Common use of Consent Required for Refinancing Clause in Contracts

Consent Required for Refinancing. ‌ Except for an Exempt Refinancing, Project Co will not enter into any Refinancing without the consent of the Authority, not to be unreasonably withheld or delayed. Without limitation, it will be reasonable for the Authority to withhold consent if such Refinancing has a material adverse effect on Project Co’s ability to perform its obligations under this Agreement, increases any liability or potential liability of the Authority (unless the Authority is specifically compensated for such liability or potential liability), or is with a Restricted Person.

Appears in 1 contract

Samples: Project Agreement

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Consent Required for Refinancing. ‌ Except for an Exempt Refinancing, Project Co will not enter into any Qualifying Refinancing without the written consent of the Authority, . Such consent will not to be unreasonably withheld or delayed. Without limitation, it will be reasonable for the Authority to withhold consent delayed if such Qualifying Refinancing occurs after Service Commencement, has a no material adverse effect on Project Co’s ability to perform its obligations under this Agreement, increases Agreement and does not increase any liability or potential liability of the Authority (unless the Authority is specifically compensated for such liability or potential liability), or is with a Restricted Person.

Appears in 1 contract

Samples: Project Agreement

Consent Required for Refinancing. ‌ Except for an Exempt Refinancing, Project Co will not enter into any Qualifying Refinancing without the written consent of the Authority, . Such consent will not to be unreasonably withheld or delayed. Without limitation, it will be reasonable for the Authority to withhold consent delayed if such Qualifying Refinancing occurs after the Final Service Commencement Date, has a no material adverse effect on Project Co’s ability to perform its obligations under this Agreement, increases Agreement and does not increase any liability or potential liability of the Authority (unless the Authority is specifically compensated for such liability or potential liability), or is with a Restricted Person.

Appears in 1 contract

Samples: Project Agreement

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Consent Required for Refinancing. Except for an Exempt Refinancing, Project Co will not enter into any Refinancing without the consent of the AuthorityOwner, not to be unreasonably withheld or delayed. Without limitation, it will be reasonable for the Authority Owner to withhold consent if such Refinancing occurs before Service Commencement, has a material adverse effect on Project Co’s ability to perform its obligations under this Agreement, increases any liability or potential liability of the Authority Owner (unless the Authority Owner is specifically compensated for such liability or potential liability), ) or is with a Restricted Person.

Appears in 1 contract

Samples: Project Agreement

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