Financial Close Deadline Sample Clauses

Financial Close Deadline. The Financial Close Deadline may not be extended, except for the following:‌
Sample 1Sample 2Sample 3See All (7)
AutoNDA by SimpleDocs
Financial Close Deadline. In the event Financial Close is not achieved by the Financial Close Deadline, either party may terminate this Agreement pursuant to Section 20.04.
Sample 1Sample 2Sample 3See All (5)
Financial Close Deadline. Unless Developer or TxDOT elects to terminate this Agreement pursuant to Sections 3.4.3 and 31.6, Developer shall be unconditionally obligated to enter into the Initial Funding Agreements and Initial Security Documents (including the PABs Agreement if the initial Project Plan of Finance includes PABs) and complete closing for all the Initial Project Debt (including any sub-debt), in a total amount, which, when combined with all unconditional equity commitments acceptable to the Collateral Agent and any TMC Public Funds Payment and (if applicable) the Public Funds Payments, is not less than the total capital funding set forth in Exhibit 4, by not later than the Financial Close Deadline. Notwithstanding any other provision of this Agreement to the contrary, the Financial Close Deadline may not be extended, including on account of any Relief Event, except in the following circumstances: (a) the Financial Close Deadline shall be extended by the period of delay in Developer’s ability to achieve Financial Close directly caused by a Relief Event described in clauses (d), (e), (f), (g), (m), (n) or (o) of the definition thereof or by a Force Majeure Event described in clauses (a) or (c) of the definition thereof; (b) the Financial Close Deadline shall be extended until December 23, 2015, as requested by Developer and reasonably approved by TxDOT, which approval shall not be withheld if the delay in Developer’s ability to achieve Financial Close is not due to any fault or less-than-diligent efforts of Developer; (c) the Financial Close Deadline shall be extended until January 22, 2016, as requested by Developer and reasonably approved by TxDOT, which approval shall not be withheld if the delay in Developer’s ability to achieve Financial Close is not due to any fault or less-than- diligent efforts of Developer; and (d) the Financial Close Deadline may be extended by TxDOT in its discretion; provided that Developer shall, as a condition to any extension pursuant to this Section 3.3.1, extend the expiration of the Financial Close Security so that such security remains valid for at least 10 days after the Financial Close Deadline (as extended) (Developer shall be entitled to reimbursement from TxDOT for Developer’s reasonable costs to extend the expiration of the Financial Close Security).
Sample 1
Financial Close Deadline. 2.2.2.1 Except to the extent excused under Section 2.2.2.2, Developer shall achieve Financial Close on or prior to the Financial Close Deadline.
Sample 1
Financial Close Deadline. The Developer is obligated to achieve Financial Close of the Project by the Financial Close Deadline of January 28, 2018, subject to relief in the event of a limited number of Key Financial Events which gives the Procuring Authorities the right to terminate the PA or agree certain mitigation measures with the Developer (including additional compensation) to mitigate the impact of such Key Financial Event. At Commercial Close, KMP will post Financial Close Security in the amount of $20,000,000 to secure its obligations to achieve Financial Close on the Project, which will be returned to the Developer upon Financial Close.
Sample 1
Financial Close Deadline. The Financial Close Deadline may not be extended, including on account of any Delay Event, except by the Department in its discretion; provided that the Developer will, as a condition to any extension pursuant to this subsection, extend the expiration of the Financial Close Security so that such security remains valid for at least 10 days after the Financial Close Deadline (as extended). In the event Financial Close is not achieved by the Financial Close Deadline, the rights of the Department and the Developer to terminate this Agreement will be governed by Section 20.04.
Sample 1
Financial Close Deadline 
Sample 1
AutoNDA by SimpleDocs

Related to Financial Close Deadline

  • Starting Date Unless a specific (fixed) starting date is duly justified and agreed upon during the preparation of the Grant Agreement, the project will start on the first day of the month following the entry info force of the Grant Agreement (NB : entry into force = signature by the Commission). Please note that if a fixed starting date is used, you will be required to provide a detailed justification on a separate note.

  • WORKING DAY BEFORE AUCTION DATE Any intending bidder who intends to bid on behalf of another person, body corporate or firm is required to deposit with the Auctioneer prior to the auction sale an authority letter to state that he/she is acting on behalf of another person, body corporate or firm and he/she is authorised to sign all the necessary documents. All intending bidders shall be required to verify their identities by showing to the Auctioneer their identity cards prior to the commencement of the auction, failing which, they shall not be entitled to bid. In the event that the Bumiputra lot is sold to a non Bumiputra or if the successful bidder is below the age of 18 or is an undischarged bankrupt or is not legally competent to purchase the property, then such sale shall be cancelled and the deposit paid shall be refunded to the successful bidder and thereafter the Assignee shall be at liberty to put up the property for sale. A foreign citizen/foreign company may be allowed to bid for the property and if the bid is successful, the sale is subject to the foreign citizen/company applying and obtaining at his/her/its own cost to the Economic Planning Unit (if applicable) and/or relevant State Authority for the unconditional consent to the sale within the period stated in Clause 11 hereof but subject to Clause 22 hereof.

Time is Money Join Law Insider Premium to draft better contracts faster.