Delivery of Financing Documents; Evaluation of Principal Repayment Schedule Clause Samples

Delivery of Financing Documents; Evaluation of Principal Repayment Schedule. (a) The Company shall deliver to the GOB a schedule or a copy of a reference term sheet related to the Financing Documents setting forth a principal repayment schedule reasonably consistent with the Tariff, together with the maximum principal amounts and interest rate or rates, and any schedules or formulae that will be included in the Financing Documents for the computation of fees and charges payable to the Lenders upon the winding up for early termination of the loans under the Financing Documents not later than 45 (forty-five) Days prior to Financial Closing. The GOB may evaluate the principal repayment schedule and other principal financial terms to ensure that the other principal financial terms are consistent with the principal repayment schedule, and that the principal amount, principal repayment schedule and the interest rate are reasonably consistent with the Tariff and to evaluate the impact of the terms of the Financing Documents on the GOB’s obligations upon any termination of this Agreement. If the GOB has any objections to the terms specified in such term sheet or schedule, it shall inform the Company thereof within 15 (fifteen) Business Days of its receipt thereof; otherwise, it shall be deemed not to have objected to those terms, and the Company shall be entitled thereafter to execute Financing Documents containing those terms and a principal repayment schedule of the specified term or a shorter term without further notice to or approval by the GOB. Each loan agreement constituting part of the Financing Documents will provide that any liquidated damages received by the Company from its Construction Contractor for capacity or other testing shortfalls shall be used either to reduce the outstanding principal amount of debt under such loan agreement or in an effort to correct such shortfalls. The Company shall provide the GOB with a copy of the loan agreements executed on the date of the Financial Closing Date not later than 15 (fifteen) Business Days after Financial Closing. The Company shall provide the GOB and BPDB, the relevant document in support of at least 70% (seventy) of the Total Facility Cost as foreign investment. (b) The Company shall deliver to the GOB copies of all non-material amendments to the executed Financing Documents within 10 (ten) Days after the execution of each such document. The Company shall not execute any material amendment or modification related to the repayment of principal (including any refinancing or restruc...