Examples of Lender’s Direct Agreement in a sentence
TxDOT shall have no obligations or liabilities in connection with any Refinancing except for the rights, benefits and protections set forth in the Lenders’ Direct Agreement (but only if the Refinancing satisfies the conditions and limitations set forth in Section 2.1 of the Lenders’ Direct Agreement).
Notwithstanding any such payment schedule, the Net Present Value of the unpaid amount shall be due and payable in full to TxDOT immediately upon (i) any failure to pay a scheduled payment when due, if such failure is not cured within the cure period available to then-existing Lenders under Section 2.4.2 of the Lenders’ Direct Agreement (if any) or (ii) termination of this Agreement for any reason.
Regardless of whether a proposed Refinancing actually closes, Developer shall reimburse TxDOT for all TxDOT’s Recoverable Costs in connection with (a) assistance provided by TxDOT in connection with a Refinancing, other than delivering a consent and estoppel certificate under Section 2.9 of the Lenders’ Direct Agreement or any direct lender agreement pursuant to Section 32.1, and (b) assessing any Refinancing Gain and TxDOT’s share thereof.