Project Loan Sample Clauses
A Project Loan clause defines the terms under which a lender provides financing specifically for a designated project. It typically outlines the amount of the loan, the purpose for which the funds may be used, repayment schedules, and any conditions precedent to disbursement, such as project milestones or documentation requirements. This clause ensures that both parties are clear on the financial arrangements and obligations related to the project, thereby reducing the risk of misunderstandings and helping to secure the successful completion of the project.
Project Loan. Developer shall close on the Project Loan contemporaneously with the Closing. Developer, Town, and the Developer’s lender shall have agreed on the form and substance of a multi-party agreement that: (i) reflects certain lender protections required by lender; and (ii) coordinates and prioritizes the rights and remedies of Town and the Project Loan lender (the “Multi-Party Agreement”).
Project Loan any Event of Default (as defined in the Project Loan Agreement) occurs; or
Project Loan. The Loan which may be made by Lender pursuant to the Project Loan Agreement by and between Lender and Borrowers.
Project Loan. Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, the Bank agrees to make Project Loans to the Borrower(s) from time to time in an aggregate principal amount not to exceed Twenty Million Dollars ($20,000,000) outstanding at any time. In no event shall the Bank be obligated to make a Project Loan in respect of a Project for which there is not then in effect a Project Purchase Agreement, if by making such Project Loan, the aggregate amount of Project Loans (including the Project Loan at issue) in respect of Projects for which there are not then in effect Project Purchase Agreements would be greater than Fifteen Million Dollars ($15,000,000). For purposes of calculating the aggregate amount of Project Loans in the preceding sentence, the maximum principal amounts available thereunder shall be used, and not the then outstanding principal balances thereof. In no event shall the Bank be obligated to make any Project Loan on or after the Project Loan Commitment Expiration Date. Notwithstanding the foregoing, subject to the terms and conditions hereof, the Bank shall fund after the Project Loan Commitment Expiration Date any Project Loan for which the Closing has occurred prior to the Project Loan Commitment Expiration Date.
Project Loan. The Borrower shall ensure the timely implementation of the Project under the Project Loan Agreement.
Project Loan. Developer, Commission, and the Project Lender shall have agreed on the form and substance of the Tri-Party Agreement, and Developer shall be closing on the Project Loan contemporaneously with the Closing.
Project Loan. The U.S. Guarantors and Funding Company hereby acknowledge and agree that:
Project Loan. The Project Loan shall be paid in full concurrently with the Closing and the Lender shall have executed the Participation Release Agreement.
Project Loan. Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, the Bank agrees to make Project Loans to the Borrower(s) from time to time in an aggregate principal amount not to exceed Thirty Million Dollars ($30,000,000) outstanding at any time.
Project Loan. Subject to the terms and conditions hereof, the Note (as hereinafter defined and made a part of this agreement), the Energy Services Agreement, and the Master Agreement, CHARTER agrees to make advances to NESC as requested to finance the Project (such advances being herein after collectively called the "Loan"). The obligation of NESC to repay to CHARTER the loan shall be evidenced by this Loan Agreement and the attached promissory note, both executed by NESC. Interest on the Loan shall accrue and be payable as provided herein, in the Note and in the Master Agreement.