Reimbursement Agreement definition
Examples of Reimbursement Agreement in a sentence
Notwithstanding any provisions contained herein to the contrary, after the expiration or termination of the Credit Facility and payment of all amounts payable under the Reimbursement Agreement with respect thereto or for so long as the Credit Facility Provider shall fail to honor any draw on the Credit Facility made in strict compliance with the terms thereof, the Credit Facility Provider shall not be entitled to exercise any rights and remedies granted to it hereunder.
The Borrower shall not create or authorize to be created any unsecured debt ranking senior to or on parity with this Loan Agreement and the Promissory Note other than as authorized herein or in the Reimbursement Agreement without the prior written consent of the Credit Facility Provider.
The Borrower shall take whatever action as may be necessary to maintain a Credit Facility in full force during the period required by the Indenture with respect to the Series 2009A Bonds, including the payment to the Credit Facility Provider of all amounts due and payable under the Reimbursement Agreement.
Except as otherwise may be provided in the Reimbursement Agreement, a default or Event of Default under a Series Loan Agreement with respect to any other Series of Bonds shall not, in and of itself, constitute a default or Event of Default under this Loan Agreement.
The proceeds of the Loan shall be disbursed solely to fund the Project and pay the Series 2009A Project Costs in accordance with the Indenture and the Reimbursement Agreement and pursuant to requisitions substantially in the form attached hereto as Exhibit B signed by an Authorized Borrower Representative.