Financing of Projects Sample Clauses

Financing of Projects. Global acknowledges that Covanta does not intend to secure debt financing for each Project that is to be developed by Covanta and that the funding for such Projects is expected to be all in the form of equity. If Covanta elects to arrange a financing for a particular Project in which Global has committed to invest prior to the placement of the Purchase Order for the Systems that are required for such Project and the lender(s) for such Project are not willing to accept the risk that Global will timely fund its equity commitments or any of its other support obligations to the Project, Global shall be required to provide whatever credit support is required by such lender(s) for its equity investment and its share of any other equity support obligations, including a letter of credit in support of such commitments. Once Covanta has been able to secure limited recourse take-out financing for one or more Projects, as discussed in Section 2.2(j), it will consider arranging a tranche of limited recourse debt for Projects with a capital cost in excess of $40 Million prior to the commencement of the construction of such Projects. Notwithstanding anything which is contained herein to the contrary, Covanta shall not be under any obligation whatsoever to provide a “wrap” of Global’s equity obligation or any other credit support obligation of Global to the lender(s).
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Financing of Projects is associated with increased risk as the Investors’ funds may be lost and/or may not bring the rate of return desired by the Investors due to the Project Owner’s financial difficulties, insolvency or other circumstances.
Sample 1
Financing of Projects. A number of jointly financed projects already exist between the partners. Such arrangements are encouraged, wherever feasible and appropriate. The EIB and the IDB may independently finance different components of a given project, or interrelated projects. Each institution would administer its own loan according to its own policies, including those related to procurement of goods and services.
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Financing of Projects. The Commission may finance any of its projects in any manner as the Board shall authorize by resolution, which may include grants or loans from any governmental agency or entity or from any commercial lending institutions and/or including the issuance of revenue bonds. Bonds issued pursuant to sections 393.700 to 393.770 RSMo by the Commission shall be payable as to the principal and interest , solely from the net revenues derived by the Commission from the operation and maintenance of the Commission’s projects, or from sources made available to the Commission from sources other than from proceeds of taxation. Revenue bonds and other indebtedness of the Commission shall not be the debt, liability or obligation of the Contracting Municipalities and neither the faith and credit nor the taxing power of the Contracting Members shall be pledged to the payment of such indebtedness or revenue bonds (393.725 RSMo). The Commission will insure revenue streams sufficient to pay the O&M, principal and interest of projects through contracts as outlined in Section 16, Contracts. No Contracting Member shall have any obligation for any project for which it is not a participant.
Sample 1
Financing of Projects. Sellers have represented to Buyer that Sellers have (i) entered into a loan commitment dated November 23, 2004 (“Loan Commitment”) with Aegon USA Realty Investment Advisors, Inc. (“Lender”) to provide financing in the amount of $75,000,000 to be secured by the Projects identified on Schedule 7 – Aegon Projects attached hereto (“Aegon Refinancing”). Buyer agrees at the Closing (i) to reimburse Sellers up to $230,000 for actual costs incurred by Sellers in underwriting and financing fees in connection with the Aegon Refinancing, for which Sellers shall provide Buyer reasonable supporting documentation and (ii) provided Aegon consents in writing to Buyer’s assumption of Sellers’ rights under the Loan Commitment on terms no less favorable to Buyer and if so required by Lender, to provide Lender (a) a letter of credit in an amount not to exceed $2,250,000 in replacement of a letter of credit previously provided by Sellers to Lender, and (b) a fully refundable security deposit in an amount of not to exceed $750,000, in replacement of the security deposit provided by Sellers to Lender, in each instance to secure the Aegon Refinancing.
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Financing of Projects. Global acknowledges that Covanta does not intend to secure debt financing for all Projects, particularly in the case of the initial Projects that it develops, and that Covanta may elect to build multiple Projects on an all equity basis and later seek to secure a take-out financing for such Projects some time after the Projects have achieved commercial operation. The decision to finance each Project and the terms of such financing shall be made in the sole discretion of Covanta.
Sample 1
Financing of Projects. Seller has notified Buyer that Seller is concurrently negotiating with one or more prospective lenders for financing to be secured by some or all of the Projects. Seller and the Subsidiaries shall be entitled to enter into any financing arrangement(s) secured by all or any of the Projects at any time before Closing so long as Seller agrees to have any such liens released at Closing.
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Financing of Projects 
Sample 1

Related to Financing of Projects

  • Maintenance of Properties (a) Maintain, preserve and protect all of its material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted; (b) make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) use the standard of care typical in the industry in the operation and maintenance of its facilities.

