Project Financing Recognition Agreement definition

Project Financing Recognition Agreement means an agreement between ACC and any Project Finance Lender, pursuant to which (a) ACC recognizes the rights of such Project Finance Lender pursuant to the Loan Documents, and (b) ACC recognizes certain rights of the Project Finance Lender pursuant to this Agreement and agrees on the conditions that must arise, and the steps that must be taken, in order for ACC to take certain actions under this Agreement.

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Project Financing Recognition Agreement means an agreement between the City and/or DDA and any Project Finance Lender, pursuant to which (a) the City recognizes the rights of such Project Finance Lender pursuant to the Loan Documents, and (b) the City and/or DDA recognizes certain rights of the Project Finance Lender pursuant to this Agreement and agrees on the conditions that must arise, and the steps that must be taken, in order for the City and/or DDA to take certain actions under this Agreement.

Project Financing Recognition Agreement means an agreement between the City and/or Invest Atlanta and any Project Finance Lender, pursuant to which (a) the City recognizes the rights of such Project Finance Lender pursuant to the Loan Documents, and (b) the City and/or Invest Atlanta recognizes certain rights of the Project Finance Lender pursuant to this Agreement and agrees on the conditions that must arise, and the steps that must be taken, in order for the City and/or Invest Atlanta to take certain actions under this Agreement.

Examples of Project Financing Recognition Agreement in a sentence

Upon the request of Owner or any Project Finance Lender from time to time, ACC shall promptly and in good faith negotiate, execute and deliver any requested Project Financing Recognition Agreement that is customary and reasonable for the transaction involving the Project.
A requested Project Financing Recognition Agreement that is substantially in the form attached hereto as Exhibit BExhibit B shall meet the definition of customary and reasonable for the purpose of this Section.
Upon the request of Owner or any Project Finance Lender from time to time, the City and DDA shall promptly and in good faith negotiate, execute and deliver any requested Project Financing Recognition Agreement that is customary and reasonable for the transaction involving the Project.
Any requested Project Financing Recognition Agreement that is not customary and reasonable will be subject to legislative or board approval (if necessary and as the case may be).