Financial Close Security definition

Financial Close Security means the bond or letter of credit as described in ITP Section 6.7.
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Financial Close Security means the Proposal Security (as defined in the ITP) in the amount of
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Financial Close Security means the security described in ITP Section 6.6.
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Examples of Financial Close Security in a sentence

  • Within two Business Days after the date of Financial Close and payment of any Concession Payment, TxDOT shall return to Developer the original of the Financial Close Security.

  • Such termination shall be without fault, Claim, penalty or Termination Compensation, other than the Termination Compensation expressly set out in Section 31.6.3. Upon such termination, all the CDA Documents and the Independent Engineer Agreement shall be deemed terminated (except for provisions of this Agreement that survive termination), and TxDOT shall promptly return to Developer the original of the Financial Close Security).

  • Upon Financial Close being successfully achieved in accordance with the terms of this Agreement, the Department will return the Financial Close Security to the Developer within two Business Days of Financial Close.

  • In such case, the Department will return the old NEXT Financial Close Security within two Business Days upon receipt of the new NEXT Financial Close Security.

  • The Department will have the right to draw on the 395 Financial Close Security after June 19, 2017, unless on or before June 19, 2017 the Concessionaire delivers to the Department a new 395 Financial Close Security, or extends the already-delivered 395 Financial Close Security, with an expiry date no earlier than September 15, 2017.

  • The Department will have the right to draw on the NEXT Financial Close Security after the NEXT Financial Close Deadline.

  • The Department will return the Final Proposal Security within two Business Days upon receipt of the 395 Financial Close Security.

  • For the avoidance of doubt, movement in interest rates will not (x) affect the Department’s right to draw on the NEXT Financial Close Security nor (y) impair the Concessionaire’s rights hereunder.

  • If the Preferred Proposer’s Proposal Security or Financial Close Security is drawn by the Enterprises any amounts received shall be allocated between BE and CDOT.

  • Any such request shall specify any change to the Planned Full Services Commencement Date and the Full Services Commencement Longstop Date which the Concessionaire considers to be necessary as a consequence of the change to the Financial Close Deadline Date (giving a reasonably detailed explanation of how the new dates have been assessed) and confirm that the Financial Close Security will remain in full force and effect up to the proposed new Financial Close Deadline Date.


More Definitions of Financial Close Security

Financial Close Security means the Proposal Security (as defined in the ITP) in the amount of $30,000,000 provided by Developer to TxDOT under Section 3.3 of Exhibit B to the ITP.
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Financial Close Security means the security of that name provided in accordance with the RFP having an expiry date 74 days after the Financial Close Deadline Date.
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Financial Close Security has the meaning set forth in Section 6.1 (Financial Close Security).
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Financial Close Security means the one or more letters of credit required of the Developer pursuant to Section 5.3 (Financial Close Security) as security for the achievement of Financial Close in the form set forth in Transaction Form A (Financial Close Security).
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Related to Financial Close Security

  • Financial Closing Date means the date of signing of the initial agreements for any Financing of the Facility.

  • Financial Close means the Capacity Market Seller has demonstrated that the Capacity Market Seller or its agent has completed the act of executing the material contracts and/or other documents necessary to (1) authorize construction of the project and (2) establish the necessary funding for the project under the control of an independent third-party entity. A sworn, notarized certification of an independent engineer certifying to such facts, and that the engineer has personal knowledge of, or has engaged in a diligent inquiry to determine, such facts, shall be sufficient to make such demonstration. For resources that do not have external financing, Financial Close shall mean the project has full funding available, and that the project has been duly authorized to proceed with full construction of the material portions of the project by the appropriate governing body of the company funding such project. A sworn, notarized certification by an officer of such company certifying to such facts, and that the officer has personal knowledge of, or has engaged in a diligent inquiry to determine, such facts, shall be sufficient to make such demonstration.

  • Financial Closure means the first Business Day on which funds are made available to the TSP pursuant to the Financing Agreements;

  • Financial Closing means the execution of the Financing Documents by all the parties thereto, and the fulfillment of all conditions precedent thereunder necessary to permit the advance of funds to pay amounts due under this Agreement.

  • Qualified Financial Contract means a qualified financial contract as defined in 12 U.S.C. Section 1821(e)(8)(D).