Unless expressly otherwise, all accounting or financial conditions must be interpreted in accordance with Section 1.4 (Accounting and Financial Determination) of the Common Terms Agreement. Here are some examples of how this agreement can help you: A takeover agreement is an agreement between the project company and the Offtaker (the party that buys the product/service that produces/provides the project). In the case of project financing, revenues are often contracted (instead of being sold on the basis of a trader). The catch agreement regulates the price and volume mechanism from which the revenues come. The objective of this agreement is to provide the project company with stable and sufficient revenues to cover the project`s financing obligation, to cover operating costs and to ensure some necessary returns for sponsors. Where the financing of the project involves a mezzanine financing element, the Intercreditor Agreement establishes subordination conditions and other principles to be applied between priority debtors and mezzanine bond providers. Learn more about interconnection agreements in project funding documents. This exercise note examines the first category of documents, financial documents. It explains what they are and some of the most important terms in them.
Please read these terms and conditions carefully before accessing, using or receiving materials, information, products or services. By accessing KAYAK`s website, mobile or tablet app, any other KAYAK feature or other platform (together « our website »), you agree to these terms and conditions and our Privacy Policy. It is a simple declaration that does not cover mining, shipping and supply contracts related to the importation of coal (which, in itself, could be more complex than the financing regime), nor contracts for the supply of energy to consumers. In developing countries, it is not uncommon for one or more public bodies to be the main consumers of the project and distribute the « last kilometre » to the consumer population. The corresponding sales contracts between the government authorities and the project may include clauses guaranteeing a minimum rate of removal and thus guaranteeing a certain level of turnover. In other sectors, including road transport, the government can collect road tolls and revenues, while providing the project with a guaranteed annual amount (as well as clearly defined upside and downside conditions). This will minimize or eliminate the risks associated with transportation demand for project investors and lenders. Thus, Engine Yard uses the Clickwrap agreement with the box I agree: There is a delivery contract between the project company and the supplier of the necessary raw material/fuel.
View your terms and conditions in the following places, if any: There are common types of term agreements for different types of project funding.