Examples of Exempt Refinancing in a sentence
Developer must notify IFA as soon as practicable of its interest in proceeding with a Refinancing and the proposed schedule for documenting and closing the proposed Refinancing other than an Exempt Refinancing.
If Developer believes the Refinancing is an Exempt Refinancing or Rescue Refinancing, it shall concurrently provide Notice to IFA that Developer considers the Refinancing to be an Exempt Refinancing or Rescue Refinancing.
Exempt Refinancing The defined terms referred to in limb (c)(vi) should follow those contained in the Senior Funding Agreements – the Initial Availability Period being the construction phase drawdown period.
The Department shall have up to [20] days to review and determine whether the proposed Refinancing (a) will result in a Refinancing Gain and (b) is an Exempt Refinancing, and, if applicable, select the means for payment of its portion of the Refinancing Gain.
Developer shall include in such Notice facts to support the basis on which Developer believes the Refinancing is an Exempt Refinancing or Rescue Refinancing.