Examples of WIFIA Loan Agreement in a sentence
Any such amendment shall be reflected in a revised Exhibit B to the WIFIA Loan Agreement.
If such funds have not been so paid on the prepayment date, such principal amount of such WIFIA Loan shall continue to bear interest until payment thereof at the rate provided in the applicable WIFIA Loan Agreement.
The term of each WIFIA Loan shall extend from the applicable WIFIA Loan Agreement Effective Date to the Final Maturity Date of such WIFIA Loan or to such earlier date as all amounts due or to become due to the WIFIA Lender under such WIFIA Loan Agreement have been irrevocably paid in full in immediately available funds.
As of any WIFIA Loan Agreement Effective Date, (i) the corresponding WIFIA Loan has received an Investment Grade Rating from at least two (2) Nationally Recognized Rating Agencies (including at least one (1) public Investment Grade Rating), (ii) written evidence of such ratings has been provided to the WIFIA Lender, and (iii) no such rating has been reduced to a rating below Investment Grade, revoked, withdrawn or suspended.
Any additional Event of Default specified in a WIFIA Loan Agreement occurs.
Each principal payment shall equal the product of the Outstanding WIFIA Loan Balance of the applicable WIFIA Loan as of the Final Disbursement Date thereof multiplied by the percentage set forth for such corresponding Principal Payment Date in Exhibit B (WIFIA Debt Service) attached to the applicable WIFIA Loan Agreement, and shall be calculated in such a manner that the applicable Outstanding WIFIA Loan Balance shall be reduced to $0 on the Final Maturity Date with respect to such WIFIA Loan.
The Borrower’s notice shall demonstrate that the proposed increase is consistent with the provisions of this Agreement and the applicable WIFIA Loan Agreement, is necessary or beneficial to such Project, does not materially impair the WIFIA Lender’s security or the Borrower’s ability to comply with its obligations under the Related Documents (including any financial ratios or covenants included therein), and could not reasonably be expected to result in a Material Adverse Effect.
The Borrower shall fail to pay when due any principal of, or interest on, any WIFIA Loan when and as the payment thereof shall be required under this Agreement (including Section 8 (Payment of Principal and Interest)), any WIFIA Loan Agreement, any WIFIA Bond or on any Final Maturity Date (each such failure, a “Payment Default”) and such failure continues for a period of five (5) days.
As of any WIFIA Loan Agreement Effective Date, attached as Schedule 12(n) (Construction Contracts) to the applicable WIFIA Loan Agreement is a list of (i) the Existing Construction Contracts, each of which is in full force and effect, and (ii) all Additional Construction Contracts that are expected to be entered into, in each case with respect to the corresponding Project.
As of the Effective Date and as of each WIFIA Loan Agreement Effective Date, the officers of the Borrower executing (or that previously executed) the Related Documents, and any certifications or instruments related thereto, are (or were at the time of such execution) duly and properly in office and fully authorized to execute the same.