Examples of Financial Close Target Date in a sentence
Subject to Sections 2.4 and 2.5, Hospital agrees to execute and deliver all of the Implementing Agreements on or before the Financial Close Target Date.
Contractor shall obtain and deliver to Project Co the Bonds on or before the Financial Close Target Date and shall provide satisfactory evidence with respect thereto to Project Co on or before the Financial Close Target Date.
The Contracting Parties Conditions are for the sole benefit of the Contracting Parties and may be waived in whole or in part by the Contracting Parties by written notice to Hospital on or before the Financial Close Target Date.
For greater certainty, Hospital will promptly return the Bid Security to Project Co if Financial Close is not achieved on or before the Financial Close Target Date (as such date may be extended by Hospital in its sole and absolute discretion upon the request of Project Co) as a result of circumstances other than those which entitle Hospital to draw on the Bid Security in accordance with the provisions of this Section 2.4(a).
Upon request, and in any event at least fifteen (15) days prior to the Financial Close Target Date, Project Co shall provide a written report to Hospital detailing the status of the progress in satisfying the Lender Condition.
Upon request, and in any event at least 15 days prior to the Financial Close Target Date, Project Co shall provide a written report to Owner detailing the status of the progress in satisfying the Lender Condition.
For greater certainty, Owner will promptly return the Bid Security to Project Co if Financial Close is not achieved on or before the Financial Close Target Date (as such date may be extended by Owner in its Sole Discretion upon the request of Project Co) as a result of circumstances other than those which entitle Owner to draw on the Bid Security in accordance with the provisions of this Section 2.4(a).
Subject to Section 2.4(b) of the Project Agreement, if, for any reason, a Selected Bidder and the Lender, as applicable, fail to execute the Implementing Agreements on or before Financial Close Target Date, the Sponsors may exercise their rights including, but not limited to, the rights as set out in Section 15.16 of the RFP.
The execution of the Final Project Agreement by the Preferred Proponent is a commitment to complete the Project at the Guaranteed Price subject only to adjustment of the Interest Reference Rate as set out in Section 2.6 of the Project Agreement and to non-satisfaction of the “Lender Conditions” as set out in Section 2.4(b) of the Project Agreement whether or not Financial Close is achieved by the Financial Close Target Date (as defined below).
Subject to Sections 2.4 and 2.6, each of Project Co and Contractor agrees to execute and deliver all of the Implementing Agreements to which it is a party and Project Co agrees to complete the Financing and to enter into the Lending Agreements on or before the Financial Close Target Date.