Close of Finance definition

Close of Finance means commitment and/or issuance of TxDOT funds and/or any other funds necessary to finance the acquisition, design, construction, operations and maintenance of a Facility. Code has the meaning set forth in Recital A of the Agreement.
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Examples of Close of Finance in a sentence

  • Work) Prior to Approval of FIP Between Facility NTP2 and Close of Finance (Facility Dev.

  • Project Status at Risk Event1 Risk Event During Initial Scope of Work2 After MDP Approval3 Prior to Approval of FIP Between Facility NTP2 and Close of Finance (Facility Dev.

  • The remedies for Facility risk events that occur after Close of Finance for the Facility will be set forth in the Facility Agreements for that Facility and are not included in this matrix.

  • This Agreement will be effective from the date of execution until the execution and delivery of Facility Agreements and Close of Finance for all Facilities comprising the Project, up to a maximum of 10 years, and subject to an optional extension of term or earlier termination as set forth in this Agreement.

  • Project Status During Initial Scope of Work2 After MDP Approval3 at Risk Event1 Prior to Approval of FIP Between Facility NTP2 and Close of Finance (Facility Dev.

  • If TxDOT concurs that all conditions required for the Close of Finance have been satisfied, including all requisite approvals under the NEPA process, negotiation of a Facility Agreement, Developer’s provision of any required security, and TxDOT approval of any terms of financing at variance from the Facility Financial Plan, TxDOT will issue to Developer a notice to proceed authorizing the Close of Finance for the Facility (“Facility NTP3”).

  • Project Event During Initial Scope of Work2 After MDP Approval3 Prior to Approval of FIP Between Facility NTP2 and Close of Finance (Facility Dev.

  • Developer or its Affiliate shall diligently pursue all activities necessary or desirable to achieve Close of Finance in accordance with the approved Facility Implementation Plan and Facility Financial Plan and shall achieve close of finance within 45 days after the date on which TxDOT issues the Facility NTP3.

  • In the event Developer fails to achieve Close of Finance within such 45-day period, TxDOT’s remedy shall be as set forth in the Facility Implementation Plan, which may include Developer’s forfeiture of any security provided to TxDOT.

  • Work) Close of Finance delays (with and without fault) n/a Remedies set forth in FIP n/a Remedies set forth in FIP Failure to reach Close of Finance (with and without fault) (including events under CDA §8.4.3) n/a Remedies set forth in FIP n/a Remedies set forth in FIP OTHER PROJECT RISKS BEYOND THE CONTROL OF THE PARTIES5 Lawsuit challenging CDA/ legis.

Related to Close of Finance

  • Close of Business on any given date shall mean 5:00 P.M., New York City time, on such date; provided, however, that if such date is not a Business Day it shall mean 5:00 P.M., New York City time, on the next succeeding Business Day.

  • Close-Out Date means a day on which, pursuant to the provisions of Section 8.1, the Non-Defaulting Party closes out Currency Obligations and/or Options or such close-out occurs automatically. "Closing Gain", as to the Non-Defaulting Party, means the difference described as such in relation to a particular Value Date under the provisions of Section 8.1.

  • Close of Trading means the Scheduled Closing Time of the Relevant Stock Exchange with respect to the Fund or any Successor Fund; and

  • close links means a situation in which two or more natural or legal persons are linked by:

  • RFR Banking Day means any day specified as such in the Reference Rate Terms.

  • close corporation means a close corporation within the meaning of the Close Corporations Act, 1984 (Act No. 69 of 1984);

  • Close-out Report means a report from the Grantee allowing the Grantor to determine whether all applicable administrative actions and required work have been completed, and therefore closeout actions can commence.

  • Retailer of Record means the Retailer who is listed in FortisAlberta’s records through the procedures outlined in the Terms and Conditions, and thereby recognized by FortisAlberta and the Settlement System Code, as a particular Customer’s Retailer for a Point of Service at a particular time;

  • Close financial association means an association in which the person filing shares significant financial involvement with an individual and the filer would reasonably be expected to be aware of the individual's business activities and would have access to the necessary records either directly or through the individual. "Close financial association" does not mean an association based on (i) the receipt of retirement benefits or deferred compensation from a business by which the person filing this statement is no longer employed, or (ii) the receipt of compensation for work performed by the person filing as an independent contractor of a business that represents an entity before any state governmental agency when the person filing has no communications with the state governmental agency.

  • Teacher of record means a teacher who meets all of the following:

  • Zurich Banking Day means a day on which banks are open in the City of Zurich for the settlement of payments and of foreign exchange transactions.

  • Central Clock Time or "CCT" means Central Daylight Time when Daylight Savings Time is in effect and Central Standard Time when Daylight Savings Time is not in effect.

  • New York Banking Day means any day except a Saturday, Sunday or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are authorized or obligated by law, regulation or executive order to be closed.

  • Predecessor Notes of any particular Note means every previous Note evidencing all or a portion of the same debt as that evidenced by such particular Note; and, for the purposes of this definition, any Note authenticated and delivered under Section 306 in lieu of a mutilated, lost, destroyed or stolen Note shall be deemed to evidence the same debt as the mutilated, lost, destroyed or stolen Note.

  • New York Business Day means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York City are generally authorized or obligated by law or executive order to close.

  • TENTH The Board of Directors, by resolution passed by a majority of the whole Board, may designate any of their number to constitute an Executive Committee, which Committee, to the extent provided in said resolution, or in the By-Laws of the Company, shall have and may exercise all of the powers of the Board of Directors in the management of the business and affairs of the Corporation, and shall have power to authorize the seal of the Corporation to be affixed to all papers which may require it.

  • Predecessor Note of any particular Note means every previous Note evidencing all or a portion of the same debt as that evidenced by such particular Note; and, for the purposes of this definition, any Note authenticated and delivered under Section 2.06 in lieu of or in exchange for a mutilated, lost, destroyed or stolen Note shall be deemed to evidence the same debt as the mutilated, lost, destroyed or stolen Note that it replaces.

  • Central Time means Central Time as adjusted for daylight savings time.

  • Minimum Run Time For all generating units that are not combined cycle units, “Minimum Run Time” shall mean the minimum number of hours a unit must run, in real-time operations, from the time after generator breaker closure, which is typically indicated by telemetered or aggregated State Estimator megawatts greater than zero, to the time of generator breaker opening, as measured by PJM's State Estimator. For combined cycle units, “Minimum Run Time” shall mean the time period after the first combustion turbine generator breaker closure, which is typically indicated by telemetered or aggregated State Estimator megawatts greater than zero, and the last generator breaker opening as measured by PJM’s State Estimator.

  • Stated Expiration Date has the meaning specified in Section 3.05(d).

  • Predecessor Securities of any particular Security means every previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.06 in lieu of a lost, destroyed or stolen Security shall be deemed to evidence the same debt as the lost, destroyed or stolen Security.

  • Inception Date means in respect of a Fund, the first date on which the Fund issued shares.

  • Local Banking Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in the place of presentation of the relevant Covered Bond or, as the case may be, Coupon; and

  • Semi-Annual Record Date means the "Record Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions--Semi-Annual Distributions" in the Prospectus Part I for a Trust.

  • New York City Banking Day means any day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in New York City;

  • L/C Expiration Date means the day that is thirty days prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).