Means of implementation. 5.1The Ministry for the Environment, Land and Sea of the Republic of Italy will co-finance the implementation of the projects and activities under this Memorandum in an amount not exceeding EUR 2 Million (two million euros).
Means of implementation. 6.1 The Ministry for the Environment, Land and Sea of the Italian Republic will provide a contribution not exceeding € 1,500,000 (one million five hundred thousand Euro) for the co-funding of the feasibility study.
Means of implementation. Article 36
Means of implementation. The Parties have identified a number of means of implementation of the principles outlined above, that underlie the consolidated Enel industrial relations model, and undertake to promote them, in a constructive manner, with a view to negotiating further agreements. This implementation shall take place in every Enel company in compliance with the principle of solidarity.
Means of implementation. 6.1 Unless otherwise is agreed, any costs regarding the subject matter including the programs, activities, and projects under the present Memorandum of Understanding will be borne by the Parties, as advised by the Joint Committee and in conformity with the respective national legislation.
Means of implementation. 6.1 The contribution from the Ministry of Environmental Protection of the Republic of Serbia will be decided at a later stage and notified to the other Party during the first meeting of the Joint Committee or the following technical meetings.
Means of implementation. 6.1 The IMELS will provide financial support for the implementation of the activities and projects identified in the Plan of Activities approved in the meetings of the Joint Committee.
Means of implementation. 1. Any cost regarding programs, activities, and projects under this Memorandum of Understanding will be borne by the Parties as advised by the Joint Committee and in conformity with their respective national legislations.
Means of implementation. The parties hereto agree that the following terms and conditions will apply for purposes of implementing the Restructuring Transaction:
Means of implementation. DIP Facility The Chapter 11 Cases and the Company’s business operations during the Chapter 11 Cases will be funded in part by a $206,700,000 delayed-draw term loan debtor-in- possession financing facility (the “DIP Facility”, and the loans thereunder, the “DIP Loans”). Pursuant to the RSA, and subject to the terms and conditions thereof, the Initial Commitment Parties have committed, on a several and not joint basis, to provide 100% of the DIP Facility. Holders of Second Lien Notes may elect to participate in the DIP Facility to the extent, and in accordance with the terms and conditions, set forth in the DIP Facility Term Sheet. The Company Parties shall pay to each Initial Commitment Party identified as a “Backstop Party” on Schedule 3 to the RSA its ratable share (based on such Initial Commitment Party’s commitment in respect of the DIP Facility as a percentage of the aggregate commitments of all such Initial Commitment Parties in respect of the DIP Facility as of the Execution Date) of a non-refundable backstop fee (the “DIP Backstop Fee”), which fee shall be earned on the Execution Date and due and payable (A) on the Plan Effective Date, in full in-kind in the form of New Common Stock equal to 4.25% of the aggregate New Common Stock, subject to dilution by (x) the MIP and (y) the Second Lien Notes RSA Fee or (B) if earlier, on the third Business Day immediately following the earliest of (x) (I) the termination of the RSA with respect to the Consenting Second Lien Noteholders or (II) the acceleration of the DIP Loans and the termination of the commitments under the DIP Facility, in each case of this clause (x) as a result of a breach by a Debtor or its affiliates of its obligations under the RSA or the DIP Credit Agreement, (y) the termination of the RSA pursuant to Section 14(b)(i) or (z) the repayment in full in cash of the DIP Facility, in cash in an amount equal to $18.0 million. Exit ABL Facility On the Plan Effective Date, Reorganized Pyxus will enter into a credit agreement as the borrower in respect of a senior secured asset-based revolving or term loan credit facility (the “Exit ABL Facility”) providing for commitments of no less than $60 million from one or more third party lenders or existing creditors of the Company having terms and conditions consistent with this Term Sheet and otherwise consistent with the RSA in all respects. The rights and priorities of the liens securing the Exit ABL Facility, the Exit Secured Notes (as defined below) ...
