Delivery Loan definition
Examples of Delivery Loan in a sentence
A certified copy of the invoice issued by the Builder in relation to the Instalment payable by the Owner on the Delivery Loan Utilisation Date.
Copies of such other documents which, based on legal advice received from the relevant advisers referred to in this Agreement and which are reasonably required to evidence the legality, validity and enforceability of the obligations of the parties to any Finance Document being delivered on the Delivery Loan Utilisation Date.
In the event that on the Special Determination Date the amount on deposit in the Delayed Delivery Loan Funding Account, after giving effect to the purchase of any Delayed Delivery Loans on such date, is greater than zero but less than or equal to $10,000,000, the Class A-1 Notes will be redeemed in an amount equal to such amount on deposit in the Delayed Delivery Loan Funding Account.
On the Quarterly Payment Date referred to in Section 10.01(a)(i), the amount on deposit in the Delayed Delivery Loan Funding Account will be distributed therefrom to the Indenture Trustee (or other Paying Agent) on behalf of the Noteholders as provided in Section 2(j)(ii) of the Administration Agreement.
The Seller covenants to transfer on the Special Determination Date to the Eligible Lender Trustee on behalf of the Issuer pursuant to paragraph (a) above Delayed Delivery Loans with an aggregate principal balance substantially equal to the Delayed Delivery Loan Funding Account Closing Date Deposit.
A copy of any and all invoices issued by the Builder in relation to any Instalments payable by the Owner on or before the Delivery Loan Utilisation Date.
Evidence that the Required DSRA Balance has been or will immediately after the drawing of the Delivery Loan be credited to the balance of the Debt Service Reserve Account.
The Annual Budget of the Owner in agreed form and approved by the Lenders, for the year from the date of payment of the Delivery Loan falls.
Receipt of updated budgets and financial projections referred to in Part I of this Schedule at paragraph 22, and a technical memorandum issued by the Technical Adviser covering the relevant Workscope, to be achieved by the Delivery Loan Utilisation Date and confirming that the construction milestones specified under Clause 16.29 (Construction Milestones) has been met.
Copies of such other documents and/or legal opinions which, based on legal advice received from the relevant advisers referred to in this Agreement and which are reasonably required to evidence the legality, validity and enforceability of the obligations of the parties to any Finance Document or any of the documents required pursuant to Clause 16.35 (Petrobras Charter) being delivered on the Delivery Loan Utilisation Date.