Final Submission Phase from short-listing Lenders to final credit confirmation. Scope Developer will develop the transaction structure against updated project information to a level which is “ready for credit”, against a target price. The transaction structure shall be that which is the best available under the prevailing market conditions for optimizing the Key Objectives. In assessing prevailing market conditions, Developer shall give particular weight to the structuring concepts, terms and conditions in the proposals from the short-listed Lenders at the initial submission phase, and may confer with each short-listed Lender in preparing the transaction structure. Developer shall submit the proposed transaction structure to the JFWG for review and comment. Developer then shall submit the proposed transaction structure, as modified based on such review and comment, to the Department, and the proposed transaction structure shall be subject to the Department’s written approval for consistency with the foregoing standard. The output of this phase will be “ready for credit” offers for the transaction as structured, allowing the process to move forward to Financial Close. It would be the intention for there to be very few remaining conditions at the completion of this Phase.
Appears in 5 contracts
Samples: Direct Agreement, Direct Agreement, Direct Agreement
