Phase II Final Completion Date definition
Examples of Phase II Final Completion Date in a sentence
As is reasonably practicable, following the Phase II Final Completion Date, liquidate, wind up and dissolve the Completion Guarantor.
Notwithstanding the amendment set forth herein to the effect that the Disbursement Agreement shall continue in effect after the Phase II Final Completion Date, from and after the date hereof no party shall have any further rights, duties, liabilities or obligations under the Disbursement Agreement, other than those that are intended to survive the termination of the Disbursement Agreement.
For reference purposes only in interpreting the Disbursement Agreement, the Phase II Final Completion shall be deemed to have occurred on the Phase II Final Completion Date (as defined below).
The undersigned desire to amend the Disbursement Agreement to, among other things, waive the Company’s obligation to achieve the Phase II Final Completion Date, remove the Completion Guaranty Release Conditions, and to reflect the issuance of the Additional First Lien Mortgage Notes.
This Agreement shall, subject to Section 11.11 and to the next sentence, terminate and be of no further force or effect on the Phase II Final Completion Date.
The ability of ▇▇▇▇ Las Vegas or any of its Restricted Subsidiaries to repair or restore any of the Collateral following an Event of Loss that occurs on or prior to the Phase I Final Completion Date or the Phase II Final Completion Date, as the case may be, shall be governed by the Disbursement Agreement.
The Company has previously delivered to each of the Disbursement Agent, the Bank Agent and the Arrangers the Projected Excess Cash Flow Schedule attached hereto as Exhibit D-3 identifying the anticipated Excess Cash Flow for the Projects, broken down by quarter for each calendar quarter through the then anticipated Phase II Final Completion Date.
Paragraph 8 of the Agreement is hereby amended with respect to the funding for the Phase II Project: In the event that DEP determines, in accordance with the process described in subsection (a) of this Section, that the Phase II Project is unlikely to be completed by the Phase II Final Completion Date, as it may have been extended pursuant to subsection (d), below, DEP reserves the right to terminate this Agreement in accordance with the process described herein .
Within sixty days after the Phase II Final Completion Date (as defined in Schedule A), a final accounting and reconciliation shall be prepared and submitted to DEP by the Town in accordance with the back-up documentation requirements set forth above in this Section with respect to the interim accounting submissions, documenting the expenditure of DEP Phase II Project Funds and showing all unspent and uncommitted funds advanced by DEP.