Common use of Disruption in Financial Markets Clause in Contracts

Disruption in Financial Markets. (a) If Financial Close cannot be achieved by the Financial Close Target Date by reason solely of a Severe Market Disruption, subject to Project Co's obligation to renew the Standby Letter of Credit pursuant to Section 2.2, the Financial Close Target Date will be extended until the date falling 10 Business Days (or such other period as the Parties agree, acting reasonably) after the date on which such Severe Market Disruption ceases.

Appears in 20 contracts

Samples: Project Agreement, Project Agreement, Project Agreement

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Disruption in Financial Markets. (a) If Financial Close cannot be achieved by the Financial Close Target Date by reason solely of a Severe Market Disruption, subject to Project Co's ’s obligation to renew the Standby Letter of Credit Credit, pursuant to Section 2.2, the Financial Close Target Date will be extended until the date falling 10 Business Days (or such other period as the Parties agree, acting reasonably) after the date on which such Severe Market Disruption ceases.

Appears in 9 contracts

Samples: Project Agreement, Project Agreement, Project Agreement

Disruption in Financial Markets. (a) If Financial Close cannot be achieved by the Financial Close Target Date by reason solely of a Severe Market Disruption, subject to Project Co's ’s obligation to renew the Standby Letter of Credit pursuant to Section 2.2, the Financial Close Target Date will be extended until the date falling 10 Business Days (or such other period as the Parties agree, acting reasonably) after the date on which such Severe Market Disruption ceases.

Appears in 8 contracts

Samples: Project Agreement, Project Agreement, Project Agreement

Disruption in Financial Markets. (a) If Financial Close cannot be achieved by the Financial Close Target Date by reason solely of a Severe Market Disruption, subject to Project Co's obligation to renew the Standby Letter of Credit pursuant to Section 2.2, the Financial Close Target Date will be extended until the date falling 10 Business Days (or such other period as the Parties agree, acting reasonably) after the date on which such Severe Market Disruption ceases.

Appears in 1 contract

Samples: Project Agreement

Disruption in Financial Markets. (a) If Financial Close cannot be achieved by the Financial Close Target Date by reason solely of a Severe Market Disruption, subject to Project DB Co's ’s obligation to renew the Standby Letter of Credit pursuant to Section 2.2, the Financial Close Target Date will be extended until the date falling 10 Business Days (or such other period as the Parties agree, acting reasonably) after the date on which such Severe Market Disruption ceases.

Appears in 1 contract

Samples: Project Agreement

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Disruption in Financial Markets. (a) If Financial Close cannot be achieved by the Financial Close Target Date by reason solely of a Severe Market Disruption, subject to Project Co's ’s obligation to renew the Standby Letter of Credit Credit, pursuant to Section 2.2, the Financial Close Target Date will be extended until the date falling 10 ten Business Days (or such other period as the Parties agree, acting reasonably) after the date on which such Severe Market Disruption ceases.

Appears in 1 contract

Samples: Project Agreement

Disruption in Financial Markets. (a) If Financial Close cannot be achieved by the Financial Close Target Date by reason solely of a Severe Market Disruption, subject to Project Co's ’s obligation to renew the Standby Letter XxXxxxxx Xxxxxxxx LLP DOCS #1962580 of Credit Credit, pursuant to Section 2.2, the Financial Close Target Date will be extended until the date falling 10 Business Days (or such other period as the Parties agree, acting reasonably) after the date on which such Severe Market Disruption ceases.

Appears in 1 contract

Samples: Project Agreement

Disruption in Financial Markets. (a) If Financial Close cannot be achieved by the Financial Close Target Date by reason solely of a Severe Market Disruption, subject to Project Co's ’s obligation to renew the Standby Letter of Credit pursuant to Section 2.22.2(b), the Financial Close Target Date will be extended until the date falling 10 Business Days (or such other period as the Parties agree, acting reasonably) after the date on which such Severe Market Disruption ceases.

Appears in 1 contract

Samples: Project Agreement

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