Financing Plan. 1. Explain developer’s manner of financing (e.g. project financing, balance sheet financing, utility tax equity investment, etc.).
2. Describe the developer’s general project financing status.
3. To what extent (%) has the developer received firm commitments from financers (both debt and equity), and how much financing is expected to be needed to bring the Project online?
4. List any government funding or awards received by the Project.
5. Explain the creditworthiness of all relevant financiers
6. Describe developer’s history of ability to procure financing.
7. Describe any plans for obtaining subsidies, grants, or any other third party monetary awards (other than Production Tax Credits and Investment Tax Credits) and discuss how the lack of any of this funding will affect the Project.
Financing Plan. The Company shall have a Financing Plan prepared which shall include such provisions as the Company may determine consistent with its commercial requirements and Good Industry Practice. The Company shall be responsible for raising all of the financing necessary to implement the Financing Plan for the Project.
Financing Plan. Certain Partnership plans, as approved by unanimous actions of the Partnership Governance Committee, setting forth the Partnership's funding requirements for the Capital Budget and the sources of funds to finance such requirements.
Financing Plan. During the transition phases of this merger, the parties agree to inform each other of major purchases and expenditures; however, the parties will maintain separate financing structures until the merger is complete.
Financing Plan. A description of the sources and uses of public and private funds for the construction of necessary public and private infrastructure and of necessary structures and improvements to serve the Project.
Financing Plan. (a) No later than the date set forth in the Schedule of Performance, Developer shall submit a Financing Plan for the Development to the City for the City's review and approval, evidencing availability of the funds necessary to finance the acquisition of the Dealership Development Parcel and construction and continued operation of the Improvements on the Dealership Development Parcel and Swap Parcel. The Financing Plan shall include:
(1) A detailed development budget (including all direct, indirect, and financing costs) for the construction of the Improvements. The Developer shall update the detailed development budget to reflect any material cost changes to the development budget;
(2) An operating proforma for the Development for ten (10) years, which shall show debt service on all loans and other financial obligations associated with the construction and operation of the Development, as applicable;
(3) An updated Summary of Sources and Uses, including a cost breakdown for costs of constructing and operating the Improvements (including all direct, indirect, and financing costs). The update to the Summary of Sources and Uses shall include all assumptions for all debt and equity financing, shall show the timing of uses of each source of financing and shall break down which expenses each source of financing is funding and identifying whether it is construction or Permanent Financing;
(4) To the extent applicable, a copy of any updates to the commitment or commitments obtained by Developer for the lines of credits, loans, grants, or other financial assistance from external debt financing sources to assist in financing the construction of the Improvements certified by Developer to be true and correct copies thereof. The City shall cause such commitments to be reviewed solely to determine the validity of the commitments and the proposed amount, terms and timing of the financing to be provided under such commitments, and not for review or approval of any other business or financial terms;
(5) A description of any joint ventures, partnerships or conveyances that the Developer proposes to enter into in order to provide equity funds for acquiring, developing, constructing or operating the Development, including copies of any then executed joint venture, partnership and/or conveyance agreements;
(6) A certified financial statement or other financial statement in such form reasonably satisfactory to the City evidencing other sources of capital sufficient to demonstrat...
Financing Plan. (a) The Developer intends to finance the development with sources that may include but are not limited to the City Loans, Tax Credit Funds, and other public financing and private lender construction and permanent financing. As of the Effective Date, the City has approved the preliminary Financing Proposal attached to this Agreement as Exhibit D. The City and the Developer acknowledge that the Developer may pursue additional funding options and the list of funding sources described above is not intended to be a limitation on the sources that the Developer may utilize to finance the construction and operation of the Development. The Financing Proposal shall be in effect until a Financing Plan is approved by the City pursuant to subsection (c) below. The City shall approve updates to the Financing Proposal and the Financing Plan and any amendments thereto, provided any such alternate funding options are reasonable, and the Developer and the City agree to replace the Initial Financing Proposal with the approved Financing Plan for the Development, which shall meet the requirements of subsection (b) below.
