Grantor Working Capital Reserve Agreement means the Agreement between the Grantor and the Developer dated as of Early Financial Close under which the Grantor agrees to provide a working capital facility to the Developer of up to [AMOUNT AND CURRENCY] from Early Financial Close and up to [AMOUNT AND CURRENCY] from Financial Close 1A on terms which are subordinated by the Intercreditor Agreement to the rights of the Lenders under the Financing Agreements;
Grantor Working Capital Reserve Agreement means the Agreement between the Grantor and the Developer dated as of Early Financial Close under which the Grantor agrees to provide a working capital facility to the Developer of up to US$3,500,000 from Early Financial Close and up to US$10,000,000 from Financial Close 1A on terms which are subordinated by the Subordination Agreement to the rights of the Lenders under the Financing Agreements and which shall be terminated on or about the Financial Close 1B;
Examples of Grantor Working Capital Reserve Agreement in a sentence
Should a payment of a loan under the GPD Loan Agreement, the Grantor Working Capital Reserve Agreement or the NROCC Funding Agreement be delayed, the Developer shall have the right to suspend the Construction Works for so long as the payment remains outstanding, after providing five (5) Business Days prior written notice.
Should a payment of a loan under the GPD Loan Agreement or the Grantor Working Capital Reserve Agreement be delayed, the Developer shall have the right to suspend the Construction Works for so long as the payment remains outstanding, after providing five (5) Business Days prior written notice.