Financial Closing Sample Clauses

Financial Closing. It is the date on which the Concessionaire signs the financing agreement that covers the needs for Project construction and equipment.
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Financial Closing. At Financial Close, GPA shall return the Bid Guarantee to Project Company and Project Company shall provide to GPA a security deposit (the "Performance Bond") in an amount in Dollars equal to US$75,000,000 to ensure Project Company's obligations to pay liquidated damages in accordance with Articles 9.1 and 9.2. The Performance Bond shall terminate three (3) Months after the Phase 2 Commercial Operation Date (or, in the case that Project Company opts to pursue Remedial Actions, six (6) months thereafter), at which point GPA shall return the Performance Bond to Project Company. The Performance Bond shall consist of either: (i) an unconditional and irrevocable direct pay letter of credit issued by an international bank with an investment grade rating in form and substance reasonably acceptable to GPA; (ii) a bank guarantee issued by an international bank with an investment grade rating in form and substance reasonably acceptable to GPA; or (iii) a performance bond issued by an international surety with an investment grade rating in form and substance reasonably acceptable to GPA.
Financial Closing. The act by virtue of which the CONCESSIONAIRE proves to the GRANTOR that it has the financial resources for the performance of the works until achieving the Commercial Start-Up, as per Clause 9.
Financial Closing. (i) The Concessionaire shall ensure that its obligations in relation to obtaining required finances (whether in the form of debt or equity) for the purpose of implementation of the Project are fulfilled within a maximum period of [ three (3) ] months from the signing and execution of the PIA (“Financial Closing”).
Financial Closing. No later than 90 days after a given year's conference the Finance Chair will provide the Steering Committee with a financial status report. This report will provide the best information available on: • Actual versus budgeted expenses and revenues • Any outstanding receivables and expenses • Status on any and all bank accounts Based on this information, the Steering Committee will direct the Finance Chair to return to the Sponsors as much of the funds on hand as is deemed prudent. No later than six months after the conference all outstanding receivables and expenses will be settled. The Finance Chair will arrange for auditing of the conference financial records in accordance with the guidelines set forth by the IEEE for IEEE sponsored conferences. A pre- auditing status report will be provided to the Designated Responsible Individuals. No later than the end of the calendar year in which the conference was held, the Finance Chair will provide to the Designated Responsible Individuals a Final Report including the auditor's report and a disbursement of any remaining funds. All bank accounts are to be closed by this time.
Financial Closing. Process whereby OPERATING COMPANY shall prove to ESSALUD that it has necessary financing commitment to execute Infrastructure Construction in accordance with provisions in Clauses 7.11 et seq.
Financial Closing. The Financial Closing shall have been consummated on terms satisfactory to Purchaser.
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Financial Closing. The Financial Closing shall have been consummated on terms satisfactory to each of the Partners. 8.2
Financial Closing. Should Financial Closing not have occurred within two (2) years from the execution of this Agreement, Purchaser may terminate this Agreement by written notice of intent to terminate given not less than six (6) months prior to the effective date of termination; provided, however, that:
Financial Closing. The financial closing shall be completed to the satisfaction of both parties and shall include:
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