Financial Close for the Project definition

Financial Close for the Project means that Purchaser has closed with equity investors and/or debt providers to secure one hundred percent (100%) of the anticipated costs of completing the Project and the proceeds thereof are available to Purchaser.
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Examples of Financial Close for the Project in a sentence

  • Seller shall provide Purchaser with written notice of the additional cost of such extended “evergreen” warranty, and by delivery of written notice from Purchaser to Seller at any time prior to Financial Close for the Project, Purchaser may elect to require such extended “evergreen” warranty and the Contract Price shall be increased accordingly.

  • Upon termination for convenience, Seller shall be entitled to payment as set forth below; provided, however, that prior to the earlier of Financial Close for the Project or February 28, 2009, total payments due to Seller for all Work performed up to the date of termination shall in no event exceed * percent (*%) of the aggregate Contract Prices of the four (4) Multi-Hearth Furnace Contracts plus costs incurred pursuant to Article 24, if any.

  • If Financial Close for the Project occurs after February 28, 2009, then Seller shall be entitled to an equitable adjustment of the * percent (*%) limitation described in the preceding sentence as required to maintain the Project Schedule notwithstanding such delay pursuant to a Change Order executed in accordance with Article 19.

  • Without limiting the generality of the foregoing and notwithstanding anything herein to the contrary, a termination of the Limited Notice to Proceed and the Contracts by IFCO for an Event of Default by Purchaser occurring on or before the date of the Financial Close for the Project, if any, shall not impair, diminish, release or otherwise affect Guarantor’s obligations hereunder.

  • In addition, if Financial Close for the Project has not occurred by April 30, 2009, Seller may terminate this Contract and the other Multi-Hearth Furnace Contracts for its convenience and shall not be required to continue the Work.

  • In no event shall total payments for Work performed up to the earlier of Financial Close for the Project or February 28.

  • On or before the date of Financial Close for the Project, Seller shall furnish a separate performance and payment bond (the “Bond”) in an amount equal to the total Contract Price and otherwise in form and substance substantially similar to the forms of bond set forth in Attachment 13 (“Form of Performance/Payment Bond”).

  • The Parties do hereby undertake to be jointly and severally responsible for all obligations and liabilities relating to the Project and in accordance with the terms of the RFQ, RFP and the Agreement, till such time as the Financial Close for the Project is achieved under and in accordance with the Agreement.

  • The Parties do hereby undertake to be jointly and severally responsible for all obligations and liabilities relating to the Project and in accordance with the terms of the RFQ, RFP and the Development and Operation Agreement, till such time as the Financial Close for the Project is achieved under and in accordance with the Development and Operation Agreement.

  • The Parties do hereby undertake to be jointly and severally responsible for all obligations and liabilities relating to the Project and in accordance with the terms of the RFP and the Concession Agreement, till such time as the Financial Close for the Project is achieved under and in accordance with the Concession Agreement.