Examples of Existing Facility Agreements in a sentence
The Borrower shall use the proceeds of each Advance solely (i) for the refinancing of the Financial Indebtedness under the Existing Facility Agreements (to the extent the Financial Indebtedness under such Existing Facility Agreement is outstanding on the relevant Drawdown Date) and (ii) for general corporate and working capital purposes.
The Borrower undertakes that each Existing Facility Agreement will be maintained on a stand alone basis with the Bank as an independent facility agreement each comprising an independent credit facility to the Borrower, and that the Borrower will not participate into any restructuring or rescheduling or any other amendments or similar arrangements with the relevant lenders of either of the Existing Facility Agreements without the Bank's prior written consent.
Provided however that, the Purchaser may (acting in its sole discretion) waive all or any of the Conditions Precedent either in whole or in part or make any of the Conditions Precedent a condition subsequent by giving a written notice to the Sellers (to the extent permissible under PPAs, Existing Facility Agreements and Applicable Law).
The parties shall thereafter negotiate in good faith regarding adoption of such Proposed Prices to be in effect during the proposed renewal term of this Agreement under the Existing Facility Agreements and New Facility Agreements.