In legal terms, a declaration made by the borrower regarding the validity of security interests granted to

Question:

In legal terms, a declaration made by the borrower regarding the validity of security interests granted to its creditors and included in the credit agreement is defined as:
a) Condition precedent
b) Representation
c) Reserved discretion

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Project Finance in Theory and Practice

ISBN: 978-0123919465

2nd edition

Authors: Stefano Gatti

See More Books

Question Posted: Apr 05, 2016 05:23 AM

See More Questions

Is it possible for the SPV to repay the loan in advance with respect to to the original final loan maturity? a) Yes, but the project company must demonstrate that it has sufficient funds to...
In a project finance credit agreement, lenders have included a clause which authorizes the SPV to withdraw funds for the payment of the first tranche of works to the contractor only after...
Match the following definitions (or partial definitions) of the various types of services to the appropriate term. Each term may be used once or not at all. Definition (or Partial Definition) a. A...
Shelby Company has an available production capacity of 180,000 hours. This can be used to produce 3 products in any combination. The total fixed cost is 180,000. Other information is as follows: X Y...
Utopia Dance Clubs, Inc., rented an old warehouse for its newest club on October 1, 2010. To receive a discount, Utopia paid $11,700 for 18 months of rent in advance. How will this advance payment...
Define amortization. Which kinds of assets are amortized?
The change in Gibbs' free energy for vaporization of a pure substance is (a) + ve (b) - ve (c) 0 (d) Either + ve or - ve.
On March 10, Fly Corporation acquired 6,000 shares of the 140,000 outstanding shares of Dickson Co. common stock at $32 plus commission charges of $240. On July 23, a cash dividend of $1.40 per share...
Discuss potential uses for virtualization and cloud computing, and how this might affect an organization's long-term IT strategy. Envision how it will develop over the next 10 years
After looking at the projections of the HomeNet project, you decide that they are not realistic. It is unlikely that sales will be constant over the four-year life of the project. Furthermore, other...
The credit agreement is a project document which can be classified into the category of: a) The security documents b) The project agreements c) The finance documents
Suppose that a transfer of shares in the project company takes place which is not allowed by the credit agreement. How would you define such event? a) Negative covenant b) Event of default c)...
Discuss what motivates hackers use to break into computer systems.
Answer the questions using the resources provided below. Write down one or two of most significant [central, useful, meaningful, surprising, disturbing] things you have learned from the readings in...
Re-ply to of your classmate about their brand-name ideas. Critique, add to their ideas, and discuss whether they are marketable.In general, trade dress is the commercial image of a product or service...
Signal Sets Company contracts to deliver one hundred (100) 52-inch plasma high-definition television sets to a new retail customer, Tuner TV Store, on May 1, with payment of $300 per setto made upon...
Name the act and the section and list the four factors and based on the four factors, taking the facts of the scenario into account, what would a court consider in determining whether a violation...
Type a written report summarizing a current healthcare article using one of the healthcare management article from one of the resources listed below. Resources: ACHE of South Florida:...
Find the sixth roots of -1.
Which of the following raises the credibility of areport? Which of the following raises the credibility of a report? Multiple Choice avoiding predictions avoiding the use of cause-effect statements...
(1) What is the underlying cause o ranking conflicts between NPV and IRR? (2) What is the "reinvestment rate assumption," and how does it affect the NPV versus IRR conflict? (3) Which method is the...
You have just graduated from the MBA program of a large university, and one of your favorite courses was "Today's Entrepreneurs." In fact, you enjoyed it so much you have decided you want to "be your...
As a separate project (Project P), you are considering sponsoring a pavilion at the upcoming World's Fair. The pavilion would cost $800,000, and it is expected to result in $5 million of incremental...
Can you draw a graph to show me how I would depict a change in the Monocentric City Model due to an inflow on the shape of Northwern cities due to the mass migration of African-Americans from the...
The firm's production function tell you if a twofold (threefold, etc) increase in all inputs increases output by less than twofold (less than threefold, etc.). Based on this information answer the...
After participating in the Application Based Activity (ABA) on the case involving allegations of fraud against the owner of a dating website, I judged the case in favor of the defendant. My decision...

In legal terms, a declaration made by the borrower regarding the validity of security interests granted to

Question:

Step by Step Answer:

B Representations are specific statements by the borrower who warrants their tr...View the full answer

Project Finance in Theory and Practice

Students also viewed these Corporate Finance questions