Examples of Independent Market Consultant in a sentence
If the Recourse Debt is to be incurred by the Borrower with respect to a generating facility in a market with respect to which the Independent Market Consultant has previously provided a report, including a market forecast, the Market Forecast to be delivered by the Independent Market Consultant shall be an update of the market forecast contained in the most recent report of the Independent Market Consultant with respect to such market.
If the Recourse Debt is to be incurred by the Borrower with respect to a generating facility in a market with respect to which the Independent Market Consultant has not previously provided a report, including a market forecast, the Market Forecast to be delivered by the Independent Market Consultant shall be contained in a new report of the Independent Market Consultant with respect to such market.
Notwithstanding the foregoing, the projections in clause (y)(A) above need not be prepared on the basis of an updated Market Forecast by the Independent Market Consultant (but may be prepared on the basis of market forecasts made by the Borrower at such time) for incurrences of Recourse Debt which do not exceed either (1) $100,000,000 per incurrence or (2) $150,000,000 within any 12-month period.
In addition, the Independent Market Consultant shall provide a bring-down certificate in respect of such report, dated the Closing Date, to the effect that no act, event or condition has occurred since the date of the report that adversely affects the information and conclusions set forth therein and entitling the Administrative Agent to rely upon the findings of the Independent Market Consultant as set forth in the report.
A recent report of the Independent Market Consultant, in form and substance satisfactory to the Administrative Agent and the Lenders providing a forecast of commodity prices, including Feedstock, Biodiesel and methanol prices, for the Project.