Refinancing definition
Examples of Refinancing in a sentence
Concurrently with delivering to TxDOT draft proposed Funding Agreements and Security Documents in connection with any such Refinancing, Developer shall also deliver to TxDOT Developer’s calculation of the anticipated Refinancing Gain, if any, together with any back-up documentation for its calculation.
TxDOT shall have no obligations or liabilities in connection with any Refinancing except for the rights, benefits and protections set forth in the Lenders’ Direct Agreement (but only if the Refinancing satisfies the conditions and limitations set forth in Section 2.1 of the Lenders’ Direct Agreement).
Developer shall pay to TxDOT 50% of any Refinancing Gain from a Refinancing.
TxDOT shall provide Developer an invoice for such costs within 30 days of receipt of notice of the Refinancing Gain.
On the 2021 Effective Date (after giving effect to the funding of the 2021 Refinancing Term B Loans (as defined in the 2021 Incremental Assumption and Amendment Agreement) to be made on such date), the 2021 Refinancing Term B Loan Commitments (as defined in the 2021 Incremental Assumption and Amendment Agreement) of each Lender as of the 2021 Effective Date will terminate.