Examples of Financial Monitoring Agreement in a sentence
The Trustee shall take such actions with respect to the Assigned Documents, the Servicing Agreement and the Financial Monitoring Agreement only at the direction (and subject to the Trustee’s right to indemnity), of the Significant Bondholder, if any, or the Owners of a majority in aggregate principal amount of the Bonds then Outstanding.
The Trustee is also a party to the Servicing Agreement and Financial Monitoring Agreement relating to the Bonds.
Proceeds from the sale of the Bonds, the Borrower Contribution and the Issuer Loan shall be used for the purpose of paying Project Costs in accordance with the procedures stated in this Indenture, the Financial Monitoring Agreement, the Servicing Agreement and the Loan Agreement.
Proceeds from the sale of the Bonds and the Borrower Contribution shall be used for the purpose of paying Project Costs in accordance with the procedures stated in this Indenture, the Financial Monitoring Agreement, the Servicing Agreement and the Loan Agreement.
The Applicant will be required to enter into the Authority’s form of the following transaction documents: Land Use Restriction AgreementCompliance Monitoring Agreement with Authority Compliance Monitor Construction Loan Servicing Agreement with Authority Servicer Financial Monitoring Agreement with Authority Financial Monitor The Applicant will be required to provide the Authority’s forms of the following guarantees by guarantors recommended by the credit underwriter.
Notwithstanding any provision herein, the Trustee is hereby authorized to follow the directions of the Servicer, the Financial Monitor and the Initial Purchaser, and rely on the approvals and consents of the Servicer, the Financial Monitor and the Initial Purchaser, given in compliance with the requirements of the Servicing Agreement and Financial Monitoring Agreement.
The forms of the Compliance Monitoring Agreement, Financial Monitoring Agreement, and the Servicing Agreement attached hereto as EXHIBITS G, H, and I, respectively, are hereby approved.
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