Common use of Eligible Nominated Financing Clause in Contracts

Eligible Nominated Financing. Borrowers may from time to time request financing of a Nominated Financing by submitting to Administrative Agent an Underlying Financing Proposal Certificate substantially in the form of Exhibit A to Appendix 2A, B or C, as applicable, and including all reports, documents and information specified on Appendix 2A, B or C, as applicable, to be attached thereto, including the initial draft Underlying Financing Specification, and all other documents or information reasonably requested by Administrative Agent in connection with its Approval Process (a “Proposal Package”). Upon receipt of a Proposal Package, Administrative Agent may request additional documents or information that it reasonably determines is necessary for its review. If the Underlying Financing securing the Nominated Financing complies with the Underlying Financing Criteria (an “Eligible Nominated Financing”), Administrative Agent will, subject to Section 7.2.1, review and make a determination whether it approves or declines the financing of such Eligible Nominated Financing within 10 Business Days, subject to the extension set forth in this Section 7.1.1, after receipt of the complete Proposal Package for such Eligible Nominated Financing including all other documents or information reasonably requested by Administrative Agent in connection with its Approval Process (such 10 Business Day period, the “Decision Period”). Administrative Agent may, without notice, extend the Decision Period for a period of time up to ten (10) Business Days if Administrative Agent reasonably determines additional time is necessary to complete its review of such Eligible Nominated Financing due to the fact that the Underlying Borrower, Underlying Obligor or the type of Contract (as defined in Appendix 7) identified in the Proposal Package or the Underlying Financing Agreement in connection with the Underlying Project has not been previously reviewed and approved by Administrative Agent, Amended & Restated Loan Agreement (G&I) or such Underlying Borrower or Underlying Obligor does not have a published rating from either Xxxxx’x or S&P or technology or structural considerations. If the Decision Period, as may be extended as provided herein, with respect to a Nominated Financing has expired and Administrative Agent has not delivered a Notice of Approval with respect to such Nominated Financing, Administrative Agent shall be deemed to have declined to finance such Nominated Financing. The Administrative Agent will review no more than five (5) Proposal Packages at any one time.

Appears in 1 contract

Samples: Loan Agreement (Hannon Armstrong Sustainable Infrastructure Capital, Inc.)

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Eligible Nominated Financing. Borrowers may from time to time request financing of a Nominated Financing by submitting to Administrative Agent an Underlying Financing Proposal Certificate substantially in the form of Exhibit A to Appendix 2A, B or C, as applicable, and including all reports, documents and information specified on Appendix 2A, B or C, as applicable, to be attached thereto, including the initial draft Underlying Financing Specification, and all other documents or information reasonably requested by Administrative Agent in connection with its Approval Process (a “Proposal Package”). Upon receipt of a Proposal Package, Administrative Agent may request additional documents or information that it reasonably determines is necessary for its review. If the Underlying Financing securing the Nominated Financing complies with the Underlying Financing Criteria (an “Eligible Nominated Financing”), Administrative Agent will, subject to Section 7.2.1, review and make a determination whether it approves or declines the financing of such Eligible Nominated Financing within 10 Business Days, subject to the extension set forth in this Section 7.1.1, after receipt of the complete Proposal Package for such Eligible Nominated Financing including all other documents or information reasonably requested by Administrative Agent in connection with its Approval Process (such 10 Business Day period, the “Decision Period”). Administrative Agent may, without notice, extend the Decision Period for a period of time up to ten (10) Business Days if Administrative Agent reasonably determines additional time is necessary to complete its review of such Eligible Nominated Financing due to the fact that the Underlying Borrower, Underlying Obligor or the type of Contract (as defined in Appendix 7) identified in the Proposal Package or the Underlying Financing Agreement in connection with the Underlying Project has not been previously reviewed and approved by Administrative Agent, Amended & Restated Loan Agreement (G&I) or such Underlying Borrower or Underlying Obligor does not have a published rating from either Xxxxx’x or S&P or technology or structural considerations. If the Decision Period, as may be extended as provided herein, with respect to a Nominated Financing has expired and Administrative Agent has not delivered a Notice of Approval with respect to such Nominated Financing, Administrative Agent shall be deemed to have declined to finance such Nominated Financing. The Administrative Agent will review no more than five (5) Proposal Packages at any one time.

Appears in 1 contract

Samples: Loan Agreement (Hannon Armstrong Sustainable Infrastructure Capital, Inc.)

