Financing Arrangement. 5.2.1 The Developer shall at its own cost, expenses and risk make such financing arrangement as would be necessary to implement the Project and to meet all of its obligations under this Agreement, in a timely manner.
Financing Arrangement. The Concessionaire shall at its cost, expenses and risk make such financing arrangement as would be necessary to implement the Project and to meet all of its obligations under this Agreement, in a timely manner.
Financing Arrangement. (a) The Concessionaire shall at its cost, expenses and risk make such financing arrangement as would be necessary to finance the Project and to meet its obligations under this Agreement in a timely manner.
(b) In the event of the Concessionaire employing the funds borrowed from the Lenders to finance the Project, the provisions relating to Lenders including those relating to Financial Close and Substitution Agreement shall apply.
(c) The Concessionaire shall within 7 days of achieving Financial Close submit to NGS one set of Financing Documents evidencing Financial Close.
Financing Arrangement. 5.2.1 The Developer shall at its own cost, expenses and risk make such financing arrangement as would be necessary to implement the Project and to meet all of its obligations under this Agreement, in a timely manner. The Developer shall within 60 (sixty) days from the date of handover of Project Site submit to the Authority a detailed project implementation plan (“Project Implementation Plan”) and make a presentation on the same to the Authority. The Project Implementation Plan should set out in reasonable detail the information required as detailed in Schedule 2. The activities allowed would be tourism & tourism related activities in accordance with the Tourism Policy of the State of Jharkhand as amended from time to time. The Authority shall review the Project Implementation Plan for compliance with applicable provisions and information requirements as specified in Schedule 2 of the Agreement and either approve or convey its comments/observations, if any within 30 (thirty) days from the date of receipt of the Project Implementation Plan by the Developer. On receipt of such comments/observation from the Authority, the Developer shall within 15 (fifteen) days submit a revised Project Implementation Plan to the Authority for its approval. The Project Implementation Plan will be considered deemed approved by Authority if any comments / observations are not shared with the Developer within 60 (sixty) days of receipt of the Project Implementation Plan from the Authority. After approval by the Authority, the Project Implementation Plan (“Approved Project Implementation Plan”) shall be signed by the Parties and appended to this Agreement as Schedule 9. If the Developer fails to submit the Project Implementation Plan within the period of 60 (sixty) days from the date of handover of the Project Site, it should in writing convey the reasons for non- submission of the same within the said period of 60 (sixty) days. Upon such request, the Authority may for valid reasons and for reasons beyond the control of Parties, waive the delay to submit the Project Implementation Plan and extend the date for submission of Project Implementation Plan but not later than for a further period of 30 (thirty) days, subject to payment of penalty amount calculated at the rate of 0.2% (zero point two per cent) of the Performance Security for each day's delay until the submission of the same to the Authority. In case the Project Implementation Plan is not submitted within the extended per...
Financing Arrangement. (a) The Concessionaire shall at its cost; expenses and risk make such financing arrangement as would be necessary to implement the Project and to meet all of its obligations under this Agreement, in a timely manner. It is made clear that for the purpose of arranging finance for the project under the present Agreement, the Concessionaire shall have no right to create any charge / encumbrance on the Project Site and/or mortgage the same.
(b) The Concessionaire shall achieve Financial Close on or before 90 days from the Appointed Date.
Financing Arrangement. As and when needed, Parent will have the funds necessary to consummate the Transactions on the terms contemplated by this Agreement.
Financing Arrangement. The Concessionaire shall at its cost; expenses and risk make such financing arrangements including grant or assistance from Governmental Agencies other than MCD, as would be necessary to implement the Project and to meet all of its obligations under this Agreement, in a timely manner.
Financing Arrangement. 1. The Borrower, through Shaanxi, shall make available to the Project Implementing Entity the proceeds of the Loan under terms and conditions satisfactory to the Bank, which shall include the following:
(a) The principal amount shall be made available in Dollars (determined on the date, or respective dates, of withdrawal from the Loan Account) of the value of the currency or currencies so withdrawn.
(b) The principal amount so made available shall be recovered over a period of twenty-five (25) years, inclusive of a grace period of six (6) years.
(c) Interest shall be charged on such principal amount withdrawn and outstanding from time to time at a rate equal to the rate of interest applicable from time to time to the Loan pursuant to the provisions of Section 2.04 of this Agreement.
(d) A Front-end Fee shall be charged at a rate equal to the rate paid by the Borrower to the Bank pursuant to Section 2.03 of this Agreement.
Financing Arrangement. Pursuant to the Second CMB Finance Lease Agreement, CMB Financial Leasing has conditionally agreed to, among other things, (i) enter into a tripartite assignment agreement to take up the rights and obligations of Suining Wind Power as purchaser under the Supplemental 95MW Equipment Purchase Agreement and take ownership of the 95MW Equipment upon delivery of the 95MW Equipment to Suining Wind Power; (ii) pay a net amount of RMB395,644,500 (equivalent to approximately HK$439,434,109), representing 90% of the total consideration under the Supplemental 95MW Equipment Purchase Agreement, to CNI Nanjing in stages in accordance with the terms of the Supplemental 95MW Equipment Purchase Agreement; and (iii) lease back the 95MW Equipment to Suining Wind Power after taking up the ownership of the 95MW Equipment. The ownership of the 95MW Equipment under the Second CMB Finance Lease Agreement will be first vested in CMB Financial Leasing. At the end of the lease period and subject to (i) fulfilment of all its payment obligations under the Second CMB Finance Lease Agreement by Suining Wind Power; and
Financing Arrangement. TBITEC shall have the right to assign its right to receive the Acquisition Payment for security, with the prior written consent of the Chief Executive Officer, which consent shall not be unreasonably withheld, to a reputable nationally recognized lender or lending institution ("Approved Lender") in connection with the financing of the TBITEC-Procured Equipment authorized herein (the "Financing Arrangement"). Other than in connection with the Financing Arrangement permitted above, TBITEC shall not otherwise pledge, hypothecate, encumber, or mortgage the TBITEC Lease or its interest in the TBITEC Lease. In connection with TBITEC's request for consent to any such Financing Arrangement, TBITEC shall submit for the Chief Executive Officer's prior review and written approval any and all instruments and documents to be executed by, or binding upon, TBITEC in connection therewith (the "Financing Arrangement Documents"). In the event such Financing Arrangement is approved in writing by the Chief Executive Officer and the Acquisition Payment is so assigned, City shall not be bound, nor shall the terms, conditions, and covenants of the TBITEC Lease nor the rights and remedies of City hereunder be in any manner limited, restricted, modified, or affected by reason of the terms or provisions of the Financing Arrangement Documents. The only other rights or obligations of any such Approved Lender under an approved Financing Arrangement shall be as follows:
