Common use of AGREEMENTS AND SECURITY Clause in Contracts

AGREEMENTS AND SECURITY. 4.1 (a) Project Co and Agent may amend or modify any Lending Agreements in accordance with the terms of those agreements; provided that if any such amendment or modification is inconsistent in any material respect with the Financial Model included as a Schedule to the Project Agreement ( and/or if its effect is to increase the Cost of the Financing, or increase the amount of any Compensation Payment, if and when payable, or the costs of prepayment that were contained in the financing term sheet in the RFP Submission), such amendments and modifications shall have no effect on any of Hospital’s obligations (including payment obligations) under the Project Agreement or any of the Implementing Agreements unless the Parties agree otherwise pursuant to an amendment to the Project Agreement or the Implementing Agreements made in accordance therewith; and provided further that Hospital may refuse to enter into any such amendment to the Project Agreement or any Implementing Agreement in its sole and absolute discretion.

Appears in 2 contracts

Samples: Project Agreement, Direct Agreement

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AGREEMENTS AND SECURITY. 4.1 (a) Project Co and Agent may amend or modify any Lending Agreements in accordance with the terms of those agreements; provided that if any such amendment or modification is inconsistent in any material respect with the Financial Model included as a Schedule to the Project Agreement ( (and/or if its effect is to increase the Cost of the Financing, or increase the amount of any Compensation Payment, if and when payable, or the costs of prepayment that were contained in the financing term sheet in the RFP Submission), such Submission),such amendments and modifications shall have no effect on any of Hospital’s obligations (including payment obligations) under the Project Agreement or any of the Implementing Agreements unless the Parties agree otherwise pursuant to an amendment to the Project Agreement or the Implementing Agreements made in accordance therewith; and provided further that Hospital may refuse to enter into any such amendment to the Project Agreement or any Implementing Agreement in its sole and absolute discretion.

Appears in 2 contracts

Samples: Lender’s Direct Agreement, Project Agreement

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