Examples of OT Project in a sentence
The Co-Lending shall take the form of pari passu Senior Loans under Clause 7.1(a) of the CTA and will share pro rata in the security package for the OT Project Financing on the same terms as the other Senior Loans.
For purposes of this Section 16, “material” includes any amendment to the OT Project Financing Agreements where the Rio Tinto Lender is treated different than the other Senior Lenders and such amendment is adverse to the Rio Tinto Lender or any of other member of the Rio Tinto Group.
Funding from the Additional A Loans, Co-Lending, Equity Offering and Pro Rata Entitlement shall be applied in the following order of priority: (i) to pay all required fees, costs and expenses of the Re-profiling, Additional A Loans, Co-Lending and Equity Offering; (ii) to fund OT Project costs relating to underground and power, if applicable, (including the servicing of Senior Loans and the payment of interest and fees in relation thereto); and (iii) to fund TRQ’s general and administrative costs.
The parties reaffirm their desire for cooperation and alignment to enable the successful delivery of the OT Project.
The parties recognise the role of supplemental power being supplied to the OT Project by a renewables project (such as solar or wind) including with a consortium consisting of domestic investors and international developers with significant independent power producer (IPP) experience.
The Co-Lending shall be disbursed from time to time as OT LLC requires funding of OT Project costs upon satisfaction or waiver of the initial and subsequent conditions precedent with respect thereto as set forth in Schedules 2 and 3 of the CTA.
As with the Series A Warrants and the Series B Warrants, the Company has agreed to apply not less than 90% of the proceeds from the exercise of the Series C Warrants to fund expenditures in respect of the OT Project.
The Parties agree to support significant, transparent and meaningful engagement between them to support the OT Project and the socio-economic development of the Cooperation Area.
Except as permitted by this Agreement and subject to Section 26, TRQ shall not, directly or indirectly, seek or propose or engage in discussions regarding additional Senior Loans, bonds, streams, prepays or other similar instruments at TRQ or any of its subsidiaries (including OT LLC) or accommodation for same in the OT Project Financing Agreements.
The Co-Lending shall be disbursed initially as required to fully repay indirectly the Advance and thereafter from time to time as OT LLC requires funding of OT Project costs upon satisfaction or waiver of the initial and subsequent conditions precedent with respect thereto as set forth in Schedules 2 and 3 of the CTA.