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An settlement concerning the funding events and also the project firm which sets out the conditions which have been frequent to many of the financing devices and the connection involving them (together with definitions, conditions, purchase of drawdowns, project accounts, voting powers for waivers and amendments).
See of default: obligation around the suitable project counterparty to notify the lenders directly of defaults via the project firm beneath the relevant deal.
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Frequently the final expression sheet is hooked up for the mandate letter and is also utilized by the lead arrangers to syndicate the debt.
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