Examples of Green Loan in a sentence
Neither the Administration Agent, the Green Loan Structuring Agent nor any Lender is bound to monitor or verify the application of any amount borrowed pursuant to this Agreement, including, without limitation, the monitoring of and/or verifying compliance with the Green Loan Principles.
The only consequence of any such failure is cessation of the Green Loan designation of the Facility, and thereafter the Green Loan Structuring Agent, Administrative Agent, the Lenders, and Borrower shall cease representing in all internal and external communications, marketing or publications that the Facility is a Green Loan.
The Green Loan Structuring Agent, acting in such capacity, shall have the duties customarily performed by such agents, provided that the Green Loan Structuring Agent shall not have any liabilities under this Agreement or otherwise in relation to the Eligible Green Projects.
Concurrently with the delivery of annual financial statements pursuant to Section 5.1(A)(i) until the Maturity Date and within reasonable time in the event of material developments, Borrower shall deliver to the Green Loan Structuring Agent the following reports: (i) an Allocation Reporting Letter and (ii) an Impact Reporting Letter, in each case, signed by an authorized officer of the Borrower and certified as being true and correct in all material respects to the Borrower’s knowledge.
Borrower hereby appoints ING Capital LLC to act as the Green Loan Structuring Agent, and the Lenders hereby acknowledge such appointment.