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Simple English definitions for legal terms

single-purpose project

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A quick definition of single-purpose project:

A single-purpose project is a building or facility that is created for one specific purpose only. This could be something like generating electricity or processing chemicals. These types of projects are usually very large, complex, and expensive. They are often funded through project financing, which means that a special entity is created just for the project. This entity is responsible for developing, owning, and operating the facility. The goal is to limit the number of creditors and protect the project's lenders.

A more thorough explanation:

A single-purpose project is a facility that is designed, built, and used for one specific purpose only. This could be anything from generating electricity to mining minerals. These projects are typically large, complex, and expensive.

One common way to fund single-purpose projects is through project financing. This involves creating a special-purpose entity that is solely responsible for developing, owning, and operating the facility. By limiting the number of creditors, this provides protection for the project's lenders.

A power plant that generates electricity
A chemical-processing plant that produces a specific chemical
A mine that extracts a particular mineral
A toll road that charges drivers for using it

These examples illustrate the concept of a single-purpose project because each facility is designed and used for one specific purpose only. For example, a power plant is built solely to generate electricity, while a mine is constructed to extract a particular mineral. These projects require significant investment and are typically funded through project financing.

single-publication rule | single-recovery rule

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

babycat

22:49

Lol you’re all good

GodsPlanUltimately

22:49

I'm assuming then for status checking eventually that the school emails you that information once LSAC finishes processing?

babycat

22:50

Yep

GodsPlanUltimately

22:50

Thank you ╱|、 (˚ˎ 。7 |、˜〵じしˍ,)ノ

GodsPlanUltimately

22:50

Just stressing because this is my first and only app.

GodsPlanUltimately

22:53

Does the CAS Report send once the school requests it or do I have to send it ?

babycat

23:02

It sends automatically

babycat

23:02

Why only one app?

GodsPlanUltimately

23:06

I'm in a dual degree program that my undergraduate has where if you meet a gpa and percentile you can have your senior year be your L1 ! Cuts off a year of time and money and the partner was my top pick for law anyways. It all just worked out and since it's ED can't really apply anywhere else because the L1 transfers back to complete my degree. :)

babycat

23:14

oh that’s nice! I guess you have a high degree of certainty about the process then

Dkk

0:10

Welcome. About to eat another ghost pepper. @babycat

Dkk

0:24

https://www.youtube.com/shorts/doTlTAKqDKE

Dkk

0:27

God my mouth is burning so much

[] texaslawhopefully

0:45

@babycat: A few things. I mean, for one, this is my fifth year of undergrad (graduating with a dual BA/MA), so I don't think academically I'm incredibly behind or anything. Beyond, that I've explored other fields, and for the very niche area of public interest work I am interested in, law is the only way I can make a substantiative difference so why not start now.

[] texaslawhopefully

0:47

And also my other options just are not great. I could take a shit paying job at a think tank, I was offered a job at, but I don’t find the work interesting. Or I could continue in academia, getting a phd, but again just not especially interested in academic philosophy.

[] texaslawhopefully

0:49

I would say more, but I am very close to doxxing myself if I haven’t already.

Dkk

1:02

5th year at 19. That is amazing.

Dkk

1:02

So you started when you were 14. Wow.

Dkk

1:11

I tried to find you but if still in school, other names pop up first. Do you drink alcohol? If not, you should start drinking to catch up to me. @texas

[] texaslawhopefully

1:13

I started at 15

[] texaslawhopefully

1:13

turning 20 this year

[] texaslawhopefully

1:13

or well very beginning of next year

Dkk

1:15

My best advice is to start learning wine and cocktails asap. Take the introductory and certified sommelier exam as soon as you hit 21.

Dkk

1:16

I could not find you with that information. You are still probably pretty safe. Though I did not use all my search engines or filters.

Dkk

1:20

Gotta beat this guy: https://sommelierbusiness.com/en/articles/insights-1/q-a-with-the-youngest-master-sommelier-toru-takamatsu-354.htm

[] texaslawhopefully

1:21

@Dkk: That is good. Granted I don't think being doxxed would be the end of the world, but who knows.

[] texaslawhopefully

1:21

And, yeah, I have drinken a little bit over the last couple of years (what college student hasn't), but not a massive fan

Dkk

1:24

That is cus college people drink like idiots. I was not a fan at my first college and I did not start drinking until I was 22.5. The art of Sommelier stuff though is less about drinking and more about thought process. Kind of a puzzle like a logic game. Same with cocktails. You will love it if you hate college type drinking.

Dkk

1:25

It's something to do outside of the things you mentioned, it is useful for networking, and it will help you in law school. It will help you find exactly what you want to do in law school.

milktoast

5:40

Workin grinding

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