Project Financing Agreement definition
Examples of Project Financing Agreement in a sentence
In the event that the Collateral Agent or such designee or assignee exercise such right by notice to the Escrow Agent, as of the date of such assumption of benefits and obligations of the Developer hereunder, the Collateral Agent may, in connection with any default under any Project Financing Agreement, assign any rights assigned to it hereunder to any other entity.
The Guarantor shall provide updates in respect of material developments regarding cash or tax-equity-raising efforts directly or indirectly relating to the Guarantor (x) with respect to the Cohocton Project, as provided in Section 9.5 of the Cohocton Mini-Perm Financing Agreement, and (y) with respect to the Stetson I Project, as provided in Section 7.26 of the Stetson I Project Financing Agreement.
If the Department collects any such amounts held in trust, it will make them available for any of the purposes set forth above and, at the request of the Collateral Agent, deliver them to the Collateral Agent to be held and maintained (and distributed) in accordance with the terms hereof or any Project Financing Agreement, as applicable.
If the Developer makes any Distribution or payment to an Affiliate in violation of this Section 5.05(b), the same will be deemed to be held in trust by such Person for the benefit of the Department and the Collateral Agent, and will be payable to the Department or the Collateral Agent on demand to be held and maintained (and distributed) in accordance with the terms hereof or any Project Financing Agreement, as applicable.
In the event that the Collateral Agent or such designee or assignee exercise such right by notice to the Escrow Agent, as of the date of such assumption of benefits and obligations of the Concessionaire hereunder, the Collateral Agent may, in connection with any default under any Project Financing Agreement, assign any rights assigned to it hereunder to any other entity.