Nominated Financing definition
Examples of Nominated Financing in a sentence
Any Advance shall be made only for Nominated Financings that Administrative Agent has approved in its sole discretion (each such Nominated Financing approved by Administrative Agent, an “Approved Financing”).
If the Decision Period, as may be extended as provided herein, with respect to a Nominated Financing has expired and Administrative Agent has not delivered a Notice of Approval with respect to such Nominated Financing, Administrative Agent shall be deemed to have declined to finance such Nominated Financing.
With respect to any Eligible Nominated Financing, Administrative Agent agrees to use reasonable efforts (i) to minimize duplication of due diligence review and analysis previously conducted by the Origination Company (including access to its third party consultants and experts) with respect to such Eligible Nominated Financing and (ii) to notify Borrower Agent if additional Agent Professionals will be retained by Administrative Agent for the review and analysis of such Eligible Nominated Financing.
The availability of the Commitment for any Nominated Financing shall be subject to due diligence, credit and other reviews and analysis by Administrative Agent and Agent Professionals and the written approval by Administrative Agent in its sole discretion (the “Approval Process”).
Administrative Agent shall endeavor to notify Borrower Agent within five (5) Business Days whether Administrative Agent will agree or decline to review and diligence the Proposed Nominated Financing for potential financing under this Loan Facility.
Borrower Agent shall propose an Applicable Valuation Percentage for such Proposed Nominated Financing and may request that the Lenders waive certain Underlying Financing Criteria with respect to such Proposed Nominated Financing.
Borrower Agent may from time to time request financing of a Nominated Financing that does not meet the requirements of an Eligible Nominated Financing by delivering a written request to Administrative Agent (each, a “Proposed Nominated Financing”).
Borrower Agent may from time to time request financing of a Nominated Financing that does not meet the requirements of an Eligible Nominated Financing (including, without limitation, a financing request in respect of a project other than solar or wind) by delivering a written request to Administrative Agent (each, a “Proposed Nominated Financing”).
The approval by the Super-Majority Lenders of a Proposed Nominated Financing will be confirmed by a written notice from Administrative Agent to Borrower Agent, which shall be evidenced by Administrative Agent’s signature of the applicable Underlying Financing Specification.
If Administrative Agent agrees to review and diligence the Proposed Nominated Financing (such review at all times subject to Section 7.2.1), Borrower Agent shall present to Administrative Agent a complete Proposal Package, including all reports, documents and information specified on Appendix 2 and all other documents and information requested by Administrative Agent.