Examples of OFID Loan Agreement in a sentence
For the avoidance of doubt, (a) OFID shall not be deemed to have waived compliance with any provision of, or covenants under, the OFID Loan Agreement or any other Transaction Document, including with respect to the Current Events of Default and (b) the foregoing reservation of rights does not negate the Forbearance during the term of the Forbearance Period as specifically provided in this Agreement.
The Borrower shall sign the OFID Loan Agreement within 6 months of the Effective Date.
The Borrowers and OFID agree and acknowledge that this Agreement shall constitute a Transaction Document for purposes of the OFID Loan Agreement and each other Transaction Document.
The provisions of this Agreement are not intended to be, nor shall they be construed or deemed to be, a cure, satisfaction, reinstatement, novation, or release of any of the obligations of any Borrower or any other Obligor under the OFID Loan Agreement or any other Transaction Document, or of any prior, existing, or future default or acceleration right thereunder, including with respect to the Current Events of Default.
In the unforeseen event that OFID does not provide the OFID Loan, the Borrower shall take all necessary and appropriate steps to make available an alternative source of cofinancing required for timely and effective completion of the Project, and the references herein to OFID, the OFID Loan, and the OFID Loan Agreement shall be read to refer, respectively, to such alternative source(s), the cofinancing provided by such source(s), and the agreement(s) under which such source(s) provide(s) such cofinancing.
Notwithstanding any other provision of this Loan Agreement, no withdrawals shall be made from the Loan Account for Category 1 expenditures until the OFID Loan Agreement shall have been duly executed and delivered and all conditions precedent to its effectiveness, other than a condition requiring the effectiveness of this Loan Agreement, shall have been fulfilled.
The provisions of this Agreement are not intended to be, nor shall they be construed or deemed to be, a cure, satisfaction, reinstatement, novation, or release of any of the obligations of any Obligor under the OFID Loan Agreement or any other Transaction Document, or of any prior, existing, or future default or acceleration right thereunder, including with respect to the Current Events of Default.
Capitalized terms used in this Agreement and not otherwise defined herein shall have the respective meanings (assigned to such terms in the OFID Loan Agreement).
The Borrower and OFID agree and acknowledge that this Agreement shall constitute a Transaction Document for purposes of the OFID Loan Agreement and each other Transaction Document.
The following is specified as an additional condition to the effectiveness of this Loan Agreement for the purpose of Section 10.01(f) of the Loan Regulations: the OFID Loan Agreement shall have been duly executed and delivered on behalf of the Borrower, and all conditions precedent to the effectiveness of such Loan Agreement (other than a condition requiring the effectiveness of this Loan Agreement) shall have been fulfilled.