Financial Close Security definition

Financial Close Security means the bond or letter of credit as described in ITP Section 6.7.
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Financial Close Security means the Proposal Security (as defined in the ITP) in the amount of
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Financial Close Security means the security described in ITP Section 6.6.
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Examples of Financial Close Security in a sentence

  • Provisions addressing the forfeiture or return of the Financial Close Security are set forth in the PPA.

  • Upon Financial Close being successfully achieved in accordance with the terms of this Agreement, the Department will return the Financial Close Security to the Developer within two Business Days of Financial Close.

  • Within two Business Days after the date of Financial Close and payment of any Concession Payment, TxDOT shall return to Developer the original of the Financial Close Security.

  • At such time as IFA receives the Financial Close Security from the Preferred Proposer, the Preferred Proposer’s Proposal Security shall be returned to it.

  • Such termination shall be without fault, Claim, penalty or Termination Compensation, other than the Termination Compensation expressly set out in Section 31.6.3. Upon such termination, all the CDA Documents and the Independent Engineer Agreement shall be deemed terminated (except for provisions of this Agreement that survive termination), and TxDOT shall promptly return to Developer the original of the Financial Close Security).

  • Potential forfeiture and return of Financial Close Security is addressed in the CA.Except for any Proposal Security which has been forfeited, the Proposal Security as to each unsuccessful Proposer will be returned to the respective Proposers upon the earliest to occur of: (i) the end of the 210-day Proposal validity period; (ii) Commercial Close; and (iii) cancellation of the procurement by NCDOT.

  • If the Preferred Proposer’s Proposal Security or Financial Close Security is drawn by the Enterprises any amounts received shall be allocated between BE and CDOT.

  • The Department will have the right to draw on the NEXT Financial Close Security after the NEXT Financial Close Deadline.

  • The Department will have the right to draw on the 395 Financial Close Security after June 19, 2017, unless on or before June 19, 2017 the Concessionaire delivers to the Department a new 395 Financial Close Security, or extends the already-delivered 395 Financial Close Security, with an expiry date no earlier than September 15, 2017.

  • The Department will return the Final Proposal Security within two Business Days upon receipt of the 395 Financial Close Security.


More Definitions of Financial Close Security

Financial Close Security means the Proposal Security (as defined in the ITP) in the amount of $30,000,000 provided by Developer to TxDOT under Section 3.3 of Exhibit B to the ITP.
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Financial Close Security has the meaning set forth in Section 6.1 (Financial Close Security).
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Financial Close Security means the one or more letters of credit required of the Developer pursuant to Section 5.3 (Financial Close Security) as security for the achievement of Financial Close in the form set forth in Transaction Form A (Financial Close Security).
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Financial Close Security means the security of that name provided in accordance with the RFP having an expiry date 74 days after the Financial Close Deadline Date.
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Related to Financial Close Security

  • Financial Close means the Capacity Market Seller has demonstrated that the Capacity Market Seller or its agent has completed the act of executing the material contracts and/or other documents necessary to (1) authorize construction of the project and (2) establish the necessary funding for the project under the control of an independent third-party entity. A sworn, notarized certification of an independent engineer certifying to such facts, and that the engineer has personal knowledge of, or has engaged in a diligent inquiry to determine, such facts, shall be sufficient to make such demonstration. For resources that do not have external financing, Financial Close shall mean the project has full funding available, and that the project has been duly authorized to proceed with full construction of the material portions of the project by the appropriate governing body of the company funding such project. A sworn, notarized certification by an officer of such company certifying to such facts, and that the officer has personal knowledge of, or has engaged in a diligent inquiry to determine, such facts, shall be sufficient to make such demonstration.

  • Informed Financial Consent means the medical provider advises you of any out-of-pocket costs before your admission. This is called Informed Financial Consent.

  • Financial Intelligence Unit means the Financial Intelligence Unit established under section 9(1) of the Financial Intelligence and Anti-Money Laundering Act;

  • Securities Financing Transactions Regulation means Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012;

  • Investment Canada Act means the Investment Canada Act (Canada);

  • Financial Interest means either: