into with a Qualified Hedge Provider and <br />meeting the requirements of Section 14(k) (Affirmative Covenants – Variable Interest Rate <br />Obligations). <br />“Qualified Hedge Provider” means any bank or trust company, or an affiliate thereof, <br />authorized to engage in the banking business that is organized under or licensed as a branch or <br />agency under the laws of the United States of America or any state thereof, that has an Acceptable <br />Credit Rating. <br />“Rate Covenant” has the meaning set forth in Section 14(a) (Affirmative Covenants – Rate <br />Covenant). <br />“Rate Stabilization Fund” has the meaning provided in the Master Resolution. <br />“Related Documents” means the Bond Authorization Documents, the WIFIA Loan <br />Documents, and the Principal Project Contracts. <br />“Renewal and Replacement Fund” has the meaning provided in the Master Resolution. <br />“Requisition” has the meaning provided in Section 4(a) (Disbursement Conditions). <br />“Reserve Fund” has the meaning provided in the Master Resolution. <br />“Revenue Fund” has the meaning provided in the Master Resolution. <br />“Sanctioned Country” means, at any time, a country or territory which is itself the subject <br />or target of any Sanctions. <br />“Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related <br />list of designated Persons maintained by OFAC or the U.S. Department of State, (b) any Person <br />13 <br /> <br />