Common use of Initial Submission Phase Clause in Contracts

Initial Submission Phase. From solicitation of responses from potential Lenders to selection of short-listed Lenders Scope The formal IPDC process has continued, or will continue, after the preparatory phase, with an Initial Submission Phase. Initial feedback on financing capacity, tenor and price will be received at this point. Although this IPDC Protocol assumes an Initial and Final Submission process, depending on the outcome and responses at the Initial Submission Phase it may be possible to combine Initial and Final Submission phases and move straight to full credit committee approval and Financial Close. The Final Submission Phase provides flexibility in the process to get best and final offers, introduce new relevant information and make any necessary adjustments to the financing transaction structure to finalize financing proposals.

Initial Submission Phase. From solicitation of responses from potential Lenders to selection of short-listed Lenders Scope The formal IPDC process has continued, or will continue, after the preparatory phase, with an Initial Submission Phase. Initial feedback on financing capacity, tenor and price will be received at this point. Although this IPDC Protocol assumes an Initial and Final Submission process, depending on the outcome and responses at the Initial Submission Phase it may be possible to combine Initial and Final Submission phases and move straight to full credit committee approval and Financial Close. The Final Submission Phase provides flexibility in the process to get best and final offers, introduce new relevant information and make any necessary adjustments to the financing transaction structure to finalize financing proposals.