Financial Close 1B definition

Financial Close 1B means the date on which financing on terms reflected in the Financial Model, or such other terms as the Parties may agree, is made available to the Developer for the Phase 1B Construction Works becomes unconditional;
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Financial Close 1B means the date on which financing on terms reflected in the Financial Model, or such other terms as the Parties may agree, is made available to the Developer under the Phase 1B Financing Agreements for the financing of the Phase 1B Construction Works and the refinancing of the Developer Senior Phase 1A Initial Debt;
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Examples of Financial Close 1B in a sentence

  • Commencing on the date of Financial Close 1B, the Grantor shall execute the Phase 1B Land Documents and deliver each of the Phase 1B Sites to the Developer with vacant possession thereof for the purposes of implementing this Agreement on the dates set out in the delivery schedule agreed by the Grantor and the Developer and set forth in Schedule 8 (Land Delivery Schedule).

  • From Financial Close 1B, the Developer shall have the right and obligation at its cost, with due care and diligence and in accordance with Good Engineering and Operating Practices, to design, build, operate, partially finance and maintain Phase 1B of the Toll Road subject to and in accordance with the provisions of this Agreement.

  • Conditions Subsequent regarding Financial Close 1B In the event that the Phase 1B Commencement Notice has been issued and: d any of the FC1B Developer Conditions Subsequent have not been satisfied by the Developer or been waived by the Grantor; e any of the FC1B Grantor Conditions Subsequent have not been satisfied by the Grantor or been waived by the Developer; f any of the FC1B Joint Conditions Subsequent have not been satisfied or waived by both Parties Comment [ID19]: Slightly convoluted approach.

Related to Financial Close 1B

  • Financial Closing means the execution of the Financing Documents by all the parties thereto, and the fulfillment of all conditions precedent thereunder necessary to permit the advance of funds to pay amounts due under this Agreement.

  • Original Closing Date means the "Closing Date" as defined in the Existing Credit Agreement.

  • Closed season means all times, manners of taking, and places

  • Second Closing Date means the date of the Second Closing.

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.