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.
Financial Closing means (a) the execution and delivery of the Financing Documents between the Company and Lenders (with copies of the Financing Documents having been delivered to BPDB) that (together with equity commitments) evidence sufficient financing for the construction, testing, completion, and Commissioning of the Facility and evidence of commitments for such equity as is required by the Company to satisfy the requirements of the Lenders, (b) the satisfaction of all conditions precedent for the initial availability of funds under the Financing Documents; provided, that, with BPDB’s written approval, “Financial Closing” shall be deemed to have occurred upon the occurrence of (a) Construction Start, (b) delivery to BPDB of written assurance satisfactory to BPDB demonstrating that the Company has the financial resources available to it necessary to complete the construction of the Facility without interruption.
Financial Closing means the fulfillment of each of the following conditions:
Examples of Financial Closing in a sentence
Closing means Financial Closing and conveyance of the Project Property to the Developer as provided herein.
Lender grants to Borrower, upon the terms and subject to the conditions of this Agreement, a dollar Term Facility in an aggregate principal amount of US$ [insert amount agreed prior to Financial Closing Date].
Conveyance of the Project Property to the Developer as provided in the Purchase and Sale Agreement and as set forth herein shall denote that Financial Closing has already occurred.
Lender grants to Borrower, upon the terms and subject to the conditions of this Agreement, a dollar cost overrun facility in an aggregate principal amount of US$ [insert amount agreed prior to Financial Closing Date].
More Definitions of Financial Closing
Financial Closing means the signing of the Loan, and/or grant/subsidy Documents and the fulfilment of all conditions precedent to the initial availability of funds thereunder.
Financial Closing. – means (a) the execution and delivery of the Financing Documents between the Company and Lenders (with copies of the Financing Documents having been delivered to BPDB) that (together with equity commitments) evidence sufficient financing for the construction, testing, completion, and Commissioning of the Facility and evidence of commitments for such equity as is required by the Company to satisfy the requirements of the Lenders, and (b) the satisfaction of all conditions precedent for the initial availability of funds under the Financing Documents; provided, that, with BPDB’s written approval, “Financial Closing” shall be deemed to have occurred upon the occurrence of (a) Construction Start, (b) delivery to BPDB of written assurance satisfactory to BPDB demonstrating that the Company has the financial resources available to it necessary to complete the construction of the Facility without interruption, and (c) the delivery to BPDB of the Performance Security Deposit.
Financial Closing bears the meaning ascribed thereto in the Power Purchase Agreement; “Financial Closing Date” means the date on which the Financial Closing occurs;
Financial Closing bears the meaning ascribed thereto in Section 1 of the Power Purchase Agreement;
Financial Closing. The meaning ascribed thereto in the Implementation Agreement.
Financial Closing means when the Board determines, in its sole discretion, that the Company has closed on the debt and equity financing necessary to construct the Company’s proposed ethanol plant and provide working capital at plant start-up.