Difference between revisions of "Financial Close"
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== Definition == | == Definition == | ||
'''Financial Close''' is defined as the date on which all conditions precedent to initial drawing of the debt have been satisfied or waived. | '''Financial Close''' is defined as the date on which all conditions precedent to initial drawing of the debt have been satisfied or waived. | ||
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| + | The date on which the Agent notifies the Client that all the relevant Conditions Precedent to funding have been satisfied or waived. At this point, the Client can start requesting Loans from the Lenders under the Loan Agreement. | ||
[[Category:Contracts]] | [[Category:Contracts]] | ||
Latest revision as of 16:42, 15 June 2023
Definition
Financial Close is defined as the date on which all conditions precedent to initial drawing of the debt have been satisfied or waived.
The date on which the Agent notifies the Client that all the relevant Conditions Precedent to funding have been satisfied or waived. At this point, the Client can start requesting Loans from the Lenders under the Loan Agreement.
