Note Purchase Agreements definition
Examples of Note Purchase Agreements in a sentence
For any such sale prior to the end of the applicable Availability Period for any Qualifying Project until FFB has funded the Guaranteed Loan for such Qualifying Project, the Borrower, (and if applicable, any other Borrower Party) DOE and FFB shall enter into agreements satisfactory to them in respect of FFB’s right to sell the applicable FFB Note(s) and delegate its obligations under the applicable FFB Note Purchase Agreement(s).
Subject to the terms of the FFB Note Purchase Agreements and the FFB Notes, the Borrower shall pay accrued interest on the outstanding principal amount of each Advance: (i) on each Payment Date, as and to the extent specified in Section 3.04(a) (Interest Amount and Computation); (ii) on each prepayment date (to the extent thereof); and (iii) at maturity (whether by acceleration or otherwise).
The entries made in the internal records maintained by or on behalf of DOE evidencing the amounts from time to time: (i) advanced by FFB under the FFB Note Purchase Agreements and the FFB Notes; or (ii) paid by or on behalf of the Borrower from time to time in respect thereof, shall constitute, absent manifest error, evidence of the existence and amount of the FFB Notes Obligations of the Borrower as therein recorded.
In furtherance of and not in limitation of DOE’s right of subrogation, the Borrower acknowledges that, to the extent of any payment made by DOE of Reimbursement Amounts, DOE shall be fully subrogated to the extent of any such payment, and any additional interest due on any late payment, to the rights of FFB under the FFB Notes, the FFB Note Purchase Agreements and any other Financing Documents.
The Class A Notes shall be Definitive Notes and initially shall be registered in the Note Register in the name of the initial purchasers of such Notes identified in the Class A Note Purchase Agreements.