  • Maintenance of Properties, Etc Maintain and preserve, and cause each of its Subsidiaries to maintain and preserve, all of its properties that are used or useful in the conduct of its business in good working order and condition, ordinary wear and tear excepted.

  • Legal Existence; Maintenance of Properties The Borrower will do or cause to be done all things necessary to preserve and keep in full force and effect its legal existence, rights and franchises and those of its Subsidiaries and will not, and will not cause or permit any of the Guarantors to, convert to a limited liability company or a limited liability partnership unless simultaneously with such conversion the Borrower or such Guarantor shall have executed and delivered to the Administrative Agent all documentation which the Administrative Agent reasonably determines is necessary to continue the Borrower’s or such Guarantor’s obligations in respect of this Credit Agreement or the Guaranty, as applicable. It (a) will cause all of its properties and those of its Subsidiaries used or useful in the conduct of its business or the business of its Subsidiaries to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment, (b) will cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in the judgment of the Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times, and (c) will, and will cause each of its Subsidiaries to, continue to engage primarily in the businesses now conducted by them and in related businesses; provided that nothing in this §5.6 shall prevent the Borrower from discontinuing the operation and maintenance of any of its properties or any of those of its Subsidiaries if such discontinuance is, in the judgment of the Borrower, desirable in the conduct of its or their business and does not in the aggregate materially adversely affect the business of the Borrower and its Subsidiaries on a consolidated basis.

  • Amendment of the Credit Agreement Effective as of the Amendment Effective Date (as defined below):

  • Maintenance of Properties and Leases Each Loan Party shall, and shall cause each of its Subsidiaries to, maintain in good repair, working order and condition (ordinary wear and tear excepted) in accordance with the general practice of other businesses of similar character and size, all of those properties useful or necessary to its business, and from time to time, such Loan Party will make or cause to be made all appropriate repairs, renewals or replacements thereof.

  • Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc The execution, delivery and performance by the Borrower and its Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the Extensions of Credit hereunder and the transactions contemplated hereby or thereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any material Governmental Approval relating to the Borrower or any of its Subsidiaries, (ii) violate any material provision of Applicable Law relating to the Borrower or any of its Subsidiaries, (iii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of the Borrower or any of its Subsidiaries, (iv) conflict with, result in a breach of or constitute a default under any indenture, agreement or other instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person, which could individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, (v) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by such Person other than Permitted Liens arising under the Loan Documents or (vi) require any consent or authorization of, filing with, or other act in respect of, an arbitrator or Governmental Authority and no consent of any other Person is required in connection with the execution, delivery, performance, validity or enforceability of this Agreement other than (A) consents, authorizations, filings or other acts or consents for which the failure to obtain or make could not individually or in the aggregate, reasonably be expected to have a Material Adverse Effect and (B) consents or filings, if any, under the UCC and (iii) filings with the United States Copyright Office and/or the United Stated Patent and Trademark Office.

  • Maintenance of Property The Company shall maintain, and shall cause each Subsidiary to maintain, and preserve all its property which is used or useful in its business in good working order and condition, ordinary wear and tear excepted and make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

  • Operation and Maintenance of Properties The Borrower, at its own expense, will, and will cause each Subsidiary to:

  • Use of Project Issuer does hereby covenant and agree that it will not take any action during the term of this Agreement, other than pursuant to Article IX of this Agreement or Article IX of the Indenture, to interfere with Company's ownership of the Project or to prevent Company from having possession, custody, use and enjoyment of the Project.

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