FINANCIAL CLOSURE. 6.1. Financial Closure should be achieved within a period of 120 Business Days after the Effective Date, or such longer period as may be agreed between the parties.
6.2. The Grant Recipient shall furnish copies of the following documents to the SHRA, for its approval, which copies shall be annexed to this Agreement numbered as set out below. Where a document is an agreement, it shall be signed by all the parties to that agreement, and where the document is an approval by an Appropriate Authority, or other relevant person, such approval shall be on an official letterhead and / or stamped with the relevant Authority/ person's official stamp.
6.3. In order to achieve Financial Closure, the Grant Recipient shall be required to submit the documents listed below:
6.3.1. Debt Funding Agreement, signed by all Parties and all conditions precedent in terms of such agreement having been met (save for coming into effect of this Agreement), to be annexed as Annexure "B1";
6.3.2. Other Funding Agreements, signed by all Parties and all conditions precedent in terms of such agreement having been met (save for coming into effect of this Agreement), to be annexed as Annexure "B2";
6.3.3. Consultant and professional team service agreements signed by all parties and all conditions precedent having been met, and professional indemnity cover effected, to be annexed as Annexures "B3";
6.3.4. Approved site development plan/s, to be annexed as Annexure "B4";
6.3.5. Approved building plans, to be annexed as Annexure "B5";
6.3.6. NHBRC enrolment or exemption (enrolment certificates or letters), to be annexed as Annexure "B6";
6.3.7. Updated Project Development Costs (including costs to reflect tender results, as well as cash flow draw-downs from Financiers) together with updated Quick Scan C, to be annexed as Annexure "B7";
6.3.8. Development Agreement, signed by all Parties and all conditions precedent in terms of such agreement having been met (save for coming into effect of this Agreement), to be annexed as Annexure "B8";(If Applicable)
6.3.9. Construction Agreement concluded between Grant Recipient or Developer and the Contractor and all other relevant documentation (like drawings, specifications, costs, bills of quantity and similar information) that the SHRA may request, to be annexed as Annexure "B9";
6.3.10. Approved Environmental Management Plan, to be annexed as Annexure "B10";
6.3.11. A draft copy of the Notarial Deed against the title deed restricting transfer of the lan...
FINANCIAL CLOSURE. The Lessee hereby agrees and undertakes that it shall achieve Financial Closure & execute Financing Documents & deliver to DOT three copies thereof attested by a Director or the Authorized Signatory of the Lessee by the Appointed Date, and in the event of delay it shall be entitled to a further period not exceeding 90 (ninety) days. In the event of Financial Closure not being achieved even within 90 days of Appointed Date, the Lessee shall be entitled to a further period not exceeding 60 days subject to payment of damages to DOT in a sum of Rs.10,000 (Rs. Ten thousand only) for each day of delay. Provided that the damages specified herein shall be payable every week in advance and the period beyond 90 days from Appointed Date shall be granted only to the extent of damages so paid, provided further that no damages shall be payable if such delay in Financial Closure has occurred solely as a result of any default or delay by DOT in satisfaction of the Conditions Precedent specified in clause 1.7.2.
FINANCIAL CLOSURE. The obligation of the Purchaser to pay the Purchase Price (or any installment thereof) and the obligation of FA-1 to provide the Rights are conditional upon the occurrence of FA-1
FINANCIAL CLOSURE. The obligation of XXXX ATLANTIC to pay the Purchase Price (or any instalment thereof) and the obligation of FA-1 to provide the Capacity is conditional upon the occurrence of FA-1 Financial Closure.
FINANCIAL CLOSURE. The obligation of the Purchaser to pay the Purchase Price (or any installment thereof) and the obligation of FA-1 to provide the System IRU are conditional upon the occurrence of FA-1 Financial Closure.
FINANCIAL CLOSURE. The obligation of GTE to pay the Purchase Price (or any instalment thereof) and the obligation of FA-1 to provide the Capacity is conditional upon the occurrence of FA-1 Financial Closure.
FINANCIAL CLOSURE. If FA-1 Financial Closure has not occurred by 12 October 1999, then this Agreement shall terminate (with the exception of clauses 11, 19, 21 and 23 which shall survive termination).
FINANCIAL CLOSURE. 9.2.1. The CONCESSIONAIRE shall provide evidence to the GRANTOR, before thirty
FINANCIAL CLOSURE. The beneficiary shall submit a final technical implementation report and financial statement justifying the final determination of the lump-sum and flat rates contributions.
