Financial Closing. It is the date on which the Concessionaire signs the financing agreement that covers the needs for Project construction and equipment.
Financial Closing. At Financial Close, GPA shall return the Bid Guarantee to Project Company and Project Company shall provide to GPA a security deposit (the "Performance Bond") in an amount in Dollars equal to US$75,000,000 to ensure Project Company's obligations to pay liquidated damages in accordance with Articles 9.1 and 9.2. The Performance Bond shall terminate three (3) Months after the Phase 2 Commercial Operation Date (or, in the case that Project Company opts to pursue Remedial Actions, six (6) months thereafter), at which point GPA shall return the Performance Bond to Project Company. The Performance Bond shall consist of either: (i) an unconditional and irrevocable direct pay letter of credit issued by an international bank with an investment grade rating in form and substance reasonably acceptable to GPA; (ii) a bank guarantee issued by an international bank with an investment grade rating in form and substance reasonably acceptable to GPA; or (iii) a performance bond issued by an international surety with an investment grade rating in form and substance reasonably acceptable to GPA.
Financial Closing. The act by virtue of which the CONCESSIONAIRE proves to the GRANTOR that it has the financial resources for the performance of the works until achieving the Commercial Start-Up, as per Clause 9.
Financial Closing. (i) The Concessionaire shall ensure that its obligations in relation to obtaining required finances (whether in the form of debt or equity) for the purpose of implementation of the Project are fulfilled within a maximum period of [ three (3) ] months from the signing and execution of the PIA (“Financial Closing”).
Financial Closing. It is the reliable and documented accreditation made by the CONCESSIONAIRE, which must demonstrate that it has the necessary financial resources for the execution of the Project.
Financial Closing. 4.1 The Concessionaire shall ensure that its obligations in relation to obtaining required finances (whether in form of debt and equity) for the purposes of implementation of the Project is fulfilled within a maximum period of three (3) months of signing and execution of this Agreement (the “Financial Closing”).
Financial Closing. No later than three (3) months after the Discharge Notice Date, Seller shall provide Southwestern with an executed loan agreement or bond indenture for the Senior Debt sufficient to cover the estimated cost to complete the construction of the Facility ("Financial Closing").
Financial Closing. Process whereby OPERATING COMPANY shall prove to ESSALUD that it has necessary financing commitment to execute Infrastructure Construction in accordance with provisions in Clauses 7.11 et seq.
Financial Closing. (a) Either Party, in its sole discretion, may cancel this Agreement, without further obligation or liability, by Notice given to the other Party at any time after October 1, 1995, which date may be extended to January 1, 1996 at the option of Buyer, or at another date mutually agreed to by the Parties, if the Financial Closing has not yet occurred. If neither Party has elected to cancel this Agreement pursuant to this Section 2.3, at the Financial Closing each Party shall deliver to the other Party and the Financing Parties a written Notice stating that such Party permanently waives any right it may have to cancel the Agreement pursuant to this Section 2.3, but without prejudice to any other rights and remedies such Party may have arising out of this Agreement.
Financial Closing. The Financial Closing shall have been consummated on terms satisfactory to Purchaser.
