FINANCING AND REFINANCING OF THE PROJECT FACILITY Sample Clauses

FINANCING AND REFINANCING OF THE PROJECT FACILITY. Over the term of this Lease Agreement, the Agency, with prior approval of the Agency, agrees to reasonably cooperate with the Company in connection with any refinancing of the indebtedness encumbering the Project Facility. In connection with any refinancing by the Company of such indebtedness, the Agency will execute and deliver all such documents and/or instruments reasonably required by the Company’s lender in connection with such refinancing, provided that such documents or instruments are those to which the Agency is typically a party; and further provided, that such documents or instruments include the Agency’s standard non-recourse/special obligation language that is contained in Section 8.13, and further subject to the approval of the Agency and the Agency’s legal counsel as to form and content of the document. In all cases any mortgage executed in accordance with this Section 8.14 shall be subordinate to the PILOT Mortgage. In all cases the Company shall pay any reasonable out-of-pocket expenses and fees of the Agency in connection with any refinancing of the Loan including, without limitation, any Agency administrative fee and any reasonable attorney’s fees.
Sample 1
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FINANCING AND REFINANCING OF THE PROJECT FACILITY. Over the term of this Lease Agreement, the Agency agrees to reasonably cooperate with the Company in connection with any financing or refinancing of the indebtedness encumbering the Project Facility. In connection with any refinancing by the Company of such indebtedness, the Agency will execute and deliver all such documents and/or instruments reasonably required by the Lender in connection with such refinancing, provided that such documents or instruments are those to which the Agency is typically a party; and further provided, that such documents or instruments include the Agency’s standard non-recourse/special obligation language that is contained in Section 8.13, and further subject to the approval of the Agency and the Agency’s legal counsel as to form and content of the document. In all cases the Company shall pay any reasonable out-of-pocket expenses and fees of the Agency in connection with any financing or refinancing of the indebtedness encumbering the Project Facility including, without limitation, any Agency administrative fee and any reasonable attorney’s fees.
Sample 1

Related to FINANCING AND REFINANCING OF THE PROJECT FACILITY

  • Project Financing B.1. The Foundation hereby agrees to fund, by Conditional Grant, the implementation of the Proposal in the maximum sum of $ or 50% of the actual expenditures on the Project, as contemplated in the Approved Project Budget, whichever is less, and at the times and as may otherwise be set forth in Annex B hereto.

  • Bank Financing The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other:

  • Pre-financing Pre-financing is intended to provide the beneficiary with a float. Where required by the provisions of Article I.4 on pre-financing, the beneficiary shall furnish a financial guarantee from a bank or an approved financial institution established in one of the Member States of the European Union. The guarantor shall stand as first call guarantor and shall not require the Commission to have recourse against the principal debtor (the beneficiary). The financial guarantee shall remain in force until final payments by the Commission match the proportion of the total grant accounted for by pre-financing. The Commission undertakes to release the guarantee within 30 days following that date.

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