FINANCIAL CLOSURE. 6.1. Financial Closure should be achieved within a period of 120 Business Days after the Effective Date, or such longer period as may be agreed between the parties.
FINANCIAL CLOSURE. 1.10.4 The Lessee hereby agrees and undertakes that it shall achieve Financial Closure & execute Financing Documents & deliver to DOT three copies thereof attested by a Director or the Authorized Signatory of the Lessee by the Appointed Date, and in the event of delay it shall be entitled to a further period not exceeding 90 (ninety) days. In the event of Financial Closure not being achieved even within 90 days of Appointed Date, the Lessee shall be entitled to a further period not exceeding 60 days subject to payment of damages to DOT in a sum of Rs.10,000 (Rs. Ten thousand only) for each day of delay. Provided that the damages specified herein shall be payable every week in advance and the period beyond 90 days from Appointed Date shall be granted only to the extent of damages so paid, provided further that no damages shall be payable if such delay in Financial Closure has occurred solely as a result of any default or delay by DOT in satisfaction of the Conditions Precedent specified in clause 1.7.2.
FINANCIAL CLOSURE. 22.1 The obligation of the Purchaser to pay the Purchase Price (or any installment thereof) and the obligation of FA-1 to provide the Rights are conditional upon the occurrence of FA-1
FINANCIAL CLOSURE. 9.2.1. The CONCESSIONAIRE shall provide evidence to the GRANTOR, before thirty
FINANCIAL CLOSURE. 23.1 The obligation of XXXX ATLANTIC to pay the Purchase Price (or any instalment thereof) and the obligation of FA-1 to provide the Capacity is conditional upon the occurrence of FA-1 Financial Closure.
FINANCIAL CLOSURE. 23.1 The obligation of GTE to pay the Purchase Price (or any instalment thereof) and the obligation of FA-1 to provide the Capacity is conditional upon the occurrence of FA-1 Financial Closure.
FINANCIAL CLOSURE. 24.1 The obligation of the Purchaser to pay the Purchase Price (or any installment thereof) and the obligation of FA-1 to provide the System IRU are conditional upon the occurrence of FA-1 Financial Closure.
FINANCIAL CLOSURE. 22.2 If FA-1 Financial Closure has not occurred by 12 October 1999, then this Agreement shall terminate (with the exception of clauses 11, 19, 21 and 23 which shall survive termination).
FINANCIAL CLOSURE. The Project shall achieve Financial Closure within 07 (Seven) months from the Effective Date of the signing of PPA (for e.g. if if Effective date of PPA signing is 07.03.2020,, then scheduled Financial Closure date shall be 07.10.2020). At this stage, the SPDs shall report tie-up of Financing Arrangements for the Projects. In this regard, the SPD shall submit a certificate from all financing agencies regarding the tie-up of funds indicated for the Project. Additionally, the SPD shall furnish documentary evidence towards the following: -
