Financing Institution definition
Examples of Financing Institution in a sentence
Financing Institution shall also be entitled to exercise all rights and remedies of secured parties generally with respect to this Agreement and the System.
Utility consents to the security assignment by Owner to the Financing Institution of this Agreement, and a transfer of the Owner’s right, title and interest in and to the System to the Financing Institution, provided that such assignment shall not relieve the Owner of its obligations hereunder.
Nothing herein requires the Financing Institution to cure any default of Owner under this Agreement or (unless the Financing Institution has succeeded to Owner's interests under this Agreement) to perform any act, duty or obligation of Owner under this Agreement, but Utility hereby gives it the option to do so.
Utilities consents to the security assignment by Owner to the Financing Institution of this Agreement, and a transfer of the Owner’s right, title and interest in and to the System to the Financing Institution, provided that such assignment shall not relieve the Owner of its obligations hereunder.
Nothing herein requires the Financing Institution to cure any default of Owner under this Agreement or (unless the Financing Institution has succeeded to Owner’s interests under this Agreement) to perform any act, duty or obligation of Owner under this Agreement, but Utilities hereby gives it the option to do so.
Any financing agreement between Financing Institution/ Bank and the Allottee shall be entered into by the Allottee at its sole cost, expense, liability, risk and consequences.
The Financing Institution, as collateral assignee, shall be entitled to exercise, in the place and stead of Owner, any and all rights and remedies of Owner under this Agreement in accordance with the terms of this Agreement.
Upon delivery of the executed Assignment Agreement to the Administrative Agent, such selling Financing Institution shall be released from its obligations hereunder to the extent of such assignment.
The Beneficiary shall be obliged to submit a final report to the Regional Financing Institution within 25 days from the date of completion of the period specified in Section 3 paragraph 1.
The Purchaser shall be at liberty to obtain loan for purchasing the Composite Unit and for that purpose mortgage, charge or encumber the Composite Unit in favour of any Financing Institution provided however all payments are made directly to the Developer in adjustment of the Total Payable Amount and further that the Developer shall not have any liability to such Financing Institution.