Project Financing Deadline definition

Project Financing Deadline means the original Financial Close deadline set forth in Section 1.6.3 of the ITP, as such deadline may be extended pursuant to Section 3.3.1.
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Examples of Project Financing Deadline in a sentence

  • Developer's right to extend the Project Financing Deadline under clauses (a) and (b) is conditioned upon Developer extending the expiration of the Financial Option Security so that at all times the Financial Option Security is valid for a period that is at least 10 days beyond the Project Financing Deadline (as extended).

  • If the Project Financing Deadline is extended pursuant to Section 3.3.1(d) (discretionary extension) and such extension was not initiated by TxDOT, TxDOT will not bear any of the risk or have any of the benefit of the impact of changes described in Section 3.6.1(a) (either for Benchmark Rates or credit spreads) for the period of such extension.

  • Subject to Section 3.4.4, Developer or TxDOT may terminate this Agreement pursuant to Section 31.6 (or Section 31.5.1, as applicable) if Financial Close does not occur by the Project Financing Deadline and such failure is directly attributable to the circumstances described in clauses (a)-(i) of Section 3.4.2. Such termination shall be without fault, Claim, penalty or Termination Compensation, other than the Termination Compensation expressly set out in Section 31.6.3 (or Section 31.5.3, as applicable).

  • If the Project Financing Deadline is extended pursuant to Section 3.3.1(c) (second 30-day extension), TxDOT will bear the risk and have the benefit of only 50% of the risk and benefit otherwise allocated to TxDOT for the period of such extension (i.e., during such period, TxDOT will bear 50% of the impact of changes in Benchmark Rates and 37.5% of the impact of changes in credit spreads).

  • The failure to achieve Financial Close by the Project Financing Deadline, unless such failure is directly attributable to any of the circumstances described in Section 3.4.2, shall be considered a Developer Default (for which TxDOT may give notice and seek liquidated damage and termination remedies under Section 29.5.6 and terminate this Agreement under Section 31.3.1).

  • For the purposes of this Section 3.6.1, the “last date of the market interest rate adjustment period” means the earlier of 10:00 a.m. on the interest rate commitment date or 10:00 a.m. on the Project Financing Deadline (as may be extended); and “interest rate commitment date” means the date on which the interest rate is set for each respective debt instrument protected by this Section 3.6.1(a).

Related to Project Financing Deadline

  • Permitted Junior Priority Refinancing Debt means secured Indebtedness incurred by the Borrower in the form of one or more series of second lien (or other junior lien) secured notes or debentures or second lien (or other junior lien) secured loans; provided that (i) such Indebtedness is secured by all or a portion of the Collateral on a second priority (or other junior priority) basis to the Liens securing the Obligations and any other First Lien Obligations and is not secured by any property or assets of Holdings, the Borrower or any Restricted Subsidiary other than the Collateral, (ii) such Indebtedness satisfies the applicable requirements set forth in the provisos in the definition of “Credit Agreement Refinancing Indebtedness” (provided that such Indebtedness may be secured by a Lien on the Collateral that is junior to the Liens securing the Obligations and any other First Lien Obligations, notwithstanding any provision to the contrary contained in the definition of “Credit Agreement Refinancing Indebtedness”), (iii) the holders of such Indebtedness (or their representative) and the Administrative Agent and/or the Collateral Agent shall be party to a Customary Intercreditor Agreement, and (iv) such Indebtedness is not at any time guaranteed by any Subsidiaries of the Borrower other than Subsidiaries that are Guarantors.

  • Filing Deadline As defined in Sections 3(a) and 4(a) hereof.

  • Dealing Deadline means in relation to a Fund, such time on any Dealing Day as shall be specified in the relevant Supplement for the Fund.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Closing Date Refinancing means the repayment, repurchase, redemption, defeasance or other discharge of the Existing Debt Facility and termination and/or release of any security interests and guarantees in connection therewith.