Completion Longstop Date definition
Examples of Completion Longstop Date in a sentence
The Total Funding Available for each Project (taking into account the financial resources of the Sponsor Guarantor to increase its Equity Commitment thereunder) will be sufficient to pay all remaining Project Costs for such Project and to achieve the Project Completion Date for such Project by no later than the final Milestone Completion Longstop Date set forth in the Disbursement Milestone Schedule for such Project.
Project Completion has not occurred on or prior to the Completion Longstop Date.
The actual Direct Funding Disbursement Date for any Disbursement Milestone for any Project may occur after the Milestone Completion Longstop Date for such Disbursement Milestone.
The Recipient’s good faith estimate and belief is that, for each Project, the Total Funding Available for each Project will be sufficient to pay all remaining Project Costs for such Project and to achieve the Project Completion Date for such Project by no later than the final Milestone Completion Longstop Date set forth in the Disbursement Milestone Schedule for such Project.
The Borrower shall repay to the Administrative Agent for the ratable account of the Lenders on the Project Completion Longstop Date (or if such day is not a Business Day, payment shall be made on the immediately preceding Business Day) the aggregate principal amount of all Liquidity Buffer Loans outstanding on such date.
In the event PREP A elects to place the Vessel On Hire from the Substantial Completion Longstop Date until the In-Service Date, PREPA may subsequently elect to cease paying Hire prior to the In-Service Date, in which case EE shall again have the right to terminate this Charter as set out in this Clause 3.2( d).
The Borrower shall cause: the Project Completion Date to occur on or prior to the Project Completion Longstop Date within the Construction Budget.
The Total Funding Available for the Project (taking into account the financial resources of the Sponsor Guarantor to increase its Equity Commitment thereunder) will be sufficient to pay all remaining Project Costs for the Project and to achieve the Project Completion Date for the Project by no later than the final Milestone Completion Longstop Date set forth in the Disbursement Milestone Schedule for the Project.
The actual Disbursement Date for any Disbursement Milestone for any Project may occur after the Milestone Completion Longstop Date for such Disbursement Milestone.
The actual Direct Funding Disbursement Date for any Disbursement Milestone may occur after the Milestone Completion Longstop Date for such Disbursement Milestone.