Eligible Nominated Financing. Borrowers may from time to time request financing of a Nominated Financing by submitting to Administrative Agent an Underlying Financing Proposal Certificate substantially in the form of Exhibit A to Appendix 2A, B or C, as applicable, 2 and including all reports, documents and information specified on Appendix 2A, B or C, as applicable, 2 to be attached thereto, including the initial draft Underlying Financing Specification, and all other documents or information reasonably requested by Administrative Agent in connection with its Approval Process (a “Proposal Package”). Upon receipt of a Proposal Package, Administrative Agent may request additional documents or information that it reasonably determines is necessary for its review. If the Underlying Financing securing the Nominated Financing complies with the Underlying Financing Criteria (an “Eligible Nominated Financing”), Administrative Agent will, subject to Section 7.2.1, review and make a determination whether it approves or declines the financing of such Eligible Nominated Financing within 10 20 Business Days, subject to the extension set forth in this Section 7.1.1, after receipt of the complete Proposal Package for such Eligible Nominated Financing including all other documents or information reasonably requested by Administrative Agent in connection with its Approval Process (such 10 20 Business Day period, the “Decision Period”). Administrative Agent may, without notice, extend the Decision Period for a period of time up to ten (10) Business Days if Administrative Agent reasonably determines additional time is necessary to complete its review of such Eligible Nominated Financing due to the fact that the Underlying Borrower, Underlying Obligor or the type of Contract (as defined in Appendix 7) identified in the Proposal Package or the Underlying Financing Agreement in connection with the Underlying Project has not been previously reviewed and approved by Administrative Agent, Amended & Restated Loan Agreement (G&I) or such Underlying Borrower or Underlying Obligor does not have a published rating from either Xxxxx’x or S&P or technology or structural considerations. If the Decision Period, as may be extended as provided herein, with respect to a Nominated Financing has expired and Administrative Agent has not delivered a Notice of Approval with respect to such Nominated Financing, Administrative Agent shall be deemed to have declined to finance such Nominated Financing. The Administrative Agent will review no more than five two (52) Proposal Packages at any one time.

Appears in 1 contract

Samples: Loan Agreement (Hannon Armstrong Sustainable Infrastructure Capital, Inc.)

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Eligible Nominated Financing. Borrowers may from time to time request financing of a Nominated Financing by submitting to Administrative Agent an Underlying Financing Proposal Certificate substantially in the form of Exhibit A to Appendix 2A, B or C, as applicable, 2 and including all reports, documents and information specified on Appendix 2A, B or C, as applicable, 2 to be attached thereto, including the initial draft Underlying Financing Specification, and all other documents or information reasonably requested by Administrative Agent in connection with its Approval Amended & Restated Loan Agreement (PF) Process (a “Proposal Package”). Upon receipt of a Proposal Package, Administrative Agent may request additional documents or information that it reasonably determines is necessary for its review. If the Underlying Financing securing the Nominated Financing complies with the Underlying Financing Criteria (an “Eligible Nominated Financing”), Administrative Agent will, subject to Section 7.2.1, review and make a determination whether it approves or declines the financing of such Eligible Nominated Financing within 10 20 Business Days, subject to the extension set forth in this Section 7.1.1, after receipt of the complete Proposal Package for such Eligible Nominated Financing including all other documents or information reasonably requested by Administrative Agent in connection with its Approval Process (such 10 20 Business Day period, the “Decision Period”). Administrative Agent may, without notice, extend the Decision Period for a period of time up to ten (10) Business Days if Administrative Agent reasonably determines additional time is necessary to complete its review of such Eligible Nominated Financing due to the fact that the Underlying Borrower, Underlying Obligor or the type of Contract (as defined in Appendix 7) identified in the Proposal Package or the Underlying Financing Agreement in connection with the Underlying Project has not been previously reviewed and approved by Administrative Agent, Amended & Restated Loan Agreement (G&I) or such Underlying Borrower or Underlying Obligor does not have a published rating from either Xxxxx’x or Moodx’x xx S&P or technology or structural considerations. If the Decision Period, as may be extended as provided herein, with respect to a Nominated Financing has expired and Administrative Agent has not delivered a Notice of Approval with respect to such Nominated Financing, Administrative Agent shall be deemed to have declined to finance such Nominated Financing. The Administrative Agent will review no more than five two (52) Proposal Packages at any one time.

Appears in 1 contract

Samples: Loan Agreement (Hannon Armstrong Sustainable Infrastructure Capital, Inc.)

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