Document Closing definition
Examples of Document Closing in a sentence
Each of the Sponsor Parties and each other Investor shall have performed and complied in all material respects with all agreements and covenants required to be performed and complied with by such Party under the Transaction Documents at or prior to the Document Closing.
Each of the Title Companies shall be irrevocably committed to issue to Project Company, collectively as equal co-insurers, the Owner’s Title Policy, effective as of the Document Closing Date, insuring the Project Company’s interest in the Site, with full gap coverage in an amount no less than the maximum amount of the DOE Credit Facility.
Prior to the Document Closing, no Party shall become a Disqualified Person.
The Other Participation Agreements shall have been executed and delivered by the Parties thereto and the “Document Closings” described therein shall have occurred simultaneously with the Document Closing described herein.
Herndon shall not acquire, by subrogation, contract or otherwise, any lien, right or interest in the Property (excluding real estate tax liens that may be imposed by Herndon using its Governmental Authority) which is or maybe prior in right to the Deed of Trust or the other Loan Documents.
Each Party shall coordinate and cooperate with the other Parties in providing such information and supplying such assistance as may be reasonably requested by such other Party in connection with the consummation of the Document Closing Actions.
As of the Document Closing, all Required Insurance to be obtained and maintained for the Project pursuant to Section 6.3 of the Common Agreement is in full force and effect.
As of the Effective Date and through the period ending immediately prior to the Document Closing, (i) Sponsor Investor will own 100% of the issued and outstanding Equity Interests of Master Holdco, (ii) Master Holdco will own 100% of the issued and outstanding Equity Interests of Project Holdco, and (iii) Project Holdco will own 100% of the issued and outstanding Equity Interests of the Project Company.
Prior to the Document Closing, Sponsor shall cause the Project Entities to comply with all Governmental Rules and shall cause the Project Company to maintain its status as an Exempt Wholesale Generator.
Each of the representations and warranties of each Investor (other than Sponsor Investor) set forth in this Participation Agreement shall be true and correct in all material respects as of the Document Closing.