Delivery of Financing Documents; Evaluation of Terms and Conditions Clause Samples

Delivery of Financing Documents; Evaluation of Terms and Conditions a) Within 30 days of the issuance of the Letter of Award, the Operator shall deliver to LTC a schedule or a copy of the term sheet reflecting the proposed material terms of the Financing Documents and setting forth a principal repayment schedule together with the maximum principal amounts and interest rate or rates and any schedules or formulae that will be included in the Financing Document for the computation of fees and charges payable to the Lenders upon the winding up for early termination of the loans under the Financing Documents, and shall also identify the equity commitments, individually and in total, of the Owners. LTC will evaluate the principal repayment schedule and other principal financial and other terms and the equity commitments in the Project and to evaluate the impact on LTC’s obligations upon any termination of this Agreement. If LTC has any objections to the terms specified in such term sheet or schedule, it shall inform the Operator thereof within seven (7) Business Days of its receipt thereof. Prior to execution of the Financing Documents, the finalized versions shall be provided to LTC for its final review. The Operator shall ensure that LTC’s objections, whether to the term sheet or schedule or the draft Financing Documents, are addressed to LTC’s satisfaction. The Operator shall provide LTC with a copy of the Financing Documents executed on the date of Financial Closing no later than seven (7) Days after Financial Closing. b) Following Financial Closing, the Operator shall not amend or modify the terms and conditions of the Financing Documents or enter into any new Financing Documents, without having followed the procedure under sub-Article 9.3(a) above, regarding prior approval of LTC for the revised/new terms sheet or schedule and drafts of new Financing Documents. c) the Operator shall deliver to LTC, in a form satisfactory to LTC, assurances, undertakings or agreements that no alteration or enhancement as a result of such refinancing or new or additional debt financing shall increase in any respect the financial obligations of LTC hereunder or effect in any way the right of LTC to acquire the Buses, free and clear of all Encumbrances, upon LTC’s payment of the applicable Compensation Amount.
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Related to Delivery of Financing Documents; Evaluation of Terms and Conditions

  • Survival of Terms and Conditions The Parties understand and agree that all terms and conditions of the Agreement that require continued performance, compliance, or effect beyond the termination date of the Agreement shall survive such termination date and shall be enforceable in the event of a failure to perform or comply.

  • VARIATION OF TERMS AND CONDITIONS The Bank may at any time amend or vary any of these terms and conditions governing the operation or use of the TBS. The Bank shall notify the Account Holder of any changes. If the Account Holder continues to use or operate the TBS after the Bank has given such notice of change, the Account Holder shall be deemed to have accepted and agreed to such changes without reservation.

  • Modification of Terms; etc No Pledgor shall rescind or cancel any obligations evidenced by any Receivable or modify any term thereof or make any adjustment with respect thereto except in the ordinary course of business consistent with prudent business practice, or extend or renew any such obligations except in the ordinary course of business consistent with prudent business practice or compromise or settle any dispute, claim, suit or legal proceeding relating thereto or sell any Receivable or interest therein except in the ordinary course of business consistent with prudent business practice without the prior written consent of the Collateral Agent. Each Pledgor shall timely fulfill all obligations on its part to be fulfilled under or in connection with the Receivables.

  • Waiver of Terms and Conditions Failure to enforce any of the terms or conditions of this Agreement shall not constitute a waiver of any such terms or conditions, or of any other terms or conditions.

  • Acceptance of Terms and Conditions Seller, by signing this Agreement, or delivering the supplies or performing the services identified herein, agrees to comply with all the terms and conditions and all specifications and other documents that this Agreement incorporates by reference or attachment. Company hereby objects to any terms and conditions contained in any acknowledgment of this Agreement that are different from or in addition to those mentioned in this document. Failure of Company to enforce any of the provisions of this Agreement shall not be construed as evidence to interpret the requirements of this Agreement, nor a waiver of any requirement, nor of the right of Company to enforce each and every provision. All rights and obligations shall survive final performance of this Agreement.