Project Financing Agreements Sample Clauses
A Project Financing Agreements clause outlines the terms and conditions under which a project will be funded, typically through external lenders or investors. This clause details the structure of the financing, including the sources of funds, repayment schedules, and any security interests or collateral required. For example, it may specify that the project's assets or future revenues serve as security for the loan. Its core function is to clearly define the financial framework and obligations for all parties, thereby reducing uncertainty and allocating financial risk associated with the project's development and operation.
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Project Financing Agreements. Department’s Rights and Protections
(a) From time to time during the Term, the Concessionaire has the right, at its sole cost and expense, to pledge, hypothecate or assign the Gross Revenues and the Concessionaire’s Interest as security for any Concessionaire Debt, such debt to be issued on such terms and conditions as may be acceptable to any Lender and the Concessionaire, subject to the following terms and conditions (such pledge, hypothecation, assignment, or other security instrument, including the Initial Project Financing Agreements and the 395 Project Financing Agreements, being referred to in this Agreement as a “Financing Assignment”):
(i) no Person other than an Institutional Lender (other than with respect to indemnification and similar provisions provided for the benefit of the Collateral Agent and the agents, officers, representatives and/or employees of an Institutional Lender or the Collateral Agent) is entitled to the benefits and protections afforded by a Financing Assignment, except that Lenders of Concessionaire Debt may be Persons other than Institutional Lenders so long as any Financing Assignment securing such Concessionaire Debt made by such Person is held by an Institutional Lender acting as Collateral Agent, and PABs may be issued, acquired and held by parties other than Institutional Lenders so long as an Institutional Lender acts as indenture trustee for the PABs and any VTIB assistance;
(ii) no Financing Assignment will encumber less than the entire Concessionaire’s Interest; provided, that the foregoing does not preclude subordinate Financing Assignments;
(iii) the Concessionaire is strictly prohibited from pledging or encumbering the Concessionaire’s Interest, or any portion thereof, to secure any indebtedness, and no Financing Assignment will secure any indebtedness, (A) that is issued by any Person other than the Concessionaire, any special purpose company that directly or indirectly owns the Concessionaire and has no assets except as are directly related to the Project, or any special purpose subsidiary wholly owned by such company, or the PABs Issuer or (B) the proceeds of which are used in whole or in part for any purpose other than the Project Purposes or any other purpose permitted in Section 7.04(a)(xiv); 38 DMEAST #27287336 v26
(iv) no Financing Assignment or other instrument purporting to mortgage, pledge, encumber, or create a Lien on or against the Concessionaire’s Interest will extend to or affect the Department’s...
Project Financing Agreements. The Initial Project Financing Agreements are listed on Exhibit H-1 and have been executed among and delivered by the Concessionaire or an Affiliate thereof, together with certain lenders and such other parties as more fully described on such exhibit. The NEXT Project Financing Agreements are listed on Exhibit H-2 and will be entered into among the Concessionaire or an Affiliate thereof, together with certain lenders and such other parties as more fully described on such exhibit on or prior to NEXT Financial Close. The Concessionaire may from time to time enter into other Project Financing Agreements, subject to the terms and conditions set forth in Article 6.
Project Financing Agreements. Section 11.5 of the Transaction Agreement. Project Financing Entity - Section 11.5 of the Transaction Agreement. Project Financing -- Section 11.5 of the Transaction Agreement. Property Taxes - Section 3.6. PX - Section 3.4(d). PX Price -- Section 3.4(d). Qualified - Section 11.3(c) of the Transaction Agreement. Ranchcorp - introductory paragraph. Ranchcorp's Agents - any Affiliate of any of the Tejon Interests and any contractor, consultant, agent, employee, invitee or other Person acting at the request and for the benefit of any of the Tejon Interests or any of their Affiliates. Release - any accidental or intentional spilling, leaking, pumping, pouring, emitting, emptying, discharging, injection, escaping, leaching, migrating, dumping or disposing into the air, land, surface water, ground water or the environment. Rent - Section 3.1. Revenue Day -- Section 3.4(d). Revenue Hour -- Section 3.4(d). S&P - Section 8.4(a)(v). Security Agreement - Section 1 of Schedule 11.4 of the Transaction Agreement.
Project Financing Agreements. The Initial Project Financing Agreements listed on Exhibit H among the Concessionaire or an Affiliate thereof, together with certain lenders and such other parties as more fully described on such exhibit. The Concessionaire may from time to time enter into other Project Financing Agreements, subject to the terms and conditions set forth in Article 6.
Project Financing Agreements. The Project Lender, Loan Documents and Project Engineer shall be as follows:
(a) The Project Lender shall be Village Farms International Finance Association
(b) The Loan Documents shall include the Credit Agreement between the Project Lender and the Owner (collectively, the "Loan Parties"), the Collateral Agency Agreement among CoBank ACB as Collateral Agent, the General Contractor and certain other parties, and such other agreements and documents as the Loan Parties may agree are necessary or desirable to evidence the bond and debt financing facility for the Project.