(b) By the time specified in the Schedule of Performance, the Developer shall have submitted for City review a Financing Plan containing the following: (1) a "sources and uses" breakdown of the costs of constructing the Improvements, and (2) an operating proforma for the Residential Development. Such sources and uses breakdown and operating proforma shall reflect the Developer's then current expectations for funding sources, development costs, and Annual Operating Expenses. The purpose of the City review shall be to: (1) determine whether the Developer's estimates of costs and net operating income indicate that the construction and operation of the Residential Improvements will be done in accordance with this Agreement and the proposed Ground Lease, and (2) determine whether the Developer’s estimates of costs indicate that the construction of the Garage Improvements will be done in accordance with this Agreement and the proposed Garage License Agreement. Notwithstanding the foregoing, the date set forth in the Schedule of Performance shall be subject to two one (1) year extensions at the written request of the Developer for approval by the City Manager for a total extension period of two (2) years. Such extensions shall not be unreasonably conditioned, delayed or withheld.
(c) Upon receipt by the City of the proposed Financing Plan, the City shall promptly rev...
Financing Plan. Subcontractor shall submit a financing plan for the CREF(s) or Project(s) being installed under this Subcontract, along with letters of commitment from financiers (third-party investors or lenders), where applicable, specifying at a minimum:
i. The amount of capital being invested or loaned and the anticipated costs of the CREF(s) authorized in Attachment C;
ii. The exact number of installations or commensurate capacity that will be financed;
iii. The date the terms of investment available to Subcontractor expire; and
iv. Such additional information as the DCSEU may reasonably request. If Subcontractor is self-financing its Portfolio or a portion of its Portfolio, Subcontractor shall submit a letter explaining how Subcontractor will finance its Portfolio or the portion of its Portfolio and provide evidence to support Subcontractor’s ability to self-finance signed by a Chief Executive Officer or an individual with equivalent authority.
Financing Plan. The financing plan for the Integrated Road Investment Program is summarized below. Financing Source Total ($million) Share (%) of Total Asian Development Bank 800.0 88.3 Government of Sri Lanka 106.0 11.7 Total (Investment Program) 906.0 100.0 Each tranche may be financed under terms different from the financing terms of previous or subsequent tranches. The choice of financing terms will depend on the project, capital market conditions, and ADB’s financing policies, all prevailing on the date of signing the legal agreement for such tranche. Tranches may be provided in sequence or simultaneously, and some may overlap in time with each other. Commitment charges or guarantee fees are not payable on the Facility. They are payable only on financing actually committed by ADB as a loan or guarantee. ADB rules on commitment charges and guarantee fees, which are in effect when the legal agreements are signed for a tranche, will apply with respect to such tranche. Amount The maximum financing amount available under the Facility is eight hundred million US dollars ($800,000,000). It will be provided in individual tranches from ADB’s Ordinary Capital Resources1 and/or Special Funds Resources2 in Loans. Availability Period The last date on which any disbursement under any tranche may be made will be on or before 30 September 2024. The last financing tranche is expected to be executed no later than 31 December 2021. Terms and Conditions Sri Lanka will cause the proceeds of each tranche to be applied to the financing of expenditures of the Investment Program, in accordance with conditions set forth in this FFA and the legal agreements for each tranche. Execution The Executing Agency will be the Ministry of Highways, Ports and Shipping (MOHPS). The Implementing Agency will be the Road Development Authority (RDA). The Executing and Implementing Agencies will implement the Investment Program in accordance with the principles set forth in Schedule 1 to this Agreement, and as supplemented in the legal agreements for each tranche. Periodic Financing Requests Sri Lanka may request, and ADB may agree, to provide loans under the Facility to finance the Investment Program and its related projects upon the submission of a Periodic Financing Request (PFR). Each PFR should be submitted by Sri Lanka. Sri Lanka will make available to MOHPS and the Road Development Authority (RDA) the proceeds of the tranche in accordance with the related PFR, and the legal agreements for the tranche. E...
