Examples of Lenders Direct in a sentence
The Parties acknowledge and agree that provisions, which shall be agreed with the Lenders, will be included in the Lenders' Direct Agreement which will provide, inter alia, for the Lenders' security interest and cure and step-in rights in and under this Agreement.
Subject to the prior written consent of Project Company and the Agent (in accordance with the Lenders' Direct Agreement), if Project Company shall be requested by GPA to (a) increase the generation capacity of the Facility or (b) add equipment, then Project Company shall (once all relevant details have been agreed by Project Company and GPA) implement and prosecute such request at GPA's expense.
Subject to the provisions of this Agreement, the Collateral Agent will pursue the prosecution of any Enforcement Action that the Collateral Agent is so authorized or directed to initiate pursuant to this Agreement and the terms of the Intercreditor Agreement, subject to the Lenders Direct Agreement, to the extent applicable.
Lender’s Direct Agreement means the Lender's Direct Agreement as defined in the Project Agreement.
Following Milestone Completion with respect to Milestone 5B, the Enterprises shall deposit the Performance Payments to such account as may be designated by the Developer in the relevant Payment Request or by the Collateral Agent pursuant to the Lenders Direct Agreement.
The Parties to this Lenders Direct Agreement agree to the distribution of insurance proceeds in respect of GC 11.1.1.2.2 of the Construction Contract in accordance with Section 2.11 of the Project Agreement and to enter into an Insurance Trustee Agreement, or agree to such alternative arrangements, all as contemplated in Section 2.11 of the Project Agreement.
High Performance Transportation Enterprise (HPTE) Board is asked to adopt a resolution that supports the staff recommendation to approve the execution and delivery of a First Amendment to the Project Agreement and a Lenders Direct Agreement.
The Ports Authority shall subject to the provisions of the Lenders Direct Agreement give notice to the Lenders of its intention to exercise any right of termination pursuant to clause 34.5 or 34.7 prior to exercising such right and permit the Lenders to exercise their rights under such Lenders Direct Agreement.
In connection with the Enterprises entering into a new project agreement under the terms of the Lenders Direct Agreement, CDOT, HPTE and BE acknowledge that to give full effect to such new project agreement they will be required to contemporaneously enter into a new intra-agency agreement on substantially the same terms and conditions as this Agreement, except with respect to any obligations fulfilled by any Party hereto prior to the date of termination.
That the Relevant Officer(s) be authorised to sign and/or issue the necessary certificates under Section 3 of the Local government (Contracts) Act 1997 in respect of the PA, the Senior Lenders Direct Agreement and any other certificate(s) which may be required.