Examples of Financing Parties in a sentence
Both Parties agree in good faith to consider and to negotiate changes or additions to this Agreement that may be reasonably requested by the Financing Parties; provided, that such changes do not alter the fundamental economic terms of this Agreement.
In furtherance of the foregoing, MSEDCL acknowledges that the Financing Documents may provide that upon an event of default by the Solar Power Generator under the Financing Documents, the Financing Parties may cause the Solar Power Generator to assign to a third party the interests, rights and obligations of the Solar Power Generator thereafter arising under this Agreement.
MSEDCL further acknowledges that the Financing Parties, may, in addition to the exercise of their rights as set forth in this Section, cause the Solar Power Generator to sell or lease the Project and cause any new lessee or purchaser of the Project to assume all of the interests, rights and obligations of the Solar Power Generator thereafter arising under this Agreement.
Provided however, no approval is required from MSEDCL for the assignment by the Solar Power Generator of its rights herein to the Financing Parties and their successors and assigns in connection with any financing or refinancing related to the construction, operation and maintenance of the Project.
The Parties acknowledge that Seller may obtain construction and long-term financing or other credit support from one or more Financing Parties.