External Financing. The Parties recognize this Contract may be financed through external sources. Contractor shall provide to any Financing Entity any program information that such Financing Entity reasonably requires (subject to confidentiality agreements governing such program information).
External Financing. Unless Investor elects to participate in the Qualifying Capital transaction relating to the Qualifying Investment under Section 2.2 and complies (and continues to comply) with the terms of any letter of intent relating thereto (or to the extent Investor does not participate in such financing in full), the Company may pursue such Qualifying Investment, including obtaining the Qualifying Capital from third party sources, on such terms as the Company deems appropriate; provided, that the terms of such Qualifying Capital transaction is not materially more favorable to the financing sources or investors than the Transaction Terms. If the Qualifying Investment is not consummated within 90 calendar days after expiration of the Exercise Period, then the restrictions provided for herein shall again become effective, and no Qualifying Investment may be made thereafter by the Company without again offering the right to participate in Qualifying Capital transaction relating thereto to Investor in accordance with the terms of this Agreement.
External Financing. Tenant may seek private or other governmental sources of funding to meet its operating and maintenance obligations hereunder and/or to fund any capital improvement projects it elects to undertake. Commission will work in good faith with Tenant to assist with such efforts and will consider the use of security interests or finance contracts deemed necessary and appropriate for such funding. In addition, Tenant shall be permitted to utilize federal tax credits in support of the development of the Campus, specifically including providing for an optional structure involving requisite tax credit entities. Although such structure may involve security interests in Tenant’s improvements and leasehold interest, no such deed of trust or other financing encumbrance may attach to the Campus.
External Financing. 3.2.1 The Funding and Financing Plan includes requirements for funding from sources not wholly within the control of the Parties, including formation of the LIDs referred to in Section 5.2.5. PDC, NMI, RCI, Block 39 and OHSU, individually or collectively, agree to diligently pursue reasonable funding from non-local public sources, including federal and state allocations, private foundations, grant programs, homeland security programs and other appropriate funds or programs (“External Funds”). PDC, NMI and OHSU will jointly develop priorities for pursuing these External Funds.
External Financing. The Company may borrow additional financing from for its operations from time to time. The Parties shall use their commercially reasonable efforts to assist the Company in obtaining such additional financing. However, no Party shall be required to provide any guarantee or collateral as security for such financing unless such guarantee or collateral is provided by each Party in proportion to their respective shareholding in the Company at the time of such financing and the provision of such guarantee or collateral by each Party are on a several basis.
External Financing. €16 million loan agreed On October 1, 2014, Recylex SA signed a loan agreement for a maximum amount of €16 million with Glencore International AG, the Group’s core shareholder with a 32% stake. The main terms of the loan are as follows: Purpose of the loan: projected cash requirements mainly linked to the two final instalments due under the continuation plan; Credit facility of up to €16 million; Annual interest rate: 7% + average 6-month Libor rate over the period, coupon payable every six months; Bullet repayment of the principal amount on June 30, 2019, or in advance at Recylex’s discretion. The loan aims at covering Recylex SA’s projected 2014-2015 cash requirements under its continuation plan. Drawdowns may be made on this loan, in particular so that Recylex SA can honor the final two instalments of its continuation plan (in November 2014 and November 2015). To recap, since adopting its continuation plan in November 2005, Recylex SA has repaid over €75 million without having to raise additional debt. Recylex - 0, xxxxx xx xx Xxxxxxxxx - F-75008 Paris Administrative office: 00, xxx Xxxx-Xxxxxxx Xxxxxxxx - F-92158 Suresnes Cedex P: +00 0 00 00 00 00 - Fax: +00 0 00 00 00 00 - xxx.xxxxxxx.xx Since this loan covers neither the financing needs to rehabilitate the L’Estaque site nor those related to the operating cycle*, the search continues for financing to cover the projected cash requirements for the German perimeter and to complete the rehabilitation of the L’Estaque site. *As a reminder, trends in Recylex SA’s cash position are closely linked to those of the cash position of its German subsidiaries - See sections E and F of Note 1 to the condensed consolidated financial statements at June 30, 2014.
External Financing. Notwithstanding the foregoing, the Parties will not be able to undertake any of the following actions without the mutual written consent of the Parties:
External Financing. Promptly following the Closing, the Company shall use its commercially reasonable efforts to apply for and diligently pursue financing in the form of debt, grants and/or subsidies (not involving the issuance of Equity Rights) that may be available to it.
External Financing. The Company shall furnish Executive with detailed annual statements of profit and loss for OPENCLOSE contemporaneously with the completion of the yearly audit of the Company's financial statements by its independent auditors. Notwithstanding anything herein to the contrary, , Executive shall be entitled to receive his share of Net Profits of OPENCLOSE only to the extent the cumulative net losses of the OPENCLOSE Division' do not exceed One Million Five Hundred Thousand Dollars ($1,500,000) plus the proceeds of External Financing. In the event the cumulative net losses of the OPENCLOSE Division exceed the sum of One Million Five Hundred Thousand Dollars, ($1,500,000) plus the proceeds of External Financing, one hundred percent (100%) of the net income of the OPENCLOSE Division shall be applied against cumulative net losses, and no amount of Net Profit or External Financing shall be paid to the Executive, until such time as the cumulative net losses do not exceed One Million Five Hundred Thousand Dollars($1,500,000) plus the proceeds of External Financing.
External Financing. Tenant may seek private or other governmental sources of funding to meet its operating and maintenance obligations hereunder and/or to fund any capital improvement projects it elects to undertake. Landlord will work in good faith with Tenant to assist with such efforts and will consider the use of security interests or finance contracts deemed necessary and appropriate for such funding. In addition, Tenant shall be permitted to utilize federal tax credits in support of the development of the leased facilities, specifically including providing for an optional structure involving requisite tax credit entities. Although such structure may involve security interests in Tenant’s improvements and leasehold interest, nosuch deed of trust or other financing encumbrance may attach to the Campus.
