Payment mechanism and project financing Sample Clauses

Payment mechanism and project financing. The Contractor will receive a periodical performance-related availability payment during the term of the DBFM Agreement. Furthermore, the Contractor will receive a Bullet Payment upon the issuing of the Availability and Completion Certificate. The Contractor will be responsible for arranging the financing of the Project. The financing structure must be such that the Lenders will provide the Contractor with loan capital, or at least a guarantee for such, based on the principles of project financing. The Client will conclude a Direct Agreement with the Contractor and the relevant Lenders, and if requested it will cooperate with the pledging of the Net Availability Payment. A draft of the Direct Agreement is attached to the DBFM Agreement as Schedule 6 (Direct Agreement). The Tenderers must submit a Financing Plan with the Tender, in which they explain how sufficient financing will be raised for the Project in order to be able to satisfy all the obligations under the DBFM Agreement. The Candidate will be asked to submit a (draft) Financing Plan during the Second Phase of the Dialogue, and to discuss such with the Contracting Authority. The Financing Plan must then be submitted by the Tenderer as part of the Tender, in which regard the Contracting Authority emphasises that the due diligence assessment for the Tender must have taken place by that time, based on the assumption that no more changes will be made to the DBFM Agreement. The interest rate risk over the period between the Tender and the Financial Close will be borne by the Contracting Authority, subject to certain conditions. These conditions and the interest rate risk are explained in more detail in paragraph 7.4. The Contracting Authority will discuss the process to obtain the financing for the Project with the Candidate, and will follow the situation on the financial markets carefully. This could lead to a modification of the Tender Documents. The Contracting Authority also reserves the right to change the process for obtaining the financing for the Project if the situation on the financial markets gives cause for this. At this point in time, the Contracting Authority assumes that financing with an inflation- related component and/or Hard Mini Perm financing will not be made possible for the Project.
Sample 1
AutoNDA by SimpleDocs

Related to Payment mechanism and project financing

  • Payment Mechanics All payments of principal and interest hereunder are to be made in lawful money of the United States of America in the manner specified in Article III of the Purchase and Sale Agreement.

  • Payment Mechanism All payments under this Agreement shall be made in United States Dollars, unless otherwise agreed, and within ten (10) days after the end of the month in which the obligation to make the payment is incurred to a bank specified by the Party to whom the payment is due.

  • FISCAL IMPACT/FINANCING There will be no impact to the County General Fund.

  • 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.

  • PROJECT FINANCING AND EXPENSES SCHEME The Recipient further designates the Project's estimated financial resources and estimated costs certified to the OPWC under this Agreement for the Project as defined and described in Appendix A of this Agreement to consist of the following components:

  • Delinquent Child Support Obligations A child support obligor who is more than 30 days delinquent in paying child support and a business entity in which the obligor is a sole proprietor, partner, shareholder, or owner with an ownership interest of at least 25 percent is not eligible to receive payments from state funds under an agreement to provide property, materials, or services until all arrearages have been paid or the obligor is in compliance with a written repayment agreement or court order as to any existing delinquency. The Texas Family Code requires the following statement: “Under Section 231.006, Texas Family Code, the vendor or applicant certifies that the individual or business entity named in this contract, bid, or application is not ineligible to receive the specified grant, loan, or payment and acknowledges that this contract may be terminated and payment may be withheld if this certification is inaccurate.”

  • Child Support Obligation Under Section 231.006(d) of the Texas Family Code regarding child support, Contractor certifies that the individual or business entity named in this Contract and any related Solicitation Response is not ineligible to receive the specified payment and acknowledges that the Contract may be terminated and payment may be withheld if this certification is inaccurate.

  • OGS Centralized Contract Terms and Conditions have been renumbered as depicted in the following chart: Current Amended Section Title 4.25 4.26 Severability 4.26 4.27 Entire Agreement

  • Alternative Transfer Mechanism The parties agree that the data export solution identified in Section 8.2 shall not apply if and to the extent that MailChimp adopts an alternative data export solution for the lawful transfer of Personal Data (as recognized under EU Data Protection Laws) outside of the EEA (“Alternative Transfer Mechanism”), in which event, the Alternative Transfer Mechanism shall apply instead (but only to the extent such Alternative Transfer Mechanism extends to the territories to which Personal Data is transferred). Part B: GDPR Obligations from 25 May 2018

  • Life support equipment (a) If a person living at your premises requires life support equipment, you must register the premises with your retailer or with us. To register, you will need to give written confirmation from a registered medical practitioner of the requirement for life support equipment at the premises.

Time is Money Join Law Insider Premium to draft better contracts